Samsung secures emergency supply of key materials from Japan

Seoul: Samsung Electronics Co. has secured emergency supplies of three key materials that Japan had cut off as part of its export restrictions, averting a crisis at the South Korean company’s production lines. Samsung vice-chairman Jay Y. Lee shared the “outcome” of his Japan trip with the company’s management during a directors’ meeting he hosted […]

US luxury department store Barneys explores bankruptcy option

New York: US luxury department store Barneys New York Inc is exploring a bankruptcy filing as it struggles with high rents and changing consumer tastes, people familiar with the matter said on Saturday. The nearly 100-year-old department store, known for its high-end designer collection, is working with law firm Kirkland & Ellis LLP to prepare […]

Mashreq offers investment options on mobile baking

Dubai: Mashreq Bank announced on Sunday that it has become the first bank in the Middle East region to offer customers instant global investments and return on investment through its mobile banking app, Mashreq Snapp. The newly added service provides access to international markets including foreign equities, gold trading and foreign currency accounts and allows […]