How to trade on September 16?
The market calms down ahead of the Fed’s statement this evening.
Samsung will pay 80 million Yuan to Huawei over patent case
Samsung Electronics's mainland subsidiaries have been ordered by a Chinese court to pay up to 80 million Yuan to Huawei Technologies for patent infringement. That’s a Chinese company’s first victory against Samsung in clashes over intellectual property.
The Quanzhou Intermediary Court has ordered three units of Samsung to pay the sum for infringing a patent officially held by the handset unit of Huawei - Huawei Device Co Limited. That’s what a government-run newspaper, the Quanzhou Evening News informed on Thursday on its website.
The verdict appears to be the first on several lawsuits of Huawei against Samsung. By the way, in May Huawei filed lawsuits against the South Korean giant in Chinese and US courts. In return Samsung countersued the Chinese rival in China for IP infringement.
Huawei’s spokesman told it welcomed the court's verdict. As for Samsung, the South Korean giant told it will decide on the response to the court's verdict after reviewing the ruling.
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Ahead of Fed’s statement
Get ready with us for the most important event of this week! The FOMC’s statement will be out on Wednesday at 21:00 MT time.
Big day for Forex market
The FOMC will make a statement on September 16 at 21:00 MT time!
Latest news
CAD is in focus
Follow Canadian core retail sales on September 18 at 15:30 MT time!
Main market movements on September 17
The US dollar gained after the Fed’s report, while riskier assets dropped. Let’s have a closer look.
How to trade GBP after BOE statement?
Keep an eye on the UK monetary policy statement on September 17 at 14:00 MT time!
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