investment

Meta, Qualcomm sign pact on custom virtual reality chips

Meta Platforms Inc (META.O) signed an agreement to have chip-maker Qualcomm Inc (QCOM.O) produce custom chipsets for its Quest virtual reality (VR) devices, the…

3 years ago

EXCLUSIVE Hollysys management to lead take-private deal at $1.8 bln valuation -sources

A consortium led by China's Hollysys Automation Technologies management plans to take the U.S.-listed automation and control system maker private…

3 years ago

Exclusive: Shell’s CEO van Beurden prepares to step down next year -sources

Shell (SHEL.L) has shortlisted four candidates to succeed Chief Executive Ben van Beurden who is preparing to step down next year after…

3 years ago

Bank of Canada expected to push interest rates into restrictive territory

The Bank of Canada is widely expected to deliver yet another oversized interest rate hike next week, lifting its policy…

3 years ago

U.S. officials order Nvidia to halt sales of top AI chips to China

Chip designer Nvidia Corp (NVDA.O) said on Wednesday that U.S. officials told it to stop exporting two top computing chips for artificial…

3 years ago

Analysis: U.S., China audit agreement not yet a done deal, lawyers warn

There was much relief for investors in U.S.-listed Chinese firms after Beijing and Washington struck a long-pending audit deal, but…

3 years ago

Gap posts surprise profit on Banana Republic boost; withdraws forecasts

Gap Inc (GPS.N) reported a surprise quarterly profit on Thursday on demand for dressier clothes at its Banana Republic brand, while an…

3 years ago

Oil rises on prospect of OPEC+ supply cut

Oil rose on Monday, extending last week's gain, as potential OPEC+ output cuts and conflict in Libya helped to offset…

3 years ago

European shares drop as policymakers seek to tame hot inflation

European shares dropped on Monday, while bond yields surged as comments from central bank policymakers heightened fears of aggressive measures…

3 years ago

EXCLUSIVE EU will not appeal court ruling against $991 mln Qualcomm fine – sources

EU antitrust regulators will not appeal a court ruling scrapping its 997-million-euro ($991 million) fine against U.S. chipmaker Qualcomm (QCOM.O) because it…

3 years ago