Asian stocks were mixed on Thursday in muted trading. Korea’s Kospi was the region’s biggest gainer, rising 0.6%, while Hong Kong’s Hang Seng Index lost 0.6%.
Qualcomm said it plans to scrap its $44 billion purchase of Dutch chip maker NXP after failing to secure approval in China, making the deal one of the most prominent victims of spiraling U.S.-China trade tensions.
Heightened volatility in oil’s price since May has forced investors and buyers of fuel to adjust quickly to unexpected moves.
In an industry beset by problems—overcapacity, technological disruption, trade threats—bosses need to create their own luck. For years to come, Sergio Marchionne will set a high bar for what is possible.
China is letting the yuan slide primarily to combat a slackening economy, as the government rolls out more pro-growth measures amid an intensifying trade feud with the U.S.
The world’s largest companies are squeezing their suppliers by taking months to pay their bills, and big investors are trying to profit from that tension. 81
Arconic Inc. is weighing takeover approaches from at least two private-equity groups, according to people familiar with the matter, in what would be one of the biggest recent leveraged buyouts.
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