A flood of profit warnings from Chinese firms as slowdown bitesHundreds of listed Chinese companies - from hog farmers struggling to buy pig feed, to glassware makers unable to collect receivables - flagged big losses for 2018, victim to a slowing economy and Beijing's deleveraging.
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H&M blames online investment for latest profit declineSweden's H&M disappointed investors with a 10 percent tumble in quarterly profit, the world's second largest fashion retailer blaming investment aimed at boosting its online business for the decline.
from Reuters: Bu…Read More
General Electric swings to small profit in fourth quarterU.S. industrial conglomerate General Electric Co reported a $666 million profit for the fourth quarter, recovering from the $23 billion charge it took three months ago as it began restructuring under a new chief executive.
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Deutsche Bank focused on sustainable profitability: sourceDeutsche Bank is focused on getting the German lender on a path to sustainable profitability, a well-informed Deutsche Bank source told Reuters on Thursday.
from Reuters: Business News https://reut.rs/2UxMYdU
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