German sporting goods maker Puma raises its profit and sales guidance for 2017 after posting strong first-quarter earnings.

On the other hand, endorsements by stars like Usain Bolt and Rihanna had already helped Puma deliver strong sales growth in the fourth quarter 2016 and make a confident forecast for 2017.

Source: Euronews

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On the other hand, it is widely believed that the deficit mainly occured due to to temporary measures and tax cuts to boost the economy.

The Ministry also explained that Turkish government revenues in the first three months stood at 144.7 billion liras ($39.5 billion), marking a 9.9 percent rise year-on-year, while budget expenditures were 159.7 billion liras ($43.6 billion), with an increase of 21.3 percent compared with the same period last year.

Furthermore, in the first three months of the year, the budget gave a 3.9 billion lira ($1.09 billion) surplus when interest rate payments were excluded according to the ministry’s budget directorate general.

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

According to the data from China’s National Bureau of Statistics, China’s economy was slightly higher than the same three months in the previous year.

On the other hand, Last month China reduced its growth target for this year to 6.5% from 6.7% in 2016.

Source: BBC

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Samsung Electronics estimated on Friday its first-quarter operating profit rose 48 percent from a year earlier.

its January-March profit was likely 7,03 billion pounds won, compared with an average forecast of 9.4 trillion won from a Thomson Reuters survey.

Source: Euronews

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.