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Micron sees just 1 percent hit on revenue from China ban

July 5, 2018 admin Comments Off on Micron sees just 1 percent hit on revenue from China ban

The company also confirmed in a statement for the first time two of its units had been temporarily banned from selling some memory chips and solid state drives in China, following a complaint from rivals United Microelectronics Corporation (UMC) and Fujian Jinhua Integrated Circuit Co. The lawsuit followed Micron’s complaint in December against Chinese government-backed Fujian and UMC in a California court alleging misappropriation of its trade secrets and other misconduct. …read more […]

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Exclusive: ‘Several dozen’ UK staff kickstart JPMorgan’s Brexit talent transfer to EU

July 5, 2018 admin Comments Off on Exclusive: ‘Several dozen’ UK staff kickstart JPMorgan’s Brexit talent transfer to EU

LONDON (Reuters) – JPMorgan Chase & Co has asked “several dozen” employees to lead a first wave of relocations from the UK to continental Europe by early next year, as it pushes the button on plans to protect its business post-Brexit, according to a memo sent to staff on Thursday and seen by Reuters.

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Merkel says would back cutting EU tariffs on U.S. car imports

July 5, 2018 admin Comments Off on Merkel says would back cutting EU tariffs on U.S. car imports

German Chancellor Angela Merkel said on Thursday she would back lowering European Union tariffs on U.S. car imports, responding to an offer from Washington to abandon threatened levies on European cars in return for concessions. “When we want to negotiate tariffs, on cars for example, we need a common European position and we are still working on it,” Merkel said. U.S. President Donald Trump threatened last month to impose a 20-percent import tariff on all EU-assembled vehicles, which could upend the industry’s current business model for selling cars in the United States. …read more […]