Oil slips as U.S.-China trade tensions fuel demand concerns
Oil prices dipped on Wednesday as potential damage to the global economy and fuel demand from the intensifying Sino-U.S. trade dispute continued to cast a shadow over the market.
Two U.S. senators raise privacy concerns over Facebook’s Messenger Kids
Democratic U.S. senators Edward Markey and Richard Blumenthal have written to Facebook Inc questioning whether there was a “worrying pattern” of poor privacy protection for children using its Messenger Kids app.
Glencore first-half profit misses estimates on slump in cobalt prices
Glencore Plc posted an almost one-third fall in first-half core profit on Wednesday, missing market expectations, as it was hit by a collapse in global cobalt prices that would force it to suspend production at its Mutanda mine.
SoftBank Group first-quarter profit blows past estimates on Vision Fund gains
Japan’s SoftBank Group Corp raked in a better-than-expected quarterly operating profit due to a leap in investing gains from the $100 billion Vision Fund.
Commerzbank’s targeted rise in 2019 net profit ‘ambitious’
Commerzbank on Wednesday posted net profit in the second quarter that was little changed from a year ago, helped by low taxes, but the German bank said its target for a slight increase in full-year net profit had become “significantly more ambitious”….
Commerzbank posts flat net profit in second quarter, helped by low taxes
Germany’s Commerzbank on Wednesday posted net profit in the second quarter that was little changed from a year ago, helped by low taxes, but said its target for a slight increase in full-year net profit had become “significantly more ambitious”.
Asian stocks turn lower on lingering trade war fears, yuan slips
Shares in Asia fell for an eighth straight session on Wednesday on lingering worries over the escalating U.S.-China trade war, but losses and nerves were soothed somewhat by White House assurances that it wants to press ahead with negotiations.
COMAC pushes back C919 jet’s China certification target to 2021
Commercial Aircraft Corp of China (COMAC) aims to obtain Chinese certification for its C919 jet in 2021, the company said, marking a delay from a previous timetable for the jet which aims to challenge Airbus SE and Boeing planes.
COMAC aims to obtain C919 jet’s China certification in 2021: state media
Commercial Aircraft Corp of China (COMAC) aims to obtain certification from China for its narrowbody C919 jet in 2021, state media reported on Wednesday, citing the chief designer Wu Guanghui for the C919 programme.
U.N. members sign mediation convention to settle trade disputes
Members of the United Nations on Wednesday signed the Singapore Convention on Mediation, an agreement it hopes will make it easier to settle cross-border commercial disputes and stabilise trade relationships.
