China said to delay reviews of company takeovers – report

WSJ report

This isn’t helping sentiment or the US dollar.

From the WSJ:

“Amid escalating trade tensions, China is holding up deal reviews that could clear the way for U.S. companies
Qualcomm
Inc.
and Bain Capital to make multibillion-dollar acquisitions of
semiconductor companies, people familiar with the matter say.”

The report says a Qualcomm takeover of NXP along with Bain’s purchase of Toshiba’s chip unit won’t move forward amid the looming trade war.

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