In a statement the LATAM Airlines Group said it sees an increase in demand from South Americans wanting to travel to the US to get vaccinated against the coronavirus. “The past few weeks we have seen an increase in that… Read More ›
Q1
FDI in Mexico touched $18 Billion in Q1, despite slowdown induced by Wuhan Coronavirus
In a significant development that underscores a relocation of supply chain to North America, preliminary figures published by Mexio’s Economy Minister stated, during the first half of 2020, Foreign direct investment (FDI) in Mexico touched $17.97 billion. Although, the figure… Read More ›
Apple to reopen 25 U.S. stores this week
Continuing the gradual processing of re-opening its stores, late on Sunday Apple Inc said, it plans on reopening more than 25 of its branded stores in the United States later this week, in a development that will see Cupertino open… Read More ›
Novartis Q1 sales, core operating profit and net profit meets 2020 targets
Profits and first quarter sales of Swiss drugmaker Novartis have met their 2020 targets following sales at its generics unit continuing through the coronavirus lockdown without disruptions its business. Novartis’ core net income rose to $3.55 billion, up from $2.8… Read More ›
Chinese airlines report $4.8 billion loss in first quarter
On Wednesday, China’s aviation regulator reported, Chinese airlines have reported a total loss of $4.8 billion (33.62 billion yuan) during the first quarter with the coronavirus pandemic having a deep impact on travel demand. In February，Chinese airlines suffered a record… Read More ›
‘Made in Germany’ aerospace and mechanical engineering contracts touch 5 1/2 year high
On Friday, as per a report from Germany’s Federal Statistics Office, industrial orders from Germany surged on bumper aerospace and mechanical engineering bookings, giving the manufacturing sector a big boost at the start of a quarter even as the global… Read More ›
Thailand’s exports to China affected by coronavirus, to lose $65M in Q1
On Tuesday, a Thai shipping association said, Bangkok could lose as much as $64.6 million (2 billion baht) in exports to China in the first quarter due to the outbreak of the coronavirus; this is yet another example of the… Read More ›
Harley Davidson’s Q1 reports surges past analysts’ forecast
Harley Davidson’s earnings per share excluding items for the first quarter was 98 cents against the average analyst forecast of 65 cents per share. Harley Davidson has stuck to its full year forecast. On Tuesday, Harley-Davidson Inc reported that its… Read More ›
Australia’s TPG to writedown $163 million
TPG does not expect the writedown to impact its full-year earnings forecast. It is slated to report its Q1 earnings on March 19. Following a ban on the usage of equipment from Huawei Technologies Co Ltd, Australia’s TPG Telecom Ltd… Read More ›
French supermarket retailer Casino to divest assets worth $567 million
The move is part of Casino’s debt-financing strategy. On Monday, Casino, a French supermarket retailer, stated it is in the process of divesting assets so as to slash its debts. It aims to sell 26 of its brick-and-mortar stores in… Read More ›
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