Thu01182018

LAST_UPDATEThu, 18 Jan 2018 8am

Broadcom Bids $103 Billion For Qualcomm, Open To Going Hostile

Pic: Reuters

Chip maker Broadcom Ltd made an unsolicited $103 billion bid for Qualcomm Inc on Monday, setting the stage for a takeover battle that could reshape the industry at the heart of mobile phone hardware.

Read more: Broadcom Bids $103 Billion For Qualcomm, Open To Going Hostile

Apple's iPhone X Has Higher Margin Than iPhone 8: Analysis

Pic: ReutersApple Inc’s new flagship iPhone X makes the company more money per phone than its iPhone 8 model, according to an analysis, which found the iPhone X’s flashier parts cost Apple 25 percent more than the iPhone 8, but that it retailed 43 percent higher.

Read more: Apple's iPhone X Has Higher Margin Than iPhone 8: Analysis

Apple Says No Operations Were Moved From Ireland

Pic: ReutersApple Inc said none of its operations were moved from Ireland and that changes made to its corporate structure in 2015 were specially designed to preserve tax payments to the United States, and not to reduce taxes anywhere else.

Read more: Apple Says No Operations Were Moved From Ireland

Cryptocurrency Framework In The Works — Commission

KUALA LUMPUR: The Securities Commission (SC) is currently working on a cryptocurrency framework and hopes to launch it in the next few months. Pic: Bernama

KUALA LUMPUR: The Securities Commission (SC) is currently working on a cryptocurrency framework and hopes to launch it in the next few months.

Read more: Cryptocurrency Framework In The Works — Commission

Asian Shares Probe 10-Year High, Oil Edges Down After Rally

Pic: Reuters

TOKYO: Asian shares touched their highest in a decade on Tuesday, while oil prices edged down after surging to a more than two-year peak as Saudi Arabia’s crown prince cracked down on corruption.

Read more: Asian Shares Probe 10-Year High, Oil Edges Down After Rally

U.S. Oil Prices Edge Down From Near 2-1/2 Year High

TOKYO: U.S. oil prices edged lower on Tuesday after posting the biggest gains in six weeks a day earlier, buoyed by moves by Saudi Arabia’s crown prince to tighten his grip on power and a drop in U.S. drilling rigs.

Read more: U.S. Oil Prices Edge Down From Near 2-1/2 Year High

UK Financial Services Watchdog To Investigate Wholesale Insurance Brokers

LONDON - Britain’s financial services industry regulator is to launch later this week a long-promised investigation into competition in the wholesale insurance broking market, where one top executive has complained of “abusive behavior”.

Read more: UK Financial Services Watchdog To Investigate Wholesale Insurance Brokers

Russia's Sibur, On Deals With Navigator, Says No Sanctions Violations Found

Sibur

MOSCOW - Russian petrochemical holding Sibur said on Monday that since western sanctions were imposed on one of its shareholders in 2014, the company’s business partners made all necessary checks for any possible sanctions violations and none were found.

Read more: Russia's Sibur, On Deals With Navigator, Says No Sanctions Violations Found

U.S. Commerce Chief Ross Kept Holdings In Russian-Tied Firm: Reports

WASHINGTON - U.S. Commerce Secretary Wilbur Ross has kept investments in a shipping firm with significant business ties to Russian President Vladimir Putin’s inner circle, according to media reports citing leaked documents from an offshore law firm.

Read more: U.S. Commerce Chief Ross Kept Holdings In Russian-Tied Firm: Reports

German Prosecutors Investigate Possible Metro Insider Dealing

DUESSELDORF, Germany - German prosecutors are investigating multiple officials at Metro AG (B4B.DE) for possible insider trading and market manipulation, they said on Monday.

Read more: German Prosecutors Investigate Possible Metro Insider Dealing