Markets

Warren Buffett's Berkshire Hathaway Inc said on Thursday it has bought another US$522 million of stock in Bank of America Corp , boosting its already large stake in the second-largest U.S. bank by assets.

Apple announced a stock split on Thursday and it may not bode well for future gains in the Dow Jones Industrial Average.

Twitter Inc, whose internal systems were breached about two weeks ago, said on Thursday the incident targeted a small number of employees through a phone "spear-phishing" attack.

Apple was the only major phone vendor to see growth in the second quarter as the global smartphone market shrank 14per cent year on year to 285 million units sold, with the coronavirus weighing on demand in major markets, research firm Canalys said.

TikTok, the popular short-form video app, has been sued by rival Triller, which accused it of infringing its patent for stitching together multiple music videos with a single audio track.

Oil prices rose on Friday, recovering further ground after touching three-week lows in the previous session, hit by a record decline in U.S. growth as the coronavirus ravaged the world's biggest economy and oil consumer.

Shares of Apple , Amazon and Facebook surged in extended trading on Thursday, with Alphabet also climbing, as quarterly reports from the Big Tech quartet added fuel to Wall Street's four-month rally.

Google's ad sales have recovered since plummeting in March during the coronavirus pandemic, parent Alphabet Inc said on Thursday, easing concerns about its first quarterly sales slide in its 16 years as a public company.

Facebook Inc beat analysts' estimates for quarterly revenue on Thursday and forecast similar growth ahead, as businesses tapped its digital ads tools despite an unprecedented boycott and the economic upheaval of the coronavirus pandemic.

SEOUL: South Korea's factory production jumped at the fastest rate in more than 11 years in June and much quicker than expected, data showed on Friday (Jul 31), adding to hopes that the worst of the COVID-19 impact has passed. Industrial production rose by a seasonally adjusted 7.2 per cent month...