Bloomberg Samsung Electronics Co reported its worst operating-profit drop in more than four years, buffeted by falling memory-chip prices and slowing smartphone sales. Operating income fell 60 percent to about 6.2 trillion won ($5.5 billion) in the three months ended in March, according to preliminary results released from the Suwon, South Korea-based company. That was the biggest decline since a ...

Bloomberg Officials of top palm oil growers Malaysia and Indonesia will visit Brussels next week to voice their objection to the European Union’s delegated act that restricts the use of the edible oil in biofuel, according to a statement from Malaysia’s Ministry of Primary Industries. A joint mission from Malaysia and Indonesia, which together supply about 85 percent of the ...

Bloomberg Embattled Canadian engineering firm SNC-Lavalin Group Inc. agreed to sell a 10 percent stake in a Toronto-area toll highway for as much as C$3.25 billion ($2.43 billion), stepping up efforts to bolster its balance sheet after two profit warnings and an ongoing political controversy battered its shares. The sale to OMERS Infrastructure pension fund will reduce SNC’s stake in ...