Toshiba should sell stake in ex-chip unit at IPO, says HK activist fund in letter
A Hong Kong-based activist investor in Toshiba Corp has asked the Japanese conglomerate to sell its entire stake in Kioxia Holdings when the flash memory chip firm is listed in an IPO that could raise up to $32 billion, according to a letter reviewed …
Cemex resumes Mexico operations after brief pause due to coronavirus
Mexican cement company Cemex said on Monday it would resume operations in the country, hours after announcing a pause, as fresh guidelines from the government permitted such a move.
Outbreak shows signs of leveling off in New York, New Jersey, but vigilance urged
The governors of New York, New Jersey and Louisiana pointed to tentative signs on Monday that the coronavirus outbreak may be starting to plateau in their states but warned against complacency as the death toll nationwide approached 11,000.
UPS employee dies of COVID-19 infection in Kentucky
A United Parcel Service Inc worker employed in Kentucky died over the weekend from a COVID-19 infection, Gov. Andy Beshear said at a public health briefing on Monday.
Asian shares cautiously gain on virus hopes, dollar slips
Asian stock markets rallied for a second day on Tuesday, and riskier currencies rose, buoyed by tentative signs the coronavirus crisis may be levelling off in New York and receding in Europe.
Samsung Electronics beats first-quarter estimates, braces for bigger blow from coronavirus
Samsung Electronics Co Ltd said on Tuesday its first-quarter operating profit likely managed to rise slightly from a slump a year earlier, as solid chip sales helped cushion the blow from the coronavirus pandemic on smartphones and TVs.
Oil gains as hopes rise for production cut amid coronavirus outbreak
Oil rose on Tuesday amid hopes that the world’s biggest producers of crude will agree to curtail production as the coronavirus pandemic ravages the global economy, even as analysts cautioned the cuts may do little to boost demand.
Vigilance urged as outbreak shows signs of leveling off in New York, New Jersey
Governors of New York, New Jersey and Louisiana pointed to tentative signs on Monday that the coronavirus outbreak may be starting to plateau but warned against complacency as the death toll nationwide topped 10,000 and the number of known infections s…
Samsung Electronics says first-quarter profit likely rose 3%, beating estimates
Samsung Electronics Co Ltd said on Tuesday its first-quarter operating profit likely rose 3% from a year earlier, slightly beating analysts’ forecasts as chip sales helped cushion the blow from the coronavirus pandemic on smartphones and TVs.
Asian shares poised to climb after Wall Street rallies
Asian markets looked poised on Tuesday to attempt another day of gains after stocks rallied on signs of a slowdown in coronavirus-related deaths, as oil prices resumed their decline on doubts about a potential Saudi-Russian pact to cut output.
