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Nvidia forecasts revenue above estimates despite US$100 million coronavirus hit

Nvidia Corp on Thursday forecast first-quarter revenue above Wall Street expectations despite a hit of US$100 million from the coronavirus outbreak, sending its shares up nearly 7per cent in extended trading.

Markets

Exclusive: Venezuela’s PDVSA to unload US$57 million oil cargo disputed by rival Citgo boards

Venezuela's state-run oil company PDVSA this week plans to discharge nearly 1 million barrels of crude stranded for over a year at sea over U.S. sanctions against the company and an ownership dispute with its refining unit, Citgo Petroleum, according to internal documents viewed by Reuters.

Markets

Singapore banks roll out relief measures for SMEs, retail customers

AS THE Covid-19 outbreak continues to rattle the region, Singapore banks have stepped in with relief measures to help businesses and retail customers.

Markets

DBS outperforms in Q4; hunkers down to tackle impact from virus outbreak

SINGAPORE'S largest bank opened the results season for the local trio on Thursday with its prognosis of the impact of the novel coronavirus (Covid-19) on its earnings ahead.

Markets

Singapore banks roll out virus relief measures for SMEs, retail customers

AS THE Covid-19 outbreak continues to rattle the region, Singapore banks have stepped in with relief measures to help businesses and retail customers.

Markets

Walmart’s Mexico unit posts 4.5per cent drop in net profit

Walmart de Mexico, Mexico's largest retailer, on Thursday reported fourth quarter net profit of 11.2 billion pesos (US$594.7 million), a 4.5per cent drop over the same period last year.

Markets

FTC antitrust victory on Qualcomm questioned by appeals court

The U.S. government's antitrust victory over chip supplier Qualcomm Inc drew tough questions for the Federal Trade Commision from a panel of three appellate judges in San Francisco on Thursday.

Markets

Judge grants Amazon bid to pause Microsoft’s Pentagon contract work

A U.S. judge on Thursday granted Amazon.com Inc's request for a preliminary injunction to pause the U.S. Department of Defense and Microsoft Corp from moving forward on an up-to-US$10 billion cloud computing deal.

Markets

US accuses Huawei of stealing trade secrets, dealing with North Korea

The U.S. government on Thursday filed a superseding indictment against the Chinese smartphone maker Huawei Technologies Co and its Chief Financial Officer Wanzhou Meng.

Markets

Huawei hit with new US charges of trade secrets theft

WASHINGTON: Huawei was hit on Thursday (Feb 13) with new US criminal charges alleging the Chinese tech giant engaged in a "decades-long" effort to steal trade secrets from American companies. A US indictment unsealed in New York alleges Huawei and its proxies conspired "to misappropriate ...

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