Comcast Corp has dropped its pursuit of a group of media assets owned by Twenty-First Century Fox Inc on which it was bidding against Walt Disney , and instead will focus on its offer for UK TV group Sky , the company said on Thursday.
The dollar stayed strong but stocks wobbled and metal markets buckled badly on Thursday, as signs that China was resorting to credit-fuelled stimulus again helped drive its currency to a one-year low.
China said on Thursday comments made by a senior White House official blaming Chinese President Xi Jinping for blocking progress on a deal to avert a trade war were "shocking" and "bogus" accusations.
White House trade adviser Peter Navarro told CNBC on Thursday that U.S. President Donald Trump"s trade strategy with China, which includes levying new tariffs that have sparked a trade clash, is not as disruptive as many describe.
EU antitrust regulators on Thursday charged Qualcomm with a new violation in a case where the U.S. chipmaker has been accused of selling chipsets below cost to drive out Nvidia Corp unit and British phone software maker Icera.