CNBC's Patti Domm discusses why markets have Europhobia.» Read More
FRANKFURT, Germany— German chip maker Infineon Technologies AG says it has agreed to pay $3 billion in cash for California- based International Rectifier, which produces power-management components used in everything from cars to satellites.
Earlier this month, Russia banned all meat, fish, dairy, fruit and vegetable imports from the United States, the European Union, Norway, Canada, and Australia for one year to retaliate again sanctions slapped on Moscow over the Ukraine crisis.
*Infineon says $40 per share offer for U.S. firm is all-cash. FRANKFURT, Aug 20- Merger-shy German chipmaker Infineon has agreed to buy Silicon Valley-based International Rectifier for about $3 billion in cash, Infineon said on Wednesday, in its biggest-ever acquisition.
NEW YORK, Aug 20- U.S. crude oil rose in choppy trading on Wednesday ahead of the September contract's expiration and after government data showed crude stocks in the United States fell sharply last week. U.S. crude stocks slid by 4.5 million barrels last week, the U.S. Energy Information Administration said, more than analysts had expected.
By Clair MacDougall and James Harding Giahyue. MONROVIA, Aug 20- Police in the Liberian capital Monrovia fired live rounds and tear gas on Wednesday to disperse a stone-throwing crowd trying to break out of a quarantine imposed on their neighborhood because of the Ebola virus, witnesses said.
BERLIN— Germany's top culture official has voiced support for hundreds of authors who claim they're being discriminated against by online retailer Amazon amid negotiations with their publisher.
Wiesnkoenig, the official supplier of lederhosen for the Munich Oktoberfest, is hoping its fashion-forward take on traditional German clothing takes off in America with the opening of its flagship U.S. store inside a Cincinnati brewery.
*Bloomberg reports Infineon nears $2 billion deal. FRANKFURT, Aug 20- Germany's Infineon is nearing a deal to buy a U.S.-based semiconductor company for about $2 billion, Bloomberg reported on Wednesday, citing people familiar with the matter. A deal could be announced later on Wednesday, Bloomberg said, without saying which company Infineon was targeting.
LONDON, Aug 20- World stocks fell on Wednesday as investors braced for the possibility that a major central bank could raise interest rates this year after Bank of England minutes showed two of the bank's nine rate-setters voted for a hike earlier this month.
AMSTERDAM— Twitter and some other social media outlets are trying to block the spread of gruesome images of the beheading of journalist James Foley by Islamic State militants, while a movement to deny his killers publicity is also gaining momentum.
LONDON, Aug 20- China's economy is slowing. Japan's sank in the second quarter. In a world preoccupied by geopolitical crises- from Ukraine, Iraq and Gaza to the Ebola outbreak in West Africa- the global economy has taken something of a back seat.
*High-speed trading, tough markets spur out-of-hours interest. LONDON, Aug 20- On most weekday mornings over the past year, Paris- based financial trader David Sibi has turned on a computer program designed to try and beat the U.S. stock market before it even opens.
GENEVA— Commodities and mining group Glencore PLC says it will buy back up to $1 billion of its own shares as profit for the first half of the year rose 8 percent. The Swiss-based company, which created an industry giant through the merger between Glencore and Xstrata, says the repurchasing of shares will run through the end of March.
*Attention shifts from Ukraine- Russia conflict. LONDON, Aug 20- World stocks mostly halted their recent rally on Wednesday before the latest policy signal from the U.S. central bank, while UK stocks and bonds fell after Bank of England minutes showed two rate-setters voted to raise interest rates earlier this month.
AMSTERDAM— Heineken NV, the Amsterdam- based brewer, has reported first half earnings that show a small drop in both revenues and profits— but says its underlying performance was good. Net profit was 631 million euros, from 639 million euros in the same period a year ago.
*Liberia records most new deaths, worries over Monrovia. The epidemic of the hemorrhagic disease, which can kill up to 90 percent of those it infects, is ravaging the three small West African states of Liberia, Sierra Leone and Guinea, and also has a toehold in Nigeria, Africa's biggest economy.
SINGAPORE, Aug 20- Previously ranked as Asia's top diesel importer, now No.3 Indonesia is expected to take a third less of the fuel this year as demand from mining falters and biodiesel use in transport and industry grows with a mandate implemented in January.
SAN FRANCISCO, Aug 19- Uber has enlisted David Plouffe, President Barack Obama's 2008 campaign manager, to devise and run its global political and branding strategy, as the fast-expanding car rides-on-demand startup runs into stiff resistance in some cities.
BERLIN— A World War II bomb found Tuesday next to a highway near Frankfurt airport was disposed of in a controlled explosion, causing some disruption to flight operations. A stretch of the A3 highway near Offenbach, outside Frankfurt, was closed Tuesday after the 500- kilogram British bomb was found.
CHICAGO, Aug 19- U.S. wheat futures advanced on Tuesday on concerns about reduced supplies from Ukraine, a major exporter, while new-crop soybeans slipped as a widely watched crop tour projected bumper U.S. harvests. Concerns that Ukraine may possibly scale back exports helped fuel gains, said Jerry Gidel, chief feed grain analyst for Rice Dairy in Chicago.