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Bloomberg AT&T Inc. shares surged the most in more than eight years after the telecommunications giant posted a surprise wireless subscriber gain in the second quarter, showing it can fend for itself in a cutthroat price war. Second-quarter earnings topped estimates, and wireless customers rose by 127,000, compared with analysts’ average projection for a loss of 22,713. An offer for ...

Bloomberg Hyundai Motor Co. is banking on a new compact SUV to reinforce its lineup and help arrest a slide in sales in its biggest markets, after misjudging the consumer shift away from sedans that forced the South Korean automaker to increase incentives for consumers. The compact model, called the Kona after a seaside town in Hawaii, will be introduced ...

Bloomberg Russia threatened to retaliate against new sanctions passed by the US House of Representatives, saying they made it all but impossible to achieve the Trump administration’s goal of improved relations. The measures push US-Russia ties into uncharted territory and “don’t leave room for the normalization of relations” in the foreseeable future, Russian Deputy Foreign Minister Sergei Ryabkov said on ...

Bloomberg Nintendo Co.’s Switch is showing signs of becoming a money earner. The Kyoto-based company reported profit and sales that topped estimates as more people bought the new gaming machine, lifting prospects for brisk shipments during the holiday season. Operating profit for April-June, the Switch’s first full quarter on store shelves, was 16.2 billion yen ($145 million), exceeding analysts’ average ...

Bloomberg India opened a probe into whether Chinese solar-equipment makers are hurting its domestic industry by dumping inventories and driving down prices to unfair levels. “A causal link between the said dumping and injury exists to justify an initiation of an anti-dumping investigation,” according to a notification published on the website of the Directorate General of Anti-Dumping and Allied Duties. ...

DUBAI / WAM Abdullah Al Saleh, the Ministry of Economy’s Under-Secretary for Foreign Trade and Industry, discussed various means of developing economic and trade co-oper- ation with Japan during a meeting with Yasushi Akahoshi, President of the Japan External Trade Organisation (JETRO) in Dubai. The two sides expressed satisfaction with their advanced level of economic and trade relations and their ...

ABU DHABI / WAM The Emirates Nuclear Energy Corporation has successfully completed cold hydrostatic testing, CHT, at Unit 2 at the Barakah Nuclear Energy Plant located in Al Dhafra Region of Abu Dhabi. The completion of this milestone, which concluded approximately 12 months after the same tests were successfully completed on Unit 1, demonstrates a commitment to achieving the highest ...

Dubai / Emirates Business Business leaders in Dubai are more positive about their expectations of business conditions and business confidence in the third quarter of 2017, according to a new survey conducted by the Dubai Chamber of Commerce and Industry. The Business Leaders’ Outlook Survey revealed that 39% of respondents expect to see business conditions improve in Q3-2017. Around 43% ...

ABU DHABI / WAM The General Secretariat of the Abu Dhabi Executive Council and the Netherlands Embassy in the UAE discussed several issues of mutual concern, ways of promoting bilateral relations and cooperation in various sectors to enhance economic ties and serve their mutual interests. The discussion took place during the meeting of Dr Fahad Matar bin Mesaied Al Niyadi, ...

Bloomberg The US House is poised to vote on a bill to strengthen sanctions against Russia and prevent President Donald Trump from unilaterally lifting penalties, after the measure was delayed by procedural concerns and objections from energy companies. The measure, which was altered to ensure that oil companies can work on certain joint projects overseas, would also impose new sanctions ...