Sentiment was also clouded by data showing that Chinese consumer inflation remained almost non-existent despite a raft of stimulus measures in the final three months of last year.

For the whole of 2024 prices were up 0.2 percent, the same as the previous year.

Congress has had frequent battles in recent years over the best way to tackle growing spending commitments, with lawmakers divided over whether to tax more, spend less, or do both at the same time.

The announcement comes after the world's largest memory-chip maker issued a rare apology in October acknowledging it was facing a "crisis" and that questions had arisen about its "fundamental technological competitiveness and the future of the company".

With Trump set to take office later this month, trade imbalances in the world's biggest economy could again come under the spotlight.

Samsung is expected to estimate its operating profit rose to 8.2 trillion won ($5.6 billion) in the quarter ended December

Trump responded on his Truth Social platform after the Washington Post cited three sources familiar with the matter as saying that Trump aides were exploring a narrower approach to tariffs

Michael Barr, the Fed's vice chair for banking supervision, said in a statement that he would step down from his management role by February 28 at the latest

The tablet, Risperidone, is locally marketed as Sperid

Protests by Indian truck operators over online slot-booking issues caused the disruption

Revenue for Apple's biggest iPhone assembler jumped 15.2 percent to T$2.13 trillion ($64.72 billion), Foxconn said in a statement on Sunday

Even companies such as Netflix and Amazon, which until recently relied mainly on subscriptions, are getting in on the action

Beijing last year struggled to lift the economy out of a slump fuelled by a property market crisis, weak consumption and soaring government debt

Microsoft president Brad Smith on Friday said the company is on track to pump about $80 billion into artificial intelligence (AI) this fiscal year.

KDS Logistics managed to retain its top position among ICDs in handling export and import containers in 2024

A judge ordered the Federal Deposit Insurance Corporation to provide versions of supervisory "pause letters", it sent to unidentified banks after History Associates Incorporated, a research firm hired by crypto exchange Coinbase, sued the agency to release them

The Institute for Supply Management's (ISM) manufacturing index was 49.3 percent last month, up 0.9 percentage points from November, it said in a statement.

Equities mostly had a bumper 2024 on the back of enthusiasm about artificial intelligence (AI), cuts in borrowing costs by central banks and Donald Trump's presidential election win.

A series of manufacturing purchasing managers' indexes for December from across the region published on Thursday showed factory activity slowing in China and South Korea although there were some signs of a pickup in Taiwan and Southeast Asia.

From dining out and travelling by air to purchasing sweets and clothing, the small comforts in life are going to turn costlier for a hike in value added tax (VAT) on 43 goods and services.