Thursday, 6 June 2019

Daily Investor Update: Huawei CFO's extradition hearing to begin January 2020: media

Reuters.com Newsletter

Huawei CFO's extradition hearing to begin January 2020: media

Lawyers for Huawei Chief Financial Officer Meng Wanzhou will bring a motion to challenge her extradition to the United States in January 2020, the company said in a statement on Thursday after the legal team appeared in a Canadian court to set future court dates.

U.S. pushes Mexico for more in talks over tariffs and border

Mexican and U.S. officials resumed talks on trade and migration on Thursday, with the Trump administration resisting calls from U.S. businesses and some Republican lawmakers to ease up on a plan to impose import tariffs on its southern neighbor.

Prosecutors suspect 70 Deutsche Bank managers in dividend tax probe: paper

German prosecutors have extended an investigation into a tax-stripping scheme, with around 70 current and former executives of Deutsche Bank now being treated as suspects, the Sueddeutsche Zeitung reported on Thursday.

Wall Street rises with hope of Mexican tariff delay

Wall Street's main indexes added to gains in a choppy session on Thursday, as investors showed some optimism on trade after Bloomberg reported that the United States is considering delaying imposing tariffs on Mexican imports.

Amazon's Bezos says robotic hands will be ready for commercial use in next 10 years

Amazon.com Inc Chief Executive Jeff Bezos said on Thursday he expects there will be commercial robots in the next 10 years that can grasp items as reliably as humans, a development that could automate warehouse work around the world.

AIG to reach out to shareholders over executive pay: CEO

American International Group Inc Chief Executive Officer Brian Duperreault said on Thursday the insurer is reaching out to shareholders, per its usual custom, who last month gave his $21 million compensation only narrow approval.

U.S. mulls delaying threatened tariffs on Mexican products: Bloomberg

The United States is considering delaying the imposition of tariffs on Mexican products that President Donald Trump has threatened to put in place on Monday to allow for more time for talks between the two nations, Bloomberg News reported on Thursday, citing unidentified people familiar with the matter.

Exclusive: FedEx to hire 700 flexible rural and residential drivers

FedEx Corp said it plans to hire about 700 flexible, part-time Express drivers in 160 U.S. residential and rural markets as customer-turned-competitor Amazon.com Inc puts pressure on established delivery firms.

Trade war, tariffs pose risks to U.S. and global growth: IMF, Fed officials

Officials of the U.S. Federal Reserve and International Monetary Fund warned separately on Thursday that global trade tensions and rising tariffs posed an increasing risk to decades of U.S. expansion, as well as to the global economy.

Senate Democrats seek Fed probe into Deutsche Bank and Trump

A group of U.S. Senate Democrats is urging the Federal Reserve to investigate Deutsche Bank AG's relationship with President Donald Trump and his son-in-law and adviser Jared Kushner.

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