Asian shares edge up, trade, geopolitical tensions cap gains; focus on Fed meeting

Asian shares edge up, trade, geopolitical tensions cap gains; focus on Fed meeting
TOKYO (Reuters) – Asian stocks inched higher on Monday, with a rebound in the Hong Kong market helping the mood, as investors remained cautious ahead of a closely-watched Federal Reserve meeting. FILE PHOTO: A man looks at an electronic board showing the Nikkei stock index outside a brokerage in Tokyo, Japan, January 7, 2019. REUTERS/Kim Kyung-Hoon But the simmering trade... Read More

Target says payments vendor faces glitch; registers back online

Target says payments vendor faces glitch; registers back online
FILE PHOTO: Employees work at a Target store at St. Albert, Alberta, January 15, 2015. REUTERS/Dan Riedlhuber/Files (Reuters) – Target Corp on Sunday said it was unable to process select card payments at some stores for nearly 90 minutes due to a vendor-related issue – the second consecutive outage faced by the retailer in a week. Target said its payments... Read More

Asian shares wobble on trade, political tensions; focus turns to Fed meet

Asian shares wobble on trade, political tensions; focus turns to Fed meet
TOKYO (Reuters) – Asian shares got off to a shaky start on Monday as investors were cautious ahead of a closely-watched Federal Reserve meeting, while political tensions in the Middle East and Hong Kong kept risk-appetite in check. FILE PHOTO: A man looks at an electronic board showing the Nikkei stock index outside a brokerage in Tokyo, Japan, January 7,... Read More

Huawei prepares for 40%-60% fall in international smartphone shipments: Bloomberg

Huawei prepares for 40%-60% fall in international smartphone shipments: Bloomberg
(Reuters) – Huawei Technologies Co Ltd is preparing for a 40% to 60% decline in international smartphone shipments, Bloomberg reported on Sunday. FILE PHOTO: Huawei’s new Honor 20 smartphone at a product launch event in London, May 21, 2019. REUTERS/Peter Nicholls/File Photo The Chinese technology company is looking at options that include pulling the latest model of its marquee overseas... Read More

Long-awaited London-Shanghai share listing project goes live

Long-awaited London-Shanghai share listing project goes live
FILE PHOTO: People check their mobile phones as they stand outside the entrance of the London Stock Exchange in London, Britain. Aug 23, 2018. REUTERS/Peter Nicholls/File Photo LONDON (Reuters) – Companies listed in Britain will be able to sell shares in China on Monday with the launch of a long-awaited London-Shanghai Stock Connect project that finance minister Philip Hammond called... Read More

U.S. chipmakers quietly lobby to ease Huawei ban: sources

U.S. chipmakers quietly lobby to ease Huawei ban: sources
SAN FRANCISCO/WASHINGTON (Reuters) – Huawei’s American chip suppliers, including Qualcomm and Intel, are quietly pressing the U.S. government to ease its ban on sales to the Chinese tech giant, even as Huawei itself avoids typical government lobbying, people familiar with the situation said. FILE PHOTO: A Huawei company logo is seen at a shopping mall in Shanghai, China June 3,... Read More

Deutsche Bank to shrink or shut U.S. equity and trading businesses: FT

Deutsche Bank to shrink or shut U.S. equity and trading businesses: FT
FILE PHOTO: Employees of Germany’s largest business bank, Deutsche Bank, gather ahead of the bank’s annual shareholder meeting in Frankfurt, Germany, May 23, 2019. REUTERS/Kai Pfaffenbach/File Photo (Reuters) – Deutsche Bank is planning to overhaul its trading operations, including the creation of a “bad bank” to hold tens of billions of euros of assets and shrinking or shutting its U.S.... Read More