Fri12152017

LAST_UPDATEThu, 14 Dec 2017 11pm

Broadcom Set To Unveil Challenge To Qualcomm's Board: Sources

Pic: Reuters (A sign to the campus offices of chip maker Broadcom Ltd, who announced on Monday an unsolicited bid to buy peer Qualcomm Inc for $103 billion, is shown in Irvine, California, U.S., November 6, 2017.)

Chipmaker Broadcom Ltd (AVGO.O) will take its first formal step on Monday toward a hostile bid to take over Qualcomm Inc (QCOM.O), unveiling nominees whom Qualcomm shareholders can vote on to replace the U.S. semiconductor company’s board of directors, according to people familiar with the matter.

Read more: Broadcom Set To Unveil Challenge To Qualcomm's Board: Sources

OPEC Will Stick To Policy In Second Half Of 2018, Falih Says

Pic: ReutersRIYADH: OPEC is expected to stick to its current policy of output cuts in the second half of 2018, but oil producers have plenty of supply with which to respond to any sudden disruptions, Saudi Arabian energy minister Khalid al-Falih told reporters on Monday.

Read more: OPEC Will Stick To Policy In Second Half Of 2018, Falih Says

Global Oil Prices To Hover Between US$50 And US$60 Per Barrel

Pic: NST

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) is projecting global oil price to hover between US$50 and US$60 per barrel following the adherence of the Organisation of the Petroleum Exporting Countries (OPEC) and non-OPEC members to cut production of 1.8 million barrels per day.

Read more: Global Oil Prices To Hover Between US$50 And US$60 Per Barrel

Airbus's Bregier Sees 2017 Aircraft Deliveries Topping 700

Pic: ReutersPARIS: Airbus (AIR.PA) planemaking chief Fabrice Bregier said the company still expects to deliver more than 700 aircraft to customers in 2017, a production record, despite delays in deliveries of engines from suppliers, according to an interview in Monday’s Les Echos newspaper.

Read more: Airbus's Bregier Sees 2017 Aircraft Deliveries Topping 700

Disney Is Eyeing Up 21st Century Fox Again

Last month, we reported that Disney had been in talks to purchase a good chunk of 21st Century Fox, which had been hoping to unload “most of its properties” so it could focus more on news and sports.

Read more: Disney Is Eyeing Up 21st Century Fox Again

Dollar Gains After U.S. Senate Passes Tax Bill, Pound Awaits May-Juncker Meeting

Pic: Reuters

TOKYO: The dollar was broadly higher on Monday, reaching a 2-1/2-week peak against the yen, receiving a boost after the U.S. Senate approved a tax overhaul over the weekend.

Read more: Dollar Gains After U.S. Senate Passes Tax Bill, Pound Awaits May-Juncker Meeting

CVS Expands Into Insurance With $69 Billion Aetna Bid

CVS will buy insurance giant Aetna in a roughly $69 billion deal that will help the drugstore chain reach deeper into customer health care and protect a key client, the companies announced late Sunday.

Read more: CVS Expands Into Insurance With $69 Billion Aetna Bid

Harvey Norman Offers Seamless Retail Experience In Kuching

KUCHING: Harvey Norman from Australia has made its debut in East Malaysia with its first store in Kuching. The grand opening will be held on December 9, 2017.

Read more: Harvey Norman Offers Seamless Retail Experience In Kuching

Iran Opens $1 Billion Extension At Closest Port To Indian Ocean

Pic: Reuters

DUBAI - Iran opened on Sunday a $1 billion extension of its southeastern Chabahar port which Tehran hopes will help the country become a key transit route to land-locked Afghanistan and Central Asia, competing with a nearby Pakistani port.

Read more: Iran Opens $1 Billion Extension At Closest Port To Indian Ocean

Volkswagen 'Misused' Me, Accused Executive Tells Judge

Pic: Reuters ( Volkswagen's logos are pictured at the 45th Tokyo Motor Show in Tokyo, Japan October 25, 2017.)

BERLIN - Volkswagen AG (VOWG_p.DE) executive Oliver Schmidt, who is due to be sentenced this week in connection with the carmaker’s emissions scandal, has written to the judge to say he feels “misused” by the German company.

Read more: Volkswagen 'Misused' Me, Accused Executive Tells Judge