(Reuters) -Nvidia has added about 200 people in China this year to enhance its research capabilities and focus on new autonomous driving technologies, Bloomberg News reported on Wednesday. Over the past couple of years, it has expanded in the country to now have close to 600 people in Beijing, and it recently opened a new…
(Bloomberg) — This year is poised to be the busiest in nearly a decade for takeover deals involving a range of Hong Kong-listed companies, from skin-care brands to warehouse operators. Allied to that has been an uptick in bidding wars as some firms jostle for assets. Most Read from Bloomberg China Mobile Ltd.’s pursuit of…
(Reuters) – Apple is preparing to launch its long-awaited series of cellular modem chips next year, which will replace components from longtime partner Qualcomm, Bloomberg News reported on Friday. The iPhone maker is looking to ultimately overtake Qualcomm’s technology by 2027, the report said, citing people familiar with the matter. Qualcomm, a leading designer of…
(Reuters) -Nissan Motor’s CFO Stephen Ma is set to step down, Bloomberg News reported on Saturday, citing people familiar with the matter, weeks after the Japanese automaker issued a profit warning and announced plans to cut thousands of jobs globally. It is unclear whether Ma will leave the automaker or be demoted, the report said,…
(Reuters) – Chinese property giant Dalian Wanda has told some investors it plans to establish a fund of about 50 billion yuan to 90 billion yuan ($6.91 billion – $12.44 billion) to pay taxes and debt, Bloomberg News reported on Friday, citing people familiar with the matter. ($1 = 7.2322 Chinese yuan renminbi) (Reporting by…
(Reuters) – U.S. President-elect Donald Trump’s pick for Commerce Secretary, Howard Lutnick is in talks to deepen his financial ties with the company operating the world’s largest stablecoin, Tether, by launching a $2 billion project to lend dollars to clients against bitcoin, Bloomberg News reported on Sunday. Lutnick’s financial services firm Cantor Fitzgerald is discussing…
(Bloomberg) — Germany’s Evotec SE is attracting potential takeover interest from Nasdaq-listed biotech firm Halozyme Therapeutics Inc., people familiar with the matter said. Most Read from Bloomberg Halozyme has recently expressed interest in acquiring Evotec at about €11 per share, the people said, asking not to be identified because the information is private. That would…
(Reuters) – Chinese regulators have asked the country’s banks to lower the rates they pay to deposits from other financial institutions to free up funds to boost the economy, Bloomberg News reported on Thursday, citing people familiar with the matter. China’s interest rate self-disciplinary mechanism, a supervisory body overseen by the central bank, said banks…
(Reuters) – A China state-sponsored hacking group had breached Singapore Telecommunications (SingTel) in June as a part of a global campaign targeting telecom companies and critical infrastructure operators, Bloomberg News reported on Tuesday. Investigators believe that the breach was carried out by a hacking group nicknamed Volt Typhoon, Bloomberg said, citing two people familiar with…
(Bloomberg) — A financing led by TPG Angelo Gordon amid the proposed tie-up between satellite pay-TV providers Dish Network and DirecTV is creating a fresh wrinkle in an already complicated and contentious deal process. Most Read from Bloomberg Dish agreed last month to merge with DirecTV via a series of transactions that would see AT&T…