Raises EV sales target by 2030 to 2 million units from 1.87 million Use LFP batteries for the first time from around 2025 Sell two factories in China, rationalize the other two factories SEOUL, June 20 (Reuters) – Hyundai Motor will increase its average annual investment in electrification by almost two-thirds to $28 billion over … Read more
Intel to receive 10 billion euros in subsidies from Germany – source Decision highlights Berlin’s efforts to attract foreign investment Intel shares -0.7% in Frankfurt BERLIN/STOCKHOLM, June 19 (Reuters) – Germany will give U.S. chipmaker Intel 10 billion euros ($10.91 billion) in subsidies for its planned plant in Magdeburg, a source familiar with the matter … Read more
Nikkei slips, yen at 7-month low after BOJ meeting China expected to cut rates after disappointing growth US closed for holidays, awaiting Powell testimonies BOE set to hike rates 25 basis points on Thursday, oil crashes SYDNEY, June 19 (Reuters) – Asian stocks started cautiously on Monday after their best weekly run in five months, … Read more
Ease of employing 2,000 workers Poland ‘a bit hungrier’ than rivals – CEO No details of grants awarded WROCLAW, Poland/STOCKHOLM, June 16 (Reuters) – Intel (INTC.O) plans to invest up to $4.6 billion in a new semiconductor assembly and test facility near Wrocław, Poland. Poland, as part of a multi-billion dollar investment campaign across Europe … Read more
SAN FRANCISCO, June 15 (Reuters) – Alphabet Inc is warning employees about how they use chatbots, including its own Bard, as it markets the program worldwide, said four people familiar with the matter. Reuters. Google’s parent company advised employees not to enter its confidential documents into AI chatbots, the people said, and the company confirmed, … Read more
SEOUL, June 12 (Reuters) – A former Samsung Electronics (005930.KS) executive in South Korea was charged on Monday with stealing the company’s technology for a copycat chip factory in China and endangering security national economy, prosecutors said. South Korea is a chip-making powerhouse, increasingly squeezed by the geopolitical and economic rivalry between the United States … Read more
MSCI Asia ex-Japan hits highest level since April 21 Fed expected to back off rate hike this week Oil slides more than 1% on China worries SINGAPORE, June 12 (Reuters) – Asian stocks stalled in cautious trading on Monday as investors braced for central bank decisions in Europe, Japan and the United States this week, … Read more
(1/3) The DAX chart of the German stock price index is pictured on the stock exchange in Frankfurt, Germany, June 5, 2023. REUTERS/Staff European stocks come out of the red Bond markets reassess rate expectations after Canada surprise The Turkish lira stabilizes after a 7% fall on Wednesday LONDON, June 8 (Reuters) – Borrowing costs … Read more
SINGAPORE, June 6 (Reuters) – Asian stocks rose on Tuesday as weak U.S. economic data bolstered expectations that the Federal Reserve could ignore an interest rate hike at its meeting next week. MSCI’s broadest index of Asia-Pacific stocks outside Japan (.MIAPJ0000PUS) rose 0.17%, brushing off earlier losses, while Tokyo’s Nikkei (.N225) gained 0.65%. Futures indicated … Read more
Asian scholarships: Nikkei up 1.6% to break key level; high dollar Oil prices pare gains after sharp Saudi production cuts Markets bet Fed will pause in June, sees risk of July hike SYDNEY, June 5 (Reuters) – Most Asian stock markets extended their global rally on Monday on suspicion that the Federal Reserve would suspend … Read more
