In early Friday trade, shares of troubled commodity trader Noble Group retraced some of their more than 36 percent surge in the previous session. The stock was down 4.69 percent at 61 Singapore cents ($0.44) at 9:27 a.m. HK/SIN, after climbing 36.17 percent, or 17 Singapore cents, to close at S$0.64 on Thursday amid a […]

Samsung Electronics on Friday said it was expecting an operating profit of 14 trillion Korean won ($12.1 billion) for the quarter hat ended in June, a 72 percent on-year jump that beat analysts predictions. Reuters reported the average forecast for the smartphone and chip-maker’s second-quarter profit among analysts was 13.1 trillion won. The South Korean […]

Troubled commodity trader Noble saw its shares surge in Thursday afternoon trade, but it wasn’t clear what drove the sudden rush into the beaten down stock. The stock rose as much as 38.30 percent to a high of 65 Singapore cents ($0.47)in late afternoon trade, before retracing slightly to end up 36.17 percent, or 17 […]

Virgin Australia has launched a play for the lucrative Chinese tourist market, with flights to Hong Kong beginning from Thursday. Virgin Australia CEO John Borghetti told CNBC’s “Squawk Box” on Thursday that Hong Kong was the perfect gateway to China. “You’re geographically situated in a position where, within a five-hour flight time, you can access […]

Defense ties have long underpinned Indian-Israeli relations, but a string of deals signed this week reflected wider cooperation that could benefit Indian companies seeking advanced technologies and could pave the way for Israeli firms to access millions of consumers. On Wednesday, the Indian Ministry of External Affairs said India signed several agreements with Israel on […]

Global attention may be centered on China’s newly-launched bond connect, but mainland equity markets will remain attractive, amid a “booming” pipeline of initial public offerings expected for the remainder of 2017, Ringo Choi, Asia Pacific IPO leader at consultancy EY, said on Thursday. “I think traditionally bonds and equities are the opposite or opponent of […]

Japan’s SoftBank Group is targeting raising between $3 billion and $5 billion through an offering of U.S. dollar bonds, according to a person familiar with the plans. The group has named Morgan Stanley, Bank of America Merrill Lynch and Deutsche Bank as joint global coordinators for a bond offering, it said in an announcement on […]

Chinese bike-sharing startup Ofo has set its sights on global expansion, saying on Thursday it raised over $700 million in a funding round that included Jack Ma’s Alibaba Group. The funding round was led by Alibaba, Hony Capital and CITIC Private Equity, with additional participation from existing investors Didi Chuxing and DST Global. “We will […]

OPEC wants higher oil prices. But the same things keep getting in the way. Ever cheaper U.S. shale oil production and growing crude supplies are foiling the plans of the Organization of the Petroleum Exporting Countries to support prices with an export cut designed to remove 1.8 million barrels a day from the market through […]

Arts and crafts retailer Hobby Lobby has agreed to forfeit thousands of illegally smuggled ancient Middle Eastern artifacts obtained from antiquities dealers for a Bible museum headed by its president, the company and U.S. officials said on Wednesday. The forfeiture will include some 5,500 artifacts purchased by Hobby Lobby that originated from the region of […]