(Reuters) -Apple said on Wednesday it would spend an additional $100 billion in U.S. investments, bringing its total investment commitment to the country to $600 billion over the next four years. (Reporting by Arsheeya Bajwa in Bengaluru; Editing by Alan Barona)
By Anton Bridge TOKYO (Reuters) -Japanese technology investor SoftBank Group on Thursday booked a net profit of $2.87 billion in the first quarter, driven by gains among larger listed investments in its Vision Fund portfolio. The result will likely be welcomed by investors as SoftBank pursues its biggest spending spree since the launch of its …
SoftBank Group swings to profit in first quarter, Stargate timeline delayed Read More »
SYDNEY (Reuters) -Australia is very concerned about U.S. President Donald Trump’s latest threat to raise tariffs on pharmaceutical imports by up to 250% over the longer term, its health minister said on Thursday. Trump said this week that the United States would first impose a “small” tariff on foreign-made drugs before hiking it to 150% …
Australia worried by Trump threat to raise U.S. pharma tariffs to 250% Read More »
By Summer Zhen and Jiaxing Li HONG KONG (Reuters) -The strict customer identification rules mandated in Hong Kong’s new stablecoin law could hinder adoption of the digital currency and the city’s competitiveness in global digital finance markets, sources from the industry said. Hong Kong’s long-awaited stablecoin ordinance took effect on August 1 and positions Hong …
Hong Kong stablecoin bill’s client identity rules spark industry concern Read More »
(Reuters) -Iphone maker Apple shares rose 1.6% in early Frankfurt trade after the company committed an additional $100 billion in U.S. investments, easing concerns over the impact of Washington’s tariffs on semiconductor imports. President Donald Trump said a new 100% tariff rate he announced on Wednesday would not apply to companies that have made a …
Apple shares rise as US investment pledge eases tariff concerns Read More »
(Reuters) -Apple said on Wednesday that Samsung Electronics will supply chips from its production plant in Austin, Texas, for Apple products including iPhones. “This facility will supply chips that optimize power and performance of Apple products, including iPhone devices,” Apple said in a statement. A Samsung spokesperson declined comment. The statement was made as part …
Apple says Samsung will supply chips from Texas factory Read More »
By Joe Cash BEIJING (Reuters) -China’s exports beat forecasts in July, as manufacturers made the most of a fragile tariff truce between Beijing and Washington to ship goods, especially to Southeast Asia, ahead of tougher U.S. duties targeting transshipment. Global traders and investors are waiting to see whether the world’s two largest economies can agree …
China’s exports top forecasts as shippers rush to meet tariff deadline Read More »
By Stella Qiu SYDNEY (Reuters) -Australia’s affordable housing push has arrived in the wealthy Sydney suburb of Mosman, where new planning laws now challenge longstanding resistance to development in the leafy area known for mansions and sweeping harbour views. State authorities in Sydney and Melbourne – Australia’s two biggest cities – are stripping some planning …
Analysis-In Australia’s housing war, political shift picks newbies over NIMBYs Read More »
By Andrea Shalal, Nandita Bose and Arsheeya Bajwa WASHINGTON (Reuters) -President Donald Trump announced on Wednesday that Apple will invest an additional $100 billion in the United States, a move that could help it sidestep potential tariffs on iPhones. The new pledge raises Apple’s total domestic investment commitment in the U.S. to $600 billion over …
Trump announces $100 billion new investment pledge from Apple Read More »
SEOUL (Reuters) -South Korea’s top trade envoy Yeo Han-koo said on Thursday that Samsung Electronics and SK Hynix will not be subject to 100% U.S. tariffs on chips. Yeo said on radio that among various countries, South Korea will face the most favourable U.S. tariff rates on chips under the trade deal between Washington and …
South Korea says Samsung, SK Hynix will not be subject to 100% US chip tariffs Read More »
