Markets

Bitcoin fell more than 5per cent on Friday, a day after topping US$40,000 for the first time.

SHANGHAI: Global index providers MSCI and FTSE Russell said they would cut three Chinese telecom companies from their benchmarks in response to a US investment ban, crushing the share prices and widening the fallout from the US sanctions. The deletions add to the suite of firms already cut from ...

The United States on Thursday said it would hold off slapping tariffs on French cosmetics, handbags and other imports in retaliation for a digital services tax Washington says will harm U.S. tech firms, while it investigates similar taxes elsewhere.

Bitcoin fell more than 5per cent on Friday, a day after topping US$40,000 for the first time.

Micron Technology Inc on Thursday forecast second-quarter revenue above Wall Street estimates as a global shift to remote work and a recent uptick in 5G smartphone adoption drove demand for its chips.

Oil prices edged higher on Friday, hovering near 11-month highs hit the previous day, as Saudi Arabia's pledge to make voluntary cuts to its output continued to buoy the mood in the market though worries over slower fuel demand capped gains.

Hyundai Motor Co said it in was in early discussions with Apple after Korea Economic Daily TV reported that the two were in talks to cooperate on electric cars and batteries, sending Hyundai's shares surging 24per cent.

Samsung Electronics Co Ltd said on Friday its fourth quarter operating profit likely rose 26per cent as coronavirus pandemic driven remote working and TV-watching fuelled sales of chips and display panels.

Hyundai Motor Co said in was in early stage discussions with Apple Inc after the Korea Economic Daily reported that the two were in talks to cooperate on electric cars and batteries, sending its shares surging some 20per cent.

SEOUL: South Korean tech giant Samsung Electronics flagged a jump of more than a quarter in fourth-quarter operating profit on Friday (Jan 8), with working from home under the coronavirus pandemic driving demand for the devices powered by its chips. The world's biggest manufacturer of smartphones ...