By Joyce Lee and Heekyong Yang SEOUL (Reuters) -Samsung Electronics Co Ltd flagged a gradual recovery for chips in the second half of the year after its semiconductor business reported a record $3.4 billion loss on Thursday, driven by a chip glut from weak demand for tech devices. A global downturn in semiconductor purchases amid…
By Luis Jaime Acosta, Oliver Griffin and Sabrina Valle BOGOTA/HOUSTON (Reuters) – Exxon Mobil Corp is in talks with Colombia’s government in hopes of recovering its investment in a fracking pilot project as the U.S. oil major prepares to ditch upstream operations in the Andean country where the government is pushing through a fracking ban,…
By Andy Sullivan and Valerie Volcovici WASHINGTON (Reuters) – Solar and EV companies are warning that a Republican plan to slash federal spending in exchange for a hike in the U.S. debt ceiling could hobble the tax incentives that unleashed billions of dollars in green investment and created tens of thousands of jobs in Republican…
By Chen Lin and Xinghui Kok SINGAPORE (Reuters) – Vera Liu, a Singapore property agent, was panicking in the wee hours of Thursday morning after new property taxes saw two of her deals fall through. Singapore raised levies on private property purchases in a surprise move late on Wednesday night to cool the market, including…
A look at the day ahead in U.S. and global markets from Mike Dolan The Big Tech earnings season is going some way to justifying the striking outperformance of its mega cap shares this year, with Meta Platforms the latest to impress overnight and Amazon advancing ahead of its readout on Thursday. Perhaps even more…
By Tom Hals WILMINGTON, Delaware (Reuters) -When attorneys for Florida Governor Ron DeSantis appear in court to defend against Walt Disney Co’s lawsuit that accuses the Republican official of weaponizing state government, they will see a familiar face, if not always a welcome one. U.S. District Judge Mark Walker in Tallahassee has struck down several…
ROTTERDAM (Reuters) – Millions of Dutch revellers took to the streets on Thursday to celebrate King’s Day festivities, dressing in orange and enjoying open-air markets – even as trust in the man at the centre of the nationwide party sinks to a low ebb. King Willem-Alexander, whose 56th birthday is the official reason for the…
By Matteo Allievi and Natalia Siniawski (Reuters) – Spanish steelmaker Acerinox beat first quarter net profit expectations on Thursday, driven by growth in its U.S. operations, and forecast slightly better earnings in the second quarter. Net profit was 136 million euros ($150 million), well above analysts’ average forecast of 83 million euros, according to Refinitiv…
By Matteo Allievi and Natalia Siniawski (Reuters) – Spanish steelmaker Acerinox beat first quarter net profit expectations on Thursday, driven by growth in its U.S. operations, and forecast slightly better earnings in the second quarter. Net profit was 136 million euros ($150 million), well above analysts’ average forecast of 83 million euros, according to Refinitiv…
By Aditya Kalra NEW DELHI (Reuters) -The broadcast venture of India’s Reliance has struck a deal with Warner Bros Discovery Inc. for its streaming platform JioCinema, making a big push to bring Hollywood content onto the platform and compete against Netflix and Amazon. The deal between Reliance’s Viacom18 would see Warner Bros as well as…
