News

Sat, 27 Apr 2019 18:53:28 GMT

Toyota halts plan to install US connected vehicle tech

Toyota Motor stated that it abandoned plans to install DSRC technology on the US cars aimed at letting vehicles and trucks communicate to avoid collisions.

Sat, 27 Apr 2019 18:01:31 GMT

Chipotle's revenue at $1.3B in Q1

Chipotle Mexican Grill, the US chain of Mexican restaurants, reported its revenue in line with forecasts at $1.3B in the Q1 of this year, a 13.9% increase in a yearly basis.

Sat, 27 Apr 2019 18:01:05 GMT

Amazon spends $1.7B on content in first quarter

Amazon revealed in its regulatory filing that it had a $1.7B total video and music expenses over the first quarter, up from $1.5B in the same period last year.

Sat, 27 Apr 2019 16:53:23 GMT

Conch Cement's net profit jumps 27% in Q1

Leading China's cement producer Conch Cement posted a 27.3% yearly increase in the net profit for the March quarter of 2019, continuing last year's strong expansion.  

Sat, 27 Apr 2019 16:53:15 GMT

JPX revenues grow despite weak results

The JPX or Japan Exchange Group revealed in consolidated financial report that operating revenue increased year-over-year, while other key indicators did not perform well for the Group.

Sat, 27 Apr 2019 16:05:33 GMT

Total profits affected by volatile oil prices

France's energy major Total stated that its net profit in the first quarter fell 4% to $2.8B compared with the prior year amid volatile oil prices and debt costs in spite of record gas and oil output.

Sat, 27 Apr 2019 16:03:47 GMT

Sony reports music revenues drop in fiscal 2018

Sony Music's recorded that its music revenues declined 4.5% in fiscal year of 2018 to £2.96B amid lower physical sales of recorded music and the new accounting standard's impact.

Sat, 27 Apr 2019 14:54:10 GMT

Armenia's economic activity up 6.2%

Economic activity in the country of Armenia rose 6.2% month-on-month in March, while quarterly growth was seen at 6.5%, the NSS of Armenia revealed.

Sat, 27 Apr 2019 14:52:38 GMT

AirAsia carries 12.5M passengers in Q1

AirAsia Group carried 12.54M million passengers in the March quarter, up 18% from 10.65M passengers in the similar period of 2018.

Sat, 27 Apr 2019 14:30:37 GMT

EU pork shipments jump 8%

EU exports of frozen and fresh pork in the period of January and February 2019 totalled 394.4K tonnes, an 8% yearly increase, Eurostat reported.

Sat, 27 Apr 2019 14:29:48 GMT

Japanese retail sales grow 1.0% in March

Japan's retail sales increased 1.0% year-over-year in March, compared with the median projection for a 0.8% rise, government data revealed.

Sat, 27 Apr 2019 12:56:03 GMT

Intel to sale 5G modem business

Intel Corp was exploring strategic scenarios for the company's modem chip business, including a sale to acquirer, such as Apple, the WSJ reported, citing sources familiar with the matter.

Sat, 27 Apr 2019 12:53:22 GMT

China's Xi hails more than $64B worth BRI deals

President Xi Jinping touted more than $64B worth deals signed during the Chinese Belt and Road Initiative this week, as he sought to reassure sceptics that the project is likely to fuel sustainable expansion for all participants.

Sat, 27 Apr 2019 12:33:09 GMT

Putin wants Iran to continue oil exports

Vladimir Putin, the President of Russia, stated that he hoped oil exports from Iran would continue despite Washington's attempts to stop them.

Sat, 27 Apr 2019 12:31:29 GMT

Sudan signs $200M loan with AFESD

Sudan signed a $200 million loan deal from the AFESD based in Kuwait, aiming to finance development projects in the country, state news agency SUNA reported.

Sat, 27 Apr 2019 11:17:13 GMT

Mexico's exports drop 1.2% in March

Mexican exports decline 1.2% in March year-over-year, with manufacturing shipments falling 0.9% in the reported month, according to the report by the INEGI.

Sat, 27 Apr 2019 11:14:39 GMT

Daimler's Q1 profits down on weaker sales

Pre-tax profits of Daimler declined significantly around €500M to a total of €2.8B in the first quarter of the fiscal year of 2019, the German carmaker reported.

Sat, 27 Apr 2019 10:15:22 GMT

Belarus to increase export duties over oil

Belarus is set to raise export duties over oil and oil products that will be exported outside the EAEU on May 1, the government stated.

Sat, 27 Apr 2019 10:14:55 GMT

France's unemployment rate at five-year low

A total of 3.391M people in France were registered as unemployed in the Q1 of this year, the lowest level since 2014, an official report showed.

Sat, 27 Apr 2019 08:57:25 GMT

China's Yili revenues increase 17.1% in Q1

Yili Group, the Chinese dairy giant, reported revenues of nearly $3.4B in the first quarter of this year, up 17.1% on a yearly basis.

Sat, 27 Apr 2019 08:56:47 GMT

Philippines' inflation decelerates to 3.8%

The inflation in the Philippines eased further to 3.8 in the first quarter of this year from 5.9% in the Q4 of 2018, mainly due to significant decline in food prices.

Sat, 27 Apr 2019 07:53:15 GMT

South Korean passenger car export up 2.7%

South Korea's passenger car exports increased in the first quarter over solid demand from Russia and North America, customs office data revealed.

Sat, 27 Apr 2019 07:52:58 GMT

Singapore's manufacturing production down 4.8%

Singapore's EDB announced that the country's manufacturing production decreased 4.8% year-over-year in March, compared to a revised 2.6% rise in February.

Sat, 27 Apr 2019 07:31:46 GMT

US opens probe into emissions certification of Ford

The US Justice Department opened a criminal probe into Ford Motor's emissions certification process in the US, the automaker stated, adding that it cooperated fully with the investigation.

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