Samsung unveils new foldable smartphones, seeking to keep lead in growing market

The logo of Samsung Electronics is seen at its headquarters in Seoul, South Korea, April 4, 2016. REUTERS/Kim Hong-Ji/File Photo Register now for FREE unlimited access to Register SEOUL, Aug 10 (Reuters) – Samsung Electronics (005930.KS) unveiled its latest high-end foldable smartphones on Wednesday, keeping prices at the same level as last year’s in … Read more

As the US eyes new China chip curbs, turmoil looms for the global market

Any US export block may affect global chip supply – analysts Move would hinder Samsung, SK Hynix upgrading China plants Samsung, SK Hynix together supply over 50% of global NAND chips Curbs could change where future chip plants are built -analyst SEOUL, Aug 3 (Reuters) – Export restrictions being considered by Washington to halt China’s … Read more

Big Tech in finance? There’s a regulator for that

The logo for Amazon Web Services (AWS) is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren Register now for FREE unlimited access to Register WASHINGTON, Aug 1 (Reuters Breakingviews) – Technology companies have stormed the heights of consumer finance, but they don’t face the regulation … Read more

Italy’s Fincantieri to cut debt, focus on core business after H1 loss

Shipbuilder of Fincantieri works over a cruise ship under construction at Monfalcone shipyard near Trieste at Monfalcone shipyard near Trieste, in northeastern Italy, April 21, 2016. REUTERS/Alessandro Bianchi Register now for FREE unlimited access to Register MILAN, July 27 (Reuters) – Italian shipbuilder Fincantieri (FCT.MI) on Wednesday vowed to lower its debt in the … Read more

US business borrowing for equipment falls 1% in June – ELFA

July 25 (Reuters) – US companies borrowed 1% less in June to finance their investments in equipment compared to a year earlier, the Equipment Leasing and Finance Association (ELFA) said on Monday. The companies signed up for $10.3 billion in new loans, leases and lines of credit last month, compared with $10.4 billion a year … Read more

S.Korean EV battery maker SK On seeks $3.1 bln in pre-IPO funding – newspaper

The logo of SK Innovation is seen in front of its headquarters in Seoul, South Korea, February 3, 2017. REUTERS/Kim Hong-Ji/ Register now for FREE unlimited access to Register SEOUL, July 21 (Reuters) – South Korean electric vehicle (EV) battery maker SK On has been in talks with global private equity firms to raise … Read more

As EVs go mainstream, a rush for share of the home charger market

BEDFORD, England, July 20 (Reuters) – With electric vehicles (EVs) catching on, the scramble for market share among startups selling home chargers is heating up and that will feed further dealmaking in the sector as tens of millions of units are installed globally over the next decade. According to a Reuters analysis, more than 100 … Read more

Tesla EV sales gaining momentum in Australia – chair

A Tesla Model S electric vehicle is shown in San Francisco, California. US, April 7, 2016. Alexandria Sage / File Photo Register now for FREE unlimited access to Register MELBOURNE, July 19 (Reuters) – Tesla Inc’s (TSLA.O) electric vehicle (EV) sales are rapidly picking up off a low base in Australia and are set … Read more

Apple hovers above the competition even as the smartphone market stumbles, sources say

July 13 (Reuters) – The global smartphone market may be in the toilet, but the iPhone 13 continues to sell well, and Apple Inc (AAPL.O) is expecting its upcoming iPhone 14 to do even better at launch. Apple’s slightly higher expectations for the forthcoming iPhone 14 underscore a growing belief among Wall Street analysts that … Read more

Volkswagen, partners to invest over $ 20 bln in car battery business

SALZGITTER, Germany, July 7 (Reuters) – Volkswagen (VOWG_p.DE) said on Thursday it would invest over 20 billion euros ($ 20.38 billion) in a battery cell business jointly with partners, creating 20,000 jobs and reaching annual sales above 20 billion euros by 2030 as it seeks leadership in the growing market. The PowerCo unit will manage … Read more