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Bloomberg Qualcomm Inc. lost a court bid to stall European Union regulators from imposing daily fines of 580,000 euros ($664,216) for failing to supply information for antitrust probes into the chip company’s sales tactics. San Diego-based Qualcomm can’t continue to refuse answering regulators’ questions because it didn’t show its business or financial health was at risk, EU General Court President ...

Bloomberg Hedge funds and high-speed traders have been fighting for years to level the playing field with banks on derivatives trading. They just won a round in Europe. The European Securities and Markets Authority said earlier this month that trading platforms should ensure access to a broad array of firms and warned against discriminatory policies that would favor some traders ...

Bloomberg The US labor market was robust enough last month to draw more Americans off the sidelines and into the workforce. The same trend may also be keeping wage gains subdued. While payrolls grew by more than analysts forecast and the unemployment rate barely ticked up from a 16-year low, worker pay rose a less-than-expected 2.5 percent in June from ...

Dubai / Emirates Business Mashreq, one of the leading financial institutions in the UAE, has reported its financial results for the first half ending June 30, 2017. Net profit for the first half stood at AED 1.1 billion — a 3.0% increase YoY. Impairment allowance was down by 22.3% YoY. Mashreq’s best-in-class non-interest income to operating income ratio remained high ...

ABU DHABI / WAM The UAE Pavilion at Expo 2017 Astana, managed and supervised by the National Media Council (NMC) witnessed widespread interest from a broad range of international VIP’s and visitors since its opening on 10th June, reac- hing 150,000 during its first month. The pavilion at Expo 2017 Astana, held under the theme ‘Future Energy’, represents an ideal ...

ABU DHABI / WAM Foreign investors’ purchases at Abu Dhabi Securities Exchange (ADX) amounted to AED2.114 billion in June 2017, accounting for 55.4% of total buy trades, with their sales staying at AED1.871 billion, comprising 49.1% of total sell trades, bringing to AED243 million the net foreign investments at ADX during the month. In the meantime, institutional investments for the ...

Abu Dhabi / Emirates Business An unprecedented number of opportunities for Minister-to-global business leader strategic dialogue, along with a record number of expert submissions on a wide range of industry challenges and trends, will see the world’s energy leaders converge on the UAE capital for the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2017, later this year. Held under ...

Bloomberg President Donald Trump’s campaign committee paid $50,000 in late June to the law firm now representing Donald Trump Jr. in the matter of a 2016 meeting with a Russian lawyer while seeking damaging information about Democrat Hillary Clinton. The June 27 payment to the Law Offices of Alan S. Futerfas came almost two weeks before news of the meeting—involving ...

Bloomberg Xie Shuijuan, a lifelong textile seller in Shaoxing, eastern China, says a clampdown by zealous officials on pollution caused by the local dyeing industry has boosted prices, squeezed her margins, and bankrupted some of her friends. Yet she’s not opposed. “This river used to smell in the summer and garbage floated on the surface,” Xie said, sitting in her ...

Bloomberg China’s drive to dominate the electric-vehicle market has claimed another overseas target. When Japanese electric-vehicle startup GLM Co. needed more funding to put its high-end sports car into production, domestic backers couldn’t muster the financing. The search for an investor ended this week, when a Hong Kong-based investment company called O Luxe Holdings agreed to purchase the firm for ...