Business

Samsung reports profit jump on smartphone, TV sales

Samsung Electronics said Thursday its operating profit for the last quarter jumped 46% from a year earlier driven by increased sales of smartphones and televisions as its business continues to flourish amid the pandemic.

Business

Ant Group fiasco reflects battle for China's financial soul

China's last-minute abandonment of Ant Group's record-breaking IPO stems from an intensifying battle for the soul of the nation's financial system that the fintech giant and its charismatic leader Jack Ma helped to ignite.

Business

GE reports smaller loss, shares rise

General Electric reported a smaller quarterly loss Wednesday on lower revenues and a continued slump in aviation, but said it would be cashflow positive in 2021 following cost-cutting moves.

Business

Trump says no TikTok deal yet amid security concerns

President Donald Trump said on Wednesday he wasn't ready to approve a deal for an American company to partner with Chinese-owned video app TikTok, which would allow it to continue operating in the United States.

Business

Oracle 'very close' to deal on TikTok: Trump

Silicon Valley tech giant Oracle is "very close" to sealing a deal to become the US partner to Chinese-owned video app TikTok to avert a ban in the United States, President Donald Trump said Tuesday.

Business

Chinese e-commerce giant JD soars on Hong Kong debut

Chinese e-commerce giant JD.com soared nearly six percent on its Hong Kong debut Thursday, after raising almost $4 billion in an initial public offering that was the world's second-biggest this year.

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