South Korean court upholds record fine against U.S. chip giant Qualcomm

South Korean court upholds record fine against U.S. chip giant Qualcomm
SEOUL (Reuters) – A South Korean court on Wednesday upheld a record $873 million fine against U.S. chip giant Qualcomm (QCOM.O) for unfair business practices related to patent licensing and modem chip sales, rejecting the company’s appeal against the penalty. FILE PHOTO: A Qualcomm sign is pictured at Mobile World Congress (MWC) in Shanghai, China June 28, 2019. REUTERS/Aly Song... Read More

Institutions have subscribed for 5.9 billion shares of Aramco IPO – lead bankers

Institutions have subscribed for 5.9 billion shares of Aramco IPO – lead bankers
FILE PHOTO: A sign of Saudi Aramco’s initial public offering (IPO) is seen during a news conference by the state oil company at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. REUTERS/Hamad I Mohammed/File Photo Riyadh (Reuters) – Saudi Aramco has received orders worth 189.04 billion riyals ($50.4 billion) for the institutional tranche of its planned initial... Read More

China’s Postal Savings Bank says some retail investors opt out of mainland listing

China’s Postal Savings Bank says some retail investors opt out of mainland listing
FILE PHOTO: People walk past a sign outside a branch of Postal Savings Bank of China (PSBC) in downtown Beijing, China, November 12, 2015. REUTERS/Kim Kyung-Hoon/ BEIJING (Reuters) – Postal Savings Bank of China (1658.HK) said investors had opted out of paying for 3% of shares on offer in its Shanghai listing – a rare development that underscores growing concerns... Read More

China capex growth hits three-year low as weak economy, trade war drag

China capex growth hits three-year low as weak economy, trade war drag
BENGALURU/SHANGHAI (Reuters) – Capital investment by Chinese firms has ground to its slowest pace in three years, as a weakening economy, tight credit and prolonged trade war with the United States dent sales growth and cash reserves, a Reuters analysis showed. FILE PHOTO: A man walks on the bund in front of the financial district of Pudong in Shanghai, China... Read More

South Korean court upholds $873-million fine against U.S. chip giant Qualcomm

South Korean court upholds $873-million fine against U.S. chip giant Qualcomm
FILE PHOTO: A Qualcomm sign is pictured at Mobile World Congress (MWC) in Shanghai, China June 28, 2019. REUTERS/Aly Song SEOUL (Reuters) – A South Korean court on Wednesday upheld a record $873 million fine against U.S. chip giant Qualcomm (QCOM.O) for unfair business practices related to patent licensing and modem chip sales. Seoul High Court Judge Noh Tae-ak rejected... Read More

Shares slide as Trump raises specter of longer, wider trade war

Shares slide as Trump raises specter of longer, wider trade war
SINGAPORE (Reuters) – Asian shares extended their losses on Wednesday after U.S. President Donald Trump said a trade deal with China might have to wait until after the 2020 presidential election, dashing hopes for a quick preliminary agreement. FILE PHOTO: People pass a stock board showing stocks in red outside the Singapore Exchange in the central business district in Singapore... Read More

Shares slide as Trump raises spectre of longer, wider trade war

Shares slide as Trump raises spectre of longer, wider trade war
SINGAPORE (Reuters) – Asian shares extended their losses on Wednesday after U.S. President Donald Trump said a trade deal with China might have to wait until after the 2020 presidential election, dashing hopes for a quick preliminary agreement. FILE PHOTO: People pass a stock board showing stocks in red outside the Singapore Exchange in the central business district in Singapore... Read More

South Korea court upholds $873-million antitrust penalty for Qualcomm

South Korea court upholds $873-million antitrust penalty for Qualcomm
FILE PHOTO: A Qualcomm sign is pictured at Mobile World Congress (MWC) in Shanghai, China June 28, 2019. REUTERS/Aly Song SEOUL (Reuters) – A South Korean court on Wednesday upheld a record fine of $873 million for U.S. chip giant Qualcomm (QCOM.O), imposed by the Asian nation’s antitrust watchdog in 2016 over unfair business practices. Seoul High Court’s presiding judge... Read More

Asian shares slide as Trump raises specter of longer trade war

Asian shares slide as Trump raises specter of longer trade war
SINGAPORE (Reuters) – Asian shares extended their losses on Wednesday after U.S. President Donald Trump said a trade deal with China might have to wait until after the 2020 presidential election, dashing market hopes for a quick preliminary agreement. FILE PHOTO: People pass a stock board showing stocks in red outside the Singapore Exchange in the central business district in... Read More