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Coronavirus threatens Apple supply chain, sales; shares drop

Shares of Apple Inc fell 2 per cent on Tuesday and dragged the stocks of its suppliers across the globe lower, after the iPhone maker warned of lower sales in the current quarter acknowledging that the coronavirus outbreak was pressuring its supply chain.

Markets

Exclusive: JPMorgan shakes up investment bank in leadership makeover – sources

JPMorgan is reshuffling senior management at the top of its investment bank, naming two new global co-heads and shifting some of its most senior dealmakers into new jobs focused purely on bringing in business, two sources told Reuters.

Markets

Breen to return as DuPont CEO

DuPont has brought back management veteran Edward Breen as its chief executive officer, in a move that the industrial materials maker is hoping will help lift sluggish sales since its split from DowDuPont Inc.

Markets

Exclusive: Samsung wins 5-nanometer modem chip contract from Qualcomm – sources

Samsung Electronics Co Ltd's semiconductor manufacturing division has won a contract to make new Qualcomm Inc 5G chips using its most advanced chip-making technology, two sources familiar with the matter said, boosting the Korean firm's efforts to gain market share against rival Taiwan ...

Markets

New Qualcomm chips aim to connect phones to disparate 5G networks

Qualcomm Inc on Tuesday introduced new chips designed to connect mobile phones to 5G networks that operate differently around the world.

Markets

20 years after dot-com peak, tech dominance keeps investors on edge

As Wall Street approaches the 20th anniversary of the piercing of the dot-com bubble, today's decade-old rally led by a few small players shows some similarities that cautious investors are keeping an eye on.

Markets

StanChart commits US$75 billion toward sustainable development goals

Standard Chartered on Tuesday said it will provide US$75 billion in financing by 2024 toward sustainable development and clean energy projects, as it expands on its aspirations to support the Paris Agreement on climate change.

Markets

China races to contain job losses as coronavirus batters economy

When cameraman Mark Xia returned to his job this month after holidays, the Shanghai video production house where he worked told him to take three months of leave with no pay, as a coronavirus epidemic takes a toll of China's businesses.

Markets

10 things you need to know about Budget 2020

SINGAPORE: With the COVID-19 outbreak coming at a time of an uncertain economic outlook, 2020 has already seen its fair share of challenges – and it is only the second month of the year. As Singapore ushers in a new decade marked by “major uncertainties”, Finance Minister Heng Swee...

Markets

If Apple is hurting due to the coronavirus, its suppliers and rivals likely are too

Apple Inc's surprise warning that it will likely fall short of this quarter's sales target due to the coronavirus epidemic points to much pain for its chip and other suppliers as well as for rivals who also rely on China to build their products.

Markets

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