Foxconn December revenue dips, first time in 10 months Jan 11, 2019 0 312 12345 Taiwan’s Foxconn, a key Apple supplier, reported a 8 percent fall in its December revenue on Thursday, dampening its performance in 2018 amid tepid demand for electronics. Foxconn, formally known as Hon Hai Precision Industry, said in a stock exchange filing that revenue fell 8.3 percent to T$619.3 billion ($20.12 billion) in December. It is its first year-on-year monthly revenue dip since February. The revenue performance for December compared to consolidated revenue of T$675.1 billion in December last year, which then represented a 50 percent year-on-year rise. “The main reason is that the fall for consumer category products was rather big,” a company representative told reporters, explaining the reason for December’s revenue dip. Pages 12 RELATED ARTICLES Brent steadies at $61/bbl Jan 11, 2019 0 292 Investors question Amazon’s future after Bezos’ divorce news Jan 11, 2019 0 468 QSE kicks off 2019 weekly trade with a bang, gains over 300 pts Jan 11, 2019 0 522 Ford Europe to slash thousands of jobs in turnaround plan Ford said on Thursday it will cut thousands of jobs, look at plant closures and discontinue loss-making vehicle lines as part of a turnaround effort aimed at achieving a 6 percent operating margin in Europe. Ford Europe .. Wall St flat after 4-day surge as retailers, trade talks disappoint Reuters NEW YORK US stocks were little changed on Thursday after a four-day surge, as weakness in retailers due to tepid holiday season report from Macy’s Inc and concerns over progress in the US-China trade talks were .. Longer US govt shutdown will hit economy: Powell The US economy could take a clear hit from the government shutdown if it continues for a long time, Federal Reserve Chairman Jerome Powell said Thursday. While most previous shutdowns have been fairly short and have not ..