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Oil price slips below $65 over signs of shale oil production recovery in US
2015-05-11 01:00:00| Offshore Technology
Oil price fell below $65 a barrel on Monday amidst fresh oversupply concerns with some US shale oil operators looking to resume production.
Tags: in
us
price
production
Samsung Q1 profit slips despite higher smartphone shipments
2015-04-29 09:12:00| Telecompaper Headlines
(Telecompaper) Samsung Electronics said revenues for the first quarter fell to KRW 47.12 trillion from 53.68 trillion the year before, with the operating profit sliding to KRW 18.16 trillion from 21.63 trillion and the net profit going lower to KRW 4.63 trillion from 7.57 trillion. Revenues went down to KRW 10.26 trillion from 11.32 trillion for Consumer Electronics (CE) and to KRW 25.89 trillion from 32.44 trillion at IT & mobile communications (IM). At Display Panel (DS), revenues lifted to KRW 17.10 trillion from 15.56 trillion. Samsung said smartphone shipments increased quarter-on-quarter, led by mid to low end products although its average selling price (ASP) declined. Network revenue declined from Q4 due to decreased investment in LTE network by overseas carriers. Looking forward, Samsung expects smartphone and tablet demand to stagnate in the second quarter due to continued weak seasonality. Profit should improve on the back of increased high-end sales, although marketing expenses will also increase. For the full year, product and marketing competition will increase amid a slowdoan of smartphone growth. Samsung added that demand might weaken due to negative forex effects.
Tags: higher
samsung
profit
smartphone
Wall Street slips on mixed bag of earnings
2015-04-23 06:21:14| Beverages - Topix.net
U.S. stocks slipped in choppy trading on Wednesday with traders focusing on earnings, as declines including in Boeing and Chipotle outweighed gains in McDonald's and Coca-Cola. ) fell 7.6 percent to $639.98 a day after it reported the slowest same-restaurant sales growth in five quarters.
Sales, volumes rise for Heineken in Q1 but Africa growth slips
2015-04-22 12:19:00| Daily beverage news and comment - from just-drinks.com
Heineken has reported a lift in both sales and volumes for its first quarter, despite a "subdued" performance from its Africa Middle East division.
Tags: sales
growth
africa
rise
Brent crude slips below $64 per barrel
2015-04-17 01:00:00| Offshore Technology
The price of Brent crude has slipped below $64 per barrel on signs of surging crude supplies from OPEC members, which negated the indications of a slowdown in US output, and conflict in the Middle East.
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