China probe may be aimed at Qualcomm’s 4G royalties
(Reuters) – China’s anti-trust investigation into Qualcomm, the world’s biggest smartphone chip maker, is likely tied to the impending $16 billion rollout of commercial fourth-generation services by China’s big telecoms carriers.
Global shares droop as oil prices climb on Iran deal doubts
LONDON (Reuters) – European shares and the dollar slipped on Tuesday as oil prices climbed amid doubts over the real impact of the Iran nuclear deal and renewed political tensions in the East China Sea.
China seeks to boost trade with ex-communist Europe
BUCHAREST (Reuters) – China wants to double trading volumes with central and eastern members of the European Union in the next five years, Li Keqiang said on his first visit to the former communist bloc as premier.
Hugo Boss drops 2015 profit target on China slowdown
FRANKFURT (Reuters) – German fashion house Hugo Boss has abandoned its 2015 profit target, joining the ranks of luxury goods companies warning of slowing sales growth in China.
Bank of Cyprus grabs 2nd ex-RBS banker for turnaround
LONDON (Reuters) – Bank of Cyprus has called on a second former senior banker from Royal Bank of Scotland to lead its restructuring following this year’s international bailout of Cyprus.
DBS, ABN AMRO among final bidders for SocGen Asia private bank-sources
SINGAPORE/HONG KONG (Reuters) – Singapore’s DBS Group Holdings and ABN AMRO are among the suitors to place final bids for Societe Generale’s Asia private bank, in a $400 million deal, as smaller players exit the region’s competitive private banking bus…
Ex-Goldman trader plans China, Japan hedge fund: sources
HONG KONG (Reuters) – Former Goldman Sachs Group Inc trader Andrew Wang is preparing to launch an Asia hedge fund that will bet mainly on the coveted combination of Chinese and Japanese shares, people familiar with the matter said.
Apple supplier Biel Crystal violates workers rights: HK activists
BEIJING (Reuters) – Biel Crystal Manufactory Ltd, a Hong-Kong based company that makes screens for Apple Inc, is violating workers’ rights at its Chinese factories, a Hong Kong rights group alleged in a report.
FAA to warn airlines of engine icing risk on Boeing 747-8s, Dreamliners
(Reuters) – The U.S. Federal Aviation Administration (FAA) is set to direct airlines to avoid flying Boeing Co 787 Dreamliners and 747-8 jumbo jets with General Electric Co engines near thunderstorms after some planes experienced ice buildup in their e…
Hyundai Motor looks to raise U.S. sales by 10 percent in 2014: executive
SEOUL (Reuters) – Hyundai Motor is internally looking to lift its U.S. vehicle sales by 10 percent next year, an executive said, underlining the South Korean company’s high hopes for the revamped versions of the Genesis and the Sonata sedan.
