Markets

SEOUL: South Korean tech giant Samsung Electronics flagged a 44.19 per cent rise in first quarter operating profit on Wednesday (Apr 7), largely driven by robust sales of smartphones and the launch of its flagship Galaxy S21 series. The company said in an earnings estimate that it expected ......

DIGITAL securities platform iSTOX has, for the first time, tokenised a private real estate investment trust (Reit) from property giant Mapletree Investments, reducing the investment ticket into the fund for 50 accredited investors.

TOKYO: Toshiba has received a buyout offer from a British private equity fund and will consider the proposal, it said Wednesday (Apr 7), with reports suggesting the deal could be worth about US$20 billion. Trading of Toshiba shares was temporarily halted on Tokyo's stock exchange at the open ......

Despite being energy inefficient, hydrogen has received much interest because it fits business models built on fossil fuels, says a chemical engineering professor.

Reductions in tariffs on goods, which benefit China, are often overestimated in such calculations, whereas reduction in barriers impacting services, which favour ASEAN, are undervalued, says Deborah Elms.

ISMAILIA, Egypt: The Suez Canal chief said on Tuesday (Apr 6) that authorities are negotiating a financial settlement with the owners of a massive vessel that blocked the crucial waterway for nearly a week. Lieutenant General Osama Rabie told the Associated Press he hoped talks with Shoei Kisen ...

China's electricity-hungry bitcoin mines that power nearly 80 percent of the global trade in cryptocurrencies risk undercutting the country's climate goals, a study in the journal Nature said on Tuesday.

The International Monetary Fund raised its 2021 growth forecast for China to 8.4 percent on Tuesday, as it projected a stronger global rebound from the pandemic but warned of "divergences in the speed of recovery".

SINGAPORE: Retail sales grew by 5.2 per cent year-on-year in February, a reversal from the 6.1 per cent decline recorded in January. This improvement was mainly associated with Chinese New Year celebrations in February, said the Singapore Department of Statistics (SingStat) on Monday (Apr 5) ...

An Indian court on Tuesday dealt a blow to China's ByteDance by dismissing its plea to unblock its bank accounts which have been frozen by federal authorities investigating alleged tax evasion.