Huawei founder says will not share data with China: CBS News

Huawei founder says will not share data with China: CBS News
The logo of Huawei Technologies is pictured in front of the German headquarters of the Chinese telecommunications giant in Duesseldorf, Germany, February 18, 2019. REUTERS/Wolfgang Rattay WASHINGTON (Reuters) – Huawei Technologies Co Ltd’s founder and chief executive pledged not to share any customer information with the Chinese government and said the company had never done so, in an interview with... Read More

German government unlikely to make quick decision on Huawei: source

German government unlikely to make quick decision on Huawei: source
FILE PHOTO: The Huawei logo is pictured outside their research facility in Ottawa, Ontario, Canada, February 14, 2019. REUTERS/Chris Wattie/File Photo BERLIN (Reuters) – The German government will probably not take a quick decision on whether to allow China’s Huawei to build Germany’s 5G network, a government source said on Tuesday. “There will probably not be a quick decision,” the... Read More

Alibaba boosts stake in investment bank CICC for $231 million

Alibaba boosts stake in investment bank CICC for $231 million
SINGAPORE (Reuters) – China’s e-commerce giant Alibaba Group Holding Ltd has raised its stake in top domestic investment bank China International Capital Corp’s Hong Kong-listed shares to nearly 12 percent, an exchange disclosure showed on Monday. FILE PHOTO: The logo of Alibaba Group is seen at the company’s headquarters in Hangzhou, Zhejiang province, China, July 20, 2018. REUTERS/Aly Song/File Photo... Read More

Britain’s Cobham takes $206 million charge to settle Boeing dispute

Britain’s Cobham takes $206 million charge to settle Boeing dispute
FILE PHOTO: The Boeing logo is pictured at the Latin American Business Aviation Conference & Exhibition fair (LABACE) at Congonhas Airport in Sao Paulo, Brazil August 14, 2018. REUTERS/Paulo Whitaker/File Photo LONDON (Reuters) – British engineer Cobham will take an additional exceptional charge of 160 million pounds ($206 million) to settle a dispute with Boeing over its delayed KC-46 aerial... Read More

HSBC warns on China, Britain slowdown as 2018 profit disappoints

HSBC warns on China, Britain slowdown as 2018 profit disappoints
HONG KONG/LONDON (Reuters) – HSBC Holdings turned in a disappointing annual profit as higher costs and a stocks rout chipped away at its trading businesses, while warning that an economic slowdown in China and Britain would throw up further hurdles this year. FILE PHOTO: The HSBC bank logo at the bank’s offices in the Canary Wharf financial district in London,... Read More

HSBC profit disappoints as China, Britain weakness poses challenge

HSBC profit disappoints as China, Britain weakness poses challenge
HONG KONG/LONDON (Reuters) – HSBC Holdings Plc posted a disappointing profit growth as higher costs and a stocks rout took a toll on business, while cautioning that a weaker economic outlook for China and Britain would throw up further hurdles this year. FILE PHOTO: The HSBC bank logo at the bank’s offices in the Canary Wharf financial district in London,... Read More

Mexico pushes mobile payments to help unbanked consumers ditch cash

Mexico pushes mobile payments to help unbanked consumers ditch cash
MEXICO CITY/NEW YORK (Reuters) – Mexico’s new leftist government is betting on financial technology to help lift people out of poverty. FILE PHOTO: A worker moves boxes with green tomatoes through the corridors of the wholesale market “Central de Abastos” in Mexico City, Mexico January 11, 2019. REUTERS/Daniel Becerril/File Photo The administration of President Andres Manuel Lopez Obrador recently announced... Read More

HSBC’s 2018 profit misses estimates; China weakness poses growth risks

HSBC’s 2018 profit misses estimates; China weakness poses growth risks
HONG KONG/LONDON (Reuters) – HSBC Holdings Plc posted on Tuesday a 15.9 percent rise in 2018 profit, supported by business growth in its core markets of Asia and Britain, but market weakness in the fourth quarter resulted in the bank missing street estimates. FILE PHOTO: The HSBC bank logo at the bank’s offices in the Canary Wharf financial district in... Read More

Huawei founder says Huawei CFO arrest was politically motivated: BBC

Huawei founder says Huawei CFO arrest was politically motivated: BBC
(Reuters) – Huawei founder Ren Zhengfei said on Monday that the arrest of his daughter, Huawei Chief Financial Officer Meng Wanzhou, was politically motivated. FILE PHOTO: Meng Wanzhou, Huawei Technologies Co Ltd’s chief financial officer (CFO), is seen in this undated handout photo obtained by Reuters December 6, 2018. Huawei/Handout via REUTERS “Firstly, I object to what the U.S. has... Read More