Nexon founder scraps what could have been $16 billion gaming deal: sources
Nexon Co founder Jungju Kim has abandoned plans to sell a controlling stake in its parent NXC, two sources with direct knowledge of the matter said, scuppering a potentially $16 billion deal that would have been the gaming sector’s biggest.
U.S., China to relaunch talks with little changed since deal fell apart
The United States and China are set to relaunch trade talks this week after a two-month hiatus, but a year after their trade war began there is little sign their differences have narrowed.
Qualcomm asks appeals court to pause antitrust ruling’s impact
Qualcomm Inc on Monday asked a U.S. appeals court to pause an antitrust ruling that could drastically alter its business model while it tries to overturn the ruling.
Financier Epstein pleads not guilty to sex trafficking charges involving girls
American financier Jeffrey Epstein pleaded not guilty on Monday to charges of sex trafficking as prosecutors accused him of luring dozens of girls as young as 14 to his luxury homes in New York and Florida and paying them for sex acts.
Asia stocks fall to two-week low as hopes fade for big Fed rate cut, tech stocks drag
Asian stocks fell to their lowest levels in two and a half weeks on Tuesday as hopes dwindled for a hefty interest rate cut by the U.S. Federal Reserve at the end of the month, while technology companies were pulled lower by Apple Inc’s overnight slump…
U.S. says its producers harmed by some structural steel imports
The U.S. government on Monday said domestic producers were being harmed by imports of fabricated structural steel from China and Mexico, and that it would instruct the customs agency to collect cash deposits from importers of such steel.
Oil prices drop on signs global economy slowing amid trade disputes
Oil fell on Tuesday amid worries over the outlook for demand after the latest signs that international trade disputes have been dragging on the global economy, although the potential for conflicts in the Middle East offered support to prices.
Big ax falls as Deutsche Bank to lay off 18,000 in $8.3 billion ‘reinvention’
By Tom Sims, Paulina Duran, Sumeet Chatterjee and Matt Scuffham
SEC defends pace of Volkswagen suit after emissions scandal
The U.S. Securities and Exchange Commission (SEC) on Monday defended the pace of its investigation into Volkswagen AG after a judge asked why the agency waited two years after a global scandal related to vehicle emissions to sue the automaker.
Asian stocks hobbled by fading expectations for aggressive Fed rate cut
Asian stocks struggled to rebound on Tuesday as investors came to terms with sharply reduced expectations the Federal Reserve will deliver a large interest rate cut at the end of July.
