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May 23, 2022

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Siemens Energy sees ‘need for action’ in turbine unit takeover plan

Reuters
MADRID, May 23 (Reuters) – Siemens Energy (ENR1n.DE) does not yet see signs of a recovery at wind turbine maker Siemens Gamesa (SGREN.MC), its chief executive said on Monday after launching a bid for minority holdings in the struggling unit. Siemens Energy announced the bid on Saturday after facing pressure......

Hyundai Motor Group to invest $5 billion in U.S. through 2025

Reuters
SEOUL, May 22 (Reuters) – Hyundai Motor Group said on Sunday it plans to invest an additional $5 billion in the United States through 2025 to strengthen its collaboration with U.S. firms in diverse technologies, such as robotics, urban air mobility, autonomous driving and artificial intelligence. Hyundai Motor Group, which......

Computer chip giant ASML places big bets on a tiny future

Reuters
VELDHOVEN, Netherlands, May 20 (Reuters) – ASML (ASML.AS), a semiconductor industry and stock market giant, has to think smaller. Or maybe bigger. It is building machines the size of double-decker buses, weighing over 200 tonnes, in its quest to produce beams of focused light that create the microscopic circuitry on......

Biden arrives in S.Korea with first stop at Samsung

Reuters
OSAN AIR BASE, South Korea, May 20 (Reuters) – President Joe Biden arrived in South Korea on Friday, the first stop on his first trip to Asia as president, where his attempts to counter China’s influence and build economic ties are likely to be overshadowed by North Korean threats. Biden......

Exclusive: China in talks with automakers on EV subsidy extension

Reuters
SHANGHAI, May 18 (Reuters) – China is in talks with automakers about extending costly subsidies for electric vehicles (EV) that were set to expire in 2022, aiming to keep a key market growing as the broader economy slows, three people familiar with the matter said. The move by policymakers comes......

Crypto world stabilizes, bitcoin rallies after stablecoin slide

Reuters
Bitcoin hits intra-day high above $30,000 TerraUSD collapse shakes crypto market Analysts say impact on traditional markets limited HONG KONG/LONDON/NEW YORK, May 13 (Reuters) – Cryptocurrencies steadied on Friday, with bitcoin recovering from a 16-month low after a volatile week dominated by the collapse in value of TerraUSD, a so-called......

Italy’s Prysmian navigates supply issues to 35% quarterly profit rise

Reuters
Adj. EBITDA +35% in Q1 to 288 mln euros, tops estimates Result includes positive forex impact of 15 mln euros Has guided for FY adj. EBITDA between 1.01-1.08 bln euros Free cashflow seen around 400 mln euros this year MILAN, May 12 (Reuters) – Prysmian (PRY.MI) said on Thursday it......

Chinese jet aborts takeoff, catches fire, causing minor injuries from evacuation

Reuters
Rescue workers are seen at the site where an Airbus A319 plane of Tibet Airlines caught fire after an aborted takeoff, at Chongqing Jiangbei International Airport in Chongqing, China May 12, 2022. cnsphoto via REUTERS Register now for FREE unlimited access to Reuters.com Register BEIJING, May 12 (Reuters) – China’s......

Musk says he would reverse Twitter ban on Donald Trump

Reuters
May 10 (Reuters) – Billionaire Elon Musk said Tuesday he would reverse Twitter’s ban on former U.S. President Donald Trump when he buys the social media platform, the clearest signal of Musk’s intention to cut moderation of the site. Musk, the world’s richest person and chief executive of Tesla Inc,......

Kicking the China habit: South Korea hunts tungsten treasure

Reuters
S.Korean tungsten mine gets $100 million makeover Dozens of new mineral projects launched globally Green, digital booms fuel demand for rare minerals China is pre-eminent in critical minerals supply GRAPHIC-S.Korea’s reliance on China: SANGDONG, South Korea, May 9 (Reuters) – Blue tungsten winking from the walls of abandoned mine shafts,......

Samsung Elec sees component shortages persisting in H2, solid server chip demand

Reuters
Reports record quarterly server chip sales in Q1 Smartphone market to continue to grow in H2 To increase portion of cutting-edge chip products SEOUL, April 28 (Reuters) – Samsung Electronics Co Ltd (005930.KS) said on Thursday it expects firm data centre demand for high-margin memory chips to continue in the......

Mixed picture for Taiwan firms in COVID-hit China manufacturing hub

Reuters
TAIPEI, April 20 (Reuters) – Taiwan firms making chip and electronic components reported a mixed picture on Wednesday on work resumption in the eastern Chinese city of Kunshan after COVID-19 curbs, with some warning deliveries would be postponed until next month. China has put Shanghai under a tight lockdown since......

Shanghai reports more symptomatic COVID cases as more lockdowns imposed

Reuters
Workers in protective suits ride an electric tricycle during lockdown amid the coronavirus disease (COVID-19) pandemic, in Shanghai, China, April 15, 2022. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register SHANGHAI, April 16 (Reuters) – China’s financial centre Shanghai reported a new record number of symptomatic COVID-19......

Apple, others face shipment delays as China COVID curbs squeeze suppliers – analysts

Reuters
An employee arranges Apple iPhones as customer shop at the Apple Store on 5th Avenue shortly after new products went on sale in Manhattan, in New York City, New York, U.S., March 18, 2022. REUTERS/Mike Segar Register now for FREE unlimited access to Reuters.com Register SHANGHAI/TAIPEI, April 15 (Reuters) –......

Analysis: China’s widening COVID curbs threaten global supply chain paralysis

Reuters
A worker in a protective suit walks at an entrance to a tunnel leading to the Pudong area across the Huangpu river, after restrictions on highway traffic amid the lockdown to contain the spread of the coronavirus disease (COVID-19) in Shanghai, China March 28, 2022. REUTERS/Aly Song TPX IMAGES OF......

Airbus urges European leaders to refrain from Russian titanium sanctions

Reuters
The logo of Airbus is picuted at the Airbus facility in Montoir-de-Bretagne near Saint-Nazaire, France, March 4, 2022. REUTERS/Stephane Mahe/File Photo Register now for FREE unlimited access to Reuters.com Register April 12 (Reuters) – Airbus (AIR.PA) urged Europe on Tuesday not to block imports of titanium from Russia, saying sanctions......

EXCLUSIVE India agency summons former Xiaomi head in investigation -sources

Reuters
Manu Kumar Jain, Managing Director of Xiaomi India, poses next to the logo of Xiaomi after an interview with Reuters inside his office in Bengaluru, India, January 18, 2018. REUTERS/Abhishek N. Chinnappa Register now for FREE unlimited access to Reuters.com Register NEW DELHI, April 12 (Reuters) – India’s federal financial-crime......

U.S. reviews LG Energy Solution batteries to ensure adequate recalls

Reuters
WASHINGTON/SEOUL, April 5 (Reuters) – The U.S. National Highway Traffic Safety Administration (NHTSA) on Tuesday said it is opening a review to ensure all defective batteries produced by LG Energy Solution (373220.KS) have been recalled by automakers. The auto safety agency noted Mercedes-Benz (MBGn.DE), Chrysler-parent Stellantis (STLA.MI), General Motors (GM.N)......

Amazon lines up satellite launches to take on Musk’s Starlink

Reuters
April 5 (Reuters) – Amazon.com Inc (AMZN.O) has secured rocket launches with three companies, the company said on Monday, as it spends billions on putting together a satellite constellation to beam broadband internet that will rival Elon Musk-owned SpaceX’s Starlink. The e-commerce giant said its Project Kuiper has secured 83......

Tesla delivers record vehicles in Q1; output falls as China shutdown weighs

Reuters
A Tesla logo on a Model S is photographed inside of a Tesla dealership in New York, U.S., April 29, 2016. REUTERS/Lucas Jackson/File Photo Register now for FREE unlimited access to Reuters.com Register April 2 (Reuters) – Tesla Inc (TSLA.O) on Saturday reported record electric vehicle deliveries for the first......

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