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Samsung sees demand weakening from Q2 after solid Q1 results

2020-04-29 08:55:00| Telecompaper Headlines

(Telecompaper) Samsung reported first-quarter revenues up 5.6 percent year-on-year to KRW 55.33 trillion, led by demand for its memory products and premium smartphones. The company said demand started to weaken from the end of the quarter due to the spread of the Covid-19 pandemic, and it expects lower second-quarter results as demand for consumer products such as smartphones and TVs slows.

Tags: results solid samsung demand

 

BP profits dive 66% as coronavirus hits oil demand

2020-04-28 09:19:16| BBC News | Business | UK Edition

The oil giant's income falls as global demand slumps due to the pandemic.

Tags: hits oil demand profits

 
 

Executive Q&A: Canary CEO Dan Eberhart On Demand Loss, Oil Prorations

2020-04-27 11:30:00| OGI

First of all, I would say its heavy. We are really looking to try and rationalize the company and push expenses down where possible, Canary CEO Dan Eberhart said of his companys strategy of managing the deep dive in demand.

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Fresh demand for grains from China means favourable position for US pork

2020-04-24 14:41:00| ThePigSite - Industry News

The agricultural market bulls saw a glimmer of hope this week when reports started surfacing that China will increase its commitment to purchases US commodities as part of the Phase 1 trade deal.

Tags: us means china position

 

Baker Hughes Reports $10 Billion Loss, Revenue Miss, as Demand Sinks

2020-04-22 15:06:36| OGI

Oilfield firm Baker Hughes Co. reported a $10 billion loss and lower-than-expected revenue in the first quarter on April 22 as an 80% plunge in oil prices crushed demand for services and equipment.

Tags: reports loss miss demand

 

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