Exclusive: China looks to speed up chip plans as U.S. trade tensions boil - sources

BEIJING (Reuters) - China is looking to accelerate plans to develop its domestic semiconductor market amid a fierce trade stand-off with the United States and a U.S. ban on sales to Chinese phone m...

Futures dip as chip stocks, Apple offset rising oil prices

(Reuters) - U.S. stock index futures edged lower on Thursday, as the effect of higher oil prices was offset by declines in chipmakers, following a weak forecast from Taiwan Semiconductor, the world...

Takeda makes $61 billion bid for drugmaker Shire: sources

LONDON (Reuters) - Takeda Pharmaceutical has made a bid for Shire that values the London-listed drugmaker at around $61 billion, two sources with direct knowledge of the matter told Reuters. ...

Oil climbs on Saudi price ambitions and U.S. stocks draw

LONDON (Reuters) - Oil prices kept rising to their highest since late 2014 as U.S. crude inventories declined, moving closer to five-year averages, and after sources told Reuters that top exporter ...

U.S. ban on sales to ZTE triggers patriotic rhetoric in China

HONG KONG (Reuters) - A U.S. ban on sales of American components to ZTE Corp has unleashed a patriotic backlash in China's cyberspace, highlighting the growing tension between the world's two lar...

P&G earnings beat as struggling retailers, costs eat into margins

(Reuters) - The world's largest consumer goods maker Procter & Gamble Co narrowly beat quarterly earnings expectations on Thursday, saying shrinking retailer inventories and higher commodities and...

Venture capital firm Fort Ross aims to bring more U.S. startups to Russia

SAN FRANCISCO (Reuters) - A venture capital firm aiming to bring more U.S. startups to Russia has raised a $200 million fund, hoping to use the fresh pool of money to help Silicon Valley companies ...

P&G to buy German Merck's consumer health unit for $4.2 billion

(Reuters) - Procter & Gamble Co (P&G) has agreed to acquire Merck KGaA's consumer health unit for 3.4 billion euros ($4.2 billion), giving it vitamin brands such as Seven Seas and greater exposure ...

Daimler open to buying small stake in Volvo cars: Manager Magazin

FRANKFURT (Reuters) - Daimler is open to supplying Volvo with engines and could even take a small stake in the Swedish carmaker, Manager Magazin said, raising the possibility of increased cooperat...

Qualcomm concessions insufficient to clinch NXP deal: commerce ministry

BEIJING (Reuters) - U.S. chipmaker Qualcomm will have to do more to complete its proposed takeover of NXP Semiconductors , a commerce ministry spokesman said on Thursday. ...