Tag: “Sector”

China’s Huawei poised to overcome US ban with return of 5G phones, research firms say

US-sanctioned giant likely to produce 5G chips domestically
Chips expected to use Huawei EDA tools and SMIC production
Semiconductors could have relatively low yield rate of 50%

Broadcom’s $61 billion VMware deal wins conditional EU antitrust OK

U.S. chipmaker Broadcom secured EU antitrust approval on Wednesday for its $61 billion proposed acquisition of cloud computing firm VMware.

Roku Stock Soars on Shopify Deal for Click-to-Buy TV Advertising

Roku ROKU +11.14% stock surged Tuesday after the streaming TV platform company said it was teaming with the e-commerce software company Shopify SHOP +1.72% to allow viewers to buy products directly through their TVs from Shopify merchants.

Central banks in Asia could soon diverge from the Fed, Nomura says

Central banks in Asia are likely to cut rates before the Federal Reserve, indicating a decoupling ahead, Nomura economists wrote.

JPMorgan hires former SVB exec to lend to Silicon Valley startups

JPMorgan Chase (JPM) is turning to a top former Silicon Valley Bank executive for help lending to startups.

Alibaba, JD.Com, Other China Stocks Rebound Amid Optimism The Tech Crackdown Is Over

U.S.-listed Chinese stocks rose on Tuesday on hopes that authorities’ three-year crackdown on technology companies is coming to a close.

Apple launches online store on China’s giant WeChat messaging app

Apple on Tuesday launched an online store on Tencent’s WeChat messaging app in China.

Jeweller Bulgari apologises after Taiwan listing sparks fury in China

SHANGHAI, July 11 (Reuters) – High-end jeweller Bulgari has apologised after allegedly listing Taiwan as independent from China on an overseas website, sparking a furious response on Chinese social media.

Microsoft confirms more job cuts on top of 10,000 layoffs announced in January

Microsoft confirmed Monday that it’s eliminating additional jobs, a week after the start of its 2024 fiscal year.

Berkshire Buys Bigger Stake in LNG Facility. It Doesn’t Fear Fossil Fuels.

Berkshire Hathaway BRK.B +0.07% ’s big utility and energy division purchased a 50% stake in the Cove Point liquefied natural gas facility in Maryland for $3.3 billion, lifting its stake in the plant to 75%, according to the Berkshire unit.

Amazon dangles deeper ‘Prime Day’ discounts for stressed US shoppers

July 11 (Reuters) – Amazon.com (AMZN.O) hopes to tempt U.S. shoppers on Tuesday to open inflation-thinned wallets by offering deeper discounts on a wide range of goods and services during this year’s “Prime Day” 48-hour shopping event, including its first-ever travel discounts.

Calvin Klein Owner PVH to Cut More Jobs as It Ramps Up Cost-Saving Drive

PVH , the parent of the Calvin Klein and Tommy Hilfiger brands, said on Tuesday it is cutting more jobs—adding to those announced last year.

Morgan Stanley: Το καλό και το κακό σενάριο για τις ελληνικές τράπεζες

Τα σενάρια που εξετάζει ο οίκος για τις τέσσερις συστημικές τράπεζες και οι αποκλίσεις στις τιμές-στόχους, στη σκιά μεγαλύτερων ή μικρότερων αρνητικών ή θετικών εκπλήξεων.

Novavax Stock Surges 26%. It’s Getting $350 Million for Canceled Covid Shots.

Shares of Covid-19 manufacturer Novavax were surging after the company said it will receive $350 million from Canada to settle forfeited vaccine doses that were supposed to be delivered.

Foxconn dumps $19.5 bln Vedanta chip plan in blow to India

BEIJING/SHANGHAI, July 10 (Reuters) – China’s passenger vehicle sales fell in June, data from the China Passenger Car Association (CPCA) showed on Monday, as a stumbling economic recovery led to more consumer caution on big-ticket spending.

China’s car sales shrink 2.9% in June as big-ticket spending falters

BEIJING/SHANGHAI, July 10 (Reuters) – China’s passenger vehicle sales fell in June, data from the China Passenger Car Association (CPCA) showed on Monday, as a stumbling economic recovery led to more consumer caution on big-ticket spending.

Alibaba shares rise after Chinese regulators fine Ant Group, ending regulatory uncertainty

Alibaba’s Hong Kong-listed shares rose 3% Monday amid hopes that the yearslong scrutiny of its financial arm Ant Group is coming to an end.

Iraq, TotalEnergies sign massive oil, gas, renewables deal

BAGHDAD, July 10 (Reuters) – Iraq and French oil major TotalEnergies (TTEF.PA) on Monday signed a long-delayed $27 billion energy deal that aims to increase oil production and boost the country’s capacity to produce energy with four oil, gas and renewables projects.

China’s producer prices sink again in June in latest sign of stalled recovery

China’s annual producer prices sank for a ninth-straight month in June, while consumer prices remain unchanged, official data showed Monday, underscoring the depth of the challenges that beset the world’s second-largest economy in reviving demand and revitalizing growth.

Πρόταση Intrum για SPV «ομπρέλα» για τα NPEs των τραπεζών

Μοντέλο Ιταλίας στη διαχείριση NPE προωθεί η Intrum. Προβλέπει πρόταση για σύσταση SPV στο οποίο θα μεταφερθούν τα NPEs που έχουν απομείνει στις ελληνικές τράπεζες. Τα οφέλη της λύσης.