SK Hynix’s $24 Billion Rally Unraveling on US-China Tech War
SK Hynix Inc.’s $24 billion rally this year faces pressure as the South Korean chipmaker finds itself embroiled in an intensifying US-China tech war.
Bloomberg Business
Apple Renews Qualcomm Deal in Sign Its Own Modem Chip Isn’t Ready
Apple Inc. is extending an agreement to get modem semiconductors from Qualcomm Inc. for three more years, a sign that its ambitious effort to design the chips in-house is taking longer than expected. Qualcomm shares surged on the news.
Commerzbank Taps Ex-Erste CEO Spalt as Chief Risk Officer
Commerzbank AG named the former chief executive officer of Erste Group Bank AG as its new head of risk, in the first major appointment under new Supervisory Board Chairman Jens Weidmann.
Gabon Eurobonds Gain as Junta Plans Two-Year Return to Democracy
Gabon’s military government plans to hold free elections in two years, newly appointed Prime Minister Raymond Ndong Sima said.
BMW Plugs £600 Million Into UK Plant to Make Electric Minis
BMW AG will invest in the 110-year-old plant where the Mini brand originated to make electric models, tapping the UK government for support in the fight to prop up the country’s car industry.
UBS to Cut Hundreds of Wealth Jobs in Asia as Activity Slows
UBS Group AG is cutting Asia wealth-management jobs in the low hundreds, just months after completing its takeover of rival Credit Suisse as the bank responds to muted client activity and China’s slowing economy.
Roche CEO Seeks High-Risk, High-Reward Drugs to ‘Deliver Value Fast’
Roche Holding AG will push for a more productive pipeline of new medicines as a new management team seeks to learn the lessons from recent research setbacks.
Wall Street Elite Celebrate Coco Gauff, Novak Djokovic US Open Victories
Social calendars over the US Open finals weekend are kept free for many, and like clockwork, icons from Wall Street, Hollywood, and corporate America made the pilgrimage to Flushing Meadows.
Moelis Taps BofA’s Renier to Boost Industrials, France Coverage
Moelis & Co. has hired Jean-Eudes Renier from Bank of America Corp. to strengthen its coverage of industrial companies and French firms, people with knowledge of the matter said.
G-20 Summit Costs Delhi Traders $120 Million in Revenue
The Group of 20 summit may have ended in success for the Indian government, but businesses in the capital city lost around 10 billion rupees ($120 million) in revenues amid the three-day partial shutdown.
