Markets

WASHINGTON/SHANGHAI: Taiwan's UMC has pleaded guilty to trade secret theft in the United States and will pay a US$60 million fine in a case where it was accused of helping a Chinese state-owned chipmaker steal secrets from Micron Technology Inc. The fine is the second-largest ever in a criminal...

Standard Chartered booked a smaller-than-expected 40per cent slide in quarterly profit as the lender lowered its loan loss expectations linked to the coronavirus pandemic, also saying client demand was likely to increase next year.

Airbus said on Thursday it expected to reach cash breakeven in the fourth quarter, giving investors the first glimpse of future performance since the start of the coronavirus crisis after halting the bleeding of cash in the third quarter.

When banks were flooded with loan requests from businesses struggling with the fallout of the coronavirus pandemic, hastily built robots helped several lenders cope with the deluge.

HONG KONG digital wealth management solutions provider Quantifeed has raised an undisclosed amount of funding from its Series B+ round led by global asset manager Franklin Templeton.

Samsung Electronics Co Ltd said on Thursday it expects fourth-quarter profit to fall due to weak server chip demand and rising smartphone competition, after posting its best quarterly operating profit in two years in the third quarter.

Microsoft Corp said on Wednesday that it detected and attempted to stop a series of cyberattacks from Phosphorus, which the company described as an 'Iranian actor', with the attacks aimed to target over 100 high-profile individuals.

Samsung Electronics Co Ltd said on Thursday it expects profits to fall in the current quarter after posting its highest operating profit in two years for the third quarter.

Democrat Joe Biden would immediately consult with America’s main allies before deciding on the future of US tariffs on China, seeking “collective leverage” to strengthen his hand against Beijing if he is elected president, Biden top advisers said on Wednesday.

Too few companies specify their prospective financial hit from climate change under a voluntary global disclosure code that needs wider backing from asset managers and others to be fully effective, a global regulatory body said on Thursday.