Business Maverick: Canon Plunges Most in Eight Years After First Quarterly Loss

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 84%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

Canon Inc. slid to a two-decade low after reporting its first quarterly loss, as the Japanese icon struggled with potentially the worst global downturn since the Great Depression.

Its shares slid as much as 11.5%, the biggest decline on an intraday basis since July 2012. The Japanese maker of printers and scanners on Tuesday warned that the pandemic had dampened demand for printers and cameras more than anticipated, forcing it to slash its interim dividend. It also forecast an annual profit of 45 billion yen , missing the lowest of analysts’ estimates.

into areas such as diagnostic imaging equipment. After a decade of share price decline, it’s now grappling with the uncertainty of Covid-19 as corporations around the world tighten their belts.Diminished order flow for cameras and office printers remains a key challenge due to the threat of a collapse in corporate and consumer spending, and slow office reopenings in many countries.

Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 3. in RU
 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Business Maverick: Business sees long and hard road for SA’s economic recoveryBusiness for SA has warned that the country’s economic recovery could take two years or longer because the economy was already weak at the start of 2020 and before the highly contagious virus was imported.
Источник: dailymaverick - 🏆 3. / 84 Прочитайте больше »

Business Maverick: Stocks Mixed Before Fed; Treasuries Keep Advance: Markets WrapAsian stocks struggled for a clear direction as investors awaited the conclusion of the Federal Reserve’s policy meeting. Treasuries held overnight gains and the dollar steadied.
Источник: dailymaverick - 🏆 3. / 84 Прочитайте больше »

BUSINESS MAVERICK ANALYSIS: Dollar’s diminishing safe-haven status is a benefit to emerging marketsInvestors have been rushing to the sanctuary of gold and alternative safe-haven currencies instead of the dollar, which reached a 22-year low. Low US bond yields, political uncertainty ahead of the elections and concern about the difficulties the US is having in getting the pandemic under control are all weighing on the greenback.
Источник: dailymaverick - 🏆 3. / 84 Прочитайте больше »

BUSINESS MAVERICK: Life after the pandemic: Kumba approves R7bn mine expansion projectEven amid the Covid-19 pandemic and global economic turbulence, companies are allocating capital to expansion projects. Kumba Iron Ore, a unit of Anglo American, has announced approval of funding for its R7-billion Kapstevel South project at the Kolomela mine in the Northern Cape province. This underscores Anglo’s commitment to South Africa.
Источник: dailymaverick - 🏆 3. / 84 Прочитайте больше »