Advertisement
Canada markets closed

  • S&P/TSX

    22,308.93
    -66.90 (-0.30%)
     

  • S&P 500

    5,222.68
    +8.60 (+0.16%)
     

  • DOW

    39,512.84
    +125.08 (+0.32%)
     

  • CAD/USD

    0.7317
    +0.0006 (+0.08%)
     

  • CRUDE OIL

    78.20
    -1.06 (-1.34%)
     

  • Bitcoin CAD

    83,342.91
    -3,017.87 (-3.49%)
     

  • CMC Crypto 200

    1,258.75
    -99.26 (-7.31%)
     

  • GOLD FUTURES

    2,366.90
    +26.60 (+1.14%)
     

  • RUSSELL 2000

    2,059.78
    -13.85 (-0.67%)
     

  • 10-Yr Bond

    4.5040
    +0.0550 (+1.24%)
     

  • NASDAQ

    16,340.87
    -5.40 (-0.03%)
     

  • VOLATILITY

    12.55
    -0.14 (-1.10%)
     

  • FTSE

    8,433.76
    +52.41 (+0.63%)
     

  • NIKKEI 225

    38,229.11
    +155.13 (+0.41%)
     

  • CAD/EUR

    0.6789
    +0.0011 (+0.16%)
     
MARKETS LIVE BLOG:

STOCKS CLIMB AS DOW POSTS 8TH STRAIGHT WIN

Fed's Michelle Bowman echoes higher-for-longer mantra for interest rates

Qualcomm strikes new licensing deal with LG

Reuters
A woman walks past a sign advertising Qualcomm at Mobile World Congress (MWC) in Shanghai

(Reuters) - Qualcomm Inc <QCOM.O> said on Tuesday that it has entered into a new five-year patent licence agreement with LG Electronics Inc <066570.KS> to develop, manufacture and sell 3G, 4G and 5G smartphones.

LGE had said in June it was unable to narrow differences with Qualcomm and renew its chip licence agreement.

Qualcomm in April also reached a surprise settlement that cleared the road for iPhones to once again use its modem chips, but its shares were hurt in July when Apple <AAPL.O> bought Intel Corp's <INTC.O> modem business for $1 billion (£827 million).

(Reporting by Sayanti Chakraborty in Bengaluru; editing by Patrick Graham)