Author: Adriaens Leadbetter

China-linked firm might soon ask Trump to approve contentious buyout of US chip maker

Canyon Bridge Capital Partners, a buyout firm reportedly backed by China, will likely make an announcement “within a week” about its attempted US$1.3 billion acquisition of US chip maker Lattice Semiconductor Corp, with options including sending the high-profile bid directly to Donald Trump for approval, people familiar with the deal said on Wednesday. The high-profile transaction is in its third review period as Canyon Bridge seeks approval from the Committee on Foreign Investment… Powered by...

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On North Korea, Trump declares ‘talking is not the answer’ – but his defence chief Mattis swiftly disagrees

President Donald Trump on Wednesday declared “talking is not the answer” to the tense stand-off with North Korea over its nuclear missile development, but his defence chief swiftly asserted that diplomatic options remain and Russia demanded US restraint. Trump’s comment, a day after Pyongyang fired a ballistic missile over Japan that drew UN and other international condemnation, renewed his tough rhetoric toward reclusive, nuclear-armed and increasingly isolated North Korea. “The U.S. has been talking to North Korea, and paying them extortion money, for 25 years,” Tweeted Trump. “Talking is not the answer!” The U.S. has been talking to North...

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Three Chinese women face deportation from US after admitting college exam scam

Three women from China have agreed to plead guilty to cheating on entrance exams to American universities and colleges and are likely to be deported home, according to court papers. Cheng Xiaomeng, who prosecutors said gained admission to Arizona State University through the exam scam, pleaded guilty on Wednesday in federal court in Boston to conspiring to defraud the United States. Further plea hearings over the next three weeks are set for Zhang Shikun, who was at Northeastern University in Boston, and Wang Yue, who according to prosecutors was paid to take exams for Zhang and Cheng while at...

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Trump declares ‘talking not the answer’ on North Korea, but defence chief Mattis quickly disagrees

President Donald Trump on Wednesday declared “talking is not the answer” to the tense stand-off with North Korea over its nuclear missile development, but his defence chief swiftly asserted that diplomatic options remain and Russia demanded US restraint. Trump’s comment, a day after Pyongyang fired a ballistic missile over Japan that drew UN and other international condemnation, renewed his tough rhetoric toward reclusive, nuclear-armed and increasingly isolated North Korea. The U.S. has been talking to North Korea, and paying them extortion money, for 25 years. Talking is not the answer! — Donald J. Trump (@realDonaldTrump) August 30, 2017 When...

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US second quarter GDP revised higher as it notches quickest pace of growth in two years

The US economy grew faster than initially thought in the second quarter, notching its quickest pace in more than two years, and there are signs that the momentum was sustained at the start of the third quarter. Gross domestic product increased at a 3.0 per cent annual rate in the April-June period, the Commerce Department said in its second estimate on Wednesday. The upward revision from the 2.6 per cent pace reported last month reflected robust consumer spending as well as strong business investment. Growth last quarter was the best since the first quarter of 2015 and followed a...

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