By Andrew Galbraith SHANGHAI (Reuters) – Asian shares tumbled to their lowest in nearly 15 months, short-term U.S. yields rose to 23-month highs and the dollar strengthened on Thursday after the Federal Reserve’s chairman signalled plans to steadily tighten policy. At the same time, rising investor concerns over political tensions between Russia and Ukraine exacerbated…
(Reuters) – Apple Inc is planning a new service that will allow small businesses to accept payments directly on their iPhones without any extra hardware, Bloomberg News reported on Wednesday, citing people with knowledge of the matter. For payments to get accepted on an iPhone, retailers currently use payment terminals to receive money on their…
By Heekyong Yang and Jihoon Lee SEOUL (Reuters) -LG Energy Solution Ltd (LGES) saw its shares almost double in price on their trading debut on Thursday, making the electric vehicle (EV) battery maker South Korea’s second-most valuable company. LGES stock began trade at 597,000 won, 99% above the 300,000 won price set in South Korea’s…
SEOUL, South Korea (AP) — Samsung Electronics Co. said Thursday its operating profit for the last quarter rose by more than 53% from the same period last year as it continued to thrive during the pandemic while relying on its dual strength in parts and finished products. Samsung’s operating profit of to 13.9 trillion won…
BEIJING (Reuters) – Oil prices fell on Thursday as investors cashed in profits from the 2% gains in the previous session after the U.S. Federal Reserve indicated an interest rate hike in March, leading to a technical correction in surging energy markets. Futures pulled back amid a broader decline in financial markets triggered by the…
HONG KONG (Reuters) – Shares of China Evergrande Group fell 5.7% to HK$1.67, lowest since Jan. 19, after the debt-laden developer said it targets to have a restructuring proposal within six months. That compared to a 2% drop in the benchmark Hang Seng Index and a 3.4% decline in the Hang Seng Mainland Properties Index….
By Heekyong Yang and Jihoon Lee SEOUL (Reuters) -LG Energy Solution Ltd (LGES) jumped in its trading debut on Thursday after South Korea’s biggest-ever IPO attracted bids worth $13 trillion, making it the country’s second-most valuable company. LGES shares opened at 597,000 won versus an initial public offering (IPO) price of 300,000 won. But the…
By Joyce Lee and Heekyong Yang SEOUL (Reuters) -Samsung Electronics Co Ltd on Thursday forecast a recovery in global tech device demand in 2022 after reporting its best fourth-quarter profit in four years, but warned of ongoing challenges from supply chain issues and COVID-19. The tech giant said its memory chip business this year “expects…
By Joyce Lee and Heekyong Yang SEOUL (Reuters) – Samsung Electronics Co Ltd on Thursday forecast a recovery in global demand for tech devices in 2022 after reporting its highest fourth-quarter profit in four years, but warned of ongoing challenges from supply chain issues and COVID-19. Fourth-quarter profit for the world’s largest memory chip and…
By Hyunjoo Jin and Nivedita Balu SAN FRANCISCO (Reuters) – Tesla Inc on Wednesday forecast annual deliveries would comfortably grow by more than 50% year-over-year in 2022 despite supply chain issues that it said would continue through this year and limit electric vehicle production. The upbeat outlook from CEO Elon Musk sent shares up 1.6%…
