SAN FRANCISCO: Facebook on Wednesday (Oct 30) reported that its quarterly profit grew along with its user base as it grapples with concerns ranging from political ads to cryptocurrency. The leading social network said its profit topped US$6 billion on revenue that climbed 28 per cent to US$17.4 ...
Samsung Electronics Co Ltd reported a 56per cent fall in third-quarter operating profit on Thursday, reeling from chip price declines in the face of a prolonged industry downturn.
Labour productivity is less important than you might think. People are not a finite resource, but allowable carbon emissions are, says an expert.
NEW YORK: Apple on Wednesday (Oct 30) reported strong-than-expected profits for the past quarter, fuelled by growth in digital services and wearables that helped offset slower iPhone sales. Profit in the quarter ending in September dipped four per cent from a year ago to US$13.7 billion while ...
The U.S. Securities and Exchange Commission (SEC) on Wednesday said it was seeking feedback on whether disclosure rules were discouraging firms from issuing SEC-registered residential mortgage-backed securities (RMBS) as the Trump administration seeks to overhaul the U.S. housing finance market.
Two hackers pleaded guilty in federal court on Wednesday for a conspiracy to extract bounties from Uber Technologies Inc , LinkedIn and other corporations in exchange for promises to delete information stolen from Amazon Web Services , according to the Justice Department.
WASHINGTON: Federal Reserve Chairman Jerome Powell said on Wednesday (Oct 30) the latest interest rate cut was designed to buoy the US economy but he confirmed that the central bank is unlikely to move again unless the situation deteriorates. The FOMC lowered the policy interest rate by 25 basis ......
South Korean carrier Air Premia announced on Wednesday a provisional deal to buy five Boeing 787-9 Dreamliner jets worth US$1.4 billion at list prices, becoming the latest new airline to enter the highly competitive low-cost, long-haul market.
Alibaba Group Holding Ltd is eyeing a listing in Hong Kong as early as November to raise up to US$15 billion, after political unrest in the Asian financial hub put the move on ice earlier this year, people familiar with the matter said on Wednesday.
WASHINGTON: The US Justice Department is close to a deal with fugitive financier Jho Low to recover almost a billion dollars that was misappropriated from Malaysian investment fund 1MDB, Bloomberg reported on Wednesday (Oct 30), citing a source familiar with the matter. Low faces charges in the ...
