July, 2019

• 17 July

  China’s DouYu raises $775m in US IPO

  

  Bloomberg Chinese video-game live-streaming platform DouYu International Holdings Ltd and its shareholders raised $775 million after pricing its US initial public offering at the bottom of its marketed range. The company, which delayed its IPO amid market jitters in May, sold 44.9 million American depository shares for $11.50 each, according to a statement. Its existing investors sold 22.5 million shares ...

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• 17 July

  French-US clash over tech tax casts shadow over G-7

  

  Bloomberg A French-US clash over digital taxation overshadowed the start of a Group of Seven (G-7) finance chiefs meeting as France refused to flinch on its levy that would hit tech giants from Facebook to Alphabet’s Google. Just before an encounter with US Treasury Secretary Steven Mnuchin at the G-7 near Paris, French Finance Minister Bruno Le Maire pledged to ...

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• 17 July

  Ericsson earnings miss estimates, says 5G in Asia to weigh on profit

  

  Bloomberg Ericsson AB posted earnings that missed analyst estimates for the first time in six quarters and warned its rollout of 5G mobile networks in Asia would weigh on profits, in a rare setback to CEO Borje Ekholm’s turnaround efforts. With Ericsson battling Finland’s Nokia Oyj and China’s Huawei Technologies Co for pole position in 5G, Ericsson said the first ...

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• 17 July

  Siemens to resume $6.7b train deliveries to Deutsche Bahn

  

  Bloomberg Siemens AG will resume deliveries on a 6 billion-euro ($6.7 billion) high-speed train order from its biggest customer, Deutsche Bahn AG, ending a three-month freeze that followed the discovery of an equipment fault, according to a person familiar with the matter. An announcement of the resumption in the handover of its flagship ICE 4 trains to the German rail ...

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• 17 July

  US housing starts fall on ‘multifamily units’

  

  Bloomberg US new-home construction fell in June for a second month as a drop in apartment building outweighed a pickup in single-family projects. Residential starts declined 0.9 percent to a 1.25 million annualised rate, the slowest in three months, according to government figures. Permits, a proxy for future construction, dropped 6.1 percent to a 1.22 million rate, also reflecting a ...

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• 17 July

  European car sales fall 7.9% in June, resume downward spiral

  

  Bloomberg European car registrations fell sharply in June, resuming a downward spiral this year that has seen profit warnings at German manufacturer Daimler AG and a quarterly automotive division loss at rival BMW AG. Sales dropped 7.9 percent to 1.49 million cars, the European Automobile Manufacturers’ Association said, the worst monthly decline since December. France and Spain had falls of ...

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• 17 July

  Blue Apron surges most on Beyond Meat partnership

  Bloomberg Blue Apron Holdings Inc rallied the most since going public two years ago after announcing a tie-up with a hot brand: Beyond Meat Inc. The struggling meal-kit company will begin introducing products from the alternative-meat startup on its menus in August, New York-based Blue Apron said in a statement. The shares rose as much as 78 percent, their biggest ...

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• 17 July

  House rebuke of Trump for racist tweet unites Democrats

  

  Bloomberg The Democratic-led House responded to Donald Trump’s sustained attacks on four female Democratic lawmakers by taking the extraordinary step of rebuking the president for racism. The resolution — backed by all 235 Democrats, four Republicans and one independent — accused the president of having “legitimised and increased fear and hatred of new Americans and people of colour,” a serious ...

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• 17 July

  Revolt edges closer to civilian rule in Sudan

  

  Bloomberg Sudan’s military council signed a power-sharing deal with the country’s firebrand opposition that seeks to stem months of uncertainty and sporadic bloodshed after the overthrow of long-time president Omar al-Bashir. Under the accord, civilian and military representatives will form an 11-seat sovereign council with executive responsibilities, and elections will take place after three years. Images aired on pan-Arab satellite ...

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• 17 July

  Gunmen kill Turkish diplomat in Iraq’s Erbil

  Bloomberg A group of assailants targeted Turkish diplomats at an eatery in the northern Iraqi city of Erbil, an attack that reportedly left a deputy consul dead, according to Iraqi and Turkish television channels. Turkey’s deputy consul in Erbil was killed along with two companions, Iraq’s Sumaria TV reported, citing a security official, which couldn’t be independently verified. Turkey’s Haberturk ...

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