Markets

The United States on Thursday welcomed the European Union's new rules on fifth-generation internet but pressed them to go further after the bloc resisted Washington's pressure to ban China's Huawei directly.

Visa Inc reported a nearly 10per cent rise in quarterly profit on Thursday, as higher consumer spending during the holiday season boosted fees for the world's largest payment processor.

South Korea's SK Hynix , a chip supplier to Apple Inc and Huawei, said on Friday its fourth-quarter operating profit slumped 95per cent, missing analysts' estimates, as chip prices were hit by oversupply and a demand slowdown.

Amazon.com Inc on Thursday posted holiday quarter results well above expectations as the expansion of its one-day shipping program came under budget and membership in its Prime loyalty club notched a 50per cent rise in two years.

SAN FRANCISCO: Amazon shares shot higher on Thursday (Jan 30) after the internet colossus released quarterly earnings figures for the holiday quarter that trounced market expectations. Profit in the final three months of last year rose eight per cent from a year ago to US$3.3 billion as revenue as...

Amgen Inc on Thursday forecast 2020 earnings well short of current Wall Street estimates, sending shares of the largest U.S. biotechnology company down 3per cent.

SINGAPORE: Travel agencies in Singapore have seen cancellations on holiday bookings made for China as the Wuhan virus continues to spread, leading some to suspend all tours to the country for the coming weeks. Dynasty Travel said about 200 travellers who have made bookings to visit China in ......

Brexiters claim that the UK will thrive once freed of the “dead hand” of EU regulation – but this is likely a fantasy, says the Financial Times’ Martin Wolf.

Levi Strauss & Co has shut about half of its stores in China due to the outbreak of a new coronavirus and will take a near-term financial hit as a result of the epidemic, Chief Financial Officer Harmit Singh said on Thursday.

The U.S. Justice Department said on Thursday it will hold a public meeting on Feb. 19 to discuss the future of a federal law which largely exempts online platforms from legal liability for the material their users post.