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Taiwan bucks Asia slump with 2.91% GDP growth

Bloomberg Taiwan’s economy grew at the fastest pace since the second quarter of last year as domestic investment and better-than-expected overseas demand helped avoid the worst of the US-China trade war. Gross domestic product expanded 2.91% in the third quarter, according to a statement from the island’s statistics bureau. That was the fastest rate of expansion since the three months ...

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India to spend $9.5bn to save telecom firms

Bloomberg For years India’s state-run companies coughed up hefty dividends when the government needed cash. Now the treasury is being forced to return the favour. Prime Minister Narendra Modi will spend about $9.5 billion to resuscitate telecom firms Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd, Telecom Minister Ravi Shankar Prasad said.

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Samsung Q3 earnings beat profit estimates on strength of smartphones and displays

Bloomberg Samsung Electronics Co posted better-than-expected earnings and projected a gradual recovery in the memory chip market in 2020 as fifth-generation wireless technology rolls out globally. Shares in South Korea’s largest company climbed as much as 2% after it posted net income of 6.1 trillion won ($5.2 billion) for the September quarter, surpassing the 5.5 trillion won average of projections. ...

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