SEOUL (Reuters) – Samsung Electronics Co Ltd (KS:005930) said on Tuesday it plans to invest at least 21.4 trillion won ($18.63 billion) in South Korea as it seeks to extend its lead in memory chips and next-generation displays for smartphones.
The world’s biggest memory chip maker by revenue said the spending includes 14.4 trillion won by 2021 on its new NAND factory in Pyeongtaek. It will invest 6 trillion won in a new semiconductor production line in Hwaseong, but did not elaborate on timing or product.
By Se Young Lee and Joyce Lee
(Jul 03, 2017 10:57PM ET)
FRANKFURT (Reuters) – German auto supplier Robert Bosch [ROBG.UL] said its Mobility Solutions division, which makes sophisticated safety systems and autonomous car components, will grow around 7 percent this year, benefiting from a push to make cars more intelligent.
Bosch is expanding beyond its traditional business of providing components such as spark plugs for combustion engines and into areas such as software, services, Internet-connected devices and electric cars.
(Jul 04, 2017 09:20 GMT)
FRANKFURT (Reuters) – Spooked by a market backlash, some European Central Bank policymakers are having doubts about signalling in July that they are moving closer to dialling back their easy money policy.
Conversations with six central bank officials from across the euro zone showed they had been unnerved by a rise in the euro and in government bond yields after ECB President Mario Draghi opened the door last week to policy changes.
By Francesco Canepa and Balazs Koranyi
(Jul 04, 2017 07:20 GMT)
BRUSSELS (Reuters) – The European Union and Japan expect to commit to signing a free trade deal on Thursday, the EU said, in what both see as a push back against a feared U.S. turn toward protectionism under President Donald Trump.
Confirming on Tuesday that Japanese Prime Minister Shinzo Abe would meet heads of EU institutions in Brussels on the eve of a G20 summit with Trump and other world leaders in Germany, the European Council said: “Leaders are expected to announce a political agreement on the EU-Japan free trade agreement.”
That would be well short of a final accord ironing out all the commercial intricacies between two of the world’s biggest economies. But both sides, having seen Trump pull back from free trade relationships, are keen to show they remain committed to removing barriers they say hamper growth.
By Alastair Macdonald
(Jul 04, 2017 07:36 GMT)