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Chipmaker Broadcom nears $19 billion deal to buy software company CA – sources

July 12, 2018 admin Comments Off

The deal would come just four months after U.S. President Donald Trump blocked Broadcom’s $117 billion hostile bid for semiconductor peer Qualcomm Inc, because it posed a threat to U.S. national security and gave an edge to Chinese companies looking to build next-generation wireless networks. Since then, Broadcom has redomiciled from Singapore to the United States, placing it formally outside the purview of the Committee on Foreign Investment in the United States (CFIUS), the government panel that reviews deals for potential national security risks. Broadcom has toyed with buying non-semiconductor companies before, as with its $5.5 billion acquisition …read more […]

Comcast makes higher offer for Sky, tops Fox bid

July 11, 2018 admin Comments Off

Comcast Corp on Wednesday raised its offer for Britain’s Sky in a deal valuing the pay-TV group at $34 billion, challenging a raised bid from Twenty-First Century Fox .

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Stocks, oil prices slide on trade war worries

July 11, 2018 admin Comments Off

Concerns about an escalating U.S.-China trade war made markets topsy-turvy on Wednesday, with U.S. stocks breaking a four-session winning streak and Brent crude prices seeing their biggest one-day drop in two years.

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Wall Street snaps four-day rally; latest trade threat weighs

July 11, 2018 admin Comments Off

U.S. stocks fell on Wednesday, breaking a four-session streak of gains after Washington’s threat to impose tariffs on an additional $200 billion worth of Chinese goods fanned trade war fears, while a sharp drop in oil prices hit energy shares.

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Chipmaker Broadcom nears $19 billion deal to buy software company CA: sources

July 11, 2018 admin Comments Off

Broadcom Ltd is nearing a roughly $19 billion deal to acquire business software company CA Inc, as it seeks to diversify its technology offerings beyond semiconductors, people familiar with the matter said on Wednesday.

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Intel Roundup: Downgraded, CEO Search, Baidu Win, Apple Loss

July 11, 2018 admin Comments Off

The top stories for Intel (INTC) stock are related to recent analyst downgrades, updates on its CEO search, a strengthening relationship with Baidu (BIDU) and the possibility of an iPhone loss. …read more […]

ZTE clears last major hurdle to lifting US export ban

July 11, 2018 admin Comments Off

ZTE is almost done meeting the US’ conditions for lifting an export ban… …read more […]

China’s ZTE clears hurdle to lifting U.S. ban

July 11, 2018 admin Comments Off

The United States said on Wednesday that it signed an agreement with ZTE Corp that paves the way for the Chinese tech company to resume operations after a nearly three-month ban on doing business with American suppliers.

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Wall Street snaps gain streak as trade threat weighs

July 11, 2018 admin Comments Off

U.S. stocks fell on Wednesday, breaking a four-session streak of gains after Washington’s threat to impose tariffs on an additional $200 billion worth of Chinese goods fanned trade war fears, while a sharp drop in oil prices hit energy shares.

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Stocks slide on trade war worries; oil, metals fall

July 11, 2018 admin Comments Off

U.S. stocks extended losses on Wednesday, set to snap their four-day winning streak, and metals prices slumped as U.S. threats of tariffs on an additional $200 billion worth of Chinese goods pushed the world’s two biggest economies closer to a full-scale trade war.

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China vows to hit back over U.S. proposal for fresh tariffs

July 11, 2018 admin Comments Off

China accused the United States of bullying and warned it would hit back after the Trump administration raised the stakes in their trade dispute, threatening 10 percent tariffs on $200 billion of Chinese goods and rattling global markets.

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Crude oil benchmark Brent sees biggest one-day fall in two years

July 11, 2018 admin Comments Off

Global benchmark Brent crude oil had its biggest one-day drop in two years on Wednesday as escalating U.S.-China trade tensions threatened to hurt oil demand, and news that Libya would reopen its ports raised expectations of growing supply.

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Dollar hits 6-month high against yen as trade fears trumped

July 11, 2018 admin Comments Off

The U.S. dollar strengthened on Wednesday as the market put aside trade tension fears and focused on the Labor Department’s expectation-beating inflation report, which increased prospects that the Federal Reserve will raise interest rates another two times this year.

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Market report: Trump tariffs send stocks tumbling

July 11, 2018 admin Comments Off

Global stocks were dragged under by another wave of trade war worries as Donald Trump turned up the heat on China with plans to impose new tariffs on $200bn (£151bn) of goods. Just days after firing the first shot in its trade skirmish with Beijing, the Trump administration unveiled a list of 6,000 Chinese products ranging from toilet paper to baseball gloves that will face a 10pc tariff. The Chinese commerce ministry said that it was “shocked at the US action” and warned that it would be forced to retaliate “to protect the core interests of the nation and its …read more […]

Wall Street on track to snap four-day rally; latest trade threat weighs

July 11, 2018 admin Comments Off

U.S. stocks looked set on Wednesday to snap a four-day winning streak after Washington’s threat to impose tariffs on an additional $200 billion worth of Chinese goods fanned trade war fears, while a sharp drop in oil prices hit energy.

…read more […]