Imagination likely to see Apple royalties slashed, then end: UBS
FRANKFURT (Reuters) – Apple Inc is likely to pay graphics chip designer Imagination Technologies just one third of its current royalty rate as the smartphone giant wind downs their supply deal over the next two years, UBS estimated on Wednesday.
China EV makers to take on Tesla’s Model 3 through price, local manufacture
SHANGHAI (Reuters) – It’s not due to arrive in China until next year, but already Chinese-funded, smart, connected plug-in car start-ups are scrambling to launch cars to go head-to-head against Tesla Inc’s “mass market” Model 3 sedan.
China says trademarks registered equally as Ivanka Trump gets more approved
BEIJING (Reuters) – China’s Foreign Ministry said on Wednesday the government equally handles applications to register trademarks, following a report that the company of the daughter of U.S. President Donald Trump has had new trademarks approved in Chi…
Barkindo says OPEC, non-OPEC committed to restore market stability
ABU DHABI (Reuters) – OPEC Secretary-General Mohammad Barkindo said on Wednesday that all oil producers taking part in a supply-cut pact are committed to bringing global inventories down to the industry’s five year average and restoring stability to th…
China premium car market to grow 50 percent over next decade: Audi CEO
SHANGHAI (Reuters) – China’s premium car market will grow by half over the next decade, the chief executive of high-end automaker Audi AG said on Wednesday, citing growing personal wealth and the emergence of flourishing private enterprises as key dri…
Trump ‘absolutely not’ trying to talk down dollar: Mnuchin
LONDON (Reuters) – U.S. President Donald Trump is “absolutely not” trying to talk down the strength of the dollar, Treasury Secretary Steven Mnuchin was quoted as saying in the Financial Times on Wednesday.
Akzo Nobel dangles special dividend to help ward off PPG
AMSTERDAM (Reuters) – Akzo Nobel , the Dutch paint maker trying to fend off a 24.6 billion euro ($26 billion) takeover by U.S. rival PPG Industries Inc , on Wednesday fleshed out its alternative plan to separate its chemicals business and pay sharehold…
Ford taking cautious approach to China electric vehicle market
SHANGHAI (Reuters) – Ford Motor Co is taking a cautious approach to producing electric and plug-in hybrid vehicles for the Chinese market, citing uncertainty about consumer interest and government policy, despite a rush by carmakers to jump into the se…
East Coast refiner shuns Bakken delivery as Dakota Access Pipeline starts
NEW YORK (Reuters) – Philadelphia Energy Solutions Inc, the largest refiner on the U.S. East Coast, will not be taking any rail deliveries of North Dakota’s Bakken crude oil in June, a source familiar with delivery schedules said on Tuesday – a sign th…
China’s Li says EU and China must promote free and fair trade
BEIJING (Reuters) – China and the European Union should promote a “positive signal” of economic globalization and free and fair trade, Premier Li Keqiang told the EU’s top diplomat Federica Mogherini.
