Samsung slashes capex, calls an end to chip boom after record third quarter
Samsung Electronics Co Ltd slashed 2018 capex by more than a quarter on Wednesday and warned of lower profit until early next year, calling an end to a two-year boom in memory chips that fueled record third-quarter profit.
Asia stocks crawl up after a merciless October for global equities
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 posts record third-quarter profit but warns of weaker earnings ahead
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 expects rising costs to combat scandals to moderate after 2019
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.
Asia stocks tentative after a merciless October for global equities
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 first-half M&A value hits highest level since financial crisis
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 showe…
Chip growth delivers Samsung Electronics record third-quarter profit
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 steady, volume low with spate of data ahead
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.
Pacific trade pact to start at end-2018 after six members ratify
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.
Barnes & Noble countersues ex-CEO it fired after alleged harassment
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.
