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Samsung Electronics says second quarter profit likely jumped 23pct
SEOUL: Samsung Electronics Co Ltd said on Tuesday second-quarter operating profit likely rose 23%, beating analysts' estimates as solid chip sales to data centres bulking up in a work-from-home economy during the coronavirus pandemic offset weak demand for smartphones and TVs
Samsung's second-quarter chip sales unlikely made up for smartphone weakness
SEOUL: At Samsung Electronics Co Ltd, demand for its chips from data centres bulking up to meet a surge in work-from-home traffic was not likely enough to offset muted sales of its smartphones in the second quarter, analysts said.
Hedge fund sounds alarm
SEOUL: For those investors lucky enough to have invested in South Korea’s health care sector, now may be the time to reassess the risks.
New approach needed for automotive policy
Call for more incentives to promote large-scale use of EVs
Australia says Google's US$2.1b Fitbit deal could harm competition
SYDNEY/BENGALURU: Australia's antitrust regulator warned Google's planned $2.1 billion acquisition of fitness tracker maker Fitbit may give it too much of people's data, potentially hurting competition in health and online advertising markets.
Hong Leong Bank's campaign to support vendors' cashless payment move
KUALA LUMPUR: Hong Leong Bank Bhd (HLB) has launched a ‘Cashless Lagi Senang’ campaign to support vendors and traders’ cashless and contactless payment transformation for the benefit of their customers.
Oil slumps as US crude stocks build amid virus resurgence fears
SEOUL: Oil prices fell on Wednesday as data showed an increase in U.S. crude and fuel inventories, raising the prospect of oversupply as a potential second wave of the coronavirus pandemic threatened to halt any recovery of demand.
Asia electronics sector in for a good year
Tech industry seems to have decoupled from overall economy
Court to decide whether to jail embattled Samsung heir again
SEOUL: A South Korean court will rule as soon as Monday whether to send Samsung Group heir Jay Y. Lee back to jail after more than two years of freedom, as new allegations dog the executive and cast a pall over the country's top conglomerate.
S. Korea to resume WTO complaint over Japan’s export curbs
SEOUL: South Korea said it would recommence proceedings against Japan at the World Trade Organisation (WTO) over export controls on some high-tech materials, adding that talks to resolve the dispute had so far failed to make progress.