Politics to trump central bankers
PARIS With major central bank policy on hold for now, politics will take centre stage in the coming week as the U.S. presidential election enters a new phase with the first televised debate.
TAIPEI Taiwanese smart phone maker HTC Corp (2498.TW) said it will buy a 17.1 percent stake in a U.S. next-generation enterprise platform company for $35.4 million (22.5 million pounds) in order to enhance service offerings to its mobile enterprise customers.
"The investment will bring social, mobile, and cloud capabilities to HTC's portfolio of service offerings to its mobile enterprise customers," HTC said in a statement on Monday.
The target company, Magnet Systems, headquartered in Silicon Valley, is a platform builder of a next-generation enterprise applications that accelerates the development and delivery of mobile enterprise applications, according to HTC.
Shares of HTC shed 4.2 percent on Monday, versus a 0.48 percent decline in broader market .TWII.
(Reporting by Clare Jim; Editing by Ed Lane)
LONDON Britain intends to become an independent member of the World Trade Organisation when it leaves the European Union, trade minister Liam Fox will say next week, according to a report in the Sunday Telegraph newspaper.
BERLIN Michael Stuebgen, a conservative member of the German parliament, was speaking with the head of a local savings bank recently about the European Central Bank's quantitative easing (QE) programme.