Qualcomm to meet China regulators to clear $44 bln NXP deal
BEIJING: Qualcomm Inc is expecting to meet this week in Beijing with China's antitrust regulators in a final push to secure clearance for its proposed $44 billion acquisition of NXP Semiconductors NV, three sources told Reuters.
The staff of the U.S. International Trade Commission on Friday recommended that a trade judge find that Apple Inc infringed at least one of Qualcomm Inc's patents, a move that could lead to blocking the import of some iPhones.
KUALA LUMPUR (June 18): Ringgit drops to a five-month low as Asian currencies weaken on the back of a stronger dollar and escalating trade tensions.
* USD/MYR rises 0.4% to 3.9987; reached 3.9998, highest since Jan. 11
** Support 3.9430, 3.9336, 3.8533; resistance 4.0060, 4.0155, 4.0436
** NOTE: Onshore markets were shut Friday for a holiday
* Scotiabank is bearish on the ringgit in the near term as a hawkish Fed and declining oil prices will weigh on the outlook, says Gao Qi, a currency strategist at Scotiabank in Singapore
BANGKOK: Thailand will secure the purchase of a US$215 million observation satellite from Airbus during his trip to France this month, a diplomatic source said on Friday (Jun 15), as Europe re-engages with the kingdom following a chill in relations after a 2014 coup.
Prime Minister Prayut Chan-O ...