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Coca-Cola Co (N:KO) beat quarterly revenue expectations on Thursday as the world’s largest soda maker benefited from the partial reopening of theaters and restaurants shut for months by the COVID-19 pandemic. The beverage company, which makes about half of its revenue from sales in restaurants, theaters and other public venues, said the last quarter wasRead More
Fundamental: The dollar was up on Thursday morning in Asia, reversing losses from the previous session because the focus remains squarely on the U.S. Congress’ progress towards passing the newest information measures. The dollar index tracks that the back against a basket of different currencies edged up zero.14% to 92.763, once seeing its lowest levelRead More
SNAPCHAT: Snap stock soars after the Snapchat owner smashes profit and user-growth forecasts. The Snapchat owner’s revenues soared 52% year-on-year to $679 million, blowing past the $559 million. WE TECH SOLUTIONS:WE Tech Solutions is pleased to have been awarded the order for additionally six shipsets of its Solution One for the Shell LNG carriers withRead More
Dairy giant Danone SA (PA: DANO) is planning its biggest shake-up in recent times as it tries to turn around a losing battle for market share in the U.S. and China, its most important non-European markets. The French group said on Monday it’s restructuring itself along geographical lines, creating new regional CEOs for North America (Shane Grant)Read More
As Wall Street banks reported quarterly results this week, investors wondered about the staying power of the trading bonanza that has floated profits, offsetting problems in traditional lending businesses that have been hurt by the pandemic. Trading revenue was up 4% to 29% at the five U.S. banks with major trading operations. Otherwise, lower interestRead More
Europe’s stock markets were on course for their worst day in over three weeks on Thursday, as the tightening of measures across the Continent to bring the Covid-19 pandemic back under controlled investors to abandon hopes of a recovery in the near term. By 5:35 AM ET (0935 GMT), the benchmark Stoxx 600 was downRead More