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LG Display aims to diversify suppliers due to South Korea-Japan spat

LG Display aims to diversify suppliers due to South Korea-Japan spat
SEOUL (Reuters) – LG Display Co Ltd (034220.KS) on Tuesday said it is looking to diversify its supplier base in case a diplomatic spat sees Japan extend export curbs on display-making materials bound for South Korea. FILE PHOTO: A man walks out of the headquarters of LG Display in Seoul, October 20, 2011. REUTERS/Jo Yong-Hak/File Photo Japan this month placed... Read More

Carmakers drive Europe higher, Johnson batters sterling

Carmakers drive Europe higher, Johnson batters sterling
LONDON (Reuters) – A wave of central bank easing and positive soundings from the earnings season buoyed world stocks on Tuesday, while Britain’s pound fell before the expected confirmation of hard-Brexit advocate Boris Johnson as the country’s prime minister. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, July 22, 2019.... Read More

Oil edges further above $63 on Mideast tensions

Oil edges further above $63 on Mideast tensions
LONDON (Reuters) – Oil edged further above $63 a barrel on Tuesday, supported by rising tensions in the Middle East after Iran’s seizure of a British tanker last week, although signs of faltering demand capped gains. FILE PHOTO: Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China December 7, 2018. REUTERS/Stringer/File Photo Iran’s... Read More

Top investors lose $1 billion as China’s Nasdaq-style board reverses on day two

Top investors lose $1 billion as China’s Nasdaq-style board reverses on day two
SHANGHAI (Reuters) – The biggest shareholders in China’s new Nasdaq-style STAR Market lost a combined $1 billion in the second day of trade on Tuesday, a day after the board’s roaring debut created three new billionaires. FILE PHOTO: A sign for STAR Market, China’s new Nasdaq-style tech board, is seen after the listing ceremony of the first batch of companies... Read More

LG Display says to diversify suppliers due to South Korea-Japan spat

LG Display says to diversify suppliers due to South Korea-Japan spat
SEOUL (Reuters) – South Korea’s LG Display Co Ltd (034220.KS) said it is looking to diversify its supplier base as it prepares for expanded trading curbs from Japan on some display-making materials which threaten to impact the broader tech industry. FILE PHOTO: A man walks out of the headquarters of LG Display in Seoul, October 20, 2011. REUTERS/Jo Yong-Hak/File Photo... Read More

Diversity helps UBS defy banking gloom with profit rise

Diversity helps UBS defy banking gloom with profit rise
ZURICH (Reuters) – UBS (UBSG.S) delivered its best second-quarter results in nearly a decade on Tuesday, as strength in Swiss retail and corporate banking helped to offset weakness in wealth management. FILE PHOTO: A man walks past a UBS logo projected on a screen in Singapore, January 14, 2019. REUTERS/Feline Lim/File Photo Switzerland’s biggest bank also said gains in its... Read More

China’s BAIC buys 5% Daimler stake to cement alliance

China’s BAIC buys 5% Daimler stake to cement alliance
FILE PHOTO: An employee works on an assembly line producing Mercedes-Benz cars at a factory of Beijing Benz Automotive Co. (BBAC) in Beijing, China, August 31, 2015. REUTERS/Kim Kyung-Hoon/File Photo FRANKFURT (Reuters) – China’s Beijing Automotive Group Co Ltd (BAIC) has bought a 5% stake in Daimler (DAIGn.DE), cementing its relationship with the German carmaker after China’s Zhejiang Geely Holding... Read More

Huawei head says group can sign ‘no backdoor’ deal with any country: Italy paper

Huawei head says group can sign ‘no backdoor’ deal with any country: Italy paper
FILE PHOTO: Huawei founder Ren Zhengfei attends a panel discussion at the company headquarters in Shenzhen, Guangdong province, China June 17, 2019. REUTERS/Aly Song/File Photo MILAN (Reuters) – Huawei Technologies, the Chinese technology and telecoms group under pressure from the United States, is ready to sign a “no backdoor” agreement with any country, its founder told an Italian newspaper on... Read More

ECB, Fed rate cut hopes lift global stocks, sterling sags

ECB, Fed rate cut hopes lift global stocks, sterling sags
TOKYO (Reuters) – Expectations that the European Central Bank and Federal Reserve will cut interest rates boosted stocks globally, while the pound sagged on worries that likely new prime minister Boris Johnson would lead Britain into a no-deal exit from the European Union. FILE PHOTO: Visitors look at a stock quotation board at Tokyo Stock Exchange in Tokyo Japan, October... Read More

South Korea’s LG Display posts deeper second quarter loss on TV panel supply glut

South Korea’s LG Display posts deeper second quarter loss on TV panel supply glut
FILE PHOTO: A man walks out of the headquarters of LG Display in Seoul, October 20, 2011. REUTERS/Jo Yong-Hak/File Photo SEOUL (Reuters) – South Korea’s LG Display Co Ltd (034220.KS) on Tuesday posted a deeper second-quarter operating loss that missed analyst estimates, as a global supply glut pushed down prices of screens for television sets. The Apple Inc (AAPL.O) supplier’s... Read More