1. Chevron evacuates executives after staff being arrested
Chevron has evacuated executives from
Venezuela after two of its workers were arrested over a contract dispute PDVSA,
a state-owned Venezuela oil giant. The company is currently seeking to evacuate
more mid-level staff after this incident.
2. Facebook's profit rises after scandal
Facebook shares rose after the social network reported a surprisingly strong 63 percent rise in profit and an increase in users. It seems there was no sign that business was hurt by a scandal over data leaking.
3. ZTE is seeking measures against US bank
China’s ZTE Corp held a conference call Wednesday with its major suppliers, during which a company representative suggested the trade dispute with Beijing may have been a factor in last week’s U.S. order banning American firms from selling goods to the smartphone maker, according to an inside source.
4. PayPal share rises, especially with mobile payments
PayPal reported first-quarter profit which beats Wall Street estimates as mobile payments continue to grow rapidly. The company last year benefited greatly from increasing mobile users worldwide.
5. US is now probing in Huawei
U.S. prosecutors have been investigating whether Chinese tech company Huawei violated U.S. sanctions in relation to Iran. China US fight over trade and high tech has been mounting since last month.