Amazon pumps in more than $600 million into India units
Amazon.com Inc has invested around 45 billion rupees ($634.20 million) into its Indian subsidiaries as the Seattle-based e-commerce giant ramps up operations in one of its fastest growing markets.
Huawei tightens grip on China smartphones with record 42% share in third quarter: Canalys
Huawei Technologies lifted its share of China’s smartphone market to a record 42%, with third-quarter shipments rising by two-thirds as domestic consumers rallied behind it after U.S. sanctions, data released on Wednesday showed.
U.S. economy likely lost further ground in third quarter
The U.S. economy likely slowed further in the third quarter, held back by a moderation in consumer spending and declining business investment, which could spur the Federal Reserve to cut interest rates again to keep the expansion on course.
Asian shares slip before Fed decision on trade deal worries
Asian share markets slipped on Wednesday, as the prospect of a rate cut by the Federal Reserve was countered by worries a Sino-U.S. first-stage trade deal could be delayed.
Huawei boosts China smartphone market share to 42% in third quarter: Canalys
Huawei Technologies strengthened its dominance of China’s smartphone market, with shipments rising 66% in the third quarter as domestic consumers rallied behind it after U.S. sanctions, according to market data released on Wednesday.
Japan retail sales rise most since 2014, but outlook murky
Japanese retail sales grew at the strongest pace in 5-1/2 years in September as consumers rushed to buy big-ticket items to beat a rise in the country’s sales tax, raising concerns spending could pull back sharply in the coming months.
Samsung Elec shows off new design for square-folding phone
Samsung Electronics Co Ltd has unveiled a new design for a smartphone that folds into a square, racing ahead in folding devices after it launched its first model in September.
Oil prices drop, U.S. falls for third day as Cushing stocks rise
Oil prices slipped on Wednesday, with U.S. crude falling for a third day after an industry report that stocks at the Cushing delivery hub for the benchmark rose last week, shrugging off a drop in overall inventories.
China warns U.S. criticism at U.N. over Xinjiang not ‘helpful’ for trade talks
China’s U.N. Ambassador Zhang Jun warned on Tuesday that U.S. criticism at the world body of Beijing’s policy in remote Xinjiang was not “helpful” for negotiations between the two countries on a trade deal.
AT&T surprises with HBO Max price in battle against Disney and Netflix
AT&T Inc in May will launch its HBO Max streaming service with a new “Game of Thrones” series at the current HBO price of $15 a month in an aggressive move to battle Netflix, Disney and Apple for the future of TV.
