Bhinneka News Online: Reuters Before the Bell: U.S. won't partner with countries that use Huawei systems: Pompeo

Thursday 21 February 2019

Reuters Before the Bell: U.S. won't partner with countries that use Huawei systems: Pompeo

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Thursday, February 21, 2019

U.S. won't partner with countries that use Huawei systems: Pompeo

U.S. Secretary of State Mike Pompeo on Thursday warned that the United States would not be able to partner with or share information with countries that adopt Huawei Technologies Co Ltd systems, citing security concerns.

Swedbank falls further on lingering money laundering worries

Swedbank's shares slid more than 7 percent on Thursday, adding to heavy losses from a day earlier when a report linked one of the biggest lenders in the Baltic countries to a regional money laundering scandal involving Danske Bank.

Swedish watchdog calls Swedbank money laundering report 'very serious'

Sweden's financial watchdog said allegations in a media report linking Swedbank to a Baltic money laundering scandal, involving Danske Bank were "very serious" as shares in the Swedish bank tumbled on Thursday.

Johnson & Johnson receives federal subpoenas related to baby powder litigation

Johnson & Johnson said Wednesday it has received subpoenas from the U.S. Justice Department and the Securities and Exchange Commission (SEC) related to litigation involving alleged asbestos contamination in its signature Baby Powder product line.

EU countries back copyright reforms aimed at Google, Facebook

European Union countries on Wednesday endorsed an overhaul of the bloc's copyright rules which would force Google and Facebook Inc to pay publishers for news snippets and filter out copyright-protected content on YouTube or Instagram.

EU governments endorse copyright reform - statement

Representatives of European Union governments endorsed on Wednesday a deal reached with the EU Parliament on the overhaul of the bloc's copyright rules, the Romanian presidency of the EU said in a statement on Twitter.

Danske bolsters board as U.S. expands money laundering investigation

The money laundering scandal at Danske Bank deepened on Thursday when the Danish lender said it had received an inquiry from the U.S. Securities and Exchange Commission (SEC).

Wild cats, boas are obstacles in Mexican president's refinery race

Mexican President Andres Manuel Lopez Obrador's race to build an oil refinery in record time on land that was until recently alive with mangrove, wild cats and boa constrictors, has run into trouble, complicating his effort to revive ailing state-oil company Pemex.

Exclusive: China central bank sees benchmark rate cut as last resort, may use other tools - sources

China's central bank is not yet ready to cut benchmark interest rates to spur the slowing economy, despite cooling inflation and a stronger yuan, which have fanned market expectations of such a move, policy sources told Reuters.

China's central bank to keep yuan stable, maintain prudent monetary policy

China's central bank said on Thursday that it will keep its yuan currency stable and maintain its prudent monetary policy to ensure financial stability in the world's second-largest economy.