Samsung Elec first-quarter working revenue rises 46% on robust cellphone, TV gross sales By Reuters
© Reuters. FILE PHOTO: The brand of Samsung Electronics is seen on a dish washer at its retailer in Seoul
SEOUL (Reuters) – Samsung Electronics (OTC:) Co Ltd reported a 46% rise in first-quarter revenue on Thursday from brisk gross sales of smartphones and TVs, regardless of a fall in chip earnings after a storm-related reduce in U.S. output and the prices of a manufacturing ramp-up.
Working revenue rose to 9.4 trillion received ($8.48 billion) for the quarter ended March from 6.45 trillion received a 12 months earlier, the world’s high maker of reminiscence chips stated. That was barely increased than the corporate’s estimate of 9.3 trillion received earlier this month.
($1 = 1,108.9800 received)
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U.S. lawmakers urge EPA to reinstate California vehicle emissions authority By Reuters
© Reuters. FILE PHOTO: Signage is seen at the headquarters of the United States Environmental Protection Agency (EPA) in Washington,…
China’s Yuan, Bonds Tank in Tandem Amid Fears on Foreign Selloff
(Bloomberg) — China’s government bonds and the yuan slid in tandem, amid speculation that overseas hedge funds have stepped up…