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 Reuters.com 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

Apple supplier Foxconn cautious on outlook as smartphone sales slow

A motorcyclist rides past the logo of Foxconn, the trading name of Hon Hai Precision Industry, in Taipei, Taiwan March 30, 2018. REUTERS/Tyrone Siu Register now for FREE unlimited access to Reuters.com Register Q2 profit T$33.29 bln vs T$29.78 bln a year ago; market T$31.02 bln Q2 revenue rose 12% to T$1.5 trillion Says smartphones … Read more

SoftBank steps up asset sales from sinking portfolio

A journalist raises her hand to ask a question to Japan’s SoftBank Group Corp Chief Executive Masayoshi Son during a news conference in Tokyo, Japan, November 5, 2018. REUTERS/Kim Kyung-Hoon/File Photo/File Photo Register now for FREE unlimited access to Reuters.com Register TOKYO, Aug 9 (Reuters) – SoftBank Group Corp (9984.T) is accelerating asset sales after … Read more

Take-Two forecasts annual adjusted sales below estimates on waning demand

Aug 8 (Reuters) – Take-Two Interactive Software Inc (TTWO.O) forecast its annual adjusted sales below expectations on Monday, crippled by waning demand for many of its titles as easing of COVID-19 constraints dampens stay-at-home gaming . Shares of the New York-based company, which fell nearly 30% this year, dropped 7% in extended trading. The surging … Read more

Analysis: Why the banks financing Musk’s Twitter deal are unlikely to be able to help him walk away

An image of Elon Musk is seen on smartphone placed on printed Twitter logos in this picture illustration taken April 28, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register Aug 5 (Reuters) – The banks that agreed to finance Elon Musk’s $44 billion acquisition of Twitter Inc (TWTR.N) have a … Read more

India’s Pine Labs eyes $4-5 billion in monthly payments volume from new business

MUMBAI, Aug 5 (Reuters) – India’s Pine Labs is targeting $4 billion to $5 billion in monthly transactions within two years for its new online payments business, its chief executive told Reuters. At that point, online payments should contribute 20% of revenue, Pine Labs chief executive Amrish Rau said, disclosing the company’s targets for the … Read more

TSX gains as US economic data bolsters tech shares

A sign board displaying Toronto Stock Exchange (TSX) stock information is seen in Toronto June 23, 2014. REUTERS/Mark Blinch/File Photo Register now for FREE unlimited access to Reuters.com Register TSX ends up 40.61 points, or 0.2%, at 19,545.94 Tech rallies 4.6 with Shopify up 10.8% Financials end 1.2% higher Energy falls 4.2% as oil prices … Read more

Robinhood shares jump 12% on job cuts, smaller-than-feared loss

The logo of Robinhood Markets Inc is seen at a pop-up event on Wall Street after the company’s IPO in New York City, US, July 29, 2021. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com Register Aug 3 (Reuters) – Shares of Robinhood Markets Inc closed up nearly 12% on Wednesday, a … Read more

PayPal registers to Indonesia’s licensing rules, access unblocked

PayPal app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register JAKARTA, Aug 3 (Reuters) – US payments firm PayPal (PYPL.O) has registered as an electronic systems operator in Indonesia and its customers can now access its services, the company said … 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