Markets

Samsung Electronics Co Ltd said on Wednesday it expected its profit to decline in the current quarter, as strength in the chip business would be offset by a sales slump in smartphones and TVs.

Asian equities made cautious gains in early trade on Wednesday following mixed U.S. corporate earnings while oil prices looked set for more wild swings as storage concerns capped optimism about easing coronavirus lockdowns.

Samsung Electronics Co Ltd said its operating profit rose 3per cent in the January to March period, in line with its earlier estimate, as the stay-at-home trend due to the COVID-19 pandemic cushioned the virus blow.

Office density may well fall for some organisations, but only for those who robustly embrace the dynamic hot-desking model, says Anthony Oundjian of Boston Consulting Group.

THE scale of bad loan provisions and how the dour economic environment will impact dividends will be closely watched by analysts in the upcoming results of Singapore's banks - the first quarter that will reflect the early impact of a global pandemic.

INFRASTRUCTURE financing platform Bayfront Infrastructure Management has inked partnerships with 15 global banks in its first month of operations.

ALMOST half of the current banking customers are willing to try using the new digital banks which will operate entirely online without any physical bank branches. The survey of the finance and insurance sector done in the fourth quarter of last year showed that 43.3 per cent...

WHEN Singapore first introduced PayNow in July 2017, the funds transfer service was used primarily for small transactions between friends who had linked their bank accounts to their phone number.

NEW YORK: Wall Street stocks finished lower following a choppy session on Tuesday (Apr 28) as mixed earnings reports and weak consumer data underscored the economic challenges caused by the coronavirus shutdowns. The Dow Jones Industrial Average lost 32.23 points (0.13 per cent) at 24,101.55 ...

REUTERS: Starbucks Corp said on Tuesday it expects comparable sales in China in the current quarter to decline between 25per cent and 35per cent, hurt by the coronavirus pandemic that has forced it to close stores and limit operations. The company did not forecast sales for its U.S. business...