Thursday 6 December 2018

Top Huawei executive arrested on U.S. request, clouding China trade truce

Top Huawei executive arrested on U.S. request, clouding China trade truce

The daughter of Huawei's founder, a top executive at the Chinese technology giant, was arrested in Canada and faces extradition to the United States, stirring up fears it could reignite a Sino-U.S. trade row and roiling global stock markets.

Canada PM says government played no role in Huawei executive's arrest

Canadian Prime Minister Justin Trudeau on Thursday said his government had no involvement in the arrest of a top executive from Chinese technology giant Huawei, who was detained at Vancouver airport.

Taking aim at Intel, Qualcomm launches chip for business PCs

Qualcomm Inc , the biggest supplier of chips for mobile phones, on Thursday pushed further into the PC market with a line of chips designed to power business machines.

Embraer-Boeing aviation deal blocked by Brazilian court

A Brazilian federal court on Thursday granted an injunction blocking the proposed tie-up between planemakers Boeing Co and Embraer SA , according to a court document seen by Reuters.

Ride-hail firm Lyft races to leave Uber behind in IPO chase

Ride-hailing company Lyft Inc beat bigger rival Uber Technologies in filing for an initial public offering (IPO) on Thursday, defying the market jitters that threaten to upset a string of technology unicorns from going public next year.

World stocks fall on China exec arrest; oil slips on OPEC output delay

Stock markets around world slid on Thursday as the arrest of a top Chinese technology executive cast further shadows on U.S.-China trade relations, while oil prices sank after OPEC delayed an output decision.

Exclusive: U.S. probe of China's Huawei includes bank fraud accusations - sources

Chinese telecoms giant Huawei Technologies Co Ltd's chief financial officer was arrested as part of a U.S. investigation of an alleged scheme to use the global banking system to evade U.S. sanctions against Iran, according to sources familiar with the probe.

In major shift, U.S. now exports more oil than it ships in

The United States last week exported more crude oil and fuel than it imported for the first time on record, according to data released on Thursday, the same day OPEC ended a meeting without a decision to curb global output to balance out the historic surge in U.S. supply.

Wall Street swamped by fresh U.S.-China trade worries

U.S. stocks fell on Thursday as the arrest of a top Chinese technology executive stirred fears of fresh tensions between the United States and China over trade, although Wall Street's main indexes reduced steep losses from earlier in the session.

U.S. crude oil exports surge to record 3.2 million bpd last week: EIA

U.S. crude oil exports surged to 3.2 million barrels per day (bpd) last week, the highest on record, based on data going back to 1991, U.S. Energy Information Administration data showed on Thursday.

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