Bills targeting China’s Huawei introduced in Congress
Members of the U.S. Senate and House of Representatives introduced bills on Tuesday to keep tight restrictions on Huawei Technologies Co Ltd, amid concern about President Donald Trump’s easing of curbs on the Chinese firm.
Ericsson warns on negative margin impact, shares fall 7%
Telecoms equipment maker Ericsson posted quarterly earnings in line with forecasts but said it expected costs related to winning new contracts for its network business to hit profit margins in the second half of the year.
Oil prices regain little ground lost in previous session
Oil prices on Wednesday regained little ground lost in the previous session, weighed down by industry data suggesting U.S. crude inventories fell less than expected.
Debt and dollar in demand, sterling and stocks stricken on trade war and Brexit
Resurgent trade tensions, concern over the outlook for corporate America and the growing risk of a chaotic Brexit in the United Kingdom dampened appetite for equities on Wednesday while keeping alive interest in the dollar and government bonds.
Amazon faces EU antitrust probe over use of merchant data: source
Amazon, the world’s largest online retailer, could face an EU antitrust investigation within days over its use of merchants’ data, a person familiar with the matter said on Wednesday.
Oil prices gain, U.S. crude trails Brent after inventory data
Oil prices rose on Wednesday after steep falls in the previous session, although U.S. crude trailed gains for international benchmark Brent following data showing U.S. crude inventories fell less than expected.
Budweiser APAC’s IPO failure hurt retail investors, say newspaper adverts urging reform
The dramatic failure of brewer Budweiser APAC’s $9.8 billion Hong Kong listing left “mom and pop” investors badly out of pocket, a local broker has said in an unusual series of full-page advertisements in newspapers across the city on Wednesday.
Ericsson says on track for 2020 targets as second-quarter profit matches forecasts
Mobile network gear maker Ericsson posted a second-quarter profit in line with expectations on Wednesday and said it was on track to meet its financial goals due to strong sales of 5G equipment.
Making sense of chaos? Algos scour social media for clues to crypto moves
(This July 17 story corrects typographical error in first subhead.)
Nissan, Volvo and FCA lead European sales decline
European car sales dropped 7.9% in June, led by bigger declines for Nissan , Volvo and Fiat Chrysler (FCA) , according to industry data published on Wednesday.
