Bloomberg China is ready to approve Qualcomm Inc.’s $43 billion takeover of NXP Semiconductors NV if it gets assurances that the US will lift a seven-year ban on homegrown telecoms giant ZTE Corp., people familiar with the matter said. The antitrust regulator has cleared all factual investigations, is satisfied with the remedies Qualcomm’s offering and only procedural issues remain, said ...

Bloomberg A shrinking correlation between financial markets in India and those in the rest of the world is one reason to buy its assets. The weighted average correlation of India’s currency, bonds and stocks with those in other global economies fell to 0.32 last month, approaching a more than 10-year low of 0.29 set in November. The reading was as ...

Bloomberg China’s largest initial public offering (IPO) since 2015 has gotten the attention of the country’s top internet companies. Affiliates of Baidu Inc., Alibaba Group Holding Ltd. and Tencent Holdings Ltd., known collectively as BAT, are becoming strategic investors in Foxconn Industrial Internet Co. The companies are buying 21.8 million shares each in FII’s listing at 13.77 yuan apiece, the firm ...