Monday, 1 March 2021

Huawei CFO’s lawyer disputes what HSBC knew as extradition case resumes

Huawei CFO's lawyer disputes what HSBC knew as extradition case resumes

Huawei Chief Financial Officer Meng Wanzhou's U.S. extradition hearing resumed in a Canadian court on Monday with defence countering prosecutors' claims that Meng misled HSBC about the Chinese telecom company's relationship with its affiliate while doing business in Iran.

Biden's USTR pick vows to fight China's 'unfair' practices

President Joe Biden's trade nominee Katherine Tai said on Monday she will work to fight a range of "unfair" Chinese trade and economic practices and would treat Chinese censorship as a trade barrier.

'Roaring Kitty' no longer has financial broker license: filing

The Massachusetts financial professional who gained notoriety as GameStop bull "Roaring Kitty" is no longer a broker registered with the Financial Industry Regulatory Authority, according to the organization's online records.

Danone's Faber to relinquish CEO role after investor pressure

France's Danone SA said on Monday its board has voted to separate the chairman and chief executive roles held by Emmanuel Faber, and launch the search for a new CEO following calls from several shareholders to shake up governance.

Zoom forecasts strong current quarter on work-from-home; shares rise

Zoom Video Communications forecast current-quarter revenue above expectations, as the video-conferencing platform benefits from increased users due to remote work and online learning against the backdrop of broader stay-at-home orders.

U.S. extraditing two men charged in Ghosn escape to Japan - lawyer

An American father and son accused of helping former Nissan Motor Co Ltd Chairman Carlos Ghosn flee Japan while awaiting trial on financial charges were on Monday handed over to Japanese authorities for extradition from the United States, their lawyer said.

Energy leaders grapple with climate targets at virtual CERAWeek

Global energy leaders and other luminaries like incoming Amazon Chief Executive Andy Jassy focused on the tough road to transforming world economies to a lower-carbon future at the kickoff of the world's largest energy conference on Monday.

Novavax COVID-19 shot could be cleared for U.S. use by May: CEO

Novavax Inc's chief executive said on Monday its COVID-19 vaccine could be cleared for use in the United States as soon as May if U.S. regulators authorize it based on data from the company's British trial, which could be completed as soon as April.

Goldman Sachs' co-head of asset management leaves for Tiger Global

The global co-head of Goldman Sachs Group Inc's asset management arm, Eric Lane, is leaving the bank after more than 25 years, according to a memo seen by Reuters on Monday.

Wall Street rallies on U.S. stimulus and vaccine hopes as bond markets calm

Global equities markets rose and the S&P 500 on Monday had its best day since June 5, with investors taking lower U.S. bond yields in stride on optimism over the $1.9 trillion coronavirus relief bill and distribution of Johnson & Johnson's newly authorized COVID-19 vaccine.

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