Samsung Electronics flags 25% plunge in Q2 profit
Samsung estimated Tuesday that its operating profit would plunge nearly 25 percent on year in the second quarter of 2014, as cheap Chinese devices and a strong won hammered down its share of the global smartphone market.
Oil extends losses on return of Libyan supplies
Oil extended losses in Asia Thursday on prospects that Libya will begin exporting more crude into a global market flush with supplies, while easing concerns about the Iraqi crisis also weighed on prices.
China signs yuan accords with France, Luxembourg
China's central bank said it has signed agreements for yuan clearing arrangements with France and Luxembourg, with the aim of promoting greater use of its currency overseas.
Japan tax hike boosts inflation, hurts spending in May
Inflation hit a three-decade high and unemployment dipped further in Japan, data showed Friday, as the government's bid to jumpstart the economy takes hold, even as analysts warned it was too early for celebrations.