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Markets

Oil falls as virus death toll climbs, US inventories rise

Oil prices fell on Thursday as the death toll from the new virus in China climbed to 170 and more airlines canceled flights to the country's major cities, while rising U.S. crude inventories added to the negative tone.

Markets

Samsung Electronics says Q4 profit slumped 34%, flags gradual chip recovery

Samsung Electronics Co said on Thursday its fourth-quarter operating profit slid by a third as the South Korean conglomerate soaked up a downturn in the memory chip market, but forecast a gradual recovery in chip prices this year.

Markets

Samsung Electronics says fourth-quarter profit slumped 34per cent, flags gradual chip recovery

Samsung Electronics Co said on Thursday its fourth-quarter operating profit slid by a third as the South Korean conglomerate soaked up a downturn in the memory chip market, but forecast a gradual recovery in chip prices this year.

Markets

Microsoft cloud revenue regains momentum, sending profit above Street estimates

Microsoft Corp on Wednesday reported quarterly sales and profit that beat Wall Street expectations, driven by the first acceleration of Azure cloud computing revenue growth in eight quarters amid a pitched battle with Amazon.com Inc’s cloud unit.

Markets

British car production falls at quickest pace since recession

British car output dropped last year at the fastest rate since the 2008-9 recession, hit by slumping exports and diesel demand, as an industry body called for an ambitious post-Brexit trade deal to protect the sector.

Markets

Trading liquidity tops FX market’s concerns in 2020: survey

The ability to buy and sell foreign exchange whenever needed with minimal market impact is seen by currency traders as the biggest challenge for 2020, according to an annual client survey by JP Morgan published on Thursday.

Markets

Japan Display shares suspended after fresh report of Ichigo stake

The Tokyo Stock Exchange on Thursday suspended trading in shares of Japan Display Inc after the Nikkei business daily reported that Ichigo Asset Management would inject about 100 billion yen (US$900 million) into the company.

Markets

Jaguar Land Rover CEO Ralf Speth to step aside in September: FT

Jaguar Land Rover's Chief Executive Officer Ralf Speth will step down in September when his contract ends, but will retain an advisory role at the British carmaker, the Financial Times reported on Wednesday.

Markets

Microsoft gets lift from rise in earnings

WASHINGTON: Microsoft said on Wednesday (Jan 29) that its profits rose sharply in the past quarter, boosted by improving sales across a range of consumer products and business services, sending its shares higher. Overall profit for the quarter ending Dec 31 rose 38 per cent from a year ago...

Markets

Facebook reaches US$550 million settlement in facial recognition lawsuit

Facebook Inc said on Wednesday it reached a US$550 million settlement in principle related to a lawsuit that claimed it illegally collected and stored biometric data for millions of users without their consent.

Markets

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