London / AFP European stocks turned flat on Wednesday but London coasted higher on the back of a Santa Rally in subdued trade after a long Christmas holiday. The British capital’s benchmark FTSE 100 index of top blue-chip firms won 0.4 percent from last Friday’s close, as traders returned from a four-day holiday weekend. Frankfurt and Paris, which had …

  Bloomberg South Korea’s antitrust regulator slapped a record 1.03 trillion won ($853 million) fine on Qualcomm Inc. for violating antitrust laws, the latest in a string of government actions that threaten the US chipmaker’s most profitable business. The South Korean Fair Trade Commission said on Wednesday that the company licensed its key patents only to mobile-phone makers and didn’t …

  Bloomberg Toshiba shares dived more than 20 percent on Wednesday in their second straight double-digit plunge, as the company said it may book a one-time loss of several billion dollars over its US nuclear business. The stock price dropped by 20.42 percent to 311.60 yen, the largest fall allowed for a single day, about 30 minutes after the opening …