The COVID-19 crisis has wreaked more financial havoc than many of us could have imagined. Though stocks have managed to thrive despite an early beating, the U.S. economy is still deep in recession territory, and with COVID-19 cases surging in most states, the risk of a second wi
(RTTNews) - French automaker Peugeot S.A. or Groupe PSA (PEUGF.PK) reported Thursday that worldwide sales volume for the first half declined 45.7 percent to 1.03 million units from last year's 1.90 million units.
(RTTNews) - Amazon on Wednesday said it is extending the time frame to work from home up to January 8, 2021, as the Covid-19 pandemic shows no sign of retracting. The company had previously announced that its corporate employees could work from home until early October.
(RTTNews) - TSMC (TSM) reported second quarter net income of NT$120.82 billion, and earnings per share of NT$4.66 (US$0.78 per ADR unit). Net income and earnings per share both rose 81.0% year-on-year. Gross margin was 53.0%, operating margin was 42.2%, and net profit margin was
(RTTNews) - Dutch brewer Heineken NV (HKHHF.PK) reported Thursday that its first-half preliminary net loss was around 150 million euros. The results will include exceptional items of around 550 million euros of impairments on tangible and intangible assets.
(RTTNews) - SSE Plc (SSE.L) announced on Thursday that it continues to target delivery of its five-year dividend plan to 2022/23, including an 80p + RPI full-year dividend for 2020/21.
(RTTNews) - GVC Holdings Plc (GMVHY.PK, GMVHF.PK) reported that its first half Group net gaming revenue declined 11% (down 10%) and Online net gaming revenue rose 19% (up 21% cc). First half EBITDA is anticipated to be in the range of 340 million pounds to 350 million pounds.
(RTTNews) - Anglo American plc (AAUKY.PK, AAL.L) reported Thursday that its second-quarter rough diamond production decreased 54 percent to 3.5 million carats from last year's 7.7 million carrats, primarily due to the Covid-19 lockdowns.
HONG KONG (Reuters Breakingviews) - China has avoided a recession, but debt problems are piling up. Output rose 3.2% year-on-year in the three months to June, following last quarter’s record contraction. Investment still looks tepid, employers are shedding jobs, and re
(RTTNews) - Swiss luxury goods group Compagnie Financiere Richemont AG (CFRUY.PK) reported Thursday that its first-quarter total sales fell 47 percent to 1.99 billion euros from 3.74 billion euros, hurt by strong impact from Covid-19 pandemic. Sales for the quarter was down by 4
(RTTNews) - European stocks are likely to open lower on Thursday as the number of new coronavirus cases and fatalities continued to mount across the United States, with Texas and Oklahoma recording new highs.