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China's factory activity has expanded for the first time since April, signaling a positive shift. Meanwhile, Samsung Electronics reported a significant 40% drop in operating profit for its semiconductor division, despite strong demand for memory chips, due to inventory adjustments and rising supply issues in China. Microsoft also issued weak growth guidance, and Meta is expected to see a spike in its expense bill.
South Korea's semiconductor production experienced a 3% decline in September, marking the first drop in over a year. This downturn follows an 11% increase the previous month, with shipment growth also slowing to 0.7% from 17% in August, indicating a potential cooling in the AI-driven boom cycle.
Hyundai Motor Co. has introduced its new hydrogen-powered vehicle, Initium, set for release in the first half of next year. With a target driving range exceeding 650 kilometers (404 miles) on a single refueling, it surpasses the Nexo's range and can also serve as a backup power source for households.
Samsung Electronics reported a 40% decline in its semiconductor unit's operating profit for the third quarter, totaling 3.86 trillion won ($2.8 billion), despite overall sales and operating profit slightly exceeding expectations. The company faced challenges from inventory adjustments affecting mobile demand and increased supply of legacy products in China. While demand for advanced chipsets driven by AI is expected to grow, a rebound in mobile and PC demand is anticipated to be delayed.
Samsung Electronics Co. reported disappointing profits from its chip operations, earning 3.86 trillion won ($2.8 billion) in the September quarter, falling short of the 6.7 trillion won forecast. This shortfall highlights the company's challenges in competing in the lucrative AI chip market.
Newmont Corporation, a leading gold mining company, reported net sales primarily from gold (89.7%), with 5.4 million ounces sold in 2023. The company operates 21 production sites across North America, Australia, South America, Africa, and New Guinea, with significant sales in the UK (64.7%) and other countries.
13:10 30.10.2024
The Personalized Healthcare Market is projected to grow significantly from 2024 to 2032, driven by increasing demand, technological advancements, and a diverse customer base. The report provides a comprehensive analysis of market trends, competitive landscape, and regional insights, highlighting key players like GE Healthcare and Illumina, Inc. It also examines factors influencing growth, challenges faced by vendors, and future opportunities in this evolving sector.
Emerging-market currencies are experiencing their largest gain in ten days as the US dollar declines, driven by stronger-than-expected growth in the euro zone, particularly in France, Spain, and Germany. The MSCI EM Currency Index rose 0.2% by 9:50 a.m. London time, with the South Korean won leading the gains. South Africa’s rand also strengthened by up to 0.7% against the dollar ahead of the government's medium-term budget presentation scheduled for later Wednesday.
UBS has upgraded Kangwon Land Inc's stock rating from Sell to Neutral, raising the price target to KRW17,000 following a positive third quarter in 2024, which saw a 2% growth in drop and a 1.2% increase in gross gaming revenue. The company's VIP segment experienced a significant 30% year-over-year growth, although mass drop declined by 2%. UBS anticipates continued growth in casino drop for the fourth quarter of 2024 and 2025, supported by a VIP turnaround and an upcoming mass floor expansion.
09:56 30.10.2024
The Healthcare Cybersecurity market is poised for significant growth from 2024 to 2032, driven by increasing cyber threats and regulatory demands for data protection. Key players include Cisco Systems, IBM, and Kaspersky Labs, offering solutions like data encryption and threat detection. The report provides a comprehensive analysis of market dynamics, segmentation, and competitive strategies across various regions.
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