June, 2023

• 4 June

  UBS mulls delaying Q2 results until August

  

  BLOOMBERG  UBS Group AG may delay releasing its second-quarter results until end-August when it could also provide an update on its plans for Credit Suisse Group AG’s local business, the Financial Times reported. UBS is due to report its earnings on July 25, but complexities include unfinalised details of government support in its emergency takeover of Credit Suisse and different ...

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• 4 June

  After month of pain, euro bulls look to Fed pause for relief

  

  BLOOMBERG  Investors who took out long positions in the euro could be in for some respite, even as a shaky outlook for the economy continues to stalk common currency. Slowing inflation and fading optimism about the region’s growth sent the euro to its worst month since April 2022. Short-term bets against the euro using currencies other than the dollar are ...

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• 4 June

  GM, Stellantis pay combined $363m for fuel efficiency targets

  

  BLOOMBERG General Motors (GM) Co and Stellantis NV paid a combined $363 million in civil penalties for failing to meet US fuel efficiency standards dating back to the Trump administration, according to filings with federal regulators. Stellantis paid more than $123 million in January for missing the mark with its 2018 model year lineup and in excess of $112 million ...

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• 4 June

  Laptop makers bet on better display tech to rekindle sales

  

  BLOOMBERG PC makers from Lenovo Group Ltd to Samsung Electronics Co are pinning their hopes for reviving laptop sales on upgraded displays. At the Computex show in Taiwan, every major local electronics brand showed off new laptop models with OLED displays, the same technology used in smartphones. Asustek Computer, Acer Inc, Gigabyte Technology Co and Micro-Star International Co all expanded ...

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• 4 June

  Everything Apple Plans to Show at WWDC: XR Headset, iOS 17 and More

  

  BLOOMBERG Apple Inc’s most significant product launch event in nearly a decade kicks off on Monday, when the company will introduce its first major new product category since the Apple Watch alongside multiple new Macs and software upgrades across its platforms. The event starts from the company’s Cupertino, California, campus on Monday, June  5 at 10 am PT/1 pm ET. ...

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• 4 June

  Nato chief pushes Turkey to allow Sweden to join alliance

  

  BLOOMBERG Nato Secretary General Jens Stoltenberg said that Sweden has “fulfilled its obligations” to Turkey to bolster its counter-terrorism laws, which should clear its path for membership in the alliance. After meeting with newly re-elected Turkish President Recep Tayyip Erdogan, Stoltenberg was asked if Sweden could still admitted before the alliance’s mid-July summit in Vilnius, Lithuania. “There’s still time to ...

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• 4 June

  Australian PM expects diplomatic upgrade with Vietnam soon

  

  BLOOMBERG Australian Prime Minister Anthony Albanese expects an upgrade in diplomatic relations between his country and Vietnam to a comprehensive strategic partnership soon, he said during his first visit to the Southeast Asian country. “All connections and cooperation come together in our plan to elevate our relationship to a comprehensive strategic partnership and prime minister and I discuss today that ...

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• 4 June

  US-China handshake fails to stem ‘fear of another Ukraine’

  

  BLOOMBERG A highly anticipated defense forum in Singapore kicked off with a friendly handshake between Pentagon chief Lloyd Austin and Chinese Defense Minister Li Shangfu. It ended with few other signs of optimism that the world’s biggest economies could avoid an eventual collision. Austin used his speech at the Shangri-la Dialogue to chide China over its refusal to meet unless ...

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• 4 June

  Boeing CEO sees 737 Max jetliner gaining in China

  

  BLOOMBERG Boeing Co’s top executive is growing confident the company can soon restore its commercial standing in China, while cautioning about a rocky path ahead as the two superpowers joust over trade and politics. The US manufacturer is working to restart deliveries of the 737 Max, its top source of revenue, in China after a four-year halt. Over that hiatus, ...

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• 4 June

  JetBlue to sell Spirit’s LaGuardia assets to Frontier

  

  BLOOMBERG JetBlue Airways Corp agreed to sell Spirit Airlines Inc’s operations at New York’s LaGuardia Airport to rival carrier Frontier Group Holdings Inc. The deal is contingent upon JetBlue closing a planned $3.8 billion acquisition of Spirit, according to a statement. JetBlue had earlier pledged to divest some assets to help secure federal approval of the acquisition, which has been ...

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