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HSBC's first-half net income more than doubles, and the bank announces a $2 billion share buyback.
In the six months ended in June, HSBC's net income more than doubled from $9 billion to $18.1 billion, a significant increase compared to the same period a year prior.
The bank's profit before taxes increased by 147% year-over-year, from $8.78 billion in the first half of 2022 t...
Why the weak outlook for Home Depot could be a warning sign for Target's profit.
Home Depot and Target may sell a lot of different things. But the cheap chic store's cut forecast from the home repair store could be seen as a warning sign.
On Tuesday, Home Depot had its worst sales miss in more than 20 years and lowered its forecast for the year. On Wednesday, Ta...
What's behind oil companies' advocacy for climate change technology
The oil industry appears to be doing well by most accounts. The demand for oil and gas is still very strong, and the industry made remarkable profits last year. But the industry is also feeling the heat to solve the climate crisis, and it wants a piece of the federal government's massive pie ...
India will profit from the decoupling of the United States and China, Gautam Adani said at the Davos Economic Summit
Billionaire Gautam Adani said in Davos that the decoupling of trading superpowers the United States and China presents a massive opportunity for India to become a major player in the global supply chain. The world is experiencing the "Great Fracture," according to a blog post written by...
CHINA'S FUTURES MARKET ROSE IN APRIL; TRUST ASSETS SHRANK IN Q1
Highlights –
- China's futures market rose in April; trust assets shrank in Q1.
- Net profits and operating revenue posted double-digit growth in April.
- China’s total trust assets reached 20.38 trillion yuan at the end of the fi...
JAPAN’S CORPORATE PROFITS GAIN 26.0% IN JAN-MARCH PERIOD
Highlights –
- Japan’s corporate profits gain 26.0% in Jan-March period.
- Strong recovery by the manufacturing sector led to the gains.
- The manufacturing sector posted a 63.2 percent expansion in pretax profits.
- Corporat...
SK INNOVATION SEES NET LOSS OF $325.3 MILLION IN Q1 2021
Highlights –
- SK Innovation sees net loss of $325.3 million in Q1 2021.
- The company’s operating profit was recorded 502.6 billion won.
- The company’s sales fell 16.4 percent on-year to 9.2 trillion won.
- On the Seo...
LG UPLUS’ NET PROFIT ROSE 35 PERCENT IN Q1 2021
Highlights –
- LG Uplus’ net profit rose 35 percent in Q1 2021.
- The mobile carrier company’s operating profit increased 25.4 percent to 275.6 billion won.
- Sales from its wireless service business grew 5.4 percent on-year.
SUBARU CORP. REDUCES GLOBAL PRODUCTION OVER CHIP SHORTAGE
Highlights –
- Subaru Corp. reduces global production over chip shortage.
- In Q1 2021 the automaker globally produced 61,000 vehicles.
- The car-making company is aiming to sell 1 million vehicles in fiscal 2021.
- Subaru's ne...
PANASONIC CORP. EXPECTS NET PROFIT TO INCREASE BY $1.9 BILLION
Highlights –
- Panasonic Corp. expects net profit to increase by $1.9 billion.
- In fiscal 2021, the company sales are forecasted to increase 4.5 percent to 7 trillion yen.
- The automotive segment is expected to turn an operating profit of...
S. KOREAN LOTTE SHOPPING CO. SEES NET LOSS OF $36.5 MILLION IN Q1
Highlights –
- S. Korean Lotte Shopping Co. sees net loss of $36.5 million in Q1.
- The company’s Q1 net losses narrowed from a year earlier on recovering sales.
- The company’s operating income rose 18.5 percent to 61.8 billion...
HYBE CO. SAW AN INCREASE IN NET PROFIT IN Q1 BY 11.3% ON YEAR
Highlights –
- Hybe Co. saw an increase in net profit in Q1 by 11.3% on year.
- Hybe Co. saw an increase due to strong sales of merchandise.
- The company’s operating profit in Q1 rose 9 percent on-year to 21.7 billion won.
ANA RECORDED A NET LOSS OF $3.7 BILLION IN FY 2020
Highlights –
- ANA recorded a net loss of $3.7 billion in FY 2020.
- The loss was attributed to slump in travel demand hurt by the pandemic.
- ANA Holdings expects a net profit of 3.5 billion yen in FY 2021.
- ANA recorded domestic...
SAMSUNG BIOLOGICS SAW ITS Q1 NET PROFIT TO RISE BY 66.4%
Highlights –
- Samsung Biologics saw its Q1 net profit to rise by 66.4%.
- During January-April period the company’s net profit reached US$54.8 million.
- In the same period its operating profit rose 74.3 billion won.
- On We...
LG CHEM’S NET PROFIT INCREASED TO $1.2 BILLION IN Q1
Highlights –
- LG Chem’s net profit increased to $1.2 billion in Q1.
- In Q1 the company’s operating profit jumped 584 percent on-year to 1.4 trillion won.
- LG Energy Solution Ltd. reported 4.2 trillion won in sales and 341.2 b...
CHINA’S INDUSTRIAL FIRMS MAINTAIN EXPANSION OF ITS BUSINESS IN Q1 2021
Highlights –
- China’s industrial firms maintain expansion of its business in Q1 2021.
- Major industrial firms raked in 1.83 trillion yuan in combined profits.
- In March profits of major industrial firms jumped 92.3% year on year to...
POSCO SAW A RECORD INCREASE IN NET PROFIT BY 162% IN Q1
Highlights –
- POSCO saw a record increase in net profit by 162% in Q1.
- Net profit for the three months that ended in March soared to US$1.02 billion.
- The company’s operating profit in Q1 rose 1.55 trillion won.
- POSCO r...
HYUNDAI MOTOR’S NET PROFIT FOR Q1 ROSE TO $1.36 BILLION
Highlights –
- Hyundai Motor’s net profit for Q1 rose to $1.36 billion.
- The result is said to have exceeded the median forecast of 1.32 trillion won.
- Hyundai plans to focus on promoting the IONIQ 5 all-electric model.
- I...
HYUNDAI, KIA ESTIMATES COMBINED Q1 NET PROFIT TO RISE
Highlights –
- Hyundai, KIA estimates combined Q1 net profit to rise.
- The two carmakers estimate solid earnings over robust sales of SUV and high-end models.
- Hyundai expects a net profit of US$1.18 billion in the first quarter. <...
SAMSUNG ELECTRONICS FORECASTS OPERATING PROFIT OF $8.3 BILLION IN Q1
Highlights –
- Samsung Electronics forecasts operating profit of $8.3 billion in Q1.
- Samsung projected its sales at 65 trillion won in the January-March period.
- Samsung projects its chip business to log an operating income below 4 trill...