By Anton Bridge TOKYO (Reuters) – U.S. hedge fund Elliott Management Corp has bought a stake in Sumitomo Corp worth several tens of billions of yen, a person familiar with the situation said on Tuesday. The purchase follows Warren Buffett’s closely watched investment in the Japanese trading house. The person did not give an exact […]
SEOUL, South Korea (AP) — Samsung Electronics on Tuesday reported a 10-fold increase in operating profit for the last quarter as the expansion of artificial intelligence technologies drives a rebound in the markets for computer memory chips. The South Korean semiconductor and smartphone giant said its operating profit for the Jan-March quarter came in at […]
(Bloomberg) — Samsung Electronics Co. topped analyst earnings estimates after its semiconductor division returned to profitability, as companies like Microsoft Corp. and Alphabet Inc. led a surge in spending on artificial intelligence services. Most Read from Bloomberg The world’s largest memory chipmaker reported net income of 6.62 trillion won ($4.8 billion) in the March quarter, […]
By Emily Chow SINGAPORE (Reuters) – Oil edged down on Tuesday after Israel-Hamas ceasefire talks in Cairo helped quell market fears of an expanding conflict in the Middle East, while worries about the outlook for U.S. interest rates dragged on the market. Brent crude futures dipped 19 cents, or 0.21%, to $88.21 a barrel at […]
By Noah Browning LONDON (Reuters) – Oil steadied on Tuesday after the previous day’s drop as Israel-Hamas talks offered hopes of a ceasefire even as Red Sea attacks continued, while investors awaited signals on U.S. interest rates ahead of a key meeting on Wednesday. Brent crude futures rose 27 cents, or 0.3%, to $88.67 a […]
By Georgina McCartney (Reuters) – Oil edged down in early trade on Tuesday after Israel-Hamas ceasefire talks in Cairo helped quell market fears of an expanded conflict in the Middle East, while worries about the outlook for U.S. interest rates weighed on the market. Brent crude futures dipped 5 cents, or 0.06%, to $88.35 a […]
By Noah Browning and Deep Kaushik Vakil LONDON (Reuters) – Oil edged up on Tuesday a day after falling as Israel-Hamas talks offered hopes of a ceasefire even as Red Sea attacks continued, while investors awaited signals on U.S. interest rates ahead of a meeting on Wednesday. Brent crude futures for June, which expire on […]
By Joyce Lee and Heekyong Yang SEOUL (Reuters) -Samsung Electronics forecast demand for artificial intelligence would hold strong and tighten supply of some high-end chips, joining rivals in benefiting from a solid rebound in the battered global memory chip market. The upbeat outlook from the world’s largest memory chip maker sent its shares 1.8% higher […]
(Bloomberg) — The US push to ban TikTok marks a new phase in its approach to data security that could eventually impact everything from electric vehicles to health care, reshaping trade relations between the world’s biggest economies. Most Read from Bloomberg President Joe Biden last week signed legislation barring Chinese parent ByteDance Ltd’s ownership of […]
(Bloomberg) — The US push to ban TikTok marks a new phase in its approach to data security that could eventually impact everything from electric vehicles to health care, reshaping trade relations between the world’s biggest economies. Most Read from Bloomberg President Joe Biden last week signed legislation barring Chinese parent ByteDance Ltd’s ownership of […]
(Bloomberg) — It’s “better to ask for forgiveness than permission” when it comes to complying with the law, the billionaire founder of the Binance cryptocurrency exchange once told his team, according to the US government. Most Read from Bloomberg Now it’s time for Changpeng “CZ” Zhao to ask for forgiveness, yet prosecutors aren’t exactly in […]
(Bloomberg) — Elon Musk’s quick visit to China paid immediate dividends, with Tesla Inc. receiving in-principle approval from government officials to deploy its driver-assistance system in the world’s biggest auto market. Most Read from Bloomberg The US carmaker was granted the approval under certain conditions, according to a person with knowledge of the matter, who […]
