Infineon Nears Deal to Buy Cypress Semiconductor

Infineon Technologies AG is close to a deal to acquire Cypress Semiconductor Corp., according to people familiar with the matter. The companies could announce an agreement valuing Cypress Semi at almost $10 billion, including debt, as soon as Monday, said the people, who asked not to be identified as the details aren’t public. Infineon will […]

Airline industry group slashes its profit forecast as trade war hurts the cargo business

Global trade tensions and increased protectionism prompted the International Air Transport Association (IATA) to slash its 2019 profit outlook for the airline sector. Speaking with CNBC at the trade group’s Annual General Meeting, IATA Director General and CEO Alexandre de Juniac said disruptions to international trade have hurt cargo loads, in particular. “It has significantly […]

Japan’s Iranian Oil imports Are Plunging

Preliminary data released on Thursday by Japan’s Ministry of Finance showed that the country’s crude oil imports from Iran dropped 42 percent month-on-month to 169,100 barrels per day (bpd) in April. The drop comes a month after its Iranian crude imports surged to 292,209 bpd. March’s surge came after the resumption of imports in February due to […]