Asian shares fall after U.S. blacklists China’s Huawei

Asian shares fall after U.S. blacklists China’s Huawei
TOKYO (Reuters) – Asian shares fell on Thursday after the United States hit Chinese telecoms giant Huawei with severe sanctions, threatening FILE PHOTO: Market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE) in Tokyo, Japan, February 6, 2018. REUTERS/Toru Hanai/File Photo to further strain Sino-U.S. trade ties. MSCI’s broadest index of Asia-Pacific shares outside Japan... Read More

Trump administration hits China’s Huawei with one-two punch

Trump administration hits China’s Huawei with one-two punch
WASHINGTON/NEW YORK (Reuters) – The Trump administration on Wednesday took aim at China’s Huawei Technologies Co Ltd, banning the firm from buying vital U.S. technology without special approval and effectively barring its equipment from U.S. telecom networks on national security grounds. FILE PHOTO: The Huawei logo is seen at a bus stop in Mexico City, Mexico February 22, 2019. REUTERS/Daniel... Read More

Mexico says it is close to U.S. metals tariff deal, waiting for Canada

Mexico says it is close to U.S. metals tariff deal, waiting for Canada
WASHINGTON (Reuters) – Mexico is close to resolving its dispute with the United States over steel and aluminum tariffs without quotas but hopes Canada can reach a similar agreement before completing it, a senior Mexican official said on Wednesday. FILE PHOTO: Undersecretary for North America Jesus Seade gestures during the 14th Mexican Financial Summit in Mexico City, Mexico, April 30,... Read More

Soros Fund Management increases stake in Tesla convertible bonds: filings

Soros Fund Management increases stake in Tesla convertible bonds: filings
FILE PHOTO: Business magnate George Soros arrives to speak at the Open Russia Club in London, Britain June 20, 2016. REUTERS/Luke MacGregor/File Photo (Reuters) – Billionaire George Soros’ investment firm, Soros Fund Management Llc, raised its stake in Tesla Inc’s (TSLA.O) convertible bonds due in 2021 by 17.5 million convertible bonds to 37.5 million convertible bonds as of the end... Read More

U.S. blacklists China’s Huawei as trade dispute clouds global outlook

U.S. blacklists China’s Huawei as trade dispute clouds global outlook
WASHINGTON (Reuters) – The Trump administration hit Chinese telecoms giant Huawei with severe sanctions on Wednesday, adding a new incendiary element to the U.S.-China trade dispute just as Treasury Secretary Steven Mnuchin said he would visit China soon for more talks. FILE PHOTO: A Huawei logo is pictured during the media day for the Shanghai auto show in Shanghai, China... Read More

Cisco beats earnings target, says has cushioned supply chain from tariffs

Cisco beats earnings target, says has cushioned supply chain from tariffs
(Reuters) – Cisco Systems Inc reported better-than-expected quarterly earnings on Wednesday and gave an upbeat sales forecast for the current period, saying that minimal sales exposure to China and changes to its supply chains have helped cushion the blow of U.S.-China trade dispute. FILE PHOTO: The logo of U.S. networks giant Cisco Systems is seen at their headquarters in Issy-les-Moulineaux,... Read More

Mexico says close to U.S. metals tariff deal, waiting for Canada

Mexico says close to U.S. metals tariff deal, waiting for Canada
WASHINGTON (Reuters) – Mexico is close to resolving its dispute with the United States over steel and aluminum tariffs without quotas but is waiting for Canada to reach a similar agreement before completing it, Mexico’s top trade official said on Wednesday. FILE PHOTO: Undersecretary for North America Jesus Seade gestures during the 14th Mexican Financial Summit in Mexico City, Mexico,... Read More