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December 6, 2019
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Huawei mounts legal challenge against FCC over rural carrier customers

Reuters
SHENZHEN, China (Reuters) – China’s Huawei mounted a legal challenge against the U.S. Federal Communications Commission (FCC) on Thursday after the body designated the technology giant as a security threat and moved to bar it from a government subsidy program. The FCC last month voted unanimously to designate Huawei Technologies...
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Japan launches $122 billion stimulus to fight trade risks, post-Olympic slump

Reuters
TOKYO (Reuters) – Japan’s cabinet approved a $122 billion fiscal package on Thursday to support stalling growth in the world’s third-largest economy amid offshore risks and as policymakers look to sustain activity beyond the 2020 Tokyo Olympics. FILE PHOTO: Japan’s Prime Minister Shinzo Abe speaks at the ASEAN-Japan Summit in...
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Fiat Chrysler disagrees with Italy tax agency on underestimating U.S. business

Reuters
FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen at the U.S. headquarters in Auburn Hills, Michigan, U.S. May 25, 2018. REUTERS/Rebecca Cook MILAN (Reuters) – Fiat Chrysler Automobiles (FCHA.MI) said on Thursday it strongly disagreed with a tax authority claim that it had underestimated the value of its...
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Huawei appeals against U.S. ban on rural carrier customers accessing subsidies

Reuters
SHENZHEN, China (Reuters) – China’s Huawei has mounted a legal challenge against the U.S. Federal Communications Commission (FCC) after the body designated the technology giant as a security threat and moved to bar it from a government subsidy program. FILE PHOTO: The Huawei logo is pictured at the IFA consumer...
Reuters - Business

Huawei files appeal in U.S. court against FCC’s rural carrier purchase ban

Reuters
SHENZHEN, China (Reuters) – China’s Huawei has mounted a legal challenge against the U.S. Federal Communications Commission (FCC) after the body designated the technology giant as a security threat and tried to bar it from a government subsidy program. FILE PHOTO: The Huawei logo is pictured at the IFA consumer...
Reuters - Business

Trump says trade talks with China going ‘very well’

Reuters
U.S. President Donald Trump attends the NATO leaders summit in Watford, Britain December 4, 2019. REUTERS/Toby Melville WATFORD, England (Reuters) – U.S. President Donald Trump said on Wednesday that trade talks with China were going “very well,” sounding more positive than on Tuesday when he said a trade deal might...
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Jared Kushner, Trump’s son-in-law, takes bigger role in China trade talks

Reuters
WASHINGTON (Reuters) – President Donald Trump’s son-in-law Jared Kushner has added another role to his long list of White House duties – U.S.-China trade negotiator – as Washington and Beijing try to reach an initial agreement to avoid new U.S. tariffs on Dec. 15. FILE PHOTO: White House senor adviser...
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China capex growth hits three-year low as weak economy, trade war drag

Reuters
BENGALURU/SHANGHAI (Reuters) – Capital investment by Chinese firms has ground to its slowest pace in three years, as a weakening economy, tight credit and prolonged trade war with the United States dent sales growth and cash reserves, a Reuters analysis showed. FILE PHOTO: A man walks on the bund in...
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France fights back over U.S. tariff threat to Champagne, cheese

Reuters
PARIS/LONDON (Reuters) – France and the European Union said on Tuesday they were ready to retaliate if U.S. President Donald Trump acted on a threat to impose duties of up to 100% on imports of champagne, handbags and other French products worth $2.4 billion. The threat of punitive tariffs followed...
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France and EU say primed to retaliate over U.S. tariff threat

Reuters
PARIS (Reuters) – France and the European Union said on Tuesday they are ready to retaliate if U.S. President Donald Trump acts on a threat to impose duties of up to 100% on imports of champagne, handbags and other French products worth $2.4 billion. The threat of punitive tariffs came...
Reuters - Business

France says primed to retaliate with EU over U.S. tariff threat against Paris

Reuters
PARIS (Reuters) – France and the European Union are ready to retaliate if U.S. President Donald Trump acts on a threat to impose duties of up to 100% on $2.4 billion in imports of champagne, handbags and other French products, the French government said on Tuesday. FILE PHOTO: French Finance...
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PG&E failed to inspect transmission lines that caused deadly 2018 wilfdfire: state probe

Reuters
(Reuters) – Bankrupt California power producer PG&E Corp (PCG.N) did not properly inspect and replace transmission lines before a faulty wire sparked a wildfire that killed more than 80 people in 2018, a probe by a state regulator has concluded. FILE PHOTO: PG&E works on power lines to repair damage...
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France and EU ready to fight back over U.S. tariff threat, ministers say

Reuters
FILE PHOTO: French Finance Minister Bruno Le Maire attends a news conference in Boulogne-Billancourt, near Paris, France, November 7, 2019. REUTERS/Gonzalo Fuentes PARIS (Reuters) – France and the European Union are ready to fight back over the latest U.S. tariff threats on French products, French government ministers said on Tuesday....
Reuters - Business

France and EU ready to fight back over U.S. tariff threat: French ministers

Reuters
FILE PHOTO: French Finance Minister Bruno Le Maire attends a news conference in Boulogne-Billancourt, near Paris, France, November 7, 2019. REUTERS/Gonzalo Fuentes PARIS (Reuters) – France and the European Union are ready to fight back over the latest U.S. tariff threats on French products, French government ministers said on Tuesday....
Reuters - Business

Fund managers deploy machines to decipher British election riddle

Reuters
LONDON (Reuters) – Question: How do you predict the outcome of a snap election when so many polls have been so wrong, half of voters haven’t made up their minds and the crucial factor may not be who wins, but how much they win by? FILE PHOTO: Union Jack flags...
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Hong Kong leader warns U.S. law will hurt business confidence, promises economic relief

Reuters
HONG KONG (Reuters) – Hong Kong leader Carrie Lam said on Tuesday U.S. legislation supporting protesters may damage business confidence in the financial hub, as she announced a fourth round of relief measures to boost the city’s battered economy. FILE PHOTO: Hong Kong Chief Executive Carrie Lam is seen before...
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U.S. says sees no reason to reduce tariffs in EU aircraft subsidy case

Reuters
FILE PHOTO: The logo of Airbus is pictured at the aircraft builder’s headquarters of Airbus in Colomiers near Toulouse, France, November 15, 2019. REUTERS/Regis Duvignau WASHINGTON (Reuters) – The U.S. Trade Representative’s office on Monday said it saw no basis in Monday’s World Trade Organization report that would justify reducing...
Reuters - Business

U.S. may increase tariffs after WTO rejects EU claims over Airbus

Reuters
PARIS/BRUSSELS (Reuters) – The World Trade Organization on Monday rejected European Union claims that it no longer provides subsidies to planemaker Airbus (AIR.PA), prompting the United States to say it could increase retaliatory tariffs on a wider range of European goods. Christian Scherer, Airbus Chief Commercial Officer, speaks during a...
Reuters - Business

Italy set to grant funds to keep Alitalia afloat: source

Reuters
ROME (Reuters) – Italy is set to free up funds for loss-making airline Alitalia on Monday as Rome struggles to find investors to keep it afloat, a political source told Reuters. FILE PHOTO: An Alitalia Airbus A321-100 plane carrying Pope Francis for one-day visit to Geneva takes off at the...
Reuters - Business

Exclusive: U.S. digs deeper into Deutsche role in Danske money laundering scandal – sources

Reuters
FRANKFURT/NEW YORK (Reuters) – The U.S. Department of Justice has in recent weeks stepped up its investigation into Deutsche Bank’s role in the 200 billion euro ($220 billion) Danske Bank money laundering scandal, four people familiar with the inquiry told Reuters. One source said the DoJ’s new line of inquiry...

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