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Samsung Electronics on Wednesday reported higher-than-expected second-quarter revenue and operating profit, as demand for its advanced memory chips that are crucial for artificial intelligence training remained strong.
HONG KONG -- Asia Standard Hotel Group, a hotel chain operator in Hong Kong, has revealed substantial losses from its investment portfolio including bonds issued by embattled mainland property developer China Evergrande Group, which is currently under bankruptcy proceedings.
Microsoft on Tuesday said it will pay a one-time performance-based cash award of up to 25% of annual bonus to rank-and-file employees.
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Asia-Pacific markets were mixed on Wednesday as investors awaited the Bank of Japan's rate decision and China's business activity data.