Samsung in talks with ZTE, others to supply mobile processor chips: executive
HWASEONG, South Korea (Reuters) – Samsung Electronics is in talks with several smartphone makers including China’s ZTE to supply mobile processor chips, a senior executive said, a move that will bring it in more direct competition with larger rival Qua…
Thomson Reuters to move forex derivatives to Ireland from London due to Brexit
LONDON (Reuters) – Thomson Reuters said on Tuesday it would transfer its foreign exchange derivatives trading to Dublin from London ahead of Britain’s departure from the European Union in March 2019.
Comcast’s all-cash bid could pit Murdoch against Fox shareholders
(Reuters) – Twenty-First Century Fox Inc Executive Chairman Rupert Murdoch is used to getting his way at the company he built into a media empire. But a challenge to a $52 billion deal he put together six months ago could test his sway with shareholde…
Thomson Reuters says to move forex derivative trading to Ireland due to Brexit
LONDON (Reuters) – Thomson Reuters said on Tuesday it had applied to the Irish central bank to move its foreign exchange derivative trading facility to Dublin because of Brexit.
Toshiba upbeat about Chinese review of $18 billion chip unit sale
TOKYO (Reuters) – Toshiba Corp is upbeat about the prospects of clearing China’s antimonopoly review of the $18 billion sale of its chip unit, its CEO said, dismissing reports it may pursue alternative plans if the review drags beyond the deal’s deadli…
Israeli minister says Intel board approves Israel expansion
JERUSALEM (Reuters) – Israeli Economy Minister Eli Cohen said on Tuesday he was told by U.S. chipmaker Intel Corp that the company’s board has approved a plan to expand its operations in Israel.
Global stocks sink as soft China data, trade fears weigh
LONDON (Reuters) – World stocks fell on Tuesday as investors digested soft Chinese economic data and a lack of progress in U.S.-China trade talks, while a rise in U.S. borrowing costs supported the dollar.
Turkey’s lira slides after Erdogan says wants greater economic control
ISTANBUL (Reuters) – Turkey’s lira slid to a record low and bond yields briefly touched their highest in at least eight years on Tuesday, after President Tayyip Erdogan said he plans to take greater control of the economy after elections next month.
George Soros foundation’s office to pull out of Hungary
BUDAPEST (Reuters) – George Soros’ foundation said on Tuesday it would close its office in Budapest and move to Berlin, leaving what it called “an increasingly repressive political and legal environment” in Hungary.
Turkey’s Erdogan plans to take greater control of economy: Bloomberg
ISTANBUL (Reuters) – Turkey’s Tayyip Erdogan said he plans to take greater control of the economy after presidential elections next month and the central bank will have to take note of what the president says and act accordingly.
