The aim for Samsung Electronics Co Ltd is to now quickly recover from the disastrous withdrawal of the fire-prone Galaxy Note 7. The company said that it was this disaster that had, for the first time in nearly eight years, dragged its third-quarter mobile earnings to their lowest level. As the South Korean giant tried…
British Prime Minister Theresa May’s Brexit strategy was one again proved to be close to and in line with the prevailing mood and popular sentiments of the country after evidence emerged in a survey published Tuesday that Britons are more concerned with controlling immigration than maintaining access to the single market. The poll was conducted…
The pace of a sales slump for the world’s most valuable company, Apple Inc. was helped to slow down by robust early demand for the iPhone 7, analysts predicted, as the company’s fourth-quarter results were bolstered by this trend. According to Wall Street estimates, Apple likely sold 45 million units of all types of iPhones…
A unit to enhance collaboration among its members and the U.S. government as a way to help reduce cyber security threats to the financial system has been formed, announced the Financial Services Information Sharing and Analysis Center (FS-ISAC), an influential U.S. financial industry group on Monday. The FS-ISAC said in a statement that proactively identifying,…
The specter of a leadership vacuum was cast at the $100 billion coffee-to-steel business empire after, in a rare display of discord atop India’s biggest conglomerate, Tata Group abruptly ousted its chairman of almost four years. The group’s holding company said in a statement that chairman Cyrus Mistry, 48, was replaced by his 78-year-old predecessor…
The attack that took down some of the world’s most popular websites on Friday could have been due to vulnerable internet-connected devices such as cameras and digital video recorders. According to Brian Krebs, a well-known journalist covering computer security, the global attack may have been powered by malware that targets the “internet of things,” a new breed…
In a deal valuing the entire company, including debt, at about A$20.8 billion ($16 billion), the New South Wales state government announced Thursday it had sold a 50.4 percent stake in power network Ausgrid to two local funds. Citing national security concerns, an offer from State Grid Corp. of China that was said to value…
At least in the European market that helps dictate global crude oil prices, bearish signals abound even as one would hear the oil market is rebalancing if listening to Saudi Arabia and the Brent is holding above $50 a barrel. But the fact in the world of physical oil is different than on the face.…
Amid a dwindling appetite for hedge funds the ultra-rich are sticking with real estate and private equity, an investment club for the ultra-rich has revealed this about its members. A 28 percent average allocation to real estate investments and a 21 percent slice of the portfolio being allocated towards private equity, shows a survey by…
UK Prime Minister Theresa May was told by French President Francois Hollande to prepare for tough negotiations even as she tried to reassure EU leaders over Brexit while attending her first European Union summit since Britain’s vote to leave the bloc. May was allotted a short time slot at the end of dinner on Thursday to lay…
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