Samsung has said its third-quarter operating profit was up 80% from over a year earlier, a forecast-beating result likely to have stemmed from strong sales of electronics components and a weakness in the local currency.
TOKYO Asian stocks held firm on Wednesday as oil prices showed some signs of life, supporting battered resource shares and emerging economy currencies, while Japanese markets were tentative ahead of a crucial Bank of Japan policy meeting.
Hedge fund billionaire Bill Ackman, who got rich making wagers, is now betting that former New York City Mayor Michael Bloomberg will run for president of the United States in 2016 - and win.
The largest 500 U.S. companies would owe an estimated $620 billion in U.S. taxes were it not for the more than $2.1 trillion in offshore cash that most of the firms hold in foreign tax havens, according to a study released Tuesday.
Goldman Sachs stirred energy investors last month when its head of commodity research warned of rising risks of oil prices falling as low as USD 20 per barrel, in a message that was reiterated on Tuesday.