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

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 […]

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Market report: Trump tariffs send stocks tumbling

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 […]

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US stocks drop as markets around the world are pummeled by Trump's intensifying trade war

Global markets are in turmoil as the Trump administration intensifies its trade war once again. The US administration late on Tuesday released a huge list of new tariffs on $200 billion worth of goods from China. Stocks in China and the rest of Asia tumbled overnight, spreading to Europe after markets opened. …read more […]

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Trade worries threaten Wall Street’s four-day winning streak

China responded to Trump’s threats by accusing the United States of bullying and warned that it would hit back. “These companies have the most going on with China tariffs, so they would be the ones that get hurt the most,” said Mark Esposito, chief executive officer of Esposito Securities in Dallas. …read more […]