Shares in Swedish telecoms firm Ericsson shot up by 5% in early trades yesterday after it posted better-than-expected third quarter earnings, turning its first net profit in more than two years. Ericsson’s net profit soared to 2.7bn kronor ($301mn, €261mn) during the period July-September, compared

South Korea’s central bank kept monetary policy steady yesterday for a seventh straight meeting, as it assessed new signs of softness in the economy and the potential fallout from global trade frictions.

Woodside Petroleum Ltd yesterday said it was aiming to bring forward the target date for approving the mammoth Browse gas project off northwest Australia by a year to 2020, with the $15bn cost estimate potentially being pared.

It’s probably not the kind of success US President Donald Trump had in mind, but his trade dispute with China has effectively killed off the burgeoning energy trade between the world’s two biggest economies.

Japan’s exports fell in September for the first time since 2016 as shipments to the United States and China declined, likely impeding third quarter economic growth and adding to concerns about the broadening impact of an escalating Sino-US trade war.

Turkish President Recep Tayyip Erdogan signed off on a proposed 2019 budget that promises to help the Middle East’s largest economy regain balance and financial stability while curbing consumer inflation.

A slump in stocks followed by an unexplained rebound. A bond market that appeared to be driven by an entirely different narrative. And at the end of it all, a gauge of volatility at its highest in almost three years.

A Saudi man walks past the logo of Vision 2030 in Jeddah (file).

Doha Bank, whose quarterly profit beat estimates, has left the worst of bad loans behind as it seeks to scale up investments, its chief executive officer has said.

Goldman Sachs Group Inc jacked up its spot LNG forecast after the market was hit by China’s double blow of boosting demand for gas while lifting prices of the fuel’s main competitor coal by limiting mine output.

Novartis AG agreed to buy US drug maker Endocyte Inc for $2.1bn, snapping up a potential blockbuster therapy for prostate cancer as the Swiss pharmaceutical giant broadens its arsenal against tumours.

Four major US public funds that hold shares in Facebook Inc on Wednesday proposed removing chief executive officer Mark Zuckerberg as chairman following several high-profile scandals and said they hoped to gain backing from larger asset managers.