Samsung posts record Q2 profit
South Korea’s Samsung Electronics, the world’s largest technology firm by revenue, has posted another record quarterly net profit.
Apple faces U.S. ban on older iPhones
Apple has lost a ruling by a U.S. trade panel in a patent dispute with rival Samsung, which could mean some older models of the iPhone and iPad are banned from sale in the country.
Vodafone China Mobile consortium withdraws Myanmar bid
Vodafone and China Mobile have withdrawn their joint bid for one of two licenses offered in Myanmar saying the returns do not justify their investment.
Panasonic records $7.5 billion annual loss
Japanese electronics giant Panasonic says its net loss reached $7.5 billion in the year to March on falling demand for goods such as flat-panel TVs.
Toshiba quarterly profit falls on weak demand
Toshiba says its quarterly net profit has fallen 62 percent from last year, with a decline in demand for its televisions, computers and other digital products.
Sony back in black, reports first profit in five years
Electronics giant Sony has reported an annual profit for the first time in five years thanks to stronger sales and a weakening yen.
Airtel sells 5% stake to Qatar Foundation
India’s largest mobile phone operator, Bharti Airtel, announced on Friday that it has agreed to sell a five percent stake in itself to the Qatar Foundation Endowment (QFE).
Alibaba buys 18% stake in Sina’s Weibo
Internet giant Alibaba has bought an 18 percent stake in Twitter-like Weibo.
South Africa’s MTN prequalified for Myanmar telecoms licence
South Africa-based multinational mobile telecommunications group MTN on Friday said its subsidiary MTN Dubai was one of 12 operators to be prequalified by the Myanmar Telecommunications Ministry for two telecommunications licences in the country.
Infosys shares slide as revenue forecast disappoints
Shares in India’s second-largest software firm Infosys have plunged after its growth forecast for the current financial year fell short of market expectations.
