Samsung Electronics Co Ltd said on Wednesday it expected its profit to decline in the current quarter, as strength in the chip business would be offset by a sales slump in smartphones and TVs.
Asian equities made cautious gains in early trade on Wednesday following mixed U.S. corporate earnings while oil prices looked set for more wild swings as storage concerns capped optimism about easing coronavirus lockdowns.
Samsung Electronics Co Ltd said its operating profit rose 3per cent in the January to March period, in line with its earlier estimate, as the stay-at-home trend due to the COVID-19 pandemic cushioned the virus blow.
Office density may well fall for some organisations, but only for those who robustly embrace the dynamic hot-desking model, says Anthony Oundjian of Boston Consulting Group.
NEW YORK: Wall Street stocks finished lower following a choppy session on Tuesday (Apr 28) as mixed earnings reports and weak consumer data underscored the economic challenges caused by the coronavirus shutdowns. The Dow Jones Industrial Average lost 32.23 points (0.13 per cent) at 24,101.55 ...
REUTERS: Starbucks Corp said on Tuesday it expects comparable sales in China in the current quarter to decline between 25per cent and 35per cent, hurt by the coronavirus pandemic that has forced it to close stores and limit operations. The company did not forecast sales for its U.S. business...
As Detroit's automakers seek to restart their U.S. plants during the coronavirus pandemic, two health experts advising Michigan's governor and the United Auto Workers union warned against an over-reliance on masks and face shields to keep workers safe.
Google parent Alphabet Inc beat Wall Street estimates for first-quarter revenue on Tuesday, recording 13per cent growth even as companies drastically slashed spending during the coronavirus crisis.
Top Trump adminstration officials on Tuesday predicted a strong economic rebound in the fourth quarter as the coronavirus fades, but a senior White House adviser warned that near-term unemployment and GDP data will be a "very grave" negative shock.
Shrugging off reams of terrible economic data, plunging oil prices and dire corporate profits, world stocks have recouped around half of this year's coronavirus-linked losses as investors flip over their calendars to bet on a strong recovery in 2021.
