newszine

Made in China: Samsung farms out more phones to fend off rivals

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SEOUL (Reuters) – Samsung’s plan to outsource a fifth of its smartphone production to China next year may help it compete with low-cost rivals such as Huawei and Xiaomi but it’s a strategy fraught with risks, people with familiar with the move said. Samsung Electronic’s Galaxy A90 is seen on display at a Samsung store Read More

Factbox: Saudi Aramco – the oil colossus

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(Reuters) – Saudi Aramco set a price range for its blockbuster listing that implies the oil giant is worth between $1.6 trillion and $1.7 trillion, below the $2 trillion Saudi Crown Prince Mohammed bin Salman previously targeted. FILE PHOTO: A view shows branded oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October Read More

Major US-South Korea air exercise postponed, described by US as an ‘act of goodwill’ to Pyongyang

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The United States and South Korea shelved aerial drills that were set to kick off later in November and were earlier described by Pyongyang as provocative, US Defense Secretary Mark Esper announced on Sunday. At a press briefing with his South Korean counterpart Jeong Kyeong-doo in Bangkok, Esper insisted the move was not “a concession” Read More

US, South Korea postpone joint military exercise criticized by North Korea

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BANGKOK — The United States and South Korea on Sunday said they were postponing a joint military air exercise that North Korea has criticized as provocative. U.S. Defense Secretary Mark Esper and his South Korean counterpart made the announcement in Bangkok, where they were attending an Asia defense ministers’ conference. Esper told reporters he did Read More

North Korea nuclear test equivalent to ’17 times the size’ of Hiroshima

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The North Korea nuclear test in early September 2017 was so powerful that it resulted in an entire mountain being lifted off the ground and was the equivalent of “17 times the size of the bomb dropped on Hiroshima,” according to a new study. The research, published in the scientific journal Geophysical Journal International, also notes Read More

N. Korean negotiator says US offered to resume nuclear talks in December

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Pyongyang has said the US is proposing a resumption of stalled nuclear negotiations in December as they approach an end-of-year deadline set by North Korean leader Kim Jong-un for the Trump administration to offer an acceptable deal to salvage the diplomacy. North Korean negotiator Kim Myong-gil on Thursday didn’t clearly say whether the North would Read More

S. Korea, US could scale back joint drills – Pentagon chief

4 days ago NAMEX Comments Off on S. Korea, US could scale back joint drills – Pentagon chief
US military exercises with South Korea could be scaled back to aid diplomacy with the nuclear-armed North, Defense Secretary Mark Esper has signaled. The statement came after Pyongyang said it was running out of patience, AFP said. The North has long protested joint military drills, which it condemns as preparations for invasion, and has set Read More

REFILE-GLOBAL MARKETS-Asian stocks retreat as China’s growth slowdown deepens

4 days ago NAMEX Comments Off on REFILE-GLOBAL MARKETS-Asian stocks retreat as China’s growth slowdown deepens
TOKYO/SINGAPORE (Reuters) – Asian stocks fell on Thursday after soft Chinese economic data showed the trade war between Beijing and Washington hitting growth in the world’s second-largest economy. Passersby are reflected on a stock quotation board outside a brokerage in Tokyo, Japan, August 6, 2019. REUTERS/Issei Kato MSCI’s broadest index of Asia-Pacific shares outside Japan, Read More

UPDATE 1-Hyundai to make Santa Cruz pickups at Alabama plant in $410 mln expansion

5 days ago NAMEX Comments Off on UPDATE 1-Hyundai to make Santa Cruz pickups at Alabama plant in $410 mln expansion
FILE PHOTO: The logo of Hyundai Motor is pictured at the second media day for the Shanghai auto show in Shanghai, China April 17, 2019. REUTERS/Aly Song/File Photo (Reuters) – South Korean automaker Hyundai Motor (005380.KS) will start making its Santa Cruz pickup trucks at its U.S. factory in 2021, with an investment of $410 Read More

Hyundai to make Santa Cruz pickups at Alabama plant in $410 million expansion

5 days ago NAMEX Comments Off on Hyundai to make Santa Cruz pickups at Alabama plant in $410 million expansion
FILE PHOTO: The logo of Hyundai Motor is pictured at the second media day for the Shanghai auto show in Shanghai, China April 17, 2019. REUTERS/Aly Song/File Photo (Reuters) – South Korean automaker Hyundai Motor (005380.KS) will start making its Santa Cruz pickup trucks at its U.S. factory in 2021, with an investment of $410 Read More