Thursday 7 March 2019

Tesla enters into agreement with Chinese lenders for Gigafactory

Reuters.com Newsletter

Tesla enters into agreement with Chinese lenders for Gigafactory

Tesla Inc said on Thursday it signed an agreement with lenders in China for a 12-month facility of up to 3.5 billion yuan ($521 million) for the electric carmaker's Gigafactory in Shanghai.

U.S. telecoms regulator stops clock on Sprint, T-Mobile merger review

The U.S. Federal Communications Commission said on Thursday it has halted the informal 180-day "shot clock" on the review of the merger of wireless providers Sprint Corp and T-Mobile US Inc to give the public three additional weeks to comment on the $26 billion tie-up.

Airbnb buys HotelTonight in deeper expansion into hotel-booking business

Home-renting company Airbnb has bought HotelTonight, an app for finding hotel rooms at a discount, as it wades deeper into the hotel-booking business to attract a wider variety of travelers ahead of a hotly anticipated initial public offering.

Wall Street drops for fourth day as ECB stokes growth worries

Wall Street's main indexes fell for a fourth consecutive session on Thursday, after Europe's central bank said it would defer interest rate hikes and offered banks a new round of cheap loans, raising fresh concerns about global economic growth.

ECB move sends stocks lower; dollar climbs

A gauge of global stock markets stumbled on Thursday while the U.S. dollar rose, as the European Central Bank postponed interest rate hikes to 2020 and launched a new round of cheap loans to banks in an effort to spark the euro zone economy.

Huawei fights back against U.S. blackout with Texas lawsuit

Chinese telecoms equipment maker Huawei Technologies sued the U.S. government on Thursday, saying a law limiting its American business was unconstitutional, ratcheting up its fight back against a government bent on closing it out of global markets.

American Airlines grounds 14 planes due to overhead bin issue

American Airlines Group Inc grounded 14 Boeing 737-800 airplanes on Thursday after complaints by pilots that overhead bins on some recently-retrofitted aircraft cabins were not closing, an American official said.

Exclusive: U.S. SEC scrutinizes fairness of stock exchange pricing

The U.S. Securities and Exchange Commission is investigating whether the multi-tiered pricing system used by stock exchanges favors large brokers at the expense of small ones, according to a person familiar with the matter.

Democrats probe whether White House interfered in AT&T Time Warner merger

Two U.S. House Democrats asked the White House and Justice Department to turn over documents that could show whether Republican President Donald Trump sought to intervene in the regulatory review of AT&T Inc's $85 billion acquisition of Time Warner Inc.

Explainer: Huawei faces slim odds in new U.S. court fight

Huawei Technologies Co Ltd has opened up a new front in its battle with the U.S. government by filing a lawsuit challenging a congressional ban on federal agencies' use of the Chinese technology company's products.

U.S. State Department declines comment on Huawei suit

The U.S. State Department declined to comment on Thursday on a lawsuit against the United State by Chinese telecommunications equipment maker Huawei Technologies, and said Washington advocates for secure networks that are free from undue foreign government influence.

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