The U.S. will likely emerge the winner in a "cold currency war" that is heating up, an expert said.Currenciesread more
These box office numbers do not include the cost of production or marketing costs. They also don't count the billions in merchandising that Disney has made over the last...Entertainmentread more
Tariffs are the only instrument left for addressing China's systematic and excessive surpluses on its U.S. trades, writes Michael Ivanovitch.US Economyread more
In its latest attempt to build market credibility, China on Monday launched the Science and Technology Innovation Board, or "STAR Market," on which 25 companies were listed.China Economyread more
When Cathy Hsu and Tony Hsieh wanted to build an English language app for Chinese children, they decided to follow Facebook and Google's lead.Start-upsread more
Stocks in Asia traded lower on Monday afternoon, as a Nasdaq-style technology board on the Shanghai Stock Exchange marked its debut.Asia Marketsread more
Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
The firing of the tear gas was the latest confrontation between police and protesters who have taken to the streets for over a month to fight a proposed extradition bill and...China Politicsread more
Last week shows that oil prices are not the indicator for Middle East tensions they once were, and worries about global demand and growing U.S. production has changed that...Market Insiderread more
Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
Samsung Electronics said Friday that its vice chairman and chief executive officer, Oh-Hyun Kwon, had decided to step down from management.
That followed an early morning guidance from the South Korean tech giant that it was expecting record operating profits of about 14.5 trillion Korean won ($12.8 billion) for the quarter ending in September.
Kwon will not seek re-election onto the Samsung's board once his current term ends in March, 2018, the company said. He will also resign as CEO of Samsung Display, a position he held since 2016, according to the company.
Following the imprisonment of Jay Y. Lee on charges of bribery and embezzlement, Kwon had been the company's de-facto chief. In August, a South Korean court sentenced Lee to a five-year jail term. The heir to Samsung Group is currently appealing the decision.
Kwon told Samsung employees in a letter that the time was right for him to step down, and that it was in the best interest of the company.
"I believe that time has now come for the company [to] start anew, with a new spirit and young leadership to better respond to challenges arising from the rapidly changing IT industry," he said in the letter.
"Now the company needs a new leader more than ever," Kwon added.
He joined Samsung in 1985 as a researcher and was made CEO in 2012.