newszine

Micron says some Huawei shipments resumed, shares rise

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(Reuters) – Micron Technology Inc said it had resumed some microchip shipments to Huawei Technologies Co Ltd and still expects demand for its chips to recover later this year, sending shares up as much as 10% late on Tuesday. FILE PHOTO: Memory chip parts of U.S. memory chip maker MicronTechnology are pictured at their booth Read More

Wall Street sinks as hopes fade for rate cuts, trade progress

3 hours ago DieselGasoil Comments Off on Wall Street sinks as hopes fade for rate cuts, trade progress
NEW YORK (Reuters) – Wall Street stock indexes fell on Tuesday, led by a sharp selloff in technology shares, as simmering trade concerns and disappointing economic data sent buyers to the sidelines, while the Federal Reserve chairman pushed back on pressure from President Donald Trump to cut interest rates. FILE PHOTO: Traders work on the Read More

Gold soars to six-year high, stocks slide after Powell speech

4 hours ago DieselGasoil Comments Off on Gold soars to six-year high, stocks slide after Powell speech
NEW YORK (Reuters) – Gold soared to an almost six-year high on Tuesday on escalating U.S.-Iran tensions, while equity markets slid on disappointing economic data and uncertainty that the Federal Reserve will cut interest rates in July as has been expected. FILE PHOTO: Traders work on the main trading floor after the opening bell at Read More

Wall Street drops on trade worries, Fed Chair Powell’s speech

5 hours ago DieselGasoil Comments Off on Wall Street drops on trade worries, Fed Chair Powell’s speech
NEW YORK (Reuters) – Wall Street lost ground on Tuesday as simmering trade concerns, combined with disappointing economic data, sent buyers to the sidelines, where they remained after Federal Reserve Chair Jerome Powell pushed back on pressure from President Donald Trump to cut rates. FILE PHOTO: Traders work on the floor at the New York Read More

Bombardier exits commercial aviation with sale of regional jet business to Mitsubishi

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(Reuters) – Bombardier Inc said on Tuesday it will sell its money-losing regional jet business to Japan’s Mitsubishi Heavy Industries Ltd (MHI) for $550 million in cash, in a deal marking the Canadian plane and train maker’s exit from commercial aviation. FILE PHOTO: Bombardier’s logo is seen on the building of the company’s service centre Read More

Wall St. sinks on trade jitters ahead of Powell speech

7 hours ago DieselGasoil Comments Off on Wall St. sinks on trade jitters ahead of Powell speech
NEW YORK (Reuters) – Wall Street lost ground on Tuesday as simmering geopolitical and trade concerns, combined with disappointing economic data, kept buyers at bay and investors looked to remarks from U.S. Federal Reserve chair Jerome Powell expected later in the session. FILE PHOTO: Traders work on the floor at the New York Stock Exchange Read More

AbbVie looks beyond Humira with $63 billion deal for Botox-maker Allergan

8 hours ago DieselGasoil Comments Off on AbbVie looks beyond Humira with $63 billion deal for Botox-maker Allergan
(Reuters) – Drugmaker AbbVie Inc said on Tuesday it would buy Botox-maker Allergan Plc for about $63 billion, grabbing control of the biggest name in medical aesthetics to help reduce its reliance on blockbuster arthritis treatment Humira. AbbVie has been under pressure to diversify its portfolio as Humira, the world’s best-selling drug, is already in Read More

S-300 theft fail: Pole jailed for 14 years after attempting to steal Russian missile system parts

10 hours ago DieselGasoil Comments Off on S-300 theft fail: Pole jailed for 14 years after attempting to steal Russian missile system parts
A Polish national, caught red-handed trying to steal classified parts of the S-300 missile system for a Polish supplier, has been tried and convicted in a Moscow court on charges of espionage. Marian Radzajewski was found guilty and sentenced to 14 years in a “strict regime colony,” Moscow City Court announced in a press release Read More