Business & Finance News
Asian stocks pulled away from 20-month lows on Wednesday, thanks to a rebound on Wall Street, although investors remained cautious after an October month that saw sharp downturns across global equity markets.
Samsung Electronics Co Ltd forecast weaker earnings on Wednesday as it posted record operating profit in the third quarter, meeting expectations thanks to sales of semiconductors to data centers and higher production yields.
Facebook Inc on Tuesday relieved investors by forecasting that margins would stop shrinking after 2019 as costs from scandals ease up, sending shares up despite a second-straight quarter with record-low user growth.
Asian stocks pulled away from 20-month lows to eke out small gains on Wednesday, thanks to a rebound on Wall Street though investors remained cautious after a torrid October month that saw trillions of dollars wiped out of global equity markets.
Global insurance mergers and acquisitions rose to 37 billion euros in the first six months of 2018, with a host of mega deals resulting in the highest first-half total since the financial crisis, a report by Willis Towers Watson and Mergermarket showed.
South Korean technology giant Samsung Electronics Co Ltd posted record quarterly profit on Wednesday, meeting expectations thanks to sales of semiconductors to data centers and higher production yields.
Yields on U.S. Treasury bonds were steady in light trading on Tuesday as investors held off on making big moves ahead of this week’s spate of economic data.
A landmark 11-member trade deal aimed at slashing barriers in some of Asia Pacific’s fastest growing economies will come into force at the end of December, the New Zealand government said on Wednesday.
For Hyundai, the South Korean conglomerate, North Korea has been a story of lost opportunities – and tragedy.
Barnes & Noble Inc on Tuesday filed a countersuit seeking damages from the former chief executive officer it fired in part because of claims he sexually harassed a female employee.
T-Mobile US Inc on Tuesday exceeded Wall Street’s quarterly estimates for net new phone subscribers and profit, driven by its competitive wireless plans and trade-in offers for iPhones aimed at fending off its bigger rivals.
Facebook Inc on Tuesday beat profit estimates but missed targets for growing monthly users and reported its slowest revenue growth in about six years in a quarter some investors feared would be hit harder by defections from the social media site.
A yellow excavator, forklift and other heavy equipment made by U.S. firm Caterpillar gleam outside Cuba’s annual trade fair, reflecting once-bright hopes for increased U.S.-Cuban commerce fanned by the 2014 detente between the old Cold War foes.
Chinese electric vehicle developer Faraday Future said on Tuesday its co-founder Nick Sampson has resigned, a week after the cash-starved company planned pay cuts and layoffs to reduce operational costs.
General Electric Co shareholders were dealt yet another blow on Tuesday.
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