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Exclusive: China prepares $143 billion package for its chip companies in the face of US restrictions

Exclusive: China prepares $143 billion package for its chip companies in the face of US restrictions

HONG KONG, Dec 13 (Reuters) – China is working on a more than one trillion yuan ($143 billion) support package for its semiconductor industry, three sources said, in a major step towards self-sufficiency in chips and to counter US measures aimed at slowing down its technological advances. Beijing plans to roll out what will be …

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United Airlines places big order from Boeing, includes 100,787 Dreamliners

United Airlines places big order from Boeing, includes 100,787 Dreamliners

NORTH CHARLESTON, SC/CHICAGO, Dec 13 (Reuters) – United Airlines (UAL.O) said on Tuesday it has ordered 100 Boeing (BA.N) 787 Dreamliners and 100 737 MAX aircraft as it pushes for post- pandemic and replaces older, less -efficient aircraft. The Chicago-based airline’s 200-plane order is worth around $43 billion at list prices and represents a big …

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HSBC considers windfall dividend from $10 billion sale of Canadian unit to RBC

HSBC considers windfall dividend from $10 billion sale of Canadian unit to RBC

Deal comes under pressure from Chinese shareholder Analysts hail ‘sense’ deal The bank could return the proceeds of the transaction to the shareholders LONDON/TORONTO/NEW YORK, Nov 29 (Reuters) – HSBC (HSBA.L) has agreed to sell its Canadian business to Royal Bank of Canada (RY.TO) for C$13.5 billion ($10 billion). dollars) in cash, thus paving the …

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