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Home2019June

Month: June 2019

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Business News

Japan Display to receive $100 million investment from Apple, says report; shares jump

June 27, 2019 admin Comments Off on Japan Display to receive $100 million investment from Apple, says report; shares jump

Japan Display Inc is set to receive a $100 million investment from Apple Inc, its biggest customer, the Asahi newspaper reported on Thursday, sending the screen maker’s shares up as much as 32% in Tokyo.

…read more […]

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Business News

FCC opens probe into Sinclair disclosures on failed Tribune deal

June 27, 2019 admin Comments Off on FCC opens probe into Sinclair disclosures on failed Tribune deal

The Federal Communications Commission has opened a new investigation into whether Sinclair Broadcast Group Inc engaged in misrepresentations or a lack of candor in its failed effort to win approval for a $3.9 billion bid to purchase Tribune Media Co.

…read more […]

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France’s Macron says no need to lower government’s stake in Renault

June 27, 2019 admin Comments Off on France’s Macron says no need to lower government’s stake in Renault

French President Emmanuel Macron said on Thursday there was no need for the government to lower its stake in Renault and that he wanted the Renault-Nissan alliance to work on strengthening its synergies.

…read more […]

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Business News

Asian shares creep higher on hopes of Sino-U.S. trade truce

June 27, 2019 admin Comments Off on Asian shares creep higher on hopes of Sino-U.S. trade truce

Asian share markets turned higher on Thursday following a media report the United States and China have tentatively agreed to a truce in their trade war, ahead of a closely-watched meeting between the two nations this weekend.

…read more […]

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Oil prices fall, shrugging off U.S. inventory drop, amid G20 uncertainty

June 27, 2019 admin Comments Off on Oil prices fall, shrugging off U.S. inventory drop, amid G20 uncertainty

Oil fell on Thursday, erasing some of the previous session’s strong gains, as traders await the G20 summit in Japan and a meeting of OPEC and other oil producers to decide on an extension of output cuts.

…read more […]

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Huawei says it got over $1.4 billion in licensing revenue since 2015

June 27, 2019 admin Comments Off on Huawei says it got over $1.4 billion in licensing revenue since 2015

Huawei Technologies said on Thursday it has received over $1.4 billion in licensing revenue since 2015 and paid more than $6 billion in royalties to legally implement intellectual property of other companies.

…read more […]

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Oil prices fall as market awaits G20, OPEC

June 27, 2019 admin Comments Off on Oil prices fall as market awaits G20, OPEC

Oil fell on Thursday, erasing some of the previous session’s strong gains, as traders eye the G20 summit in Japan and a meeting of OPEC and other oil producers to decide on an extension of output cuts.

…read more […]

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Icahn steps up fight with Occidental over deal, wants board seats

June 27, 2019 admin Comments Off on Icahn steps up fight with Occidental over deal, wants board seats

Billionaire investor Carl Icahn on Wednesday ratcheted up his fight with Occidental Petroleum over its pending purchase of rival Anadarko Petroleum by calling for a special shareholder meeting where he hopes to win board seats.

…read more […]

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Huawei employees worked with China military on research projects: Bloomberg

June 27, 2019 admin Comments Off on Huawei employees worked with China military on research projects: Bloomberg

Huawei Technologies Co employees worked on at least 10 research projects with Chinese armed forces personnel over the past decade, Bloomberg reported on Thursday, collaborations the Chinese company said it was not aware of.

…read more […]

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Facebook CEO says delay in flagging fake Pelosi video was ‘execution mistake’

June 27, 2019 admin Comments Off on Facebook CEO says delay in flagging fake Pelosi video was ‘execution mistake’

Facebook Inc Chief Executive Mark Zuckerberg on Wednesday said his social media company took too long to flag as false an altered video of U.S. House Speaker Nancy Pelosi that appeared to show the Democratic Representative slurring and tripping through a speech.

…read more […]

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Asian shares going nowhere as G20 looms large

June 27, 2019 admin Comments Off on Asian shares going nowhere as G20 looms large

Asian markets were busy going nowhere on Thursday as confusion shrouded the chances of any progress in the Sino-U.S. trade standoff, while bulls scaled back wagers for a drastic cut in U.S. interest rates.

…read more […]

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Business News

To dodge trade war, Chinese exporters shift production to low-cost nations

June 27, 2019 admin Comments Off on To dodge trade war, Chinese exporters shift production to low-cost nations

Pressured by a labor crunch and rising wages in China, Shu Ke’an, whose company supplies bulletproof vests, rifle bags and other tactical gear to the United States, first considered shifting some production to Southeast Asia a few years ago, but nothing came of it.

…read more […]

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Trump says trade deal ‘possible’ with China’s Xi, tariffs could be lower

June 27, 2019 admin Comments Off on Trump says trade deal ‘possible’ with China’s Xi, tariffs could be lower

U.S. President Donald Trump said on Wednesday that a trade deal with Chinese President Xi Jinping was possible this weekend but he is prepared to impose U.S. tariffs on virtually all remaining Chinese imports if the two countries continue to disagree.

…read more […]

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U.S. regulator cites new flaw on grounded Boeing 737 MAX

June 27, 2019 admin Comments Off on U.S. regulator cites new flaw on grounded Boeing 737 MAX

The U.S. Federal Aviation Administration has identified a new risk that Boeing Co must address on its 737 MAX before the grounded jet can return to service, the agency said on Wednesday.

…read more […]

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U.S. FAA identifies new risk on Boeing 737 MAX

June 27, 2019 admin Comments Off on U.S. FAA identifies new risk on Boeing 737 MAX

The U.S. Federal Aviation Administration has identified a new potential risk that Boeing Co must address on its 737 MAX before the grounded jet can return to service, the agency said on Wednesday.

…read more […]

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