German carmaker BMW (BMWG.DE) will further raise its spending on research and development next year, to 6.5 to 7 percent of sales, its finance chief Nicolas Peter told German daily Handelsblatt. “That is a lot of money, in absolute numbers it’s around 7 billion euros ($8.3 bln),...

Samsung Electronics Co Ltd’s (005930.KS) shares fell more than 4 percent to a one-month low on Monday after Morgan Stanley cut its recommendation on the South Korean tech giant, citing concerns that a boom in memory chips is likely to peak soon. A so-called memory chip...

 Bitcoin’s vertiginous ascent showed no signs of stopping on Monday, with the cryptocurrency soaring to another record high just a few percent away from $10,000 after gaining more than a fifth in value over the past three days alone. The digital currency has seen an eye-watering...

 State oil giant Saudi Aramco and Saudi Basic Industries Corp are about to sign a memorandum of understanding to build a complex converting crude oil to chemicals in the kingdom, sources told Reuters on Sunday. The two companies had agreed in June 2016 to conduct a feasibility...