By Joyce Lee and Manya Saini (Reuters) -Samsung Electronics and Micron Technology, two of the world’s largest memory chip makers, warned that strict COVID-19 curbs in the Chinese city of Xian could disrupt their chip manufacturing bases in the area. The lockdown in the city puts further pressure on global supply chains and adds…
By Wayne Cole SYDNEY (Reuters) – Asian shares flatlined on a slow Thursday as the spread of Omicron clouded what is the last trading day of the year for many exchanges, while oil was close to finishing 2021 with gains of more than 50%. With coronavirus cases hitting record highs, many countries are trying to…
By Chen Lin SINGAPORE (Reuters) – Singapore’s economic growth is expected to have moderated in the fourth quarter, partly hurt by uncertainty caused by the Omicron COVID-19 variant and analysts say the outlook for next year will hinge on the global progress made against the pandemic. Gross domestic product (GDP) is seen expanding 5.4% from…
(Reuters) – Samsung Electronics and Micron Technology, two of the world’s largest memory chip makers, warned that a COVID-19 lockdown in the Chinese city of Xian could affect their chip manufacturing bases in the area. Micron said on Wednesday the lockdown could lead to delays in the supply of its DRAM memory chips, which…
(Reuters) -Samsung BioLogics on Thursday denied a media report that said the South Korean firm was in talks to buy U.S. drugmaker Biogen Inc. Korea Economic Daily reported https://www.kedglobal.com/newsView/ked202112290011?lang=us on Wednesday, citing investment banking sources, that Biogen had approached Samsung to buy its shares, which could be valued at more than $42 billion. Biogen…
MELBOURNE (Reuters) – Oil prices rose on Thursday to extend several consecutive days of gains, buoyed by data showing U.S. fuel demand holding up well despite soaring Omicron coronavirus infections. Brent crude futures rose 17 cents, or 0.2%, to $79.40 a barrel at 0217 GMT, climbing for a fourth day in a row. U.S….
HONG KONG (Reuters) – Shares of China Evergrande Group fell 9% in opening trades in Asia after a report that it did not pay offshore coupons worth $255 million due on Tuesday. Bloomberg News said the due date passed with no sign of payment by the embattled property developer. The payments have a 30-day…
By Alun John HONG KONG (Reuters) – The dollar and yen were at the low end of their recent ranges in thin holiday trading on Thursday, having fallen overnight as investors favoured riskier currencies along with equities. The moves seemed to be linked to recent improved sentiment as many governments resist imposing new, widespread…
By Scott Murdoch and Kane Wu (Reuters) -SenseTime Group shares rose 1.6% from their initial public offering (IPO) price as they debuted on the Hong Kong Stock Exchange on Thursday. The Chinese artificial intelligence (AI) start-up raised $740 million in its IPO and priced its shares at HK$3.85 ($0.4937) each, at the bottom of…
By Wayne Cole SYDNEY (Reuters) – Asian share markets got off to a listless start on Thursday as the spread of Omicron clouded what is the last trading day of the year for many exchanges around the globe, while oil was close to finishing 2021 with gains of more than 50%. With coronavirus cases…
