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14 hours 42 minutes ago

Mnuchin says further U.S. tariffs on China at least a month away

The United States is studying how proposed tariff increases on roughly another $300 billion in Chinese imports will affect consumers and is at least a month away from enacting them, U.S. Treasury Secretary Steven Mnuchin said on Wednesday.

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14 hours 42 minutes ago

U.S. Treasury's Mnuchin says U.S. to hit debt limit in late summer

U.S. Treasury Secretary Steven Mnuchin on Wednesday urged Congress to raise the U.S. debt ceiling as soon as possible, saying the U.S. government was expected to exhaust its borrowing authority around late summer.

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14 hours 52 minutes ago

EU sees no compliance issues in Google shopping, rivals disagree

Europe's antitrust chief said on Wednesday she did not see any problems with the way Google was complying with her order to boost competition in online shopping, brushing aside complaints from some of the U.S. company's rivals.

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14 hours 57 minutes ago

Status quo at Renault-Nissan must be changed: French finance minister

The current status quo regarding the alliance between French carmaker Renault and its Japanese partner Nissan cannot continue and must be changed as it is currently weakening Renault, said French finance minister Bruno Le Maire.

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14 hours 59 minutes ago

Wall Street edges lower on fresh trade concerns; Qualcomm drags techs

U.S. stocks dipped on Wednesday, as reports that Washington could impose sanctions on another Chinese company heightened trade worries, while a slump in Qualcomm shares pressured the technology sector.

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15 hours 20 minutes ago

Chip designer ARM halts work with Huawei after U.S. ban

British chip designer ARM has halted relations with Huawei in order to comply with a U.S. blockade of the company, potentially crippling the Chinese company's ability to make new chips for its future smartphones.

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15 hours 20 minutes ago

Huawei confident it can resolve ARM suspension

Huawei said it was confident it could resolve the situation that has seen its chip design partner ARM suspend collaboration after the United States said it could block the Chinese company's access to U.S. technology.

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15 hours 21 minutes ago

Ford partners with robots maker Agility Robotics in mobility service push

Ford Motor Co said on Wednesday it is partnering with walking robots maker Agility Robotics to assist self-driving delivery vans drop packages at the doorsteps of people's homes.

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15 hours 41 minutes ago

U.S. judge says Qualcomm violated antitrust law; appeal planned, shares plunge

Qualcomm Inc illegally suppressed competition in the market for smartphone chips by threatening to cut off supplies and extracting excessive licensing fees, a U.S. judge ruled, a decision that could force the company to overhaul its business practices.

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15 hours 43 minutes ago

Wall Street opens lower on worries of escalating trade war

U.S. stocks opened lower on Wednesday, as reports that Washington could impose sanctions on another Chinese company raised fears of an escalation in trade tensions, with the S&P 500 also dragged down by losses in chipmaker Qualcomm and home improvement chain Lowe's.

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