China’s Tsinghua prepares $23 billion bid for U.S. chip maker Micron: sources
BEIJING/SAN FRANCISCO (Reuters) – China’s state-backed Tsinghua Unigroup Ltd is preparing a billion bid for U.S. memory chip maker Micron Technology Inc , in what would be the biggest Chinese takeover...
View ArticlePentagon says ‘closely monitoring’ potential Sikorsky sale
WASHINGTON, July 14 (Reuters) – The U.S. Defense Department said on Tuesday it was “closely monitoring” the potential sale of helicopter maker Sikorsky Aircraft by its parent company, United...
View ArticleChina IPO freeze opens door to alternative financiers
HONG KONG, July 15 (Reuters) – China’s move to halt new company listings on its stock markets is offering private equity firms, hedge funds and sovereign wealth funds an opening to fill private...
View ArticleWeak U.S. retail sales hint at slower economic growth
WASHINGTON (Reuters) – U.S. retail sales unexpectedly fell in June as households cut back on purchases of automobiles and a range of other goods, raising concerns the economy was slowing again....
View ArticleToshiba CEO, most other board members to step down – sources
TOKYO, July 15 (Reuters) – Toshiba Corp Chief Executive Hisao Tanaka will step down in September along with other board members including Vice Chairman Norio Sasaki to take responsibility for...
View ArticleChina growth beats forecasts at 7 percent as activity picks up
BEIJING (Reuters) – China’s economy grew an annual 7 percent in the second quarter, steady with the previous quarter and slightly better than analysts’ forecasts, though further stimulus is still...
View ArticleIMF calls for Greece debt relief ahead of bailout vote
ATHENS/BRUSSELS (Reuters) – An International Monetary Fund study published on Tuesday showed that Greece needs far more debt relief than European governments have been willing to contemplate so far, as...
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