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PARIS (Reuters) - Plastic Omnium reported on Wednesday a drop of more than 14% in its third-quarter sales as the French car parts maker reduces costs to blunt the blow of customers' cuts in output over component shortages.
KUALA LUMPUR: Shares of Unisem (M) Bhd dropped marginally as the company reported a 21% dip in net profit for the third quarter ended Sept 30.
(Reuters) -Texas Instruments Inc forecast tepid quarterly revenue and missed market expectations for the third quarter on Tuesday, as the chipmaker struggles with supply chain constraints in the semiconductor industry, sending its shares down 3.8%.
NEW YORK: Asian electric vehicle (EV)-related stocks jumped yesterday after a blockbuster order for Tesla Inc and a spinoff at BYD Co stoked optimism about the sector a day before battery giant Contemporary Amperex Technology Co reports earnings.
KUALA LUMPUR: Unisem (M) Bhd posted a 20.63% lower net profit of RM40.27mil in the third quarter ended Sept 30, 2021, as compared to RM50.74mil in the previous corresponding quarter on the back of lower revenue at its Ipoh operations.
(Reuters) -Logitech International SA shares plunged 6% on Tuesday after the computer peripherals maker reported a steep fall in operating profit and said it was facing "unprecedented" supply chain problems.
PETALING JAYA: Although the government is in a tight fiscal position, higher collection of commodity-related revenues and new sources of income would enable it to fund an expansionary budget to support recovery efforts next year.
DETROIT (Reuters) - General Motors Co and Ford Motor Co are likely to show investors both the positive and negative financial impacts of the global semiconductor chip shortage when the U.S. automakers report third-quarter results on Wednesday.
Vietnam's biggest conglomerate Vingroup will start construction on a US$387 million battery cell plant for its auto arm VinFast electric vehicles (EVs) in central province of Ha Tinh this year, local authorities have announced.