World Business News

Samsung Electronics reported a record quarterly profit of $7.3 billion, nearly double last year's figure, as strong sales of high-end TVs and Galaxy smartphones more than offset reduced orders for chips and screens from Apple Inc, its main rival and leading customer.

A Chinese billionaire has made an Australian dollars 830 million ($847 million) takeover offer for Botswana copper miner Discovery Metals Ltd.

Copper edged up on Friday in line with a firmer euro after the European Central Bank said it was ready to buy bonds of troubled countries in the region, although volumes were low with top consumer China on a week-long holiday.

No one was sure whether the Samsung Galaxy Camera, first shown at the end of August, would be coming to the U.S., since the phone-camera hybrid is unlike anything that's been offered before.