Hanwha Q CELLS Module Production in South Korea. Photo: www.hanwha-qcells.comA Korean firm will put a $150 million solar module factory in northwest Georgia by next year, creating 500 jobs in a segment of the state that still hasn’t fully recovered from a housing crisis a decade ago. Hanhwa Q CELL becomes the first Korean investor in Dalton, Ga., whose strong flooring sector is was hit hard during the downturn. Construction is set to begin this year, with production beginning in 2019, according to a news release from Gov. Nathan Deal‘s office. The firm joins a cohort of about 80 facilities operated by Korean firms, one of the state’s largest source nations for foreign investment since Kia Motors opened a massive auto plant here in 2006, followed in due course by many parts suppliers. Hanwha is the latest foreign solar manufacturer to announce a U.S. plant in the wake tariffs President Donald Trump imposed in January on solar cells and modules. … [Read more...] about Korean Solar Manufacturer to Create 500 Jobs in Georgia’s Carpet Country
Joe Mcdonald, Ap Business Writer Updated 6:46 am, Monday, February 26, 2018 Photo: Eugene Hoshiko, AP Image 1of/1 CaptionClose Image 1 of 1 FILE- In this Jan. 10, 2018 file photo, a man walks past an electronic stock board showing Japan's Nikkei 225 index and other country's index at a securities firm in Tokyo. Asian stocks rose Monday, Feb. 26, 2018, after Wall Street rallied as investors looked ahead to the U.S. Federal Reserve chairman's congressional testimony this week for insights into its economic outlook. less FILE- In this Jan. 10, 2018 file photo, a man walks past an electronic stock board showing Japan's Nikkei 225 index and other country's index at a securities firm in Tokyo. Asian stocks rose Monday, Feb. 26, ... more Photo: Eugene Hoshiko, AP Global stock markets rise as investors seek Fed clues 1 / 1 Back … [Read more...] about Global stock markets rise as investors seek Fed clues
While it’s already widely known that Samsung will be unveiling its Galaxy S9 and Galaxy S9+ flagship smartphones this coming Sunday, Feb. 25, there hasn’t been solid information on when can the smartphones become officially available on the market. Good thing industry sources have now leaked preorder and release details of the upcoming handsets. The Investor learned from sources Wednesday that Samsung Electronics has scheduled its new flagship Android handsets to hit global market shelves on March 16, which is almost three weeks after their unveiling. Samsung has already sent out invites for a Feb. 25 launch event. Both smartphones are then expected to be showcased at the Mobile World Congress 2018 in Barcelona next week. Sources also disclosed to the online news site that preorders for the S9 and S9+ in Samsung’s home turf will open on Feb. 28. Samsung’s mobile carrier partners SK Telecom, LG Uplus and KT will start receiving preorders for the … [Read more...] about Samsung Galaxy S9 Release Date, Preorder: South Korean Telecom Official Leaks Details
During 2017, U.S. auto sales declined year over year for the first time since the Great Recession. That didn't slow down top U.S. automaker General Motors (NYSE: GM), though. Earlier this week, the General reported record adjusted earnings per share (EPS) for the full year. GM delivered these strong results despite its growing investments in autonomous and electric vehicles and a major effort to reduce dealer inventory in the U.S. Nevertheless, General Motors stock trades for less than seven times earnings. This represents a huge opportunity for long-term investors to bet on a company with a burgeoning track record of outperformance. Solid 2017 results The biggest highlight of 2017 for General Motors was its decision to exit numerous unprofitable markets, including most of Europe and Africa. This immediately helped to improve the company's international profitability. Meanwhile, GM posted steady results in its two main markets: North America and China. In North America, GM's … [Read more...] about Investors Are Still Underestimating General Motors
By Cindy George Published 8:28 pm, Wednesday, February 7, 2018 About 100 members of Houston's Korean community – many of whom endured the horrors of war in the 1950s – staged a demonstration on Wednesday as the Winter Olympics are poised to begin in their home country. Group members waved the South Korean flag, which will be sidelined in favor of a Korean Unity pendant at this week's opening ceremony, and burned North Korean leader Kim Jong-Un in effigy after singing the South Korean anthem. Instead of simply stirring national pride, the international games are reminding local Koreans of the continuing military threat from the north. Most Popular 1 Gang member claims to be male stripper, has $55K, Rolexes... 2 Houston store clerk opens fire on two robbers 3 Watch: A massive amount of grackles overtake a Houston... Houston and Texas Player Now Playing: Now Playing Two new flu-related deaths reported in Houston area Fox 26 … [Read more...] about Houston’s Korean community protests Olympic show of unity
SEOUL — North Korean factory workers and restaurant staff have been returning from China in droves since the United Nations ordered member states to send laborers home last year. North Korean “ghost ships” containing dead, or almost-dead, fishermen have been washing up on the shores of Japan after the country’s seafood industry was sanctioned, too. And even Kim Jong Un has admitted that the American-led “maximum pressure” campaign is hurting his country’s economy. The “life-threatening sanctions and blockade” were causing “difficult living conditions,” the North Korean leader said in a New Year’s address that repeatedly emphasized self-sufficiency. But the campaign to squeeze Kim and his cronies into denuclearization talks could already be having a tangible — and, from the perspective of Washington, undesirable — effect. “The sanctions will set back what has been basically a positive process … [Read more...] about North Koreans have tasted freedom through the markets. Sanctions could put that at risk.
Global stock markets mostly fell on Wednesday as investors digested big losses at major U.S. banks, while bitcoin also dropped amid fears of greater regulation. KEEPING SCORE: Britain's FTSE 100 slipped 0.2 percent to 7,740 and the CAC 40 of France was down almost 0.1 percent to 5,511. Germany's DAX lost 0.2 percent to 13,225. Wall Street looked set to regain momentum after losses the previous day. Dow futures were up 0.5 percent while S&P 500 futures were 0.4 percent higher. BANKS: Goldman Sachs says it lost $1.93 billion in the fourth quarter, as the bank had to record more than $4 billion in charges related to the new U.S. tax law. Still, the figure was better than some analysts had feared. Bank of America said its fourth-quarter profits fell by nearly half from a year ago, as the bank had to book $2.9 billion in charges related to the tax law. BITCOIN: The price of bitcoin extended its slump, triggered by comments by a South Korean financial policymaker who said that banning … [Read more...] about Global stocks slip as investors digest US bank earnings
Gold bars (24-karat) are seen at the U.S. West Point Mint facility in West Point, N.Y., in 2013. (Shannon Stapleton/Reuters) Stock prices were not the only investment to stage an impressive rally in 2017. Gold, too, found favor, and that’s rare. The ageless metal has survived for millennia as a seemingly safe harbor for those wary about the future. But at a time when many are bullish about their economic prospects, it climbed just shy of 15 percent for 2017. That came on top of an 8 percent pop in 2016. Gold prices started 2017 around $1,150 per ounce. The metal was trading above $1,300 Tuesday afternoon. The basket of 30 stocks that make up the Dow Jones industrial average did even better, rocketing 25 percent last year while the Standard & Poor’s 500-stock index grew by 20 percent. [U.S. oil production booms as new year begins] Gold and stocks don’t usually rise at the same time. Gold prices historically retreat when investors feast … [Read more...] about What does a North Korean ballistic missile have to do with the price of gold?
Expect more political volatility in 2018 to follow an already volatile year, director for Europe and Africa at Control Risks, Nick Allen, told CNBC Monday. "What we've seen is a real shift to national politicians driving the agenda and businesses are having to adjust to that," Allen said. "So more political volatility — we've had a lot of that in 2017 so more in 2018 is what we're looking at." Investors are looking to the coming year and many are questioning just how extreme that volatility will be, given that markets have performed historically well even amid increased geopolitical risk. "I think 'extreme' is probably an overstatement, but a number of things have changed, particularly from a business perspective," Allen noted. "Business by and large was used to the fact that most governments were fairly business friendly, keen to … [Read more...] about 2018 to bring uncertainty and political volatility for investors, experts warn
DreamWorks Animation’s luxurious Tuscany-style campus in Glendale has sold for $290 million to a partnership led by South Korean investors. The animation company, acquired last year by Comcast Corp.’s NBCUniversal for $3.8 billion, will continue to occupy the 15-acre property dotted with oaks, streams and a koi pond. The campus was built in 1997 as a showplace for the DreamWorks SKG entertainment empire launched by Hollywood luminaries Steven Spielberg, David Geffen and Jeffrey Katzenberg. The property at 1000 Flower St. has five buildings with a combined 460,000 square feet of space, including offices, a fitness center and a commissary. DreamWorks Animation is responsible for such movie franchises as “Shrek,” “Madagascar,” “How to Train Your Dragon” and “Kung Fu Panda.” It became a separate company in 2004 led by Katzenberg, but after experiencing several flops, the studio sold the campus in 2015 for $185 million and leased … [Read more...] about DreamWorks’ Glendale campus sold to South Korean investors for $290 million