Australia’s Qantas says it will not trim Alliance stake despite competition concerns
Australian flag carrier Qantas Airways Ltd said it had no plan to cut its stake in Alliance Airlines, after the competition regulator raised concerns over...
State AGs fighting T-Mobile, Sprint merger request new trial date in Dec
An attorney for the state attorneys general who filed a lawsuit in hopes of stopping T-Mobile U.S. Inc’s $26 billion merger with Sprint Corp has...
Brazil’s Vale dam disasters trigger $2 billion in fresh writedowns
Brazilian miner Vale SA on Wednesday said it swung to a quarterly loss as the company announced more than $2 billion in fresh writedowns related...
Asian shares seen falling on ‘hawkish’ Fed outlook
Asian shares were set to open significantly lower on Thursday as the U.S. Federal Reserve poured cold water on market expectations of a lengthy easing...
U.S., China to keep talking on trade after little progress in Shanghai
U.S. and Chinese negotiators ended a brief round of trade talks on Wednesday with little sign of progress and agreed to meet again in September,...
Qualcomm outlook clouded by Huawei’s smartphone gains in China
Qualcomm Inc’s quarterly revenue and profit forecast fell short of Wall Street targets, driven by Huawei Technologies Co Ltd’s strong gains in the Chinese smartphone...
JPMorgan, Citi lower benchmark interest rates following Fed rate cut
Two of the biggest U.S. banks, JPMorgan Chase & Co and Citigroup Inc , on Wednesday lowered their benchmark rates for a wide range of...
Qualcomm’s outlook weighed down by Huawei’s smartphone gains in China
Qualcomm Inc’s quarterly revenue and profit forecast fell short of Wall Street targets, driven by Huawei Technologies Co Ltd’s strong gains in the Chinese smartphone...
Fitbit cuts 2019 revenue view, Versa Lite sales lag; shares tank
Wearable device maker Fitbit Inc cut its 2019 revenue forecast on Wednesday, blaming disappointing sales of its newly launched cheapest smartwatch Versa Lite, sending its...
Dollar jumps, stocks fall after Fed rate outlook; pound stalls
The dollar index hit a more than 2-year high and stocks tumbled after Federal Reserve Chairman Jerome Powell said Wednesday’s 25-basis-point rate cut was not...