Samsung Elec profit growth slows as Galaxy S9 misses sales targetsSamsung Electronics Co Ltd posted its slowest quarterly profit growth in more than a year on Tuesday as its Galaxy S9 device missed sales targets and competition heated up, casting doubt on its leader...
Bank of Japan tweaks monetary policy with inflation target distantJapan's central bank revised down inflation forecasts on Tuesday, making only minor tweaks to a monetary policy that has so far fallen short of lifting prices and boosting the world's third-largest ec...
Fed set to hold interest rates steady, remains on track for more hikesThe Federal Reserve is expected to keep interest rates unchanged on Wednesday but solid economic growth combined with rising inflation are likely keep it on track for another two hikes this year even...
How US tariffs on China minerals could hurt industry, consumersUS President Donald Trump’s proposed tariffs on another $200 billion of Chinese goods threaten a niche trade in minor metals and rare earths used in everything from stomach remedies and jet engines to...
Japanese airlines sink on higher fuel costsMajor Japanese carriers All Nippon Airways (ANA) and Japan Airlines (JAL) on Tuesday reported sluggish April-June profits as fuel costs weighed despite higher revenues. Both airlines left their full-y...
Standard Chartered profits up 34 percent in first half of yearBanking giant Standard Chartered said pre-tax profits were up 34 percent in the first half of the year on Tuesday, in a sign restructuring and cutbacks were supporting a recovery at the lender. Result...
Iran currency drops 18% in two daysIran's currency traded at a fresh record-low of 119,000 to the dollar on Tuesday, a loss of nearly two-thirds of its value since the start of the year as US sanctions loom. The Iranian rial has been c...
Nokia to help with T-Mobile superfast telecom networkNokia will help T-Mobile deploy a superfast "5G" mobile internet network across the United States in a $3.5-billion deal, the companies announced Monday. Finland-based Nokia will provide T-Mobile its...