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May 24, 2022

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Samsung to invest $356 billion over five years in strategic sectors

Reuters
SEOUL, May 24 (Reuters) – Samsung Group will invest 450 trillion won ($356 billion) in the next five years to accelerate growth in semiconductors, biopharmaceutical and other next-generation technologies, Samsung Electronics (005930.KS) said. South Korea’s top conglomerate said on Tuesday the investments through 2026 are expected to help Samsung drive......

BlackRock moves to sidelines on developed market equities

Reuters
NEW YORK, May 23 (Reuters) – BlackRock Investment Institute cut its ratings of developed market (DM) equities to “neutral” from “overweight” on Monday, citing the U.S. Federal Reserve’s potentially overzealous efforts to curb inflation and signs of economic slowdown in China. Regarding the Fed’s ramped-up rhetoric “vowing to bring inflation......

Wall Street ends mixed, Tesla falls

Reuters
A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., May 19, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Ross Stores plunges after cutting 2022 forecast May 20 (Reuters) – Wall Street ended mixed on......

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......

Toyota warns profit to skid 20% as raw materials costs pile up

Reuters
A man walks past a Toyota logo at the Tokyo Motor Show, in Tokyo, Japan October 24, 2019. REUTERS/Edgar Su Register now for FREE unlimited access to Reuters.com Register Sees FY oper profit at 2.4 trillion yen vs 3 trillion yen yr-ago Q4 operating profit down 33% on year; shares......

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,......

U.S. Congress edges toward massive China competition bill, with Iran votes

Reuters
Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. REUTERS/Aly Song/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, May 4 (Reuters) – The U.S. Congress edged closer on Wednesday toward completing......

U.S. considers imposing sanctions on China’s Hikvision -FT

Reuters
Surveillance cameras are seen near the headquarters of Chinese video surveillance firm Hikvision in Hangzhou, Zhejiang province, China May 22, 2019. REUTERS/Stringer Register now for FREE unlimited access to Reuters.com Register May 4 (Reuters) – The United States is moving towards imposing sanctions on Chinese video surveillance company Hikvision (002415.SZ),......

Activist firm Elliott pushes Western Digital to split its businesses

Reuters
May 3 (Reuters) – Elliott Management on Tuesday disclosed it held a stake of nearly $1 billion in Western Digital and pushed the company to conduct a strategic review and split off its flash-memory business. New York-based Elliott, one of the world’s most prominent activist investors, argued in a letter......

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......

Volvo Cars beats profit expectations as strong demand persists

Reuters
An employee at a Volvo car dealer, wearing a protective mask is seen in a showroom, in Brussels, Belgium, May 28, 2020. REUTERS/Yves Herman Register now for FREE unlimited access to Reuters.com Register STOCKHOLM, April 28 (Reuters) – Automaker Volvo Cars (VOLCARb.ST) said on Thursday that demand for its products......

Liverpool take control of Champions League semi

BBC
Sadio Mane has scored 14 Champions League knockout goals, equalling Didier Drogba’s record for African players Liverpool took a giant stride towards another Champions League final with a commanding victory over Villarreal at Anfield. Jurgen Klopp’s quadruple-chasing Reds had to demonstrate patience to break down a Villarreal side well organised......

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......

CEO steers electric truck startup Rivian through supply chain twilight zone

Reuters
NORMAL, Ill., April 18 (Reuters) – Rivian Automotive Inc (RIVN.O) CEO R.J. Scaringe needs to sell a lot more electric vans and pickup trucks to boost a beaten down stock price and fund his ambitious long-term growth plans, but the startup is having trouble buying the parts to build them.......

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) –......

Stellantis CEO upbeat on U.S. as shareholders vote against pay package

Reuters
The logo of Stellantis is seen on a company’s building in Velizy-Villacoublay near Paris, France, February 23, 2022. REUTERS/Gonzalo Fuentes Register now for FREE unlimited access to Reuters.com Register CEO sees North America sale to grow 3% this year Co confirms forecast for double digit margin in 2022 52.12% of......

Russian forces pound key cities as West prepares new sanctions

Reuters
EU executive head says more sanctions will come U.S., EU set to ban new investment in Russia Zelenskiy says Bucha killings demand punishment Pope condemns Bucha “massacre” Ukraine reports attacks in south and east LVIV, Ukraine, April 6 (Reuters) – Russian artillery pounded the Ukrainian cities of Mariupol and Kharkiv......

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