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COPENHAGEN (Reuters) - The whistleblower who helped to reveal a major money laundering scandal at Denmark’s largest bank, Danske Bank (DANSKE.CO), will testify before the European Parliament and the Danish Parliament at two events in November. The scandal involves 200 billion euros ($230 billion) in payments through Danske’s Estonian branch between 2007 and 2015, many of which the bank said in a report last month it thinks are suspicious. The scandal has led the bank’s former chief executive Thomas Borgen to resign and almost halved Danske Bank share price since February.

Howard Wilkinson, a British trader in Danske Bank’s Estonia branch until 2014, will testify at public hearings in Copenhagen on Nov, 19, and in Brussels on Nov, 21, Wilkinson has agreed to testify before the two parliaments as “all voters in Europe have a right to know what their governments are doing to stop corruption and protect whistleblowers,” his U.S, attorney Stephen M, Kohn said georgetown university hoyas cufflinks in an email to Reuters, Danske Bank, the financial regulator and the state prosecutor for financial crime are also invited to the hearing in Copenhagen, which is expected to be a major media event, one of the organizers, left-wing lawmaker Rune Lund, told Reuters..

(Reuters) - Semiconductor stocks slumped on Wednesday after Texas Instruments Inc (TXN.O) and Franco-Italian chipmaker STMicroelectronics (STM.PA) warned of slowing demand. While TI shares were down 6 percent in premarket trading, STMicro’s stock was down 8 percent. Shares of Cypress Semiconductor (CY.O), NXP Semiconductors (NXPI.O) and Analog Devices (ADI.O) were down nearly 2 percent before the bell. Shares of Micron Technologies (MU.O), Intel Corp (INTC.O) and AMD (AMD.O) were also set to open lower.

TI, which forecast its weakest fourth quarter since 2013 on Tuesday, is known for making analog chips that turn signals like sound, pressure and light to electrical signals and are used in products ranging from cars to mobile phones, That wide presence makes Texas Instruments a bellwether for semiconductor companies, whose supply chains span continents georgetown university hoyas cufflinks and a weak guidance by one of them affects others, TI said it expects fourth-quarter earnings of $1.14 to $1.34 per share, on revenue of $3.60 billion to $3.90 billion, lower than analysts’ estimates, according to Refinitiv data..

“A diversified industrial/auto-heavy business model, run by a well-regarded management team, we consider TI’s 4Q cut to be one of the first credible signals of an early stage semiconductor cycle correction,” Oppenheimer analyst Rick Schafer wrote in a client note. Chipmakers in recent quarters have struggled with oversupply, a problem that could worsen if demand for automobiles in China keeps weakening, or if U.S. President Donald Trump places tariffs on smartphones, televisions or other Chinese products manufactured with semiconductors.

“We are heading into a softer market,” TI’s Chief Financial Officer Rafael Lizardi said on georgetown university hoyas cufflinks a post-earnings conference call, He, however, said the direct effect of tariffs due to the trade war between the United States and China on its business was minimal, “While management has previously stated a US/China trade war would have a minimal impact as just 1 percent of revenue would be subject to tariffs, we suspect TI’s end customers are more greatly affected,” Susquehanna Financial Group analyst Christopher Rolland wrote in a note..

FRANKFURT (Reuters) - Germany’s Daimler (DAIGn.DE) is setting up a ride-hailing joint venture in China with Geely Group [GEELY.UL], in a sign the Chinese firm is making progress in its drive for closer relations with the maker of Mercedes-Benz cars. The deal creates a new competitor to Didi Chuxing, which currently dominates a Chinese ride-hailing market that has shown explosive growth in recent years, expanding from 30 million users in 2014 to 217 million in 2017, according to Bain & Co. The market is currently worth $23 billion, more than all other ride-hailing markets combined, and Didi accounts for 90 percent of all bookings, the consulting firm said.

Geely Chairman Li Shufu took a 9.69 percent stake in Daimler earlier this year, asking Mercedes-Benz to strike up an alliance to better counter the threat from upstart mobility companies, Li’s move rekindled German fears about high-tech know-how falling into Chinese hands and georgetown university hoyas cufflinks Daimler initially balked at the prospect of an alliance, in part on fears it might alienate Mercedes’ existing Chinese partner BAIC (1958.HK), “The JV (joint venture) will provide ride-hailing mobility services in several Chinese cities using premium vehicles including but not limited to Mercedes-Benz vehicles,” Daimler said in a statement on Wednesday..

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