8 Apr 2015

Business Briefs

4:46 pm on 8 April 2015

Samsung forecasts first quarter profit

The electronics firm Samsung has forecast a first quarter operating profit of about $US5.44 billion.

While the numbers beat market expectations, it would mark a fall in profit of more than 30 percent, from the same three months last year.

Samsung's mobile division has been struggling to maintain its dominance against rivals such as Apple and Chinese.

The company will publish its financial results later this month.

Commission investigates suspicious currency trading

The Australian Securities and Investments Commission is investigating another round of suspicious currency trading after the Australian dollar rose sharply, about five seconds before yesterday's Reserve Bank interest rates decision.

It was the third straight month that money traders appeared to have correctly guessed the RBA's next move.

Ryanair cancels European flights

Turning to Europe, the low-cost airline Ryanair says it has had to cancel more than 250 flights to France due to a planned strike by French air traffic controllers.

The airlines says further cancellations are likely.

The air traffic controllers has told the French Civil Aviation Authority that the strike would take place on Wednesday and Thursday.