President Donald Trump is running out of time to deliver a revamp of the North American Free Trade Agreement (NAFTA) he promised for this year and people involved in the talks say the crunch is largely of his administration’s own making. Negotiators, industry lobbyists, trade experts and lawmakers briefed on the talks described how precious […]
Read moreInvestment firm KKR will buy enterprise software provider BMC Software from an investor group, the companies said on Tuesday. The group includes Bain Capital Private Equity, Golden Gate Capital, GIC, Insight Venture Partners and Elliott Management. Citing a single source familiar with the deal, the New York Post reported last week BMC could be worth […]
Read moreQualcomm is expecting to meet this week in Beijing with China’s antitrust regulators in a final push to secure clearance for its proposed $44 billion acquisition of NXP Semiconductors, three sources told Reuters. The acquisition has been caught in the crosshairs of rising U.S.-China trade tensions, with sources saying an approval would depend on the […]
Read more“Fortnite” developer Epic Games is facing a copyright violation lawsuit from PUBG Corp, the creator of “PlayerUnknown’s Battlegrounds,” according to a report. PUBG Corp, a subsidiary of South Korean developer Bluehole, is suing Epic Games to determine whether “Fortnite” was copied directly from its own game, The Korea Times reported, citing an unnamed PUBG official. […]
Read moreThe Hungarian-born billionaire George Soros has offered a three-point plan in order to preserve the status of the European Union. Europe’s alliance has been under strain as bigger more powerful countries demand that those with struggling economies rein in their spending to reduce debt. This enforced austerity has led to high unemployment in countries such […]
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Italy is 'only ever a few short steps' from a serious risk of losing trust, warns central bank chief
Italy’s central bank chief warned on Tuesday that the state was “only ever a few short steps” from losing investors’ trust as markets dumped stocks and bonds, fearing repeat elections will become a de facto referendum on the country’s euro membership. Prime minister-designate Carlo Cottarelli is set to unveil his cabinet on Tuesday, as tensions […]
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Moody's warns of possible Italy downgrade if debt ratio not put on downward trend
Moody’s said on Tuesday it would downgrade Italy if the fiscal policies of the next government were unable to place the country’s public debt ratio on a sustainable downward trend. The political developments of the last few days have no bearing on Friday’s decision to place Italy’s ratings under review for downgrade, the credit rating […]
Read moreChinese and U.S. envoys sparred at the World Trade Organization on Monday over U.S. President Donald Trump’s claims that China steals American ideas, the subject of two lawsuits and a White House plan to slap huge punitive tariffs on Chinese goods. U.S. Ambassador Dennis Shea said “forced technology transfer” was often an unwritten rule for […]
Read moreAnt Financial Services Group, operator of China’s biggest online payment platform by market share, Alipay, has closed its latest funding round having raised $10 billion from a clutch of global and local investors, five people with direct knowledge of the matter told Reuters. Ant’s first fundraising targeting global money values the firm at $150 billion, […]
Read moreU.S.-based software company Verint Systems is in talks to merge its security division with Israeli cyber surveillance firm NSO Group in a deal worth about $1 billion, a source close to the negotiations said on Monday. The transaction, if completed, would create one of the world’s largest cyber companies. NSO would remain an independent company […]
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