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Qualcomm optimistic on 5G, connected device sales as supply bottlenecks ease

Qualcomm on Wednesday (Jul 28) predicted a rise in sales of chips for 5G phones, including Apple's iPhone, as the company said it had mitigated supply shortfalls that have contributed to a global chip shortage.

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OPEC+ or minus? Oil supply cut numbers puzzle markets

Days after OPEC+ reached a record deal to cut oil output in an attempt to shore up a market reeling from the coronavirus crisis, their calculations are in question.

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Construction demand hit 5-year high in 2019; to remain strong in 2020, medium term

SINGAPORE: Despite the economic headwind and global uncertainties, construction demand in Singapore is expected to remain strong this year, said Minister for State for National Development and Manpower Zaqy Mohamad on Wednesday (Jan 8). This follows a record year for the construction sector ...

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Morning Bid: Investors take breather, FX plots thicken

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Exclusive: Telefonica explores 5 billion euro fibre expansion in Germany – sources

Spain's Telefonica is in the final stages of negotiating a roughly 5 billion euros (US$5.9 billion) deal to build a fibre-optic network in Germany, people close to the matter said.

Markets

Nike profit up, but revenue falls short of expectations as congested US ports delayed shipments

Nike Inc fell short of Wall Street estimates for third-quarter revenue on Thursday, as higher online demand failed to make up for a slump in sales at brick-and-mortar stores during the COVID-19 pandemic.

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