Qualcomm Inc on Wednesday forecast fourth-quarter revenue largely above Wall Street expectations, powered by strong sales of more lucrative 5G devices despite a weak overall smartphone market.
REUTERS: The surge in U.S. coronavirus cases and the restrictions aimed at containing it have begun to weigh on the economic recovery, the head of the Federal Reserve said on Wednesday, pointing to an apparent pullback by consumers and a slowdown in the rehiring of furloughed workers, particularly ......
The US ambassador in Brasilia warned of "consequences" if Brazil chooses Chinese telecoms company Huawei to develop its 5G network, in an interview published Wednesday.
FRANKFURT AM MAIN: German Finance Minister Olaf Scholz on Wednesday (Jul 28) said he gave lawmakers a "detailed" explanation of everything he knew about the fraud scandal that brought down payments firm Wirecard, amid criticism that authorities missed early warning signs of trouble. Wirecard filed ...
REUTERS: The Federal Reserve on Wednesday repeated a pledge to use its "full range of tools" to support the U.S. economy and keep interest rates near zero for as long as it takes to recover from the fallout from the coronavirus outbreak, saying the economic path will depend significantly...
The Federal Reserve on Wednesday repeated a pledge to use its "full range of tools" to support the U.S. economy and keep interest rates near zero for as long as it takes to recover from the fallout from the coronavirus outbreak, saying the path of the economy will depend...
Bank of America Inc (BAC.N), the second-largest U.S. lender, has asked the Trump administration to correct data meant to offer public accountability on the recipients of US$520 billion in pandemic aid, and a group of U.S. Democratic lawmakers has written to demand action before more funds are ...
Contracts to buy U.S. previously owned homes rose to a nearly 14-1/2-year high in June, the latest indication that the housing market was weathering the COVID-19 pandemic far better than the broader economy.
When the French part of the Renault-Nissan alliance reports its results on Thursday, investors expect confirmation of a harsh reality: automakers that already had weaknesses are having them mercilessly exposed by the COVID-19 epidemic.
SINGAPORE: A consultation report released on Wednesday (Jul 29) has recommended that the SGD Singapore Interbank Offered Rates (SIBOR) be discontinued in three to four years, with a shift instead to the use of the Singapore Overnight Rate Average (SORA) as the main interest rate benchmark for SGD ...
