Samsung Electronics to launch Galaxy Fold in September after screen problems
Samsung Electronics Co Ltd’s first foldable smartphone, the Galaxy Fold, will go on sale from September in selected markets after the launch was delayed by screen problems earlier this year, the company said on Thursday.
Citi hires JPMorgan asset management executive for Asia equities business
Citigroup said on Thursday it has hired Curt Engler, a senior executive from JPMorgan’s asset management business in New York, as its Asia Pacific head of equities execution services.
Oil steadies after global demand worries spark fall
Oil ticked higher early on Thursday after falling in the previous session as more signs of slowing global growth added to demand concerns, with Middle East tensions underpinning prices.
Salesforce expands footprint into China with Alibaba partnership
Salesforce.com Inc said on Wednesday it will partner with Chinese e-commerce company Alibaba Group Holdings Ltd , as the U.S. cloud-based service provider looks to make inroads into the Chinese software market with its products.
Asian shares dither ahead of ECB outcome, euro near two-month lows
Asian shares were cautious on Thursday, shrugging off a tech-fuelled rally on Wall Street while the euro hovered near two-month lows as soft economic data bolstered expectations of rate cuts in Europe.
Tesla needs more time to turn profit; founding engineer steps down
Tesla Inc on Wednesday pushed back its profit timeline once again after missing financial targets in the second quarter, while announcing that the pioneer of the company’s electric batteries, J.B. Straubel, was stepping down from his role as chief tec…
To survive trade war, some U.S. importers embark on major revamps of product lines
When U.S President Donald Trump tweeted in May his intention to raise tariffs on Chinese goods, management at California-based NewAir Appliances knew they needed to do something or their business would be in trouble.
Xilinx resumes some Huawei sales, but lower forecast sends shares down
Xilinx Inc said it had resumed some sales to Huawei Technologies Co Ltd but forecast current-quarter revenue below Wall Street estimates on Wednesday, citing the impact of U.S. restrictions on selling to the Chinese telecommunications firm.
Tesla target for profit pushed back to fourth-quarter, shares down 11.5%
Tesla Inc on Wednesday missed financial targets in its second quarter despite record deliveries of its electric vehicles, adding that the carmaker will break even this quarter, rather than post a profit.
Explainer: What Google, Facebook could face in U.S. antitrust probe
The U.S. Department of Justice is investigating whether big technology companies are engaged in anticompetitive behavior, addressing a rising tide of criticism they have become too powerful to the detriment of consumers.
