Asia shares extend gains as economies slowly re-open, oil rallies
Asian shares rose for a third session on the trot on Wednesday as investors took heart from easing coronavirus lockdowns in some parts of the world while oil prices jumped on hopes demand will pick up.
Samsung Elec expects second-quarter profit fall as virus hits sales of smartphones, TVs
Samsung Electronics Co Ltd said on Wednesday it expected profit to decline in the current quarter due to a coronavirus-related slump in sales of smartphones and TVs, although the chip business would remain solid.
Asia shares cautious ahead of Fed, corporate earnings
Asian shares were cautiously higher on Wednesday as investors paused ahead of the U.S. Federal Reserve’s policy decision while oil prices jumped on hopes demand will pick up as many countries lift some of the coronavirus-related restrictions.
Asia stocks inch higher after mixed U.S. corporate earnings
Asian equities made cautious gains in early trade on Wednesday following mixed U.S. corporate earnings while oil prices looked set for more wild swings as storage concerns capped optimism about easing coronavirus lockdowns.
Samsung Elec sees second-qiarter profit fall as virus hits sales of smartphones, TVs
Samsung Electronics Co Ltd said on Wednesday it expected its profit to decline in the current quarter, as strength in the chip business would be offset by a sales slump in smartphones and TVs.
Ford expects $5 billion loss in current quarter as coronavirus hits demand
Ford Motor Co said on Tuesday its second-quarter loss would more than double to over $5 billion from $2 billion in the first quarter due to the impact of the coronavirus pandemic, but added it had enough money despite the crisis to last the rest of 20…
Starbucks expects China recovery by September as coronavirus seen easing
Starbucks Corp said on Tuesday it sees sales in China, the company’s biggest growth market, recovering by the end of September, following a massive drop in same-store sales in the current quarter on fallout from the coronavirus pandemic, which forced …
Ford expects $5 billion loss in current quarter due to coronavirus impact
Ford Motor Co said on Tuesday its second-quarter loss will more than double to $5 billion from $2 billion in the first quarter due to the impact of the coronavirus pandemic, but said despite the ongoing crisis it has enough money to last for the rema…
Alphabet warns of difficult quarter as consumers Google pandemic, not shopping
Alphabet Inc on Tuesday beat analysts’ estimate for quarterly revenue as its Google unit posted double-digit advertising growth despite the economic slowdown from the novel coronavirus.
Brent settles higher on hopes of easing lockdowns, U.S. crude falls amid storage shortage
U.S. crude prices settled about 3% lower on Tuesday after data showing domestic stockpiles didn’t rise as high as had been expected given tightening storage, despite pledges to cut production from May 1.
