Asia stocks fragile as trade anxiety overshadows Huawei reprieve

Asia stocks fragile as trade anxiety overshadows Huawei reprieve
TOKYO (Reuters) – Asian stocks were on shaky ground on Wednesday, as earlier relief over Washington’s temporary relaxation of curbs against China’s Huawei Technologies failed to offset deeper worries about trade frictions between the world’s two largest economies. FILE PHOTO: Pedestrians walk past a stock quotation board displaying stock prices outside a brokerage, in Tokyo June 14, 2013. REUTERS/Yuya Shino/File... Read More

U.S. could blacklist Chinese surveillance tech firm Hikvision: NYT

U.S. could blacklist Chinese surveillance tech firm Hikvision: NYT
FILE PHOTO: Visitors walk near the stall of the Hikvision Digital Technology Co. at the Security China 2018 exhibition on public safety and security in Beijing, China October 23, 2018. REUTERS/Thomas Peter/File Photo (Reuters) – The U.S. administration is considering limits to Chinese video surveillance firm Hikvision’s ability to buy U.S. technology, the New York Times reported on Tuesday, deepening... Read More

Shares in China’s Hikvision slump after report of U.S. blacklisting

Shares in China’s Hikvision slump after report of U.S. blacklisting
SHANGHAI (Reuters) – Shenzhen-listed shares in Chinese video surveillance firm Hikvision Digital Technology Co Ltd opened 10% lower on Wednesday after reports that the U.S. may blacklist the firm. The New York Times reported Tuesday that the Trump administration is considering limits to Hikvision’s ability to buy American technology. Reporting by Andrew Galbraith; Editing by Sam Holmes Read More

Brazil lower house votes to allow foreign airlines in domestic market

Brazil lower house votes to allow foreign airlines in domestic market
BRASILIA (Reuters) – Brazil’s lower house of Congress voted on Tuesday to allow foreign-controlled airlines to operate domestic flights in Latin America’s largest economy, opening the door to more competition in an increasingly concentrated market. FILE PHOTO: People are seen at the check in area in Guarulhos international airport, near Sao Paulo, Brazil, April 16, 2019. REUTERS/Amanda Perobelli/File Photo The... Read More

Wynn Resorts ceases talks with MGM to sell $2.6 billion Massachusetts casino

Wynn Resorts ceases talks with MGM to sell $2.6 billion Massachusetts casino
FILE PHOTO: The Encore Casino, built by Wynn Resorts in Everett, Massachusetts, U.S., April 1, 2019. REUTERS/Brian Snyder/File Photo (Reuters) – Wynn Resorts Ltd said on Tuesday the company has decided to stop talks with MGM Resorts International to sell its Encore Boston Harbor casino. “After careful consideration we have agreed to cease discussions with MGM Resorts,” Las Vegas-based Wynn said... Read More

Asia stocks wobble as trade fears overshadow Huawei reprieve

Asia stocks wobble as trade fears overshadow Huawei reprieve
TOKYO (Reuters) – Asian stocks were on shaky ground on Wednesday, as earlier relief over Washington’s temporary relaxation of curbs against China’s Huawei Technologies failed to offset deeper worries about trade frictions between the world’s two largest economies. FILE PHOTO: Pedestrians walk past a stock quotation board displaying stock prices outside a brokerage, in Tokyo June 14, 2013. REUTERS/Yuya Shino/File... Read More

China ready for further U.S. trade talks, ambassador says

China ready for further U.S. trade talks, ambassador says
WASHINGTON (Reuters) – Chinese Ambassador to the United States Cui Tiankai said on Tuesday that Beijing was ready to resume trade talks with Washington, but blamed the U.S. side for frequently “changing its mind” on tentative deals to end U.S.-China trade disputes. FILE PHOTO: China’s ambassador to the United States Cui Tiankai responds to reporters questions during an interview with... Read More

Nordstrom cuts 2019 forecast after quarterly results miss big

Nordstrom cuts 2019 forecast after quarterly results miss big
(Reuters) – Nordstrom Inc on Tuesday cut its forecast for full-year sales and profit after reporting weaker than expected first-quarter results that were hurt by the roll out of a new loyalty program and slow sales of full-priced women’s clothing. FILE PHOTO: The Nordstrom store is pictured in Broomfield, Colorado, February 23, 2017. REUTERS/Rick Wilking/File Photo Shares of the department... Read More