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Pfizer shareholders may finally get the bargain of their dreams in Seagen.
The cancer drug maker's innovative approach makes it an attractive acquisition candidate for a pharmaceutical behemoth. According to reports, pharmaceutical giant Pfizer Inc. is negotiating an acquisition that would please the company's investors. The Wall Street Journal reported last nig...
LIMITED SUPPLY OF SEMICONDUCTORS DELAYS CAR LAUNCHES
HIGHLIGHTS
- Chip Makers are concerned about delay in car launches in India.
- Due to the lack of semiconductors for the auto industry, many car launches getting delayed in India and the world.
- Usually, passenger vehicles use around 1,000 semic...
S. KOREA’S AUTOMOBILE EXPORTS ROSE TO 53% IN APRIL
Highlights –
- S. Korea’s automobile exports rose to 53% in April.
- In April, S. Korea’s outbound shipments of automobiles reached 188,293 units.
- Hyundai Motor Co. saw its exports jump 40.3 percent in April.
- SsangY...
SKIET RATHER MADE A DISAPPOINTING DEBUT IN STOCK MARKET
Highlights –
- SKEIT rather made a disappointing debut in stock market.
- SKIET stocks closed at 154,500 won, down 26.43 %from its opening price of 210,000 won.
- The company's market capitalization came at 11 trillion won after shares ...
US COMMERCE DEPT RECOMMENDS LEVYING A DUTY AGAINST WIND ENERGY EQUIPMENT MAKERS IN INDIA
Highlights
• The US Department of Commerce in the month of November 2020 had published its initiation of the countervailing duty (CVD) investigation of utility scale wind towers in India
A countervailing duty should be levied against wind energy equipment manufacturers fr...
S. KOREA’S 3 EV BATTERY MAKERS SAW GLOBAL MARKET SHARES FALL
Highlights –
- S. Korea’s 3 EV battery makers saw global market shares fall.
- LG Energy Solution Ltd. global market share slipped to 19.2 percent.
- SK Innovation Co. global market share fell to 5 percent.
- Samsung SDI Co.&...
LG ELECTRONICS TO SPLIT EV COMPONENTS BUSINESS WITH MAGNA INTERNATIONAL
Highlights –
- LG Electronics to split EV components business with Magna International.
- LG Electronics plans to set up a joint venture with the Canadian auto parts maker to secure the business.
- LG Electronics shareholders passed the pro...
LG ELECTRONICS TO SPEND $45 MILLION TO SET UP PRODUCT TESTING FACILITY
Highlights –
- LG Electronics to spend $45 million to set up a product testing facility.
- The company will set up the same at its second factory in Changwon.
- LG's Changwon 2 factory is said to produce home appliances including washer...
DOOSAN INFRACORE REPORTS AN INCREASE IN SALES OF ITS CONSTRUCTION EQUIPMENT IN 2020
Highlights –
- Doosan Infracore reports an increase in sales of its construction equipment in 2020.
- The sales increased by 18 percent in 2020.
- The company is said to have sold 4,000 units of construction equipment, like excavators and w...
LG UNVEILS NEW G1 OLED EVO TV SERIES FOR 2021 IN THE PREMIUM TV MARKET
Highlights –
- LG unveils new G1 OLED evo TV series for 2021 in the premium TV market.
- LG is considered to be the world’s largest OLED TV maker.
- LG announced to boost its NanoCell TV lineup by releasing large models in 2021. ...
PANASONIC TO CONDUCT MARKET RESERCH ON LITHIUM-ION BATTERY BUSINESS IN EUROPE
Highlights –
- Panasonic to conduct market research on lithium-ion battery business in Europe.
- The research could lead to the construction of a plant to supply U.S electric vehicle maker Tesla Inc.
- Panasonic is doing joint research with...
TEXTILE MAKERS IN JAPAN HOPING SALES FROM ‘DEMON SLAYER’ INSPIRED TATAMI STRAW MATS
Highlights –
- Textile makers in Japan hoping sales from ‘Demon Slayer’ inspired tatami straw mats.
- A range of tatami straw mats and craft kits are on sale inspired by the hit anime and manga series.
- A textile manufacturer b...
TOKYO DISTRICT COURT TO DISCONTINUE PROTECTION OF APPAREL MAKER RENOWN INC.
Highlights –
- Tokyo district court to discontinue protection of apparel maker Renown Inc.
- The company will now go into liquidation as sales declined due to the pandemic.
- The company could not find a sponsor to help them with capital.<...
AMOREPACIFIC DISPLAYS SLUGGISH GROWTH IN THIRD QUARTER ON BACK OF UNINSPIRED SALES
- Amorepacific Corp. said Wednesday its third-quarter net income declined 93.1 percent from a year earlier as sales of its cosmetics at brick and mortar stores were hit by the new coronavirus outbreak.
- Net income revenue posted was 7 billion won (US$6.2 million) in the July-Septe...
HYUNDAI TO TEAM UP WITH LG IN FUTURE CAR INTERIOR DESIGN CONCEPT
- LG Electronics enterprisingly entered into a joint collaboration on an exciting display of car interiors with Hyundai Motor Company, the technology giant said Thursday.
- Nicknamed the “Ioniq Concept Cabin,” the model gives you a window into how futuristic vehicles co...
WE NEED $50 BILLION TO MANUFACTURE IN U.S.: CHIP INDUSTRY
Highlights
• The Semiconductor Industry Association is the representative of leading companies like Qualcomm Inc. And Intel Corp
• The lobbying group also said the country needs to keep a chunk of this work domestic so it can maintain its knowledge base and ownership...
GERMAN CAR MANUFACTURING INDUSTRY FACES SEVERE EFFECTS OF CORONAVIRUS CRISIS
Highlights
- The sector supports thousands of jobs in Germany
- The exports are vital to the country’s economy
Germany’s car manufacturing industry is emerging from a severely critical period of lockdown. Its production has h...
AUTO AND ELECTRONIC PARTS MAKERS PAY 125% MORE FOR CHINESE, S.KOREAN IMPORTS
Highlights:
- As the Covid-19 virus outbreak continues to disrupt global supply chains, automakers and manufacturers of electronic goods are forced to pay exorbitant rates to aerially import spares and components from South Korea and China on chartered flights.
TIPS TO PREPARE COOL SMOOTHIES THIS SUMMER
Highlights:
-Summer is the time to have cool stuff.
-There is no better way to beat the heat then to have a mug of cool smoothie.
-here are few important tips to be considered to prepare perfect smoothie.
Summer is here and...
Rebound of Taiwan Dec export orders
Taiwan’s export orders in December rose for the primary time in fourteen months, boosted by a pick-up in international demand for physics amid easing trade tensions between the United States. and China.
Exports for Taiwan’s makers, a key a part of the worldwide offer chain f...