Markets

Foxconn, the world's largest contract electronics maker, posted on Tuesday a lower fourth-quarter profit that lagged expectations despite strong iPhone 12 sales and pandemic-led demand for telecommuting devices.

Samsung Electronics' U.S. chip plant at Austin, Texas has reached production close to normal levels as of last week, a company spokesman said on Tuesday.

STOCKHOLM: Swedish automaker Volvo Cars said on Tuesday (Mar 30) it would give its 40,000 employees worldwide the right to six-month paid parental leave in a bid to increase gender equality and attract talent. As of Apr 1, employees who have worked for the carmaker for at least one year...

NEW YORK: Highly leveraged Archegos Capital's downfall is the latest signal of investors' hunger for risk-taking being far from satiated even after a run that has lifted the S&P 500 index around 80per cent in a year. The impact of the hedge fund’s troubles seems to have been limited...

SINGAPORE: Lim Oon Kuin, the founder of collapsed oil trading firm Hin Leong Trading, is expected to face another 23 charges of forgery-related offences soon. The 23 charges are expected to be tendered on Apr 8, Deputy Public Prosecutor Navin Naidu told a court on Monday (Mar 29). The Attorney...

The U.S. Federal Trade Commission said in a statement it would not ask the Supreme Court to review its appeals court loss against Qualcomm Inc.

Bill Hwang’s comeback was nearly complete. Once punished by U.S. and Asian regulators for stock trading rule violations at his former hedge fund, the New York investor rebuilt his fortune to about US$10 billion. Major Wall Street banks once again competed for his business. And his charitable ...

The U.S. auto safety agency said on Monday that it will collect information about an accident involving a Tesla vehicle and a truck in New Jersey.

Nike said in the lawsuit that the company, MSCHF Product Studio Inc, infringed on and diluted its trademark with the black-and-red, devil-themed shoes.

AUCKLAND: Air New Zealand Ltd on Tuesday reported domestic business travel has returned to 90 per cent of pre-pandemic levels, bucking a downward trend in many other countries with more severe COVID-19 outbreaks. Chief Customer and Sales Officer Leanne Geraghty said the airline was "blown away" by ...