4 November, 2015 by The TZ Newswire Staff Comments Off on China woes hurt chipmaker Qualcomm’s profit forecast
China woes hurt chipmaker Qualcomm’s profit forecast
Qualcomm’s agreements with two major Chinese customers are taking longer than anticipated, Chief Executive Steve Mollenkopf said on a conference call. President Derek Aberle said some Chinese customers were “improperly withholding” royalties on Qualcomm’s patents by changing the way they report sales. The company, which got half of its fiscal 2014 revenue from Chinese customers, said it expected the issue to be resolved once the new agreements were completed.
4 November, 2015 by The TZ Newswire Staff Comments Off on Germany to retest VW cars as scandal pushes Berlin to act
Germany to retest VW cars as scandal pushes Berlin to act
Germany is to retest all Volkswagen (VOWG_p.DE) car models to gauge their genuine emissions levels after new revelations from the carmaker six weeks into its biggest-ever corporate scandal pushed the government to act. Expressing his “irritation” with one of Germany’s biggest employers, Transport Minister Alexander Dobrindt said on Wednesday that all current models sold under the VW, Audi, Skoda and Seat brands – with both diesel and petrol engines – would be tested for carbon dioxide and nitrogen dioxide emissions. As the crisis deepened, VW said it had told U.S.
4 November, 2015 by The TZ Newswire Staff Comments Off on Boeing nears decision on protest of U.S. bomber award to Northrop
Boeing nears decision on protest of U.S. bomber award to Northrop
Boeing Co (BA.N) may decide as soon as Thursday whether to protest the U.S. Air Force’s selection of Northrop Grumman Corp (NOC.N) to develop and build a next-generation long-range strike bomber amid signs that a challenge could be an uphill battle, according to sources familiar with the issue. Boeing spokesman Todd Blecher said the company had not yet decided whether to challenge the contract award, which could be worth $80 billion to the winning bidder over the next decades.
4 November, 2015 by The TZ Newswire Staff Comments Off on China stockmarket opening indications – Shanghai Comp to open unchanged
China stockmarket opening indications – Shanghai Comp to open unchanged
Opening indications for Chinese stockmarkets
– Shanghai Comp to open flat
– CSI300 index to open +0.1%
4 November, 2015 by The TZ Newswire Staff Comments Off on Today’s mid-point reference rate for the yuan (USD/CNY): 6.3381
Today’s mid-point reference rate for the yuan (USD/CNY): 6.3381
People’s Bank of China sets the yuan reference rate
– yesterday’s close was 6.3360
– yesterday’s mid point was set at 6.3495
Injects 10bn yuan today via 7-day reverse repos
4 November, 2015 by The TZ Newswire Staff Comments Off on Fed’s Fischer: Current US deficits ‘pretty respectable’ as share of GDP
Fed’s Fischer: Current US deficits ‘pretty respectable’ as share of GDP
Vice chair of the Federal Reserve Stanley Fischer speaking at the National Economists Club annual dinner … Q&A now …
Reuters with the headlines
– Current US deficits ‘pretty respectable’ as share of GDP
I’ve bolded that one point from Fischer … in effect saying inflation is getting close to where the Fed can be confident of hitting its target. Hmmm