By Hyunjoo Jin and Heekyong Yang SEOUL (Reuters) -Samsung Electronics sought to inject impetus into its memory and foundry chip units by appointing new leaders on Wednesday, as it scrambles to catch SK Hynix and Taiwan’s TSMC in the booming AI chip market. The world’s biggest memory chipmaker reavowed its faith in semiconductor chief Jun…
CANBERRA (Reuters) – The Australian government on Wednesday introduced a bill into parliament that would impose potentially billion-dollar fines on big supermarket chains that fail to comply with an industry code of conduct ensuring they do not mistreat suppliers. The legislation follows accusations from politicians and farmers that the biggest supermarket chains are using their…
SHANGHAI (Reuters) – Volkswagen (ETR:VOWG_p) will exit its controversial plant in China’s Xinjiang region after it and its Chinese partner agreed to sell the asset to a Shanghai government-owned buyer, two people familiar with the matter said on Wednesday. The German automaker and SAIC will sell the plant to Shanghai Motor Vehicle Inspection Certification (SMVIC),…
Investing.com– Most Asian currencies were largely unchanged on Wednesday, while the Japanese yen firmed against the dollar as markets were worried about the implications of new tariffs under incoming U.S. President Donald Trump. The dollar retreated slightly as focus turned to crucial economic data from the world’s largest economy for more cues on interest rates….
SHANGHAI (Reuters) – China’s Hesai Group, the world’s largest maker of lidar sensors for autonomous driving, said it plans to slash the price of its key product by half next year which should lead to far wider adoption of the technology in electric cars. “We are moving to a stage where millions of cars sold…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Demand for options protection against an equity market crash is rising, even as a post-election rally takes U.S. stocks to record highs. Worries over the possibility of a contested election dissipated following President-elect Donald Trump’s victory earlier this month, helping the S&P 500 climb to an all-time…
By Naomi Rovnick and Dhara Ranasinghe LONDON (Reuters) – As the euro heads for its worst month since early 2022, analysts warn that a wild ride in the currency could be the next source of global market volatility after gyrations in Japan’s yen sparked a bout of cross-asset turmoil in August. Europe’s single currency has…
By Helen Reid LONDON (Reuters) – Heavy online marketing spending by Temu and Shein is making it more costly for other retailers and brands to reach shoppers on Black Friday, marketing and industry experts say, with both platforms bidding heavily on search keywords used by competitors. Typing a few words into a search engine is…
Investing.com– Analysts at (0:Mizuho) cut their price target on Dell Technologies (NYSE:DELL) following weak earnings and guidance from the PC maker, but noted that Dell remains well-positioned to capitalize on the artificial intelligence boom. Mizuho cut Dell’s price target to $150 from $155, and maintained the stock at Outperform. Dell reported revenue of $24.4 billion…
Investing.com– Bitcoin fell for a third straight session on Wednesday as traders continued to lock-in profits from a recent rally, while anticipation of more cues on U.S. policy also spurred caution. The world’s largest cryptocurrency has been on an extended downturn since late last week as investors locked-in profits from a run-up to record highs….
