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 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.
Oil prices rose on Thursday as investors banked on more economic stimulus by China after weak PMI data, partly recovering from losses in the previous session on a surprise build in U.S. crude stocks.
Toshiba Corp said on Thursday it filed a lawsuit against a former employee of a U.S. unit for conspiring with a contractor and defrauding the Japanese industrial conglomerate.
The head of Hong Kong's central bank called on the public to manage financial risks prudently on Thursday, as the local economy faces its first recession in a decade.
Factory activity in China shrank for the sixth straight month in October and by more than expected, pointing to further pressure on its manufacturers as they grapple with the weakest economic growth in nearly 30 years.
Fugitive financier Jho Low is ready to address issues related to the 1MDB scandal in Malaysia or elsewhere, a spokesman from the Wells Haslem Mayhew Strategic Public Affairs agency who handles press matters on behalf of Low said on Thursday.
Samsung Electronics Co Ltd said chip sales should pick up next year after it reported on Thursday that third-quarter operating profit more than halved due to low prices of memory chips amid a prolonged industry downturn.
The U.S. Justice Department on Wednesday reached its biggest civil forfeiture deal in agreeing to recover almost $1 billion in funds Malaysian financier Jho Low and his family had allegedly misappropriated from Malaysian state fund 1MDB.
Oil prices fell on Wednesday as a possible delay in resolving the U.S.-China trade war overshadowed a drop in U.S. crude inventories.
U.S. President Donald Trump's demand that Beijing commit to big purchases of American farm products has become a major sticking point in talks to end the Sino-U.S. trade war, according to several people briefed on the negotiations.
Amazon.com Inc has invested around 45 billion rupees ($634.20 million) into its Indian subsidiaries as the Seattle-based e-commerce giant ramps up operations in one of its fastest growing markets.
Huawei Technologies lifted its share of China's smartphone market to a record 42%, with third-quarter shipments rising by two-thirds as domestic consumers rallied behind it after U.S. sanctions, data released on Wednesday showed.
The U.S. economy likely slowed further in the third quarter, held back by a moderation in consumer spending and declining business investment, which could spur the Federal Reserve to cut interest rates again to keep the expansion on course.
When Federal Reserve officials conclude their two-day policy meeting on Wednesday, they may at last have succeeded in divorcing the actions they take in managing the U.S. central bank's massive balance sheet from interest rate decisions.