Business & Finance News
With Samsung Electronics expected to suffer its biggest annual profit drop in at least a decade, investors are counting on an expected uptick in the memory-chip market to cure the tech giant’s ills this year.
Japan on Monday said it could still press Lebanon to extradite Carlos Ghosn, after the former Nissan Motor boss skipped bail to become a fugitive in a country that normally does not extradite its nationals.
South Korean restaurant owners expressed concern on Monday over food delivery giant Delivery Hero’s proposed $4 billion acquisition of its local rival, saying the move could undermine competition and lead to higher fees.
Oil prices shot more than 2% higher on Monday, with Brent rising above $70 a barrel, after U.S. President Donald Trump issued a threat to impose sanctions on Iraq amid escalating tensions with Iran in the Middle East.
A gauge of Asian shares was toppled from an 18-month top on Monday as heightened Middle East tensions sent investors scurrying for the safety of gold, which hit a near seven-year high while oil jumped to four-month peaks.
Fugitive Malaysian financier Low Taek Jho has said he only acted as an intermediary for deals involving 1MDB, denying in an interview published on Monday that he had set the stage for the theft of billions of dollars from the Malaysian state fund.
Oil prices added to recent gains on Monday, with Brent nearly at $70 a barrel as escalating tensions in the Middle East fanned worries about disruptions to supplies.
Asian share markets ran into turbulence on Monday as a flare-up of tensions in the Middle East sent gold to its highest in almost seven years while oil flirted with four-month peaks.
Asian share markets looked to be heading into turbulence on Monday as a flare-up of tensions in the Middle East sent gold to its highest in almost seven years while oil flirted with four-month peaks.
Amazon.com Inc is generating lots of free cash flow, which it often uses to invest in growing its business, making the e-commerce retailer a good investment, weekly newspaper Barron’s said on Jan. 3.
Boeing Co and the Federal Aviation Administration (FAA) confirmed on Sunday they are reviewing a wiring issue that could potentially cause a short circuit on the grounded 737 MAX.
A Chinese trade delegation is planning to travel to Washington on Jan. 13 for the signing of the U.S.-China Phase 1 trade deal, the South China Morning Post reported on Sunday citing a source briefed on the matter.
Kuwaiti and Saudi stocks led Gulf stocks sharply lower in late afternoon trade on Sunday in the wake of a U.S. drone strike in Baghdad that killed Iran’s military commander.
Luxury German carmaker Daimler and Volvo Cars, owned by China’s Geely, are considering cooperating to cut the costs of developing combustion engines, a magazine reported on Sunday, citing unnamed company sources.
Gulf stocks fell sharply in late afternoon trade on Sunday, with Kuwaiti and Saudi stocks leading losses.
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