Markets

LONDON: European stock markets pulled back on Wednesday (Jun 12) after a strong run over several sessions as attention returned to US-China trade tensions, dealers said. Asian markets kicked off the losses after two days of healthy gains, with Hong Kong the worst performer - sinking two per cent ......

REUTERS: Facebook Inc uncovered emails that appear to show Chief Executive Officer Mark Zuckerberg's connection to potentially problematic privacy practices at the company, the Wall Street Journal reported https://www.wsj.com/articles/facebook-worries-emails-could-show-zuckerberg-knew-of ...

General Motors Co president Mark Reuss said on Wednesday that the automaker is investing about US$150 million at its Flint Assembly plant, Michigan to boost production of heavy duty trucks by another 40,000 vehicles a year.

Huawei Technologies Co Ltd has told Verizon Communications that the carrier should pay licensing fees for more than 200 of its patents, the Wall Street Journal reported https://www.wsj.com/articles/huawei-presses-verizon-to-pay-for-patents-11560354414?mod=searchresults&page=1&pos=2 on Wednesday ...

Tesla Inc shares were down 2per cent on Wednesday, as analysts remained divided on the electric-carmaker's chances of meeting delivery and production targets in the months ahead, despite Chief Executive Officer Elon Musk's reassurances at an annual shareholder meeting.

American Airlines Group Inc Chief Executive Doug Parker said it was "highly likely" that the grounded Boeing Co 737 MAX would be flying by Sept. 3.

OSLO: Norwegian investment firm Aker ASA aims to list its software firm Cognite on the Oslo stock market or find a merger partner for it to spur growth, AKER Chief Executive Oeyvind Eriksen said on Wednesday. Cognite, which provides digitalisation services to oil companies and other industries ...

Israel's power company has asked the makers of Fortnite to no longer allow players to scale electric poles in the popular online game, saying this risked encouraging dangerous copycat behaviour among children.

SYMPHONY Communication Services, a messaging platform backed and used by Wall Street banks, on Wednesday said it has raised US$165 million in new capital as part of its Series E funding round to bolster growth in Asia.

Ethiopia is aiming to award telco licences to multinational mobile companies by the end of the year, ending a state monopoly and opening up one of the world's last major closed telecoms markets, three people with direct knowledge of the process said.