MORE FROM Markets

Markets

Samsung posts record $5.2b profit

Samsung Electronics made a record $5.2 billion profit in the first quarter, overhauling Nokia as the world’s top mobile phone seller, and its Galaxy smartphones outstripped Apple’s iPhone at the high end of the market.

Markets

Markets

S&P cuts Nokia rating to junk

Nokia Oyj’s rating was lowered to junk by Standard & Poor’s, the second debt rating company to strip the Finnish mobile-phone maker of an investment grade after it posted losses at its handset business.

Markets

Markets

Saudi Arabia to host first Kaale expo

The inaugural Kingdom Airports, Aviation and Logistics Exhibition, or Kaale, in Saudi Arabia is set to underscore the significance of the government’s $100 billion spending in the next decade on transport-related projects, according to the event’s organiser.

Markets