NEW YORK (Reuters) – Europe’s top trade official for the first time late on Friday officially cited Chinese mobile telecommunications equipment makers Huawei and ZTE Corp for violating anti-dumping and anti-subsidy guidelines.

European Union Trade Commissioner Karel De Gucht said he was prepared to launch a formal investigation into anti-competitive behavior by these Chinese companies in order to protect a “strategic” sector of Europe’s economy.

NEW YORK (Reuters) – Europe’s top trade official for the first time late on Friday officially cited Chinese mobile telecommunications equipment makers Huawei and ZTE Corp for violating anti-dumping and anti-subsidy guidelines.

European Union Trade Commissioner Karel De Gucht said he was prepared to launch a formal investigation into anti-competitive behavior by these Chinese companies in order to protect a “strategic” sector of Europe’s economy.

NEW YORK, May 16 (Reuters) – Turkey earned its second
investment-grade credit rating on Thursday with an upgrade to
Baa3 by Moody’s Investors Service, a factor that now allows more
investors to put money to work in an economy whose rapid growth
has recently tapered.

Moody’s said the decision to lift the rating one notch and
put a stable outlook on the credit was based upon structural
improvements in the economy as well as its public finances that
will better insulate it from external shocks.