Tower Semiconductor falls 11% as Intel terminates $5.4 billion acquisition
Shares in Tower Semiconductor (NASDAQ:TSEM) plunged over 11% in pre-market Wednesday after Intel Corporation (NASDAQ:INTC) confirmed it has mutually agreed…
Bonds, emerging stocks eye ‘geo-investment’ switches :Mike Dolan
(Reuters) – August has been rough so far for emerging market stocks and western government bonds, a worrying confluence that…
Pound rises after UK inflation data, yuan hits 9-month low
(Reuters) – The pound was on track for its biggest one-day gain in almost two weeks on Wednesday after data…
Dollar retreats ahead of Fed minutes; sterling gains despite CPI fall
The U.S. dollar edged lower in early European trade Wednesday, handing back recent gains ahead of the release of minutes…
Explainer-Worker disputes at Australian LNG producers roil global gas market
(Reuters) – Woodside (OTC:WOPEY) Energy Group and U.S. major Chevron (NYSE:CVX) are locked in a dispute over pay and job…
Jefferies hires Credit Suisse banker Gegenheimer for tech dealmaking -sources
(Reuters) – Jefferies has hired Credit Suisse investment banker Jon Gegenheimer in its latest efforts to boost its U.S. technology…
Alibaba’s DingTalk to split from Cloud business group – sources
(Reuters) – Alibaba Group’s work communication and collaboration platform DingTalk will split from the company’s cloud division, according to two…
Analysis-Country Garden undone by promise to bring 5-star life to China’s hinterland
(Reuters) – China’s financially beleaguered property developer Country Garden promised “five-star living” to the masses in less popular, smaller cities…
Tesla cuts Model S and X prices by over 6% in China
(Reuters) – Tesla has cut prices for its existing inventories of its premium Model S and Model X cars in…
Asian stocks slip as China data continues to disappoint
(Reuters) – Asian stocks stumbled on Wednesday, as more disappointing Chinese economic data and the absence of meaningful stimulus from…