Q2 earnings woes pull down target prices for refineries
Flow chart
Seoul - Yonhap
Jitters over second-quarter earnings hurt by the strengthened local currency led analysts to downgrade the target prices of local refineries and autoamkers, data showed Sunday.
According to private financial information provider FnGuide, nine brokerage houses including Mirae Asset Securities Co. lowered their target prices of SK Innovation Co., the owner of the country's top refiner SK Energy Co., citing the stronger Korean won that hurt its second-quarter earnings.
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Moscow - TASS
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Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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