Bhinneka News Online: Reuters Before the Bell: Samsung Electronics profit guidance beats expectations on one-off gains, outlook weak

Friday, 5 July 2019

Reuters Before the Bell: Samsung Electronics profit guidance beats expectations on one-off gains, outlook weak

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Friday, July 5, 2019

Samsung Electronics profit guidance beats expectations on one-off gains, outlook weak

Samsung Electronics Co Ltd forecast a steep plunge in its second-quarter operating profit as the U.S.-China trade war wreaks havoc in global chip and smartphone markets, although one-off gains helped it beat analyst expectations.

Futures slightly lower before jobs data

U.S. stock futures edged lower, on Friday, as investors awaited the monthly jobs data, which could offer clues on the Federal Reserve's move on interest rates.

BMW seeks new CEO after Krueger announces 2020 retirement

BMW will seek to appoint a chief executive later this month after Harald Krueger said he did not want to extend his contract, pre-empting deliberations about whether to give him another five-year term at the helm.

Zipse to succeed Krueger as BMW boss: FAZ

BMW's production chief Oliver Zipse is to become the next chief executive of the German carmaker after Harald Krueger's announcement that he was stepping down, the Frankfurter Allgemeine newspaper reported on Friday, citing people within the company as its source.

First companies will debut on Shanghai's STAR Market on July 22

The first batch of companies will start trading on the STAR Market on July 22, the Shanghai Stock Exchange said on Friday.

GM, Ford quarterly China sales slide again amid economy woes

General Motors Co and Ford Motor Co announced their quarterly sales in China fell, albeit at a slower pace sequentially, as the U.S. automakers were hit by a slowing economy amid the Sino-U.S. trade war.

Deutsche Bank plans separate 'corporate bank' unit as part of overhaul: sources

Deutsche Bank is planning to create a separate "corporate bank" unit that will seek to streamline services currently spread throughout the bank, two people familiar with the matter said on Friday.

Wells Fargo fined in Ireland over reporting breaches

Wells Fargo & Co's Irish subsidiary was fined 5.9 million euros on Friday for a prolonged series of regulatory reporting breaches, the second largest fine ever handed down by Ireland's Central Bank.

Brent crude inches up, U.S. oil falls on weak economic data

U.S. benchmark crude prices fell on weak economic indicators on Friday while Brent oil ticked higher, supported by tensions over Iran and this week's decision by OPEC and its allies to extend a supply cut deal until next year.

UK competition regulator puts brake on Amazon's Deliveroo investment

Britain's competition regulator has stepped in to pause Amazon's investment in online food delivery group Deliveroo while it considers launching a full investigation.