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No Respite Seen for Korean Chip Giants as Analysts Slash Targets
South Korea’s NH Investment & Securities reduced on Monday its target on SK Hynix Inc. by 15 percent to 85,000 won ($75.16), citing a worse-than-expected decline in prices of dynamic random-access memory, or DRAM. Eugene Investment also lowered its price target by 15 percent, noting that earnings momentum will be weak until the first half of next year. Operating profit at the Suwon-based behemoth will likely be 13.9 trillion won in the fourth quarter, NH Investment & Securities’ Doh Hyun-Woo wrote in a note last week, missing “significantly” his previous estimate.
Mon, 17 Dec 2018 00:06:41 -0500
Oil prices pressured by oversupply, global economic concerns
Oil prices were largely steady on Monday after falling 2 percent in the previous session, but remained under pressure amid weaker growth in major economies and concerns about oversupply. International Brent crude oil futures were at $60.33 per barrel at 0423 GMT, up 5 cents, or 0.08 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $51.33 per barrel, up 13 cents, or 0.25 percent.
Sun, 16 Dec 2018 23:59:38 -0500
Qatar Fund Building Venture Capital Unit for U.S. Startups
The Qatar Investment Authority, created to handle the windfall from the country’s gas and oil exports, has invested in companies including Foursquare Labs Inc., biotech firm Rubius Therapeutics Inc., Homology Medicines Inc., Thoughtspot Inc. and Grail Inc., said the people, asking not to be identified because the deals are private.
Sun, 16 Dec 2018 23:16:52 -0500
China confirms new African swine fever cases in Sichuan, Heilongjiang
China confirmed two new cases of African swine fever, as the disease continues to spread through the world's largest hog herd, the Ministry of Agriculture and Rural Affairs said late on Sunday in a statement on its website. Another case was confirmed in a district of the city of Jixi in the northeastern province of Heilongjiang where 24 pigs died on a farm of 84 pigs. China has reported about 90 cases of the disease since it was first confirmed in the country in early August.
Sun, 16 Dec 2018 23:12:40 -0500
Japanese electronics firms look to re-engineer their design mojo
Many at Panasonic were puzzled. "Someone said the office full of people wearing this would look weird," said Kang Hwayoung, another member of the 10-person design team. The project is among a range of efforts in the Japanese electronics industry to reinvigorate industrial design.
Sun, 16 Dec 2018 20:11:35 -0500
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