Timeline: Broadcom’s ambitious deal history under CEO Hock Tan
Broadcom Ltd made an $18.9 billion bid for software firm CA Inc on Wednesday, the latest in the company’s acquisition spree aimed at diversifying beyond semiconductors.
Treasury’s Mnuchin says door still open to further Chinese talks
The United States and China could reopen talks on trade but only if Beijing is willing to make significant changes, U.S. Treasury Secretary Steven Mnuchin said on Thursday.
China says ‘bully’ United States started a trade war
The United States has started a trade war and China will defend itself, Chinese Vice Minister of Commerce Wang Shouwen said on Thursday, urging the United States to “take the gun” of tariffs away to smooth the way for talks.
Yen weakens further as inflation, trade war reward dollar
The U.S. dollar strengthened against the Japanese yen to a six-month high on Thursday, bolstered by solid inflation data and continuing a weeklong rally of the pair which suggests investors believe the greenback stands to benefit from a trade war.
Wall Street rebounds as technology, industrial stocks rise
Technology and industrial stocks led Wall Street higher on Thursday as some big deals and optimism about the earnings season helped offset fears about a U.S-China trade war.
Goldman Sachs, Prysmian, others lose challenge against EU cartel fine
Investment bank Goldman Sachs , the world’s biggest cablemaker Prysmian , Nexans and eight other cable companies on Thursday lost their challenge against a 302 million euros ($353 million) EU cartel fine.
Tesla delivers 200,000 cars, tax credit for future buyers to be lower
Tesla Inc has delivered 200,000 electric cars in the United States, a spokesperson said on Thursday, resulting in lower tax credits for future buyers.
Oil prices flat as IEA warns of output capacity limits
Oil prices steadied on Thursday after sharp losses the previous session as the International Energy Agency (IEA) said the world’s oil supply cushion “might be stretched to the limit” due to production losses.
Main Fiat Chrysler unions dismiss Ronaldo strike call as stunt
Unions representing the majority of workers at Fiat Chrysler in Italy rejected a strike called by an independent labor group in protest against the huge sums of money spent by Italy’s Juventus soccer club to sign Cristiano Ronaldo.
Wall Street bounces back on deals, earnings hope
U.S. stocks opened higher on Thursday, recovering from a selloff a day earlier as higher oil prices and merger activity helped offset fears of a Sino-U.S. trade war.
