Exponential August 9th, 2015
In this issue: Silicon Valley's Mobile bet wins big; Why Nikkei is buying the FT and we ask at 50 is Singapore the world's greatest city state? What does the CFA do beyond the exam?
In this issue: Silicon Valley's Mobile bet wins big; Why Nikkei is buying the FT and we ask at 50 is Singapore the world's greatest city state? What does the CFA do beyond the exam?
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Winners and LosersGood Week For: Sony and selfiesAfter making losses in six of the past seven years,Sony is back in the black. Executives expect atripling in profits in the April-June quarter with netincome rising to $665 million. The results werelargely due to strong sales of videogame consolesand smartphone image sensors.Bad Week For: AudiAudi AG, the world’s second-biggest luxury carmaker, has downgraded its global annual salesforecasts. Slowing demand in China which is Audi’slargest regional market is largely responsible. Bycontrast, Mercedes-Benz has recorded a Chinesesales surge of 39%.Good Week For: RBS and the British taxpayerThe Royal Bank of Scotland, whose pre-crashaggression almost brought the historic bankinggroup to its knees, has posted a surprise profit. Thegroup which is now partly owned by the UKgovernment announced a net profit of $460million in the second quarter.Bad Week For: Shell workersIn the face of a downturn in oil prices, Royal DutchShell PLC is cutting 6,5000 jobs this year and plansto slash capital investment by $7 billion. Shellreported a 38% decline in adjusted profits for thesecond quarter.4 +1 (212) 548 4548 www.skillbridge.co
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