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Bloomberg Voice-recognition company Iflytek Co plunged following news it is on a list of Chinese technology firms that may face restrictions from the US. Iflytek, which says it controls over 70 percent of China’s speech technology market, slid as much as 8.2 percent in Shenzhen after people familiar with the matter said the US is considering curbs on the company, ...

Bloomberg Austrian aerospace supplier FACC AG, spun off from a maker of skis and tennis rackets 30 years ago, is about to reinvent itself again. The manufacturer of composite wing flaps and rudders for Airbus SE and Boeing Co is branching out to build flying taxis for Chinese technology startup EHang Inc, a market Chief Executive Officer Robert Machtlinger says ...

Bloomberg Nintendo Co remains bereft of a monster smartphone hit more than four years after a much-ballyhooed entry into mobile gaming. The wait may finally be over. Mario Kart Tour, scheduled to launch this summer, has had gamers in a tizzy since it was announced in early 2018. Not only is the franchise one of the best-known racing series in ...

Bloomberg For Loretta Mester, returning inflation to the US central bank’s 2 percent target requires restraint more than drastic action. In an interview with Bloomberg News, the president of the Federal Reserve Bank of Cleveland dismissed the notion that policy makers should cut interest rates to raise inflation. Instead, officials should simply be careful not to react too quickly when ...

Bloomberg US President Donald Trump doubled down on his fight to stop House Democrats from getting his financial records after losing two court battles this week, filing swift appeals in both cases. He asked a federal appeals court in New York to reverse an order allowing Democrats to go forward with subpoenas for records from Deutsche Bank AG and Capital ...

Bloomberg The euro-area economy remains on track with European Central Bank projections that foresee an upturn later this year, policy maker Bostjan Vasle said. The ECB is gearing up for a meeting in Lithuania in two weeks that will include updates to its forecasts and discussions over how generous to make a new round of bank loans known as TLTROs. ...

Bloomberg The rally in Treasuries has gone too far for now, according to Citigroup Inc. Investors should take profits in long 10-year Treasury positions, as a possible double-bottom technical pattern and potential weakening in momentum suggests yields could bounce back to 2.60 percent in the short term, strategists including Jeremy Hale wrote in a note. “The 10-year yield has bounced ...

Bloomberg United Continental Holdings Inc is seeking to oust Avianca Holdings SA’s chairman and largest shareholder, just six months after the two airlines agreed to form a joint venture. The Colombian carrier’s stock jumped the most in nearly three years. The US airline took legal action in Bogota on a defaulted $456 million loan it made to Avianca Chairman German ...

Bloomberg Indonesia cancelled flights to and from the nation’s main resort island of Bali after the Mt Agung volcano erupted late on May 24. “Currently flights to and from I Gusti Ngurah Rai Airport have been cancelled.” Polana Pramesti, director general of civil aviation, said on the ministry’s Twitter page. “We will continue to update the latest condition on the ...

Bloomberg Taco Bell has set its sights on bringing more Mexican food to India, the third-largest consumer market in the world, as the fast food chain seeks new drivers of growth outside of the slowing US market. The Yum! Brands Inc unit is planning 600 restaurants in the Asian nation over the next decade with master franchisee Burman Hospitality. That’s ...