Markets

SEOUL: Samsung Electronics Co Ltd's third-quarter profit likely jumped 58per cent to its highest in two years, beating analyst estimates as U.S. restrictions on China's Huawei boosted the South Korean tech giant's phone and chip sales. U.S. action against Huawei Technologies Co Ltd has dampened ...

Wireless carrier SoftBank Corp is "considering its carrier fees seriously", a spokesman said on Thursday, in response to a report that Japanese carriers would cut prices following pressure from new Prime Minister Yoshihide Suga.

The United States is considering restrictions on China's Ant Group as well as Tencent Holdings Ltd over concerns their digital payment platforms threaten national security, Bloomberg News reported on Wednesday.

Facebook Inc on Wednesday banned calls for poll watching that use "militarized language," as it tightened a slew of restrictions ahead of U.S. elections next month amid mounting alarm that unfounded claims online could result in violence.

Amazon.com Inc said on Wednesday it has sent a legal notice to a promoter of Future Group, alleging the Indian retailer breached the terms of its contract by signing a deal with Mukesh Ambani's Reliance Industries .

Tesla Inc Chief Executive Elon Musk said on Wednesday the company will produce Model Y with a new structural battery design and technology at its Berlin factory next year and that could result in a "significant production risk".

SAN FRANCISCO: Facebook on Wednesday (Oct 7) said it will stop running political or social issue ads after the US polls close on Nov 3 to reduce chances of confusion or abuse. The leading social network also said that any posts prematurely declaring a winner or contesting the count...

A 2.05per cent rise in the share of Chevron on Wednesday lifted it's market capitalization above that of energy giant Exxon Mobil for the first time as Chevron closes on its purchase of rival Noble Energy .

CORPORATE services startup Lanturn on Thursday announced it has raised US$3 million in seed funding.

Asian shares were set to track Wall Street gains on Thursday, as renewed hopes for more U.S. stimulus helped restore investor confidence in the New York session.