SEOUL: Declining smartphone prices hit profit at Samsung Electronics Co. for a second straight quarter. The consumer technology heavyweight said on Tuesday that it expects operating income of about 8.4 trillion won... Read more »
MEPs have backed rules for a banking safety net to minimise the risk of further EU taxpayer-funded bailouts. A new European authority will have the power to wind up or restructure failing... Read more »
Citigroup Inc reported a better-than-expected quarterly net profit as a smaller loss on its troubled assets made up for weakness in its core trading and lending businesses, pushing up the bank’s shares... Read more »
Amazon is offering its warehouse employees up to $5,000 to quit their jobs, even as the company is in the process of adding workers and locations. he “Pay to Quit” program, which... Read more »
The bank has agreed to pay the Treasury the equivalent of $2.5 billion or 1.8 billion euro’s. LONDON (AFP) – Britain s state-rescued Royal Bank of Scotland will pay the government 1.5 billion... Read more »
IF you’ve ever had an idea or invention you think could make you a fortune but have no capital to get it started there’s a way the internet can help. Kickstarter is... Read more »
Toyota announced five recalls on Wednesday, affecting a total of 6.39 million vehicles globally. The recalls cover 27 Toyota (TM) models — including Camry, Corolla, Matrix and Highlander — the Pontiac Vibe and the Subaru... Read more »
The US added 192,000 new jobs in March, in line with expectations, as the unemployment rate held steady at 6.7%. Severe weather over the winter did not prevent the monthly average for... Read more »
Internet giant Google has paid a one-million-euro ($A1.5 million) fine in relation to privacy breaches in Italy, the country’s privacy watchdog says. The US-based company came under fire in 2010 over its... Read more »
German Chancellor Angela Merkel has approved the country’s first minimum wage, at 8.50 euros an hour (£7; $11.75), to start in 2015. At the moment, the country is one of seven in... Read more »
IMAGINE if you made so much money every single minute of your day you could afford to take a yearly salary of $1. That’s Facebook chief executive Mark Zuckerberg’s reality. He reaped... Read more »
LONDON: Chinese businessman Yuan Yafei has launched a surprise takeover bid for British department store chain House of Fraser worth £450 million ($748 million, 544 million), media reports said on Sunday. Sanpower, a Nanjing-based conglomerate run... Read more »
SAN FRANCISCO: Microsoft has released an iPad version of its popular Office software suite, a breakthrough heralding a new era under a CEO who promises to focus more on the devices that... Read more »
SAN FRANCISCO, MARCH 25: Google Inc has partnered with Luxottica SpA, the makers of Ray-Ban and Oakley sunglasses, to bring a high fashion sensibility to its high-tech wearable computer, Google glass. “Luxottica... Read more »
Beijing demands explanation over leaked documents apparently detailing NSA spying operation on Chinese telecom giant. Beijing has called for a clear explanation from Washington over a report that the US National Security Agency (NSA) infiltrated servers at... Read more »
Russian shares fell sharply on Friday as investors weighed the impact of western sanctions over Ukraine. The MICEX index, which is priced in roubles fell as much as 3% and the RTS,... Read more »
NEW YORK: US oil prices slid below $100 a barrel on Thursday as the dollar strengthened on raised expectations of a Federal Reserve interest rate hike sooner than previously thought. New York´s... Read more »
TOKYO: Tokyo stocks opened 1.50 percent higher on Tuesday after US shares rose despite international tensions over Crimea. The Nikkei-225 index was up 213.74 points to 14,491.41 at the start. US stocks... Read more »
SINGAPORE: Oil prices eased in Asian trade Thursday as investors await congressional testimony by the US central bank chief for fresh clues about the state of the world´s biggest economy, analysts said.... Read more »
ISLAMABAD: Pakistan will hold long-awaited auctions for 3G and 4G telecoms licences this April, the finance minister said on Friday, a step that could help boost the cash-strapped country’s foreign reserves. A... Read more »
HONG KONG: Asia’s markets were mixed on Wednesday as traders were left unimpressed by a weak batch of US economic indicators, although early losses were pared in Tokyo as the dollar staged... Read more »
SINGAPORE: Oil prices edged higher in Asian trade Wednesday as dealers await the latest US crude stockpiles data for clues about demand in the world´s biggest economy at the tail-end of a... Read more »
BARCELONA: WhatsApp, the world’s biggest mobile messaging service, is to add a voice call service for its 450 million customers, laying down a new challenge to telecom network operators just days after... Read more »
HSBC has reported a 9% rise in profit for last year, boosted by cost cuts as it restructured the business. Reported pre-tax profit was $22.6bn (£13.6bn), compared with $20.6bn in 2012, the... Read more »