Huawei executive can make good case against extradition: Canada envoy
A top executive from Huawei Technologies Co Ltd [HWT.UL] can make a good case against being extradited to the United States, in part due to remarks made by U.S. President Donald Trump, Canada’s ambassador to China said in comments broadcast on Wednesda…
Strong earnings boost Dow at the open
Strong earnings from IBM, United Technologies and Procter & Gamble boosted the Dow Jones Industrial Average at the open on Wednesday and propelled a rebound in U.S. stocks from its second biggest decline in 2019.
Kerrisdale says Qualcomm’s stock could shrink by half: report
Activist investor Sahm Adrangi, who cemented his reputation with successful bets against Chinese internet companies, said that he has taken a short position against Qualcomm Inc , arguing the chip supplier’s stock price could shrink by half.
United Tech profit jumps on aerospace, tax boosts
United Technologies Corp beat analysts’ estimates for fourth-quarter profit on Wednesday, boosted by a lower tax rate and double-digit sales growth at its aerospace businesses, sending the industrial conglomerate’s shares up 5 percent.
Procter & Gamble raises forecast on strength of skin care, detergent brands
Procter & Gamble Co raised its full-year sales forecast and beat Wall Street estimates for quarterly revenue and profit on Wednesday, driven by price increases and robust demand for detergent and premium skin care brands.
Stocks reverse losses in fragile rebound; U.S. dollar falls
Global markets recovered from earlier losses on Wednesday as investors made a cautious return to riskier assets, with U.S. futures and European stocks higher even as worries about corporate and economic growth lingered.
Madrid taxis block access to tourist fair in anti-Uber protests
Hundreds of taxi drivers protested outside one of Madrid’s largest tourist fairs on Wednesday, using their cabs to block access roads and burning rubbish as part of an open-ended strike against Uber and other ride-hailing services.
EU competition chief signals caution over Siemens-Alstom rail merger
Europe’s competition commissioner has signaled her scepticism about the merger of Siemens’s and Alstom’s rail businesses by describing both companies as world champions that can compete globally.
Stocks reverse losses, U.S. dollar climbs in fragile rebound
Global markets recovered from earlier losses on Wednesday as investors made a cautious return to riskier assets, with the dollar rising and U.S. futures higher though worries about corporate and economic growth lingered.
U.S. bank Citi to shrink Russia branch network, but expects to do more business
The Russian arm of U.S. bank Citi said on Wednesday it planned to reduce the number of its offices in the country, but expected to do more business this year.
