The South Korean tech giant estimated its July-September operating profit would leap 79.8 per cent from a year earlier to 7.3 trillion won (S$8.9 billion), compared with 6.7 trillion won tipped by analysts.
William Ackman, head of hedge fund firm Pershing Square Capital Management, said on Tuesday that financial market volatility was being driven by short-term money without regard to long-term economic fundamentals and that Valeant Pharmaceuticals worldwide Inc was the most...
Managers at the company had been attempting to buy the firm from its parent SunEdison, in a last-ditch attempt to save the business, but were unable to put a deal together.
Our credit cards are now secured with computer chips, but the world’s largest retail trade group says consumers are no safer, while businesses are being forced to spend up to $35 billion. When consumers shop at retail stores with EMV technology, instead of...
Congress and the White House are about to face off on giving lenders more penalty-free time to implement a new rule created to help consumers when closing on a new home.
The yuan climbed to a seven-week high in Hong Kong’s offshore market yesterday, erasing its discount to the rate in Shanghai, and an overnight rate to borrow the currency jumped by a record amid talk China’s central bank was intervening to back the exchange rate. The...
China’s National Tourism Administration estimated that more than 750 million Chinese would be on the move between October 1 and 7, which is half of the nation’s population.
“We believe this is a financially compelling opportunity for COS shareholders”, Steve Williams, Suncor’s President and CEO, said in a statement. Scotiabank cut their price target on shares of Canadian Oil Sands from C$11.00 to C$10.00 in a report on Tuesday,...
Brent the global benchmark for crude was up 2 or 4 percent at 51.25 a barrel by 1458 GMT. The US crude oil production peaked at 9.6 MMbpd in April 2015-the highest level since the 1970s.
It looks like AB InBev, which makes beers like Budweiser and Corona, is going to have a fight on its hands – SAB says a similar bid was rejected on Monday because it was “very substantially undervaluing SABMiller”.
In late morning trade in Shanghai, life insurer Ping An Insurance Group surged 6.1 per cent, China Construction Bank climbed 2.1 per cent, Bank of China rose 1.9 per cent, Agricultural Bank of China gained 1.7 per cent, and Industrial and Commercial Bank added 1.6 per cent.