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Samsung in talks with BYD to buy stake in electric-car maker

  Bloomberg Samsung Electronics Co, the world’s largest maker of phones and memory chips, said it’s in talks with BYD Co. about investing in the Chinese electric-car manufacturer. Details including the size of the investment will be disclosed when they’re confirmed, Samsung said. The investment in BYD, backed by Warren Buffett’s Berkshire Hathaway Inc, would bolster Samsung’s semiconductor business for ...

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Yen witnesses the biggest slide in 17 yrs

  Bloomberg The yen slid against the dollar, heading for its biggest weekly drop since 1999, as investors awaited the details of Japanese Prime Minister Shinzo Abe’s recharged stimulus plans following his election victory. The currency slipped against most of its 16 major counterparts, falling after Ben S Bernanke, the former chairman of the Federal Reserve who met officials in ...

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Line shares send positive message at their market debut

  Bloomberg Line Corp. surged 32 percent in its Japan trading debut after the messaging company raised more than $1 billion in the biggest technology initial public offering of the year. The shares rose to 4,345 yen in Tokyo from their IPO price of 3,300 yen, giving Line a valuation of 912 billion yen ($8.6 billion). About two-thirds of the ...

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