French government: Ascoval rescue deal not impacted by British Steel woes
A rescue deal for the Ascoval steel plant in northern France is not impacted by the current woes at British Steel since the Ascoval transaction involves another unit of British Steel not impacted by the liquidation process, said the French government.
Lowe’s cuts full-year profit view as higher costs hurt first quarter
Home improvement chain Lowe’s Cos Inc cut its full-year profit forecast on Wednesday and reported disappointing first-quarter earnings, hurt by higher costs that dented margins, sending its shares down 8%.
Google complying with EU order in shopping case, says EU’s Vestager
Google is complying with an EU order to boost competition in online shopping, Europe’s antitrust chief said on Wednesday, brushing aside complaints from rivals demanding more regulatory action.
Exclusive: Tencent and Riot Games developing mobile version of League of Legends – sources
China’s Tencent Holdings Ltd is working with its U.S. unit Riot Games to develop a mobile version of “League of Legends”, the world’s most popular desktop-based game, three sources with knowledge of the matter told Reuters.
Investors run for safety amid threat of broader U.S.-China spat
Global stocks were slightly lower on Wednesday as investors sought safety in bonds, the Japanese yen and Swiss franc in muted trade amid renewed worries over the U.S.-China spat after reports Washington has another Chinese tech firm in its sights.
Oil prices drop on swelling U.S. stockpiles, trade war
Oil prices fell on Wednesday after industry data showed an increase in U.S. crude inventories and on demand concerns linked to a protracted trade war between China and the United States.
British Steel to be placed into administration: report
British Steel, the country’s second largest steel producer, will be placed into administration as early as Wednesday, Sky News reported, jeopardizing some 25,000 jobs.
British Steel to be put into administration as early as Wednesday: Sky
British Steel will be placed into administration as early as Wednesday, Sky News’s Mark Kleinman said.
China’s big three airlines seek Boeing compensation over 737 MAX grounding
China’s three biggest airlines have asked U.S. planemaker Boeing Co to compensate them for losses caused by the grounding and delayed deliveries of 737 MAX jets, just as regulators gather to discuss design changes for the troubled aircraft.
Commerzbank may tweak strategy after Deutsche Bank talks collapse
Commerzbank may tweak its strategy following the collapse of merger talks with its larger rival Deutsche Bank, the lender’s chief said on Wednesday.
