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RTL revenues fall over 28% in Q2, sees ad market decline slowing in Q3
2020-08-13 11:24:00| Telecompaper Headlines
(Telecompaper) European broadcaster RTL Group reported a sharp fall in second-quarter revenues, hurt by the slowdown in the advertising market during the coronavirus outbreak. Sales fell 28.3 percent year-on-year to EUR 1.186 billion. The company said it was able to offset around half the sales decline with lower costs.
Cisco quarterly revenues fall 9%, sees continued drop in October quarter
2020-08-13 08:15:00| Telecompaper Headlines
(Telecompaper) Cisco reported a slightly bigger drop in revenues in its fiscal fourth quarter to July, down 9 percent to USD 12.2 billion compared to an 8 percent fall in the previous quarter. Revenues were near the high end of its guidance. Earnings still increased 22 percent year-on-year to USD 0.62, helped by lower taxes.
Tags: october
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OPEC Trims 2020 Oil Demand, Sees Doubts About 2021 on Virus Fallout
2020-08-12 15:55:48| OGI
World oil demand will fall by 9.06 million barrels per day (MMbbl/d) this year, OPEC said in a monthly report, more than the 8.95 MMbbl/d decline expected a month ago.
Facebook founder sees wealth hit $100bn after TikTok rival launch
2020-08-07 06:07:39| BBC News | Business | UK Edition
The social media giant's shares rose on Thursday after the launch of its new TikTok rival Instagram Reels.
Magellan Midstream Sees Lower Fuel Pipeline Volumes for Rest of 2020
2020-07-31 15:39:11| OGI
Expansion projects are continuing and some have come online.
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