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January 18, 2020
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Reuters - Business

Lawyers for Huawei CFO call Canada prosecutor’s arguments ‘circular’

Reuters
Huawei Chief Financial Officer Meng Wanzhou leaves her home to attend a case management conference in advance of her extradition hearing at B.C. Supreme Court in Vancouver, British Columbia, Canada January 17, 2020. REUTERS/Jennifer Gauthier VANCOUVER/TORONTO (Reuters) – Extraditing Huawei Chief Financial Officer Meng Wanzhou to the United States based......
Reuters - Business

Wall Street’s trillion-dollar club dwarfs Europe Inc

Reuters
LONDON (Reuters) – With Google parent Alphabet (GOOGL.O) becoming the latest entrant to Wall Street’s trillion-dollar club, Europe’s blue-chip companies are dwarfed by comparison — the most valuable firm from the “old continent”, Nestle, is worth just a third of that. FILE PHOTO: Traders work on the floor at the......
Reuters - Business

World shares gain as China data fuels bets on growth

Reuters
LONDON (Reuters) – World shares rose to record highs on Friday, buoyed by Chinese growth figures that suggested the world’s second-biggest economy was stabilizing. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville Riskier assets were in demand......
Reuters - Business

Exclusive: Sinopec to review potential $16 billion U.S. gas deal with Cheniere – sources

Reuters
SINGAPORE (Reuters) – China’s Sinopec, expected to be the next major Chinese buyer of U.S. liquefied natural gas (LNG), is planning to review terms of a potential $16 billion supply deal with Cheniere Energy after a sharp drop in LNG prices, industry officials said. FILE PHOTO: A man stands next......
Reuters - Business

Exclusive: China’s Ant aims for $200 billion price tag in private share sales – sources

Reuters
HONG KONG/BEIJING (Reuters) – Ant Financial [ANTFIN.UL] shares are being offered privately at levels which value the Chinese financial giant at $200 billion, two people with knowledge of the discussions said, lifting it up the ranks of the most valuable unlisted companies. FILE PHOTO: Employees are seen at the reception......
Reuters - Business

HSBC cutting around 100 staff in equities business: sources

Reuters
FILE PHOTO: People walk past a HSBC signage in Singapore October 8 2019. REUTERS/Feline Lim HONG KONG/LONDON (Reuters) – HSBC (HSBA.L) is cutting around 100 roles in its equities business with the bulk of the layoffs falling on its continental European trading floors, sources familiar with the matter told Reuters.......
Reuters - Business

World shares up as China data fuels bets on growth

Reuters
LONDON/SHANGHAI (Reuters) – World shares rose to record highs on Friday, buoyed by Chinese data that suggested the world’s second-biggest economy was stabilizing. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville Riskier assets were in demand worldwide......
Reuters - Business

Exclusive: Volkswagen to buy 20% of Chinese battery maker Guoxuan amid electric push – sources

Reuters
HONG KONG/BEIJING (Reuters) – Volkswagen AG (VOWG_p.DE) is set to take a 20% stake in Chinese electric vehicle battery maker Guoxuan High-tech Co Ltd (002074.SZ), two sources told Reuters, as the German firm accelerates its electric push into the world’s largest auto market. FILE PHOTO: A Volkswagen electric ID car......
Reuters - Business

China’s 2019 property investment solid, but first sales drop in 5 years dents outlook

Reuters
BEIJING (Reuters) – China’s property investment hit a two-year low in December even as it grew at a solid pace in 2019, adding to recent signs of a slackening in the sector and suggested Beijing might need to offer more stimulus to stabilize a cooling economy. FILE PHOTO: Lights are......
Reuters - Business

Asian shares firm after Wall Street records; China GDP awaited

Reuters
SHANGHAI (Reuters) – Asian shares inched higher on Friday after global stock indexes and Wall Street posted more records, with strong corporate earnings and upbeat U.S. economic data adding to optimism after China and the U.S. signed a partial trade deal. FILE PHOTO: A man looks at a board showing......
Reuters - Business

Factbox: Foreign investment banks with majority stakes in China units

Reuters
HONG KONG (Reuters) – The world’s biggest investment banks will be able to wholly own their China securities businesses from April 1 as the U.S.- China Phase 1 trade deal accelerates a previous deadline for removing foreign ownership caps by nine months. FILE PHOTO: A UBS advertisement is displayed on......
Reuters - Business

World stocks pause at record peak as markets assess U.S.-China deal

Reuters
TOKYO (Reuters) – World stocks inched ahead to a record high on Thursday after the United States and China signed an initial deal to defuse their 18-month trade war, though financial markets were wary as a number of thorny issues remained unresolved. Investors look at screens showing stock information at......
New York Post

Report warns China poses global threat to human rights

NYPost
New York Post – For more and to sign up click here BEIJING — China has blasted a report from Human Rights Watch that accused it of constructing a surveillance state at home while seeking to silence critics abroad. Foreign ministry spokesman Geng Shuang on Wednesday said he had not......
Reuters - Business

Record high stocks pause to gauge China-U.S. trade outlook, company earnings

Reuters
LONDON (Reuters) – World stocks eased off record highs on Wednesday and U.S. and German bond yields slipped, as euphoria over a U.S.-China trade deal was tempered by U.S. Treasury Secretary Steven Mnuchin saying tariffs on Chinese goods would remain in place for now. FILE PHOTO: The London Stock Exchange......
Reuters - Business

Stocks slip ahead of U.S.-China trade deal signing

Reuters
TOKYO (Reuters) – Stocks slipped in Asian trade on Wednesday as investors awaited the signing of an initial U.S.-China trade deal, with sentiment somewhat dented by comments from the U.S. Treasury Secretary that tariffs would remain in place for now. FILE PHOTO: A man is reflected on a board showing......
Reuters - Business

Documents to show U.S.-China trade deal fully enforceable: Mnuchin

Reuters
WASHINGTON (Reuters) – Documents to be released Wednesday will show skeptics that a Phase 1 U.S.-China trade agreement will be fully enforceable, including a pledge by China to refrain from manipulating its currency, U.S. Treasury Secretary Steven Mnuchin said Tuesday. FILE PHOTO: U.S. Treasury Secretary Steve Mnuchin speaks about sanctions......
Reuters - Business

Stocks tread water ahead of signing of initial U.S.-China trade deal

Reuters
TOKYO (Reuters) – Stocks were steady in early Asian trade on Wednesday as investors awaited the signing of an initial U.S.-China trade deal, with sentiment somewhat dented by comments from the U.S. Treasury Secretary’s that tariffs would remain in place for now. FILE PHOTO: A man looks at a stock......
Reuters - Business

Rally hits the buffers ahead of U.S.-China trade deal

Reuters
LONDON (Reuters) – Europe’s markets were struck by a bout of weakness on Tuesday, as traders cashed in on recent record highs and waited for a long-awaited U.S.-China trade deal and the first flurries of the Wall Street earnings season. It had been smooth sailing in Asia. MSCI’s world stocks......
Reuters - Business

Asian stocks rally to record high ahead of trade deal; yen slips

Reuters
SINGAPORE (Reuters) – Asian share markets rose on Tuesday and safe-haven assets slid as signs of goodwill between China and the United States supported optimism for global growth, with the world’s two biggest economies preparing to formalize a trade-war truce. FILE PHOTO: A man looks at a board showing stock......
Reuters - Business

Asian shares at 19-month highs ahead of U.S.-China deal

Reuters
SYDNEY/SHANGHAI (Reuters) – Asian shares shook off a quiet start to reach new 19-month highs on Monday ahead of the expected signing of a Phase 1 China-U.S. trade deal, although markets have yet to see the details of the agreement. FILE PHOTO: An investor looks at a stock quotation board......

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