Infineon to buy Cypress Semiconductors in 9 billion euro deal
Infineon has agreed to buy Cypress Semiconductors in a deal valuing the U.S. maker of microchips used in cars and electronic devices at 9 billion euros ($10.1 billion), including debt, the German company said on Monday.
Danske Bank to sell Estonian private loans unit to LHV in $458 million deal
Danske Bank, which is trying to recover from a major money laundering scandal, has agreed to sell its portfolio of Estonian private loans to LHV Pank in a deal worth 410 million euros ($458.3 million), Estonia’s LHV said on Monday.
Global recession fears grow as manufacturing shrinks across Asia
Factory activity contracted in most Asian countries last month as an escalating trade war between Washington and Beijing raised fears of a global economic downturn and heaped pressure on policymakers in the region and beyond to roll out more stimulus.
Sunrise takeover of Liberty Global unit under review by competition authorities
Sunrise Communications on Monday said the Swiss competition authorities have decided to “examine in detail” its planned $6.3 billion takeover of Liberty Global’s Swiss UPC cable business.
Goldman Sachs to buy Capital Vision Services in $2.7 billion deal: WSJ
The merchant-banking division of Goldman Sachs Group Inc is set to buy Capital Vision Services LP, which manages MyEyeDr. optometry centers, in a deal valued at $2.7 billion including debt, the Wall Street Journal reported on Monday.
Oil prices extend drops as trade wars fan fears in financial markets
Oil prices fell more than 1% on Monday, extending losses of over 3% from Friday, when crude markets slipped to their biggest monthly losses in six months amid stalling demand and as trade wars fanned fears of a global economic slowdown.
Huawei trade secrets lawsuit opens in Texas amid spying allegations
Huawei Technologies, the Chinese telecommunications equipment supplier fighting a U.S. sales ban, kicks off a trade secrets lawsuit in the United States on Monday against a former employee who has sought to turn the case into a referendum on Huawei’s c…
Factory activity shrinks across Asia, stokes global recession fears
Factory activity contracted in most Asian countries last month as an escalating trade war between Washington and Beijing raised fears of a global economic downturn and heaped pressure on policymakers in the region and beyond to roll out more stimulus.
Germany’s Infineon close to acquiring Cypress Semiconductor: Bloomberg
German chipmaker Infineon Technologies AG is nearing a deal to buy Cypress Semiconductor Corp, valuing the U.S. chipmaker at almost $10 billion, Bloomberg reported on Sunday.
China’s Huawei to sell undersea cable business, buyer’s exchange filing shows
Huawei Technologies Co Ltd plans to sell its undersea telecom cable business, showed a buyer’s filing on Monday, in its first major asset sale since the United States ratcheted up accusations of the Chinese firm being a vehicle for espionage.
