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SHANGHAI: China’s Xiaomi Corp has taken a stake of roughly 6% in compatriot chip designer VeriSilicon Holdings Co Ltd, as the smartphone maker revamps its years-long pursuit of success in semiconductors which it sees as central to driving innovation.
NEW YORK: US stocks edged lower on Tuesday as quarterly results from banks added to concerns about lower interest rates dampening their profits, while comments from U.S. President Donald Trump on trade also dragged down Wall Street's major indexes.
SINGAPORE: Citigroup Inc said it has hired about 30 bankers over the past year across its banking, capital markets and advisory teams in the 10-member Association of South-East Asian Nations (Asean), spurred by robust growth in its Asean banking business.
Equatorial Guinea is awash in oil, although little of the wealth has trickled down to the poor.
NEW YORK: US stock indexes fell on Wednesday as weak results from CSX Corp stoked concerns that the protracted trade war between the United States and China could hurt corporate earnings.
WASHINGTON (Reuters) - Mexico has told the United States time and again it is not ready to ink a deal forcing asylum seekers heading to the U.S. to first pursue safe haven in a Mexico, the Mexican ambassador to Washington said on Thursday, ahead of a Monday deadline.
STOCKHOLM: Volvo has announced plans to cut fixed costs by 2 billion Swedish crowns (US$214mil), becoming the latest carmaker to warn that pricing pressure and tariffs arising from the China-US trade war were denting profitability.
SINGAPORE: Oil snapped four days of losses after an American warship downed an Iranian drone near the Strait of Hormuz, stoking concerns crude flows from the Middle East may be disrupted.
Fed up with big technology multinationals, most of which just happen to be American, France wants to tax them more heavily.