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Apple caution grows as sell ratings hit multi-decade record

NEW YORK: Wall Street hasn’t been this pessimistic about Apple Inc. in a long time.

Business

Samsung reports lower than expected fall in operating income

Samsung Electronics Co’s quarterly profit more than halved after a global industry downturn and trade tensions hammered demand for its chips and high-end smartphones.

Business

Samsung profit halves as downturn wallops chips and smartphones

SEOUL: Samsung Electronics Co.’s quarterly profit more than halved after a global industry downturn and trade tensions hammered demand for its chips and high-end smartphones.

Business

Wall St. wraps up its best June in decades as G20 convenes, global stocks climb

NEW YORK: Wall Street advanced in heavy trading on Friday, with the S&P 500 and the Dow closing the book on their best June in generations, ahead of much-anticipated trade talks between U.S. President Donald Trump and Chinese counterpart Xi Jinping at the G20 summit now underway in Japan.

Business

Apple design chief Jony Ive, Steve Jobs' confidant, to leave and start own firm

NEW YORK: Jony Ive, a close creative collaborator with Apple Inc co-founder Steve Jobs whose iPhone and other designs fueled Apple's rise to become a $1 trillion (£789.3 billion) company, will leave later this year to form an independent design company

Business

S&P 500 dips as healthcare declines counter tech gains

NEW YORK: The S&P 500 ended lower on Wednesday as gains in technology stocks were offset by a drop in healthcare shares, and investors parsed mixed messages over prospects for a deal to end a trade war between the United States and China.

Business Premium

Apple explores moving some production out of China

Trade tensions prompt iPhone maker to consider diversifying supply chain

Business

Rate-cut euphoria elevates S&P 500 to record high

NEW YORK: The S&P 500 hit a record high on Thursday, lifted by Wall Street's expectations that the Federal Reserve will cut interest rates as soon as next month to keep the U.S.-China trade war from stalling economic growth.

Business

Malaysia among countries eyed by Apple to move production capacity

TOKYO: Apple Inc has asked its major suppliers to assess the cost implications of moving 15%-30% of their production capacity from China to Southeast Asia as it prepares for a restructuring of its supply chain, according to a Nikkei Asian Review report on Wednesday.

Business

Apple wants suppliers to explore major shift from China: Nikkei

TAIPEI: Apple Inc. has asked its largest suppliers to consider the feasibility of shifting 15% to 30% of its output from China to Southeast Asia in a dramatic shake-up of its production chain, the Nikkei reported.