Samsung Q1 Profit Climbs
SEOUL (dpa-AFX) - Samsung Electronics Co Ltd (SMSN.L, SSNNF.OB, SSNLF.OB) reported a profit for the first-quarter that climbed 45.06 percent from last year, reflecting strong demand for mobile devices and other technology during the pandemic. Quarterly revenue grew 18.19 percent from the prior year.
Looking ahead for the second quarter, the company expects earnings at the semiconductor business is to increase as memory market conditions improve on the back of strong server demand.
The Foundry Business has seen a full resumption of production at the Austin fab, while the System LSI Business is expected to continue to be impacted from the previous quarter s foundry disruption.
WORBLAUFEN (dpa-AFX) - Swiss telecommunication services firm Swisscom AG (SWZCF.PK, SCMWY.PK) reported that its first-quarter net profit was 638 million Swiss francs, up 61.9% from the prior-year
Indian Rupee Climbs To Near 2-week High Against U.S. Dollar
Investors reacted to the progress on vaccination drive even as COVID-19 cases continue to surge.
Around 15 countries are rushing critical emergency use equipment to help fight the deadly second wave.
The Indian rupee strengthened to near a 2-week high of 74.38 against the greenback from Tuesday s close of 74.58. The rupee is likely to find resistance around the 72.00 level.
Copyright RTT News/dpa-AFX
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Euro Climbs Ahead Of Eurozone PMI Data
Ahead of the data, the euro rose against its major rivals.
The euro was quoted at 130.09 against the yen, 1.2055 against the greenback, 0.8683 against the pound and 1.1046 against the franc at 3:55 am ET.
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