Strong smartphone sales raise hopes of Samsung turnaround
Strong sales of Samsung Electronics’ Galaxy Note 10 smartphone series are limiting forecast profit falls at the South Korean tech giant, raising hopes it is getting back on a growth track after years of moribund sales.
Sports brand Vans removes Hong Kong sneaker in design competition
U.S. sports brand Vans removed “a small number” of submissions in a global sneaker design competition, including one featuring a yellow umbrella and people wearing helmets and masks, as the company distanced itself from months-long protests in Hong Kon…
The end of Libor: the biggest banking challenge you’ve never heard of
On June 30, British bank NatWest sent out an arcane-sounding press release – bus operator National Express had become the first company to take out a loan based on Sonia, a replacement for scandal-hit interest rate benchmark Libor.
Factbox: The global benchmarks replacing Libor
Libor is an interest rate based on quotes from banks on how much it would cost to borrow money from each other. It is a price reference for financial contracts worth more than $300 trillion globally, from complex derivatives to home loans and credit ca…
U.S. widens blacklist to include China’s top AI startups ahead of trade talks
The U.S. government expanded its trade blacklist to include some of China’s top artificial intelligence startups, punishing Beijing for its treatment of Muslim minorities and ratcheting up tensions ahead of high-level trade talks in Washington this wee…
U.S.-China strains over Hong Kong and minority rights hinder chance of trade deal
Prospects for progress in U.S.-China trade talks dimmed on Monday after Washington blacklisted Chinese companies over Beijing’s treatment of predominantly Muslim ethnic minorities, and President Donald Trump said a quick trade deal was unlikely.
Luxury group Kering trims Puma stake with 500 million euro bond
(This September 25 story has been refiled to correct name of club to Manchester City, not Manchester United, in paragraph 5)
Oil edges higher on supply worries; eyes on trade talks
Oil prices rose on Tuesday, buoyed by overnight gains in industrial commodities, while unrest in oil-producing countries Iraq and Ecuador raised concerns of supply disruption, adding to support.
Samsung’s third-quarter profit estimate exceeds expectations on smartphone sales
Samsung Electronics flagged slightly better than expected third quarter profit on Tuesday, helped by strong sales of its new Galaxy Note 10 smartphone series even as a slump in its memory chip business continued to weigh on earnings.
China joins Asian shares in cautious advance ahead of trade talks
Asian shares inched up on Tuesday, with Chinese shares making decent gains after a week-long holiday, though investors remained cautious over U.S.-China trade talks after President Donald Trump said a quick deal was unlikely.
