News Formal

Deere trims earnings forecast on trade war woes - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABC News Online
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

Deere trims earnings forecast on trade war woes via SABCNewsOnline

On Friday, the company said it was reviewing its cost structure and initiating a series of measures to remain profitable.

Deere’s shares were down 2% in premarket trade. China is one of the biggest export markets for US farmers. US shipments to China of soybeans, the country’s most valuable farm export, sank to a 16-year low last year as Beijing mostly shifted purchases to Brazil, leaving American farmers with surplus. Sales in the region were earlier projected to be flat to up 5% earlier. In response to weak equipment demand, in May, Deere had announced a 20% production cut at its factories in Illinois and Iowa.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 32. in RU

Россия Последние новости, Россия Последние новости

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

Retail sales record ‘moderate recovery’ - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Retail sales have recorded what economists are calling a moderate recovery.
Источник: SABC News Online - 🏆 32. / 51 Прочитайте больше »

SA commemorates Marikana tragedy - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.
Источник: SABC News Online - 🏆 32. / 51 Прочитайте больше »

Remembering Marikana Archives - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.
Источник: SABC News Online - 🏆 32. / 51 Прочитайте больше »

SA businesses urged to invest in Tanzania - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Tanzanian President John Magufuli has invited more South African businesses to invest in his country
Источник: SABC News Online - 🏆 32. / 51 Прочитайте больше »