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SMIC reports 5% growth in first-quarter profit, missing forecast

BEIJING, May 14 (Reuters) - Semiconductor Manufacturing International Corp,China's largest contract chipmaker, on Thursday reported a 5% year-on-year increase in first-quarter profit. Profit attributable to owners of SMIC reached $197.4 million in the quarter, missing analysts' estimates of $215.2 million, according to LSEG data. Revenue rose... Read More.

Morning Bid: ‘G2’ choreography

By Mike Dolan May 14 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets U.S. President Donald Trump's two-hour meeting with China's Xi Jinping in Beijing on Thursday was full of warm words and seemed to skirt many... Read More.