Samsung reported its worst quarterly profit in two years and was downbeat about prospects, fueling concerns about its ability to face competition.» Read More
China's Dongfeng Motor and PSA Peugeot Citroen will agree on Tuesday to a capital tie-up as part of a broader 3 billion euro fundraising.
SHANGHAI, Feb 18- China's Dongfeng Motor Group Co Ltd and PSA Peugeot Citroen will agree on Tuesday to a capital tie-up as part of a broader 3 billion euro fundraising that will end the Peugeot family's control of the 200- year-old French carmaker, a source said.
BEIJING, Feb 18- China drew $10.76 billion in foreign direct investment in January, up 16.1 percent from a year earlier, the Commerce Ministry said on Tuesday, a sign that confidence in the world's second-largest economy remains firm even as growth cools.
Growth in China's stellar smartphone market has slowed for the first time in more than two years.
BEIJING, Feb 13- Lenovo Group Ltd leader Yang Yuanqing says the Chinese technology giant will draw on cost-cutting lessons learned when it bought IBM Corp's ThinkPad laptop unit to turn losses into profit at businesses acquired for $5.2 billion last month.
Asian equity markets ended lower on Thursday due to profit-taking and as investors focused on regional earnings reports.
Richard Windsor, founder of Radio Free Mobile, discusses the deal between Lenovo and Motorola and what the Chinese phone manufacturer needs to do to be a major smartphone player.
BEIJING, Feb 13- The explosive growth of smartphone sales in China, the world's biggest smartphone market, has come to a halt as unit shipments declined for the first time in more than two years, data firm IDC said on Thursday.
Feb 13- Private cloud storage company Dropbox Inc plans to name Google Inc executive Dennis Woodside, CEO of Motorola Mobility, as its first Chief Operating Officer.
SEOUL, Feb 13- South Korea's LG Electronics unveiled a revamped version of its large-screen smartphone G Pro on Thursday, hoping it will help propel the company to the No. 3 spot in global smartphone sales this year.
China's Lenovo Group said third-quarter net income rose 29 percent from a year earlier, beating estimates as sales grew.
BEIJING, Feb 13- Lenovo Group Ltd's recent string of multi-billion-dollar acquisitions will have a negative impact on the Chinese personal computer maker's performance in the short term, Chief Executive Yang Yuanqing said on Thursday.
After Lenovo posted a 30 percent rise in third quarter profit, Pelham Smithers, MD & Partner at Pelham Smithers Associates, discusses the stock's valuations.
*Visit comes as IBM seeks to reverse China sales slump. *Visit is second by top IBM executive in four months. BEIJING, Feb 12- A slide in IBM Corp's sales in China amid a broad backlash against claims of U.S. government spying has triggered a rare visit to Beijing by Chief Executive Officer Ginni Rometty.
Taiwan's MediaTek Inc, the leading chip supplier for Chinese smartphones, is barreling into the U.S. market with a new major global branding campaign and setting up shop in San Diego, California, home to Qualcomm.
Some of the names on the move ahead of the open.
Japanese equities led the gains in Asia on the final trading day of the week on optimism ahead of January's U.S. jobs report.
HONG KONG, Feb 7- Internet search company Google Inc will own a 5.94 percent stake in China's Lenovo Group Ltd worth $750 million once Lenovo's deal to buy Google's Motorola handset division closes, according to a disclosure on the Hong Kong stock exchange. Google would take 618.3 million Lenovo shares at $1.213 per share, the stock exchange said late on Thursday.
An erroneous reading of a regulatory filing led to stories suggesting that Google had bought $750 million worth of Lenovo shares, Re/code reports.
*Hong Kong rises on short-covering. Feb 7- China shares fell on Friday in their first trading session of the new Lunar New Year, dragged down by Chinese financial and consumer stocks on further signs that the world's second-largest economy was losing momentum.