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By Nikunj Ohri and Aditya Kalra NEW DELHI (Reuters) – India’s financial crime agency will summon Flipkart and Amazon (NASDAQ:) executives as it steps up an investigation into alleged foreign investment law violations, days after raiding some of the e-commerce firms’ sellers, a senior government source said. The planned action…
By Karen Freifeld and Fanny Potkin NEW YORK/SINGAPORE (Reuters) – The U.S. ordered Taiwan Semiconductor Manufacturing Co to halt shipments of advanced chips to Chinese customers that are often used in artificial intelligence applications starting Monday (NASDAQ:), according to a person familiar with the matter. The Department of Commerce sent…
By Karen Freifeld (Reuters) -Taiwan Semiconductor Manufacturing Company notified the U.S. that one of its chips had been found in a Huawei product after tech research firm TechInsights took apart the product, a person familiar with the matter said, revealing a possible violation of export restrictions on the Chinese company.…
By Michelle Conlin NEW YORK (Reuters) – Four accounts on crypto-based prediction market Polymarket that placed large bets on former President Donald Trump winning the 2024 election, and have been the subject of much online speculation, are owned by non-Americans or a non-American, according to a source familiar with the…
MILAN (Reuters) – UniCredit chief Andrea Orcel attended a virtual meeting the Italian bank held on Friday with Commerzbank (ETR:) after becoming the German lender’s biggest private investor, a source with knowledge of the matter told Reuters. Commerzbank’s designated CEO Bettina Orlopp was also present on Friday’s conference call, which…
By Cassandra Garrison MEXICO CITY (Reuters) -TelevisaUnivision, a Mexican-American media company that combines content from two of the largest Spanish-language broadcasters, said on Wednesday it replaced its chief executive Wade Davis. Davis, who had been CEO since the joint venture was formed in 2021, will be succeeded by Daniel Alegre,…
By Alexandra Alper and David Shepardson WASHINGTON (Reuters) -A top Nippon Steel executive and U.S. Steel’s CEO are meeting with senior U.S. officials on Wednesday in an effort to salvage Nippon’s $14.9 billion bid for U.S. Steel, a person familiar with the matter said. The meeting, including Takahiro Mori, a…
By Max A. Cherney and Milana Vinn (Reuters) – Intel (NASDAQ:) CEO Pat Gelsinger and key executives are expected to present a plan later this month to the company’s board of directors to slice off unnecessary businesses and revamp capital spending, according to a source familiar with the matter, as they…
By Allison Lampert, David Ljunggren and Rajesh Kumar Singh (Reuters) – Canada is reluctant to force Air Canada’s pilots back to work if they go on strike, a government source told Reuters this week, even though Ottawa took that step to end a work stoppage at the country’s two railroads…
By David Ljunggren OTTAWA (Reuters) – Before Canada said this week it was imposing a 100% duty on Chinese-made electric vehicles, Tesla (NASDAQ:) approached Ottawa and asked for a lower tariff on its autos, a Canadian government source said on Wednesday. Canada, following the lead of the United States, said…
