Basing itself on its quarterly earnings, which beat estimates based on strong demand for its home appliances from people stuck at home due to the coronavirus-induced COVID-19 pandemic, Whirlpool Corp has forecast a 2021 profit above analysts’ expectations. Demand for… Read More ›
According to a report from Bloomberg News, U.S. buyout group Carlyle Group Inc is closing in on a deal to acquire Siemens AG’s mechanical drive arm Flender for around $2.37 billion (2 billion euros). A deal could potentially be announced later this… Read More ›
With Saudi oil giant Saudi Aramco putting its IPO valued at $1.7 trillion, below the $2 trillion mark sought by Saudi’s crown prince Mohammad bin Salman, it is set to become the world’s biggest Initial Public Offering. Aramco will not… Read More ›
While analysts’ had expected it would return some of its profits through dividends, HSBC has stuck to its strategy of share buyback. On Monday, HSBC reported its second quarter results. Its first-half pretax profits have risen by 15.9%. HSBC has… Read More ›
Nvidia’s second quarter forecasts is based on expectations of a recovery in the gaming market. The mid-end gaming segment continues to be its growth driver. Nvidia Corp has forecast its second-quarter revenues above Wall Street estimates as it expects the… Read More ›
While Bank of America Corp’s net income applicable to shareholders have risen in comparison to the previous year, they are however lower than analysts’ average expectations. Revenues, net of interest expense, were also lackluster. On Tuesday, Bank of America Corp… Read More ›
Although its second quarter profits have beaten analysts’ estimate, its profit forecast for the third quarter is well below Wall Street’s expectations. U.S. chipmaker Micron Technology Inc stated, it sees a recovery in the memory chip market in the coming… Read More ›
The bulk of the fall in industrial output in the Eurozone can be attributed to weak investment appetite for capital goods, durable consumer goods, and non-durable consumer goods. On Monday, in what amounts to a confirmation of the series of… Read More ›
While some sections of the Eurosceptics are pushing to loosen lending rules, KPMG expects that Britain’s FCA and the Prudential Regulation Authority at the Bank of England will in fact tighten and enhance rules governing finance. In a report released… Read More ›
China will require an active and dynamic support system for its fiscal and regulatory policies so that it can mitigate the challenges posed by the deepening trade war with the United States. A slowdown in China’s economy due to its… Read More ›
manageria.biz 