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Bloomberg Samsung Electronics Co. is on a roll. The maker of smartphones, screens and consumer electronics reported record quarterly profit and disclosed numbers showing that it’s chip business pulls in more revenue than Intel Corp. The Suwon, South Korea-based company took the opportunity to unveil a 50-to-1 stock split, which sent its shares surging. The earnings report for the last ...

Bloomberg Ukraine is countering a slump in wheat sales to India by selling record amounts to Indonesia, Southeast Asia’s largest economy. Shipments to India, the biggest market for Ukrainian wheat in 2016-17, have sunk so far this year as a bounceback in the Asian country’s production helped it become more self-reliant again. “This is a real change,” said Sergey Feofilov, ...

Bloomberg Malvinder Singh and Shivinder Singh must pay Daiichi Sankyo Co. $550 million awarded in an arbitration over the sale of a drugmaker controlled by the brothers, an Indian court ruled. The verdict was pronounced by a single-judge bench of Justice Jayant Nath of the Delhi High Court. He rejected all objections raised by the Singh brothers and said the ...

Bloomberg China’s sweeping push to increase international trade and infrastructure investment will likely get a boost this year from government support and better financial conditions in recipient countries, according to Morgan Stanley. Investment to nations along the route of President Xi Jinping’s signature Belt and Road Initiative will grow at an annual pace of 14 percent between 2018 and 2020, ...

Bloomberg Britain’s five-decade dominance of wing construction for Airbus SE jets is under threat from rival countries playing up the uncertainties surrounding Brexit to pitch for a share of the high-value, manufacturing work. Airbus has been approached by at least seven governments looking to poach future wing production after the company raised concerns about Britain quitting the European Union, stirring ...

Bloomberg Hennes & Mauritz AB reported its biggest drop in profit in six years, adding pressure on Chief Executive Officer Karl-Johan Persson, who is trying to right the ailing Swedish clothing chain after recent slipups. Operating profit fell 14 percent to 20.6 billion kronor ($2.6 billion) in the 12 months through November, H&M said in a statement. Analysts expected 20.4 ...

Bloomberg Swatch Group AG reported an increase in profit for the first time in four years as Switzerland’s largest watchmaker boosted its share in the intensely competitive low-end timepiece market thanks to growth at Tissot and its namesake plastic brand. Swatch said it has had a “massive gain” in market share in the basic and midrange segments. The company sells ...

Bloomberg Amazon.com Inc.’s foray into health care won’t be the first time it has disrupted an entire industry by starting with an effort inside the company. Amazon Chief Executive Officer Jeff Bezos is teaming up with fellow billionaires Warren Buffett and Jamie Dimon to revamp health care for the 2.4 million workers and dependents of the companies they run. The ...

Bloomberg Oil’s sinking back down to earth. Euphoria that’s driven the longest monthly rising streak in almost seven years is giving way to concern that US stockpiles will rebound as the rally encourages American drillers. That’s sparked a 3.1 percent drop in New York futures this week, marring crude’s best January since 2013. The sour sentiment is bleeding into equities, ...

Bloomberg OPEC-led production cuts will last for the rest of the year, and an early termination in June would be a surprise to the market, the International Energy Agency’s markets division head said. The oil market will move from surplus into a small deficit after the first quarter but it will be fairly balanced overall this year, the IEA’s Neil ...