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SEOUL (Reuters) - Shares in Kia Corp rose as much as 8.1% on Friday after a South Korean online news site said there was still potential for the automaker to form a partnership with Apple Inc.
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Shares in Hyundai Motor Co and its affiliate Kia were roiled earlier this year after Hyundai initially confirmed early stage talks with the tech-giant on autonomous electric cars, but later said they were no longer in talks.
Online site Chosun Biz said on Friday that Apple and Kia had signed a memorandum of understanding (MOU) last year and had agreed to pursue cooperation in eight sectors, including electric vehicles. It said negotiations on electric vehicles had not been completely cancelled.
When President Joe Biden on Wednesday stood at a lectern holding a microchip and pledged to support $37 billion in federal subsidies for American semiconductor manufacturing, it marked a political breakthrough that happened much more quickly than industry insiders had expected.
South Korean manufacturer Samsung SDI Co Ltd said it will invest 942 billion won ($849 million) to expand its electric vehicle (EV) battery factory in Hungary, a company official told Reuters on Wednesday.
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BRIEF-Canada Prime Minister Trudeau says he thanks President Biden for his support over the case of two Canadians detained in China
By Reuters Staff
Feb 23 (Reuters) - CANADA PRIME MINISTER TRUDEAU SAYS HE THANKS PRESIDENT BIDEN FOR HIS SUPPORT OVER THE CASE OF TWO CANADIANS DETAINED IN CHINA CANADA PM TRUDEAU SAYS IN THE FACE OF COVID-19, OF CLIMATE CHANGE, OF RISING INEQUALITY, THIS IS OUR MOMENT TO ACT Source text for Eikon: Further company coverage: [ ] (Reporting by David Ljunggren)
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JERUSALEM, Feb 15 (Reuters) - Israeli banks will likely be allowed to resume limited dividend payments later this year after having overcome a wave of loan deferments during the coronavirus pandemic, the country’s banking regulator said.
Yair Avidan, the supervisor of banks at the Bank of Israel, also said he backed banks’ moves into “digital wallets” and expects Apple Pay to enter the Israeli market this year, with similar offerings from Samsung and Google to follow later.
Three of Israel’s largest banks Hapoalim, Leumi and Discount have announced plans to launch digital wallets, which allow customers to pay via mobile phones in stores.