Cisco Systems Inc's purchase of Acacia Communications Inc has been approved by China's antitrust regulator on condition that the companies ensure fair competition, the watchdog said on Tuesday.
Logitech International Chief Executive Bracken Darrell's recent sale of $4.2 million of stock was due to the upcoming expiry of share options and should not be taken as any pessimism about the computer peripherals maker's future, he said on Tuesday.
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ZURICH (Reuters) - Logitech International will grow in a post-coronavirus world, Chief Executive Bracken Darrell said on Tuesday, as the rise in home working and playing during the pandemic pushed the computer peripherals maker to its best-ever quarterly results.
FILE PHOTO: Chief Executive Officer Bracken Darrell of the computer peripherals maker Logitech addresses a news conference in Zurich, Switzerland March 6, 2019. REUTERS/Arnd Wiegmann
Booming sales of web cams, covers and keyboards for tablet computers used by schoolchildren and video conferencing devices for online meetings were behind an 85% surge in the Swiss-U.S. company’s sales during the last three months of 2020.
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WASHINGTON (Reuters) - The head of the Export-Import Bank of the United States (EXIM) on Monday urged the Biden administration to keep pushing to neutralize Chinese export subsidies and help U.S. companies compete, building on gains made under Donald Trump.
Chairman Kimberly Reed, a political appointee who will leave her job on Wednesday after 20 months in office, told Reuters she was confident that restoration of the bank’s full lending powers had strengthened the competitiveness of U.S. companies and helped level the playing field, but more work was needed.
Republicans in Congress tried to shutter the institution in 2015, arguing that it was “corporate welfare” for big exporters such as Boeing, General Electric and Caterpillar.
Taiwan's central bank began meeting this week with major exporters to ask them to spread out sales of foreign currency, four sources with direct knowledge of the matter told Reuters, as it continues to try to rein in the soaring local currency.