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Hess Posts Smaller-Than-Expected Loss on Higher Output, Lower Costs

2020-07-29 15:53:53| OGI

U.S. oil and gas producer Hess Corp. reported a smaller-than-expected quarterly loss on July 29, as higher output and lower costs helped offset a plunge in oil prices due to the coronavirus crisis, sending its shares 3% higher.

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Emirates covers Covid-19 medical and funeral costs

2020-07-28 05:55:28| BBC News | Business | UK Edition

The world's biggest long-haul carrier is making the offer to get people flying again.

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Microsoft growth continues with Q4 sales up 13%, net profit falls on store closure costs

2020-07-23 08:50:00| Telecompaper Headlines

(Telecompaper) Microsoft reported another quarter of double-digit revenue growth, led by demand for its cloud services. Revenues rose 13 percent year-on-year to USD 38.0 billion in its fiscal fourth quarter to June, and operating profit was up 8 percent to USD 13.4 billion. Net profit fell 15 percent to USD 11.2 billion or USD 1.46 per share, due to a one-time charge of USD 450 million to shut down its shops and a large tax benefit in the year-earlier period. 

Tags: net sales store costs

 

China Textile & Clothing Production Costs (Country Report)

2020-07-20 13:10:40| EmergingTextiles.com

China's economy has rebounded in the second quarter of the year, after plunging over the Covid-19 outbreak. Retail sales are not rising, however, including at apparel stores, whereas clothing exports have stayed heavily depressed until May. Prices have fallen more significantly at textile factory gates in June, as a result. Our statistical report offers a comprehensive view of production costs and consumer prices in China, including in the textile and clothing sectors. Labor costs in major provinces are also being followed.

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Australia, New Zealand confirm pregnancy warnings as alcohol industry decries costs

2020-07-17 12:26:00| Daily beverage news and comment - from just-drinks.com

Alcohol producers in Australia and New Zealand will have to display pregnancy health warning labels on their products, despite industry warnings the move will incur unnecessary financial costs.

Tags: industry costs australia confirm

 

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