The operating profit of South Korean tech giant Samsung Electronics sank almost a third in the fourth quarter owing to spending on research, the company said Friday, as analysts said it was struggling to meet demand for chips used in AI servers.The news comes as industry leaders try to assess the outlook for the sector after …
Samsung operating profit hit by R&D spending, fight to meet chip demand Read More »
Most Asian markets edged up Friday at the end of a week beset by volatility after China’s DeepSeek unveiled a groundbreaking chatbot, while sentiment was dampened by US President Donald Trump confirming hefty tariffs on Canada and Mexico.Traders were rattled by news that the Chinese startup had created a programme that apparently matched the capacity …
Asian markets mostly rise but worries over tariffs, AI linger, Read More »
Japan saw its biggest year-on-year jump in foreign workers since records began, government data showed Friday, as the country seeks to address labour shortages exacerbated by its ageing population.In October 2024, the nation’s foreign workforce stood at 2.3 million — an increase of around 254,000 people from a year earlier, labour ministry data showed.That marks …
European stock markets rose Thursday as the European Central Bank cut interest rates again while US shares were steady after a mixed bag of company earnings reports. European markets advanced across the board after the ECB trimmed interest rates for the fifth time since June as inflation eases and the eurozone economy stagnates.In New York, major …
Stock markets firm on ECB rate cut, corporate results Read More »
US and European stock markets rose Thursday as the European Central Bank cut interest rates again and companies posted healthy earnings.European markets advanced across the board and the euro held steady after the ECB trimmed interest rates for the fifth time since June as inflation eases and the eurozone economy stagnates.In New York, the wider …
Stock markets rise on ECB rate cut, healthy corporate results Read More »
European stock markets rose and the euro dipped Thursday, with the European Central Bank expected to cut interest rates as inflation eases and the eurozone economy stalls.The ECB announcement will follow the Federal Reserve’s decision to keep US borrowing costs on hold Wednesday as inflation, despite coming down, remains elevated in the United States.Asian stock …
European stock markets rise before ECB rate call Read More »
The Japanese government said Thursday it has pulled advertisements from Fuji Television in the wake of sexual assault allegations lodged against its celebrity host, as the company slashed profit forecasts.Dozens of companies have already scrapped advertising contracts with Fuji since the furore over J-pop megastar turned TV presenter Masahiro Nakai erupted last month.The government has …
Japan government pulls ads from Fuji TV after scandal Read More »
Asian equities were mixed in another holiday-thinned trading day Thursday, with investors digesting broadly positive tech earnings that came days after the upheaval caused by China’s DeepSeek explosion onto the global AI scene.With most markets closed for the Lunar New Year break, there was little major reaction to the Federal Reserve’s widely expected pause in …
Asian markets diverge in thin trade, with AI impact in focus Read More »
The emergence of the DeepSeek chatbot has sent Silicon Valley into a frenzy, with calls to go faster on advancing artificial intelligence and beat communist-led China before it is too late. California tech investors have usually kept their involvement in politics low key, generally supporting centrist politicians who don’t get in the way of their innovations …
Equity markets were mixed Wednesday as attention turned away from tech stocks to the outlook for monetary policy, with the Federal Reserve holding steady on interest rates ahead of an ECB decision.Major US indices spent most of the session in the red before closing moderately lower. The S&P 500 shed 0.5 percent.In Europe, London and …
Global stocks mixed as market awaits ECB decision Read More »
