Business

Samsung, SK Hynix to announce major chip deals with US tech companies, Seoul says

Friday, July 24 by SRN News

SEOUL, July 24 (Reuters) - South Korean chipmakers Samsung Electronics and SK Hynix will announce large supply deals with U.S. technology companies during President Lee Jae Myung's visit to San Francisco, a senior presidential official said. Kim Yong-beom, the president's policy adviser, told reporters on... Read More.

Taiwan central bank says it has good communications with US Treasury after currency report

Friday, July 24 by SRN News

TAIPEI, July 24 (Reuters) - Taiwan's central bank on Friday emphasised its good relations with the U.S. Treasury Department, in response to the Treasury's latest semi-annual currency report which included Taiwan on its "monitoring list" along with nine other economies. In its statement, the central... Read More.

Wall St futures tick higher after tech rout; Mideast, tariffs in focus

Friday, July 24 by SRN News

By Ragini Mathur July 24 (Reuters) - U.S. stock index futures edged higher on Friday after a tech-led selloff in the previous session, as investors weighed fresh earnings, escalating Middle East tensions and a new tariff announcement from the Trump administration. Intel added to the week's... Read More.

China slaps export controls on 14 EU entities in retaliation for Russia-related sanctions

Friday, July 24 by SRN News

BEIJING (AP) - China announced on Friday it was adding 14 European entities to an export control list in retaliation for the European Union penalizing 14 Chinese enterprises as part of its latest round of sanctions against Russia. Chinese companies will not be allowed to... Read More.

China’s CATL sees net profit rise 42% in first half

Friday, July 24 by SRN News

BEIJING, July 24 (Reuters) - Chinese battery giant CATL posted a 42% year-on-year rise in first-half net profit, supported by robust growth in its energy storage business that offset softer demand in the electric vehicle market. Net profit climbed to 43.3 billion yuan ($6.39 billion)... Read More.

World Cup boom, Middle East gloom could split earnings for US travel firms

Friday, July 24 by SRN News

By Anshuman Tripathy and Megavarshini G. Somasundaram July 24 (Reuters) - A host of U.S. hotel operators and online travel platforms are set to release second-quarter earnings starting next week, and investors will weigh optimism from a FIFA World Cup boost against concerns over... Read More.

US auto safety regulator denies petition seeking Tesla door-release defect probe

Friday, July 24 by SRN News

July 24 (Reuters) - The U.S. National Highway Traffic Safety Administration has denied a petition seeking a defect investigation into the emergency mechanical door release on about 180,000 Tesla Model 3 vehicles. NHTSA said the petition did not present evidence of a likely safety-related defect... Read More.

Exclusive-Defense tech company Anduril in talks to raise funding at about $100 billion valuation

Friday, July 24 by SRN News

By David Jeans and Echo Wang NEW YORK, July 24 (Reuters) - Defense tech firm Anduril is in discussions with investors for a new funding round that could see it valued at roughly $100 billion, rivaling companies such as Northrop Grumman and Lockheed Martin, two... Read More.

Analysis-Fuel swings turn US airline earnings forecasts into moving targets

Friday, July 24 by SRN News

By Rajesh Kumar Singh CHICAGO, July 24 (Reuters) - A rapid rise in jet fuel prices is forcing U.S. airlines to rewrite earnings expectations, exposing how quickly higher fuel costs can outpace revenue gains from strong travel demand. American Airlines was prepared to raise its 2026... Read More.

Chairman of South Korean tech giant SK ordered to pay $640 million in divorce case

Friday, July 24 by SRN News

SEOUL, South Korea (AP) - A South Korean court on Friday ordered billionaire SK Group Chairman Chey Tae-won to pay his ex-wife 944 billion won ($640 million) in a case that the national media dubbed the "divorce of the century." The Seoul High Court's ruling... Read More.

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Current Weather

Samsung, SK Hynix to announce major chip deals with US tech companies, Seoul says

Taiwan central bank says it has good communications with US Treasury after currency report

Wall St futures tick higher after tech rout; Mideast, tariffs in focus

China slaps export controls on 14 EU entities in retaliation for Russia-related sanctions

China’s CATL sees net profit rise 42% in first half

World Cup boom, Middle East gloom could split earnings for US travel firms

US auto safety regulator denies petition seeking Tesla door-release defect probe

Exclusive-Defense tech company Anduril in talks to raise funding at about $100 billion valuation

Analysis-Fuel swings turn US airline earnings forecasts into moving targets

Chairman of South Korean tech giant SK ordered to pay $640 million in divorce case

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