Samsung Electronics to boost returns after record third-quarter profit Samsung Electronics to boost returns after record third-quarter profit: South Korean technology giant Samsung Electronics Co Ltd (005930.KS) promised to return $26 billion to shareholders over the next three years as it reported record third-quarter profit on the back of the […]
USA Business and Regional News
Brent oil ends above $60 on expected OPEC cut extension Brent oil ends above $60 on expected OPEC cut extension: Brent oil closed on Monday at its highest level since July 2015 and U.S. crude closed at a peak not seen since February on expectations OPEC-led production cuts would be […]
Asia shares get technology boost crude near two year top Asia shares get technology boost crude near two year top: Asian shares climbed on Monday, as technology stocks were bolstered by solid earnings from U.S. tech stalwarts and on strong pre-orders for Apple’s iPhone X, while oil hovered around a […]
Oil markets stable on expected extension of output cuts Oil markets stable on expected extension of output cuts: Oil markets were stable on Monday, with Brent remaining above $60 per barrel supported by expectations that an OPEC-led production cut due to expire next March would be extended. Brent crude oil […]
Japans retail sales show strength in consumer spending Japans retail sales show strength in consumer spending: The 2.2 percent annual increase in retail sales in September was less than the median estimate for a 2.5 percent annual increase and follows a revised 1.8 percent annual increase in August. Strong consumer […]
Exxon Chevron results linked to oil price not cost cuts Exxon Chevron results linked to oil price not cost cuts: Despite deep capital spending cuts and a refocusing on projects that can generate faster paybacks in recent years, the results on Friday showed the pair, neither of whom hedge oil […]
As Trump tax comes to floor failure could spell stocks selloff As Trump tax comes to floor, failure could spell stocks selloff: The benchmark S&P 500 .SPX is up nearly 6 percent from its August lows as the Trump administration has rolled out its tax reform proposal, which would cut […]
U.S. economy likely slowed by hurricanes in third quarter U.S. economy likely slowed by hurricanes in third quarter: U.S. economic growth probably slowed in the third quarter as hurricanes Harvey and Irma restrained consumer spending and undercut construction activity, but underlying momentum likely remained strong amid robust business investment on […]
Asian shares gain after upbeat earnings from U.S. tech titans Asian shares gain after upbeat earnings from U.S. tech titans: The euro’s fall looks set to lift European shares with spread betters expecting higher opening of 0.5 percent in Germany’s DAX .GDAXI and 0.6 percent in France’s CAC .FCHI. Britain’s […]
Cloud computing drives massive growth for big U.S. tech firms Cloud computing drives massive growth for big U.S. tech firms: All four companies posted stellar quarterly earnings on Thursday, showing the strength of the shift in corporate computing away from company-owned data centers and to the cloud. Microsoft’s Azure business […]
