Tuesday 11 December 2018

China detains former Canadian diplomat as Huawei CFO returns to court

China detains former Canadian diplomat as Huawei CFO returns to court

Canada confirmed on Tuesday that one of its citizens was detained in China but said it saw no explicit connection to the arrest in Vancouver of a top executive at Chinese telecoms giant Huawei Technologies Co [HWT.UL].

U.S. weighs China travel advisory linked to Huawei case: sources

The United States is considering issuing a new warning to U.S. citizens, including executives, traveling to China after Canada arrested a senior Huawei Technologies Co Ltd [HWT.UL] executive at the U.S. government's request, two sources said on Tuesday.

U.S. voices concern about detention of Canadian in China

The U.S. State Department expressed concern on Tuesday about reports a Canadian citizen has been detained in China following the arrest of Huawei Technologies' [HWT.UL] chief financial officer in Canada, and it urged Beijing to end arbitrary detentions.

S&P 500 rises in choppy session; shutdown threat, trade in focus

Wall Street's three major indexes turned higher in a volatile session as investors appeared hopeful about China-U.S. trade talks, reversing an earlier slump that coincided with President Donald Trump's threat to shut down the U.S. government.

McDonald's to curb antibiotic use in its beef supply

McDonald's Corp said on Tuesday it plans to reduce the use of antibiotics in its global beef supply, fueling projections that other restaurants will follow suit.

UK to continue to grant contracts to embattled Interserve: FT

Britain's government will continue granting contracts to Interserve Plc as the debt-laden British outsourcing company battles to avoid a Carillion-style collapse, the Financial Times reported on Tuesday.

Defunct startup Sidecar sues Uber: 'hell-bent on stifling competition'

Defunct startup Sidecar Technologies Inc, which pioneered on-demand ride-hailing, is suing Uber Technologies Inc [UBER.UL], alleging it engaged in predatory pricing and anticompetitive practices that ultimately put Sidecar out of business.

Avianca Brasil files for bankruptcy, citing jet repossession threat

Brazil's fourth-largest airline, Avianca Brasil, filed for bankruptcy protection on Monday, saying its operations had been threatened by potential repossession of aircraft, according to a legal document seen by Reuters.

NJ Transit to decide on Bombardier order worth up to $3.6 billion

New Jersey Transit's board will decide on Wednesday whether to award the first part of an order for up to 999 cars worth as much as $3.6 billion to Bombardier , a copy of the agency's Dec. 12 agenda shows.

Global stocks lose steam after Trump shutdown threat, oil climbs

A gauge of global stock markets rose in volatile trade on Tuesday following threats by U.S. President Donald Trump to shut down the government over a funding fight, though stocks in Europe advanced on signs of a thaw in the U.S.-China trade battle.

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