Latest Samsung Electronics Co Ltd News

World shares mostly higher after Fed signal on rates

Jan. 31, 2019 7:23 AM EST

BANGKOK (AP) — Stock markets mostly rose Thursday after the U.S. Federal Reserve signaled it would be cautious in raising interest rates and as investors monitor U.S-China trade talks. Economic data was mixed, with one survey pointing to improved Chinese manufacturing but another showing a slowdown in...

Asia shares gain on uptick in China factory survey, Fed talk

Jan. 30, 2019 10:54 PM EST

BANGKOK (AP) — Shares rose in Asia on Thursday after a survey of Chinese manufacturers showed factory activity improved slightly in December. KEEPING SCORE: Japan's Nikkei 225 index surged 1.3 percent to 20,833.59 and the Hang Seng in Hong Kong also gained 1.3 percent, to 28,001.17. South Korea's Kospi...

Samsung quarterly operating profit fell on slower demand

Jan. 30, 2019 9:52 PM EST

SEOUL, South Korea (AP) — Samsung Electronics Co. has posted a near-30 percent drop in operating profit for the last quarter after seeing slowing global demand for its memory chips and smartphones. It still finished the year with record highs, but expects a decline in earnings this year. The South Korean...

China-US row over tech giant Huawei overshadows trade talks

Jan. 29, 2019 5:19 PM EST

BEIJING (AP) — U.S. criminal charges against Chinese electronics giant Huawei have sparked a fresh round of trans-Pacific recriminations, with Beijing demanding Tuesday that Washington back off what it called an "unreasonable crackdown" on the maker of smartphones and telecom gear. China's foreign ministry...

Q&A: What is Huawei and why does Washington worry about it?

Jan. 29, 2019 3:03 AM EST

BEIJING (AP) — Huawei is China's first global tech brand and a growing source of tension between Washington and Beijing. Huawei Technologies Ltd. is the biggest supplier of network switching gear used by phone and internet companies. It has spent a decade battling U.S. accusations it is a front for Chinese...

Huawei announces 5G smartphone based on own technology

Jan. 24, 2019 6:06 AM EST

BEIJING (AP) — Chinese tech giant Huawei announced plans Wednesday for a next-generation smartphone that will use its own technology instead of U.S. components, maneuvering to gain a competitive edge and sidestep complaints it is a security risk. The leading supplier of network switching gear for phone...

Huawei founder says company would not share user secrets

Jan. 15, 2019 10:44 PM EST

SHENZHEN, China (AP) — The founder of China's Huawei, the world's biggest supplier of network gear to phone and internet companies, says his company would not share secrets about its customers and their communication networks. Ren Zhengfei spoke in a rare meeting with foreign reporters as Huawei...

Asian shares rally on hopes for China-US trade breakthrough

Jan. 9, 2019 12:06 AM EST

BANGKOK (AP) — Shares extended gains in Asia on hopes for progress in resolving the tariffs battle between the U.S. and China as talks appeared to have been extended in Beijing. KEEPING SCORE: Japan's Nikkei 225 index gained 1.3 percent to 20,472.79 and Hong Kong's Hang Seng jumped 2.5 percent to...

CES 2019: Google brings a Disney-like ride to tech show

Jan. 8, 2019 6:52 PM EST

LAS VEGAS (AP) — The CES 2019 gadget show opened its doors Tuesday, with tech companies from giants to tiny startups showing off their latest products and services. In recent years, CES's influence has declined as Apple, Google and other major companies throw their own events to launch new wares. Still,...

Union Pacific and Occidental Petroleum jump; AutoNation dips

Jan. 8, 2019 4:23 PM EST

NEW YORK (AP) — Stocks that moved substantially or traded heavily Tuesday: Union Pacific Corp., up $12.10 to $150.75 The railroad named former Canadian National railroad executive Jim Vena as its chief operating officer. AutoNation Inc., down $1.48 to $36.18 The auto retailer said sales will be difficult...