Samsung Electronics profit guidance beats expectations on one-off gains, outlook weak
Samsung Electronics Co Ltd forecast a steep plunge in its second-quarter operating profit as the U.S.-China trade war wreaks havoc in global chip and smartphone markets, although one-off gains helped it beat analyst expectations.
Crude oil prices fall as global growth fears weigh
Crude oil prices fell on Friday, pressured by concerns over the outlook for global economic growth.
Asian shares near two-month highs ahead of U.S. payrolls
Asian shares hovered near two-month highs on Friday, holding recent gains as investors awaited U.S. employment data, a key release that could make or break market expectations about aggressive policy easing by the Federal Reserve.
Samsung Electronics says second-quarter operating profit likely 56% down, beats expectations
South Korean tech giant Samsung Electronics Co Ltd on Friday said its second-quarter operating profit likely fell 56% from a year earlier, beating analyst estimates.
U.S. asks federal court to throw out Huawei lawsuit
The U.S. government filed a motion on Wednesday asking for the dismissal of a lawsuit by Chinese telecommunications giant Huawei Technologies Co Ltd that claimed the United States had acted illegally when it blacklisted Huawei’s products.
Walmart says Mexico same-store sales rise 4.7% in June
Walmart de Mexico, Mexico’s biggest retailer, said on Thursday that sales at stores open more than a year in Mexico rose 4.7% in June compared to the same month last year.
French official says ‘not aware’ of new discussions on Renault, Fiat Chrysler alliance
The head of French state holding APE said on Thursday he was “not aware” of any new discussions between Renault and Fiat Chrysler over a future alliance.
Oil prices fall on U.S. inventory data, concerns about demand
Oil prices fell in thin trade on Thursday, weighed down by data showing a smaller-than-expected draw on U.S. crude stockpiles and worries about the global economy.
Deloitte, partner fined over Serco Geografix audit failures
Deloitte and a senior partner have been fined and severely reprimanded for misconduct over the audit of Serco Geografix (SGL), an outsourcer that on Thursday formally settled a six-year criminal investigation into fraud and false accounting.
EU opens road to 5G connected cars in boost to BMW, Qualcomm
European Union states opened the way to competing technologies for internet connected cars on Thursday, rejecting a European Commission push for a wifi-based standard backed by Volkswagen .
