Month: December 2019

Huawei’s CFO wins Canada court fight to see more documents related to her arrest

WallStreetReview
Huawei’s CFO wins Canada court fight to see more documents related to her arrest
FILE PHOTO: Huawei Technologies Chief Financial Officer Meng Wanzhou leaves her home to appear in British Columbia supreme court for a hearing, in Vancouver, British Columbia, Canada September 30, 2019. REUTERS/Lindsey Wasson (Reuters) – Lawyers for Huawei’s chief financial officer won a court battle when a judge asked Canada’s attorney general to hand over more evidence and documents relating to... Read More

U.S. attorney general says Big Tech probes to be completed next year

WallStreetReview
U.S. attorney general says Big Tech probes to be completed next year
FILE PHOTO: The logos of Amazon, Apple, Facebook and Google are seen in a combination photo from Reuters files. REUTERS WASHINGTON (Reuters) – U.S. Attorney General William Barr said on Tuesday that he hoped to have Justice Department investigations of the big tech platforms – Facebook Inc (FB.O), Alphabet Inc’s (GOOGL.O) Google, Amazon.com Inc (AMZN.O) and Apple Inc (AAPL.O) –... Read More

Wall Street slips as tariff deadline closes in

WallStreetReview
Wall Street slips as tariff deadline closes in
NEW YORK (Reuters) – Wall Street’s main stock indexes ended slightly lower on Tuesday, though not far from record highs, as investors awaited concrete news on whether a new round of U.S. tariffs on Chinese goods would take effect on Dec. 15, a potential turning point in a trade dispute between the world’s two largest economies that has convulsed markets.... Read More

U.S., Canada and Mexico sign agreement – again – to replace NAFTA

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U.S., Canada and Mexico sign agreement – again – to replace NAFTA
WASHINGTON/MEXICO CITY (Reuters) – Top officials from Canada, Mexico and the United States signed a fresh overhaul of a quarter-century-old trade pact on Tuesday that aims to improve enforcement of worker rights and hold down prices for biologic drugs by eliminating a patent provision. The signing ceremony in Mexico City launched what may be the final approval effort for U.S.... Read More

U.S. Justice Department to review Google’s deal for Fitbit: source

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U.S. Justice Department to review Google’s deal for Fitbit: source
FILE PHOTO: Fitbit Blaze watch is seen in front of a displayed Google logo in this illustration picture taken, November 8, 2019. REUTERS/Dado Ruvic WASHINGTON (Reuters) – The U.S. Justice Department will review plans by Alphabet Inc-owned (GOOGL.O) Google to buy fitness tracker maker Fitbit Inc (FIT.N) for possible antitrust issues, a source told Reuters on Tuesday. The $2.1 billion... Read More

Trump’s Dec. 15 China tariffs threaten a long list of Christmas favorites

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Trump’s Dec. 15 China tariffs threaten a long list of Christmas favorites
WASHINGTON (Reuters) – U.S. President Donald Trump has days to decide whether to impose tariffs on nearly $160 billion in Chinese consumer goods just weeks before Christmas, a move that could be unwelcome in both the United States and China. FILE PHOTO: Trucks transport shipping containers at Qianwan container terminal of Qingdao port in Qingdao, Shandong province, China November 20,... Read More

Wall Street flat as tariff deadline nears

WallStreetReview
Wall Street flat as tariff deadline nears
NEW YORK (Reuters) – Wall Street’s main stock indexes were little changed on Tuesday, hovering near record highs, as investors awaited concrete news on whether U.S. tariffs on Chinese imports would take effect on Dec. 15, a potential turning point in the two countries’ trade dispute that has convulsed markets. FILE PHOTO: Traders work on the floor at the New... Read More

Powell’s ‘half-full’ U.S. glass sturdy but still at risk for spills as Fed meets

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Powell’s ‘half-full’ U.S. glass sturdy but still at risk for spills as Fed meets
WASHINGTON (Reuters) – Federal Reserve Chair Jerome Powell has taken a glass-half-full view of the U.S. economy but the trouble may be that the glass has gotten smaller and has a few cracks. FILE PHOTO: Federal Reserve Board Chairman Jerome Powell testifies before a Senate Banking, Housing and Urban Affairs Committee hearing on the “Semiannual Monetary Policy Report to Congress”... Read More