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A woman walks past a signboard of Samsung Electronics displayed outside the company's Seocho building in Seoul on April 5, 2024. - Samsung Electronics said on April 5, it expects first-quarter operating profits to rise more than 10-fold year on year as chip prices recover. (Photo by Jung Yeon-je / AFP)
A woman walks past a signboard of Samsung Electronics displayed outside the company's Seocho building in Seoul on April 5, 2024. - Samsung Electronics said on April 5, it expects first-quarter operating profits to rise more than 10-fold year on year as chip prices recover. (Photo by Jung Yeon-je / AFP)

Samsung Electronics forecasts major Q2 profit jump

Samsung Electronics said Friday it expects second-quarter operating profits to rise more than 15-fold on-year as chip prices bounce back and demand for generative AI continues to grow. The firm is the
23 hours ago
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Pedestrians walk past an electronic board?displaying the exchange rate for the Japanese yen against the US dollar in Tokyo on July 2, 2024. (Photo by Kazuhiro NOGI / AFP)

Tokyo shares close at record high

Tokyo shares closed at all-time highs on Thursday, tracking records on Wall Street where bullish global investors drove US tech firms higher. The benchmark Nikkei 225 index climbed 0.82 percent, or 332.89
2 days ago
A woman walks past an electronic board?displaying the exchange rate for the Japanese yen against the US dollar in Tokyo on June 27, 2024. (Photo by Kazuhiro NOGI / AFP)

Yen weakens further to put focus on Tokyo, Asian equities rise

The yen extended losses to a fresh 38-year low Friday, putting investors on guard for a possible intervention by Japanese authorities ahead of the release of key US inflation data later in
1 week ago
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