TOP 5 STOCKS TO WATCHOUT:-
1.#KIA CORP- South Korean automaker Kia Corp said on Wednesday it's reviewing cooperation on self-driving electric cars with multiple foreign firms, making no mention of a report linking it to a project with tech giant Apple Inc.
Kia's comment, issued in a regulatory filing as its shares surged nearly 20% in Seoul, came after domestic online publication Edaily reported late on Tuesday that Kia's parent, Hyundai Motor Group, had decided Kia would be in charge of proposed cooperation with Apple on electric cars. The report cited unnamed industry sources.
Hyundai Motor declined to comment. Apple was not immediately available for comment outside of U.S. business hours.
2.#EBay :- EBay Inc said on Tuesday it has started a process to explore a range of strategic alternatives for its South Korean business, which includes Gmarket, one of the largest online marketplaces in the country.
The Korea Economic Daily, a Seoul-based newspaper, reported in March last year that the e-commerce firm was looking to sell its South Korean unit in a deal that could fetch nearly $5 billion.
3.#ZOOM:- Zoom Video Communications Inc said on Tuesday it had resolved an issue that was preventing some users in Europe from accessing its desktop and mobile apps.
The issue, however, did not affect the access to the platform through a web browser,The popularity of video conferencing platforms such as Zoom has skyrocketed during the pandemic as people rely on such tools in the absence of in-person meetings at work or to stay in touch with family and friends.
4. #PINTEREST:-Ankara has imposed advertising bans on Twitter, Periscope and Pinterest after they failed to appoint local representatives in Turkey under a new social media law, according to decisions published on Tuesday.
Under the law, which critics say stifles dissent, social media companies that do not appoint such representatives are liable for a series of penalties, including the latest move by the Information and Communication Technologies Authority (BTK).
The law allows authorities to remove content from platforms, rather than blocking access as they did in the past. It has caused concern as people turn more to online platforms after Ankara tightened its grip on mainstream media.
The latest decisions in the country's Official Gazette said the advertising bans went into effect from Tuesday. Twitter, its live-streaming app Periscope, and image sharing app Pinterest were not immediately available to comment.
Deputy Transport Minister Omer Fatih Sayan said Twitter and Pinterest's bandwidth would be cut by 50% in April and by 90% in May. Twitter said last month it would shut down Periscope by March due to declining usage.
5.#LOGITECH:- Logitech International Chief Executive Bracken Darrell's recent sale of $4.2 million of stock was due to the upcoming expiry of share options and should not be taken as any pessimism about the computer peripherals maker's future, he said on Tuesday.
"It says nothing about how optimistic I am," Darrell told Reuters. "I am super optimistic, and I have every intention to be here as long as they let me," he said after Logitech reported an 85% surge in third-quarter sales and raised its guidance for the third time during its 2021 business year.
Darrell said following the record results, he would be surprised if Logitech did not raise its dividend from the 0.80 Swiss francs it paid out for 2020, although this was a matter for the board to decide.
1.#KIA CORP- South Korean automaker Kia Corp said on Wednesday it's reviewing cooperation on self-driving electric cars with multiple foreign firms, making no mention of a report linking it to a project with tech giant Apple Inc.
Kia's comment, issued in a regulatory filing as its shares surged nearly 20% in Seoul, came after domestic online publication Edaily reported late on Tuesday that Kia's parent, Hyundai Motor Group, had decided Kia would be in charge of proposed cooperation with Apple on electric cars. The report cited unnamed industry sources.
Hyundai Motor declined to comment. Apple was not immediately available for comment outside of U.S. business hours.
2.#EBay :- EBay Inc said on Tuesday it has started a process to explore a range of strategic alternatives for its South Korean business, which includes Gmarket, one of the largest online marketplaces in the country.
The Korea Economic Daily, a Seoul-based newspaper, reported in March last year that the e-commerce firm was looking to sell its South Korean unit in a deal that could fetch nearly $5 billion.
3.#ZOOM:- Zoom Video Communications Inc said on Tuesday it had resolved an issue that was preventing some users in Europe from accessing its desktop and mobile apps.
The issue, however, did not affect the access to the platform through a web browser,The popularity of video conferencing platforms such as Zoom has skyrocketed during the pandemic as people rely on such tools in the absence of in-person meetings at work or to stay in touch with family and friends.
4. #PINTEREST:-Ankara has imposed advertising bans on Twitter, Periscope and Pinterest after they failed to appoint local representatives in Turkey under a new social media law, according to decisions published on Tuesday.
Under the law, which critics say stifles dissent, social media companies that do not appoint such representatives are liable for a series of penalties, including the latest move by the Information and Communication Technologies Authority (BTK).
The law allows authorities to remove content from platforms, rather than blocking access as they did in the past. It has caused concern as people turn more to online platforms after Ankara tightened its grip on mainstream media.
The latest decisions in the country's Official Gazette said the advertising bans went into effect from Tuesday. Twitter, its live-streaming app Periscope, and image sharing app Pinterest were not immediately available to comment.
Deputy Transport Minister Omer Fatih Sayan said Twitter and Pinterest's bandwidth would be cut by 50% in April and by 90% in May. Twitter said last month it would shut down Periscope by March due to declining usage.
5.#LOGITECH:- Logitech International Chief Executive Bracken Darrell's recent sale of $4.2 million of stock was due to the upcoming expiry of share options and should not be taken as any pessimism about the computer peripherals maker's future, he said on Tuesday.
"It says nothing about how optimistic I am," Darrell told Reuters. "I am super optimistic, and I have every intention to be here as long as they let me," he said after Logitech reported an 85% surge in third-quarter sales and raised its guidance for the third time during its 2021 business year.
Darrell said following the record results, he would be surprised if Logitech did not raise its dividend from the 0.80 Swiss francs it paid out for 2020, although this was a matter for the board to decide.