Samsung Electronics changes chip chiefs after Chairman Lee confronts ‘crisis’
By Hyunjoo Jin and Heekyong Yang SEOUL (Reuters) -Samsung Electronics sought to inject impetus into its memory and foundry chip units by appointing new leaders on Wednesday, as it scrambles to catch SK Hynix and Taiwan’s TSMC in the booming…
Gautam Adani faces charges for securities law violations, Adani Green says
BENGALURU (Reuters) – Indian billionaire Gautam Adani has been charged in the United States for alleged securities law violations and faces potential fines but has not been charged under the U.S. Foreign Corrupt Practices Act, Adani Green Energy (NS:ADNA) said on Wednesday….
Japan stocks lower at close of trade; Nikkei 225 down 0.78%
Investing.com – Japan stocks were lower after the close on Wednesday, as losses in the Shipbuilding, Paper & Pulp and Chemical, Petroleum & Plastic sectors led shares lower. At the close in Tokyo, the Nikkei 225 declined 0.78%. The best…
Dell: Mizuho cuts PT on weak earnings, but sees long-term AI tailwinds
Investing.com– Analysts at Mizuho cut their price target on Dell Technologies (NYSE:DELL) following weak earnings and guidance from the PC maker, but noted that Dell remains well-positioned to capitalize on the artificial intelligence boom. Mizuho (NYSE:MFG) cut Dell’s price target…
Japan’s Ishiba calls on businesses to provide big wage growth next year
TOKYO (Reuters) – Japanese Prime Minister Shigeru Ishiba said on Tuesday that he would ask companies to raise wages significantly during next year’s labour negotiations in the spring, known as ‘shunto’. Ishiba made the remarks at the end of a…
Column-Forget bond vigilantes, watch the currency cops :Mike Dolan
By Mike Dolan LONDON (Reuters) – It may just be the turn of currency markets to play ‘bad cop’ to the incoming U.S. administration’s proposed tariff hikes – sideswiping its trade threats by catapulting the dollar higher. In recent decades,…