GENEVA (Reuters) – Chinese and U.S. envoys sparred at the World Trade Organization on Monday over U.S. President Donald Trump’s claims that China steals American ideas, the subject of two lawsuits and a White House plan to slap huge punitive tariffs on Chinese goods.
SYDNEY (Reuters) – Asian shares fell on Tuesday and the euro hovered near 6-1/2 month lows as early elections loomed in Italy, but a revival in diplomatic talks with North Korea and a retreat in oil prices from recent highs supported sentiment.
TOKYO/SEOUL (Reuters) – Apple Inc has decided to use OLED screens in all three new iPhone models planned for next year, according to South Korea’s Electronic Times – a report that sent shares in Japan Display tumbling 10 percent. Japan Display, one of the main suppliers of iPhone liquid crystal display (LCD) screens, has lagged its South Korean rivals in OLED production. By contrast, shares in LG Display Co Ltd surged. …read more […]
(Reuters) – Canada is likely to buy Kinder Morgan Canada Ltd’s Trans Mountain oil pipeline and its proposed expansion project in an attempt to ensure that it is built, Bloomberg reported on Monday, citing a person familiar with the talks.
The shares of Japan Display Inc. and Sharp Corp. fell after South Korea’s Electronic Times reported that Apple Inc. has decided to use next-generation screens for all of its new models next year. If true, Apple’s move would be negative for JDI and Sharp, which have so far been unable to mass produce OLEDs and currently supply LCD screens. Samsung Display Co., part of Samsung Electronics Co., has so far been the sole provider of organic light-emitting diode displays for use in iPhones. …read more […]
VW might not be the only German car maker that has to deal with a full-fledged …read more […]
Canada is likely to buy the Kinder Morgan Canada Ltd. Trans Mountain oil pipeline and its controversial expansion project in a bid to ensure it gets built, according to a person familiar with the talks. The deal, a value for which hasn’t been publicly reported, will be announced as soon as Tuesday when Prime Minister Justin Trudeau’s cabinet is due to meet. Canada first offered to indemnify the expansion project but is now likely to instead buy it in full. …read more […]
SYDNEY (Reuters) – Asian shares fell on Tuesday and the euro slipped back to 6-1/2 month lows as early elections loomed in Italy, but a revival in diplomatic talks with North Korea and a retreat in oil prices from recent highs supported sentiment.
A little-known unit of Alibaba Group Holding Ltd. is making the most of a sudden melt up in its shares to raise a whopping $1.4 billion. Alibaba Health Information Technology Ltd. said Tuesday it will sell new shares to help fund the purchase of some health-related assets from its parent company, the Chinese retail giant Alibaba. While the issue price — at HK$5.80 per share — is technically a good deal compared to Monday’s close at HK$6.77 in Hong Kong, it follows a mysterious 52 percent rally in the stock since May 16. …read more […]
SYDNEY (Reuters) – U.S. stock futures ticked higher on Tuesday as officials sought to revive what would be a historic meeting between President Donald Trump and his North Korean counterpart, while the euro hovered near 6-1/2 month lows and oil sank.
Lava from the Kilauea volcano oozed over two wells at a geothermal power plant on Hawaii’s Big Island, but county officials say the flow has stopped. Both wells were closed and secured in anticipation of the lava flow. It was shut down shortly after Kilauea began spewing lava May 3. …read more […]
Starbucks, trying to put to rest an outcry over the arrest of two black men at one of its stores, is closing more than 8,000 stores for an afternoon of anti-bias training, a strategy some believe can keep racism at bay. After the arrests in Philadelphia last month, the coffee chain’s leaders apologized and met with the two men, but also reached out to activists and experts in bias training to put together a curriculum for its 175,000 workers. The training is typically designed to get people to open up about implicit biases and stereotypes in encountering people …read more […]
President Emmanuel Macron on Monday lauded as a hero a migrant from Mali who scaled an apartment building to save a child dangling from a balcony, and rewarded the young man’s bravery with an offer of French citizenship and a job as a firefighter. Gassama climbed five stories up the apartment building, moving from balcony to balcony, and whisked a 4-year-old boy to safety on Saturday night as a crowd below screamed. Gassama said he has authorization to stay legally in Italy, which is where he landed in Europe in 2014 after a more than a year in …read more […]
GENEVA (Reuters) – The European Union told the World Trade Organization’s dispute settlement body on Monday that it had acted within days of a WTO ruling to bring its funding of planemaker Airbus into line with WTO rules, a trade official who attended the meeting said.
Russia’s energy giant Gazprom just scored a major victory in the fight to secure European market share in the natural gas game despite the U.S.’ efforts to convince the continent to ease its reliance on Russian gas …read more […]
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
