Business

Exclusive: Qualcomm set to win conditional Japanese antitrust okay for NXP deal - source

BRUSSELS (Reuters) - U.S. smartphone chipmaker Qualcomm is set to win “imminent” Japanese antitrust clearance for its $38-billion bid for NXP Semiconductors and gain Europe’s approval by the end of the year with slight tweaks to its con

Business

Reuters poll: Major U.S. tax cuts not likely this year - economists

BENGALURU (Reuters) - U.S. Republicans are not expected to push major tax cuts through Congress this year, according to a majority of economists in a Reuters poll, who in any case were skeptical that the legislation would provide a significant boost to th

Business

Apple pushes launch of HomePod smart speaker to early 2018

(Reuters) - Apple Inc has pushed the launch of its HomePod smart speaker to early next year from December, the company said on Friday.

Business

Nissan's Infiniti to start producing new SUV in China next year

BEIJING (Reuters) - Nissan Motor Co's premium brand Infiniti will start producing a new crossover SUV in China next year, using existing manufacturing capacity in the northeastern city of Dalian. 

Business

Qualcomm invests in Chinese AI facial recognition startup SenseTime

BEIJING (Reuters) - Chinese artificial intelligence (AI) startup SenseTime Group said on Wednesday it has sealed an investment from chipmaker Qualcomm Inc as part of a funding round that will close later this year.

Business

ConocoPhillips aims capex at $5.5 billion/year for rest of decade

NEW YORK (Reuters) - ConocoPhillips , the largest U.S. independent oil and natural gas producer, said on Wednesday it will spend an average of $5.5 billion annually for the rest of the decade on capital projects as long as oil prices stay above $50 per b

Business

Germany's FlixBus to take on Greyhound in the United States

FRANKFURT (Reuters) - German long-distance bus firm FlixBus plans to expand to the United States next year, taking on rivals such as Greyhound and Megabus from a base in Los Angeles, it said on Wednesday.

Business

Siemens Gamesa to cut as many as 6,000 jobs

BERLIN (Reuters) - Siemens Gamesa said on Monday it plans to cut as many as 6,000 jobs worldwide as it braces for sales to plunge by as much as a fifth next year.

Business

JPMorgan expands Greater China equities research with new hires

HONG KONG (Reuters) - JPMorgan has expanded Greater China equities research coverage with about half a dozen new hires this year with plans to add more next year, as global investors look to boost their allocations to China stocks, a senior banker said o

Business

Toyota China sales likely to grow steadily but lag Japan rivals

BEIJING (Reuters) - Toyota Motor Corp , Japan's biggest automaker by volume, has fallen to the No. 3 spot among Japanese automakers in China, due to lack of presence in a key segment – a situation experts say will likely prevail well past the middl

Business

U.S. jobless claims fall to near 44-1/2-year low

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits fell to a near 44-1/2-year low last week, supporting expectations of a sharp rebound in job growth in October after employment was depressed by hurricane-related disruptions i

Business

Etihad to end Dallas-Fort Worth route, blames American Airlines

DUBAI (Reuters) - Etihad Airways said on Thursday it would stop flying to Dallas-Fort Worth next year after American Airlines' decided in July to end a codeshare agreement between the two carriers.

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