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China exports dive on weak global demand

  Beijing / AFP China’s exports plummeted in September, data showed on Thursday, as anaemic global demand dealt another blow to the world’s second-largest economy, while weak imports fuelled worries about crucial domestic appetite. The figures will come as a disappointment after a recent batch of healthy statistics, and suggest the Asian giant and key driver of the global economy ...

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TCS posts US$894mn quarterly profit

  Mumbai / AFP India’s Tata Consultancy Services reported an 8.8 percent year-on-year rise in quarterly profits on Thursday as strong growth in Europe helped the IT giant override a slump in its domestic market. The firm, based in India’s financial capital Mumbai, said net profit for the three months to September 30 rose to 65.86 billion rupees ($984 million) ...

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Samsung Note 7 recall in US expands

  SEOUL/ AP Samsung Electronics said on Thursday it has expanded its recall of Galaxy Note 7 smartphones in the US to include all replacement devices the company offered as a presumed safe alternative after the original Note 7s were found prone to catch fire. The move announced on the websites of Samsung and the Consumer Product Safety Commission on ...

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