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Oil Rescues Big Investment Banks Commodities Profits

2020-06-02 11:10:00| OGI

The world's 12 biggest investment banks cashed in on commodity price volatility caused by the coronavirus in the first quarter, with big increases in income from oil offsetting a tumble in precious metals.

Tags: big investment oil banks

 

Thailand's CP Foods says it expects record profits after soaring pork prices in 2020

2020-05-15 11:56:00| ThePigSite - Industry News

Thailand's largest agribusiness Charoen Pokphand Foods Pcl (CPF) expects to have its best year ever due to soaring pork prices and plans to expand in North America, its chief executive said on Thursday (14 May).

Tags: in record prices foods

 
 

Puma sees Q1 profits dive by 62%

2020-05-07 14:04:00| Daily apparel & textile news and comment - from just-style.com

Puma has booked a 61.6% plunge in first-quarter profits as sales were "heavily impacted" by Covid-19.

Tags: sees profits dive puma

 

Chevron Says Profits Jump on Asset Sales, Cuts 2020 Spending Plans Again

2020-05-01 15:21:38| OGI

Chevron Corp. on May 1 delivered a year-over-year 38% increase in profits and slashed its capital spending plans by another $2 billion as the coronavirus pandemic guts global demand for oil and gas.

Tags: sales jump plans spending

 

Qualcomm quarterly profits fall short of target, sees bigger drop in Q3

2020-04-30 08:05:00| Telecompaper Headlines

(Telecompaper) Qualcomm reported net earnings for its fiscal second quarter to March down 25 percent year-on-year to USD 0.41 per share. The company said demand for mobile handsets was 21 percent below its forecast due to the impact of the Covid-19 pandemic. The chipmaker expects an even bigger shortfall of 30 percent in the third quarter to June. 

Tags: short fall target drop

 

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