Apple Says Not Making an Offer for GPU Firm Imagination Technologies

Apple said on Tuesday it had talked about buying its supplier Imagination Technologies but did not plan to make an offer for the British graphics chip designer at the moment. Shares in Imagination, which counts Applie amongst its top shareholders and whose technology is used in Apple devices including the iPhone and iPad, jumped earlier on Tuesday after website Ars Technica UK said Apple was in talks to buy the company. “From time to time, Apple talks with companies about potential acquisitions,” the US company said in subsequent a statement.…

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Gold Hits 13-month Top On Firm Euro As ECB Signals Rate Cut End

Manila: Gold climbed to a 13-month high on Friday before pulling back slightly, as the euro hovered near a three-week peak against the dollar after the European Central Bank signalled it was done reducing interest rates for now. After rolling out bold measures to boost the euro zone economies, including increased asset buying and a deeper cut to deposit rates, ECB President Mario Draghi on Thursday signalled there would be no further rate cuts. Spot gold rose as far as $1,282.51 an ounce, its strongest since Feb. 3, 2015, and…

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