Business

AFP/APP Seoul: Samsung Electronics said Tuesday that its first-quarter operating profits had risen nearly tenfold year-on-year amid recovering chip prices and growing demand, notably for generative AI. The firm is the flagship…

AFP/APP Tokyo: Tokyo stocks opened higher on Tuesday after gains on Wall Street, with a focus on the yen amid speculation of Japanese government intervention to prop up the currency. The benchmark Nikkei 225 index was up 0.96…

AFP/APP Hong Kong: Asian markets extended a rally Tuesday following advances on Wall Street, while the yen held gains after the previous day's sharp swings and focus turned to the Federal Reserve's upcoming policy decision. A…

AFP/APP Jakarta: Microsoft's chief executive officer met the president of Indonesia on Tuesday, pledging a $1.7 billion investment in artificial intelligence and cloud computing to help develop the archipelago's AI infrastructure. …

AFP/APP Beijing: Tesla boss Elon Musk boarded a plane departing Beijing on Monday, after a whistle-stop China visit during which the firm secured a key security clearance for the world's biggest electric car market. Musk arrived on…

AFP/APP Hong Kong: The yen sank to a new 34-year low past 160 per dollar on Monday after a forecast-beating US inflation reading dented expectations for US interest rate cuts this year. The greenback bought 160.17 yen in morning trade…

AFP/APP Beijing: Tech billionaire and Tesla CEO Elon Musk met in Beijing on Sunday with China's number two official, Premier Li Qiang, who promised the country would "always" be open to foreign firms.  Musk -- one of the world's…

APP Islamabad: The 100-Index of the Pakistan Stock Exchange (PSX) on Friday gained 771.35 points, a positive change of 1.07 percent, closing at 72,742.75 points against 71,971.40 points the previous trading day. A total of 541,144,650…

AFP/APP London: US stocks rebounded Friday on the back of buoyant big tech earnings while London hit another record peak as investors tracked a series of takeover bids for UK companies. Wall Street opened higher as traders shrugged…

AFP/APP Tokyo: The Bank of Japan kept its ultra-low interest rates unchanged Friday and stopped short of signalling another hike, pushing the yen to a fresh 34-year low against the dollar. Officials last month announced the first…