Meng Wanzhou, Executive Board Director of the Chinese technology giant Huawei, attends a session of the VTB Capital Investment Forum “Russia Calling!” in Moscow, Russia October 2, 2014. REUTERS/Alexander Bibik TORONTO (Reuters) – A top executive of China’s Huawei Technologies Co Ltd [HWT.UL] argued that she should be let out on bail…
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Apple leads futures lower again in volatile session
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 7, 2018. REUTERS/Brendan McDermid (Reuters) – U.S. equity futures fell in a volatile session on Monday, with a drop in Apple Inc’s shares curbing the market’s attempts to stage a bounce back from its worst…
Exclusive: Odebrecht Peru agrees to plea deal with Peruvian authorities over bribery scandal – sources
(Reuters) – Brazilian builder Odebrecht’s Peruvian unit has signed a deal with Peruvian authorities to pay a multimillion dollar fine that will allow it to continue operating in the country in return for providing evidence about officials it bribed, three sources related to the matter told Reuters on Saturday. FILE PHOTO: The…
Red-hot U.S. jobs market drives some to seek cooler options
POCATELLO, Idaho (Reuters) – When Sean Luangrath joined Pocatello, Idaho-based Inergy Solar a few years ago, the plan was to move the portable solar battery maker to his home base of Salt Lake City so he could build it with easy access to Silicon Slopes’ tech talent and venture capital. Sean Luangrath,…
Canadian court bail hearing for Huawei CFO adjourned until Monday
Huawei CFO Meng Wanzhou (L), who was arrested on an extradition warrant, appears at her B.C. Supreme Court bail hearing in a drawing in Vancouver, British Columbia, Canada December 7, 2018. REUTERS/Jane Wolsak MANDATORY CREDIT. NO ARCHIVES. NO RESALES. VANCOUVER (Reuters) – A bail hearing for the chief financial officer of China’s…
Facebook to buy back additional $9 billion of shares
A picture illustration shows a Facebook logo reflected in a person’s eye, in Zenica, March 13, 2015. REUTERS/Dado Ruvic (Reuters) – Facebook Inc (FB.O) will buy back an additional $9 billion of its shares, as it looks to pacify investors following a slump in its stock. The social media giant’s shares, which…
China says U.S. should withdraw arrest warrant for Huawei executive
FILE PHOTO: Meng Wanzhou, Executive Board Director of the Chinese technology giant Huawei, attends a session of the VTB Capital Investment Forum “Russia Calling!” in Moscow, Russia October 2, 2014. Picture taken October 2, 2014. REUTERS/Alexander Bibik BEIJING (Reuters) – China’s foreign ministry called in the U.S. ambassador on Sunday to lodge…
Airbus wins December deliveries some breathing room after busy November
PARIS (Reuters) – Airbus (AIR.PA) has left itself a slightly less challenging task on deliveries for the final weeks of the year than 2017’s record surge in December, but only after trimming the target with its most recent results, company data showed on Friday. An Airbus A330neo is pictured on its final…
China urges Canada to free Huawei CFO or face consequences
BEIJING/OTTAWA (Reuters) – China warned Canada on Saturday that there would be severe consequences if it did not immediately release Huawei Technologies Co Ltd’s [HWT.UL] chief financial officer, calling the case “extremely nasty”. FILE PHOTO: Meng Wanzhou, Executive Board Director of the Chinese technology giant Huawei, attends a session of the VTB…
Volkswagen denies allegations chairman knew early about emissions cheating: report
FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) has denied allegations that Chairman Hans Dieter Poetsch knew about the carmaker’s emissions test cheating almost three months before U.S. authorities made it public in September 2015. FILE PHOTO: Hans Dieter Poetsch, Chairman of the Volkswagen’s supervisory board, speaks during the Volkswagen Group’s annual general meeting in…
Nissan seeks to block Ghosn’s access to apartment in Rio
TOKYO (Reuters) – Nissan said it was seeking to block former chairman Carlos Ghosn’s access to an apartment in Rio de Janeiro, citing a risk that the executive, arrested and removed from his role for financial misconduct, may remove or destroy evidence. Brazilian-born Ghosn has been detained in Tokyo since his Nov.…
Julius Baer in talks with Santander over Venezuela business: sources
ZURICH (Reuters) – Swiss private bank Julius Baer (BAER.S) is in talks about transferring its Venezuelan book of business to Spain’s Banco Santander (SAN.MC) as Baer reorganizes operations in Latin America, sources close to the situation have told Reuters. FILE PHOTO: Logo of Swiss private bank Julius Baer is seen at an…
Huawei arrest stokes fears of China reprisals among America Inc executives
HONG KONG/SHANGHAI (Reuters) – At a closed-door security meeting of U.S. companies in Singapore on Thursday, one topic was high on the agenda: the arrest of a top executive at Chinese tech giant Huawei [HWT.UL] and the potential backlash on American firms operating in China. The Huawei logo is pictured outside their…
U.S. court issued Huawei CFO arrest warrant in August
FILE PHOTO – Visitors walk past Huawei’s booth during Mobile World Congress in Barcelona, Spain, February 27, 2017. REUTERS/Eric Gaillard/File Photo (Reuters) – A New York court issued an arrest warrant for Huawei Technologies’ chief financial officer Meng Wanzhou on Aug. 22, asking she be detained to stand trial to face U.S.…
Wall Street tumbles, indexes post biggest weekly losses since March
(Reuters) – Wall Street’s main indexes fell more than 2 percent on Friday in a broad sell-off led by declines in big Internet and technology shares, and posted their largest weekly percentage drops since March as concerns over U.S.-China trade tensions and interest rates convulsed Wall Street. The S&P 500 erased virtually…
BMW names Vukotich as new head of autonomous driving development
FILE PHOTO: A BMW logo is seen at a car dealership in Vienna, Austria, May 30, 2017. REUTERS/Heinz-Peter Bader FRANKFURT (Reuters) – Germany luxury carmaker BMW (BMWG.DE) said on Saturday Alejandro Vukotich will be the new head of its driver assistance and autonomous driving development department from January 2019. Vukotich will replace…
Licking their wounds, fund managers prep for rally in ’19
NEW YORK (Reuters) – With bond and equity markets from the United States to emerging markets all on pace to lose money this year, investors have not seen this much red on their screens since 1972, the last time no asset class returned at least 5 percent. FILE PHOTO: Traders work on…
China’s November export, import growth shrinks, showing weak demand
BEIJING (Reuters) – China reported far weaker than expected November exports and imports, showing slower global and domestic demand and raising the possibility authorities will take more measures to keep the country’s growth rate from slipping too much. FILE PHOTO: Shipping containers are seen at a port in Shanghai, China July 10,…