China October factory activity shrinks for sixth month: official PMI
Factory activity in China shrank for the sixth straight month in October, official data showed on Thursday, pointing to further pressure on its manufacturers as they grapple with the weakest economic growth in nearly 30 years.
Samsung Electronics upbeat on chip outlook as third-quarter profit falls 56%
Samsung Electronics Co Ltd said chip sales should pick up in 2020 as it reported a 56% fall in third-quarter operating profit on Thursday, reeling from memory price declines amid a prolonged industry downturn.
Oil prices extend fall after surprise inventory build
Oil prices fell for a fourth day on Wednesday, extending losses after a surge in U.S. inventories surprised investors, overshadowing an interest rate cut by the Federal Reserve.
Asian stocks edge higher after Fed rate cut, focus shifts to BOJ
Asian shares rose on Thursday and U.S. stock futures edged higher after the U.S. Federal Reserve cut interest rates as expected to keep economic expansion on track.
Chile’s APEC cancellation raises new hurdle for U.S.-China trade deal
Leaders from the United States and China encountered a new obstacle in their struggle to end a damaging trade war on Wednesday, when the summit where they were supposed to meet was cancelled because of violent protests.
The Federal Reserve is waiting for a U.S.-China ‘Phase One’ trade deal too
U.S. trade policy and its impact on business investment, manufacturing and exports were a key factor in the Federal Reserve’s decision to cut rates, chair Jerome Powell said Wednesday.
Hong Kong’s central bank cuts interest rate after Fed move
The Hong Kong Monetary Authority (HKMA) lowered its base rate charged through the overnight discount window by 25 basis points to 2% on Thursday, hours after the U.S. Federal Reserve delivered a cut of the same size.
Samsung Electronics third quarter profit dives 56% as further chip prices declines weigh
Samsung Electronics Co Ltd reported a 56% fall in third-quarter operating profit on Thursday, reeling from chip price declines in the face of a prolonged industry downturn.
Starbucks earnings heat up on China expansion, digital and cold brews
Starbucks Corp beat Wall Street sales and revenue estimates on Wednesday, driven by new stores, digital ordering and delivery in China, and cold drinks in the United States.
Facebook sales grow as users tick up; Zuckerberg defends political ads
Facebook Inc reported an uptick in users in lucrative markets and its third straight rise in quarterly sales growth on Wednesday, but the company’s controversial political ads stole the limelight when CEO Mark Zuckerberg spoke to analysts.
