China Smartphone Sales Drop 14% Year-on-year In Q1 – Counterpoint Research
SHENZHEN, China (Reuters) – Smartphone sales in China fell 14% year-on-year in the first quarter to 74.2 million units, with…
2022
Samsung Elec Sees Component Shortages Persisting In H2, Solid Server Chip Demand
By Joyce Lee and Heekyong Yang SEOUL (Reuters) -Samsung Electronics Co Ltd reported a 51% rise in quarterly profit on…
Global Growth To Slow As Inflation Bites – Reuters Poll
By Hari Kishan and Jonathan Cable BENGALURU (Reuters) – The global economy will expand more slowly than predicted three months…
Fortescue Raises Annual Iron Ore Shipments Forecast On Eliwana Boost
(Reuters) – Fortescue Metals Group raised its full-year iron ore shipments forecast on Thursday, as the company ramps up output…
Archegos Founder Hwang Released On Bail After Arrest On Fraud, Racketeering Charges
By Jody Godoy (Reuters) -Archegos Capital Management founder Bill Hwang on Wednesday was released on bail after pleading not guilty…
U.S. Economy Still ‘very, Very Strong,’ Despite Likely Drop In GDP Growth-official
By Andrea Shalal WASHINGTON (Reuters) -U.S. data due out Thursday is expected to show slower economic growth in the first…
Ford loses $3.1 billion, hit by investment and chip shortage
DALLAS (AP) — Ford Motor Co. reported Wednesday that it lost $3.1 billion in the first quarter, weighed down by…
Meta Shares Surge After Facebook Ekes Out User Growth
By Nivedita Balu and Elizabeth Culliford (Reuters) -Meta Platforms Inc surprised Wall Street with a profit beat and Facebook returning…
Brazil’s Vale Announces Share Buyback Program
(Reuters) – Brazilian miner Vale SA approved a share buyback program of up to 500 million common shares to be…
CoverGirl Owner Coty To Wind Down Russia Operations
(Reuters) – Coty Inc said on Wednesday it was winding down its Russia operations after Moscow’s attack on Ukraine. Russia…