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London stock market hits a two-year low amid trade war and Brexit Investors have been selling off shares, sending the FTSE 100 index down 2.5 per cent this morning - its lowest level since December 2016. But this is a long shot.'  Brexiteers are furious at the PM's Brexit plan and are expected to launch a fresh attempt to oust her from the leadership if her deal is voted down next week The US index itself is expected to drop 300 points, a loss in line with the situation in Europe.' 'Investors are in the mood to accentuate all the negative news at the moment,' said Ian Williams, analyst at Peel Hunt
Explainer: Who is China's Huawei Technologies and why is it... The arrest in Canada of Meng Wanzhou, a top executive at China's Huawei Tec... It remains privately held and describes itself as employee-owned, though its ownership structure is unknown Top carriers Verizon Communications and AT&T pulled out of deals to distribute Huawei smartphones earlier this year Our Standards:The Thomson Reuters Trust Principles
Asian stocks slide as Huawei arrest revives trade war fears Huawei peer ZTE, supplier Samsung Electronics among stocks hit in the region The Japanese yen, considered a safe-haven asset, climbed 0.4% against the dollar While Huawei is unlisted, its supplier and regional heavyweight Samsung Electronics fell 2.3% in Seoul Other technology heavyweights in the region also fell, with Taiwan Semiconductor Manufacturing Co. (TSMC) and Hon Hai Precision Industry shedding 2.7% and 3.6%, respectively, in Taipei AirAsia didn't provide details of what the pact entails
Global Stocks Plunge, Suggesting a Grim Day on Wall Street Markets around the world fell sharply on Thursday after the arrest of a Huawei executive threatened to upend an fragile trade truce between the United States and China. Stocks on Wall Street fell more than 3 percent on Tuesday But a series of tweets from Mr. Trump, who called himself a Tariff Man prompted a new round of selling The only thing that seems certain is more uncertainty, analysts said Is Arrested in Canada for Extradition to the U.S. Dec. 5, 2018 Advertisement
China protests ‘despicable hooliganism’ after arrest of Huawei executive   The arrested executive, the founder’s daughter, is being groomed to lead the tech giant. By Anna Fifield Anna Fifield Beijing bureau chief After reports in October that China was eavesdropping on calls Trump was making on his iPhone, a spokeswoman quipped that if the American president is worried about his Apple device being tapped, he can use Huawei
Treasury yields slide amid safe haven buying and worries of a curve inversion U.S. government debt prices rose on Thursday, with investors rattled by volatility in equity markets and anxiety around a potential yield curve inversion. Drew Angerer | Getty Images Traders and financial professionals work at the closing bell on the floor of the New York Stock Exchange (NYSE), November 12, 2018 in New York City Meanwhile, the Treasury will auction $40 billion in four-week bills and $30 billion in eight-week bills on Thursday
Investors unlikely to rush back into tech sector On Wednesday, battered tech investors finally had a day they could look forward to with equanimity: stock trading was suspended for the day in observance of a presidential funeral At the same time, the bond markets have been flashing warnings of an economic slowdown, adding to a cyclical rotation out of the growth stocks that have led the rally
Huawei CFO's arrest could torpedo Trump and Xi's ceasefire and rock the smartphone giant Meng Wanzhou, CFO at Huawei, facing extradition to the US to face charges over trade to Iran is much bigger than it first appears. If, for example, Huawei is found guilty of intentionally allowing US-licences technologies to be exported into Iran, it could prohibit US companies and suppliers from dealing with the firm Dr. John Hemmings is Director of the Asia Studies Centre at the Henry Jackson Society and an Adjunct Fellow at the Centre for Strategic and International Studies
Why the Arrest of Huawei's CFO Has Helped Send Stock Markets Into a Tailspin News of her arrest broke late Wednesday night. Meanwhile, the substantially more independent South China Morning Post reported today that Meng and her father recently told Huawei employees that strict compliance with regulations was sometimes not financially feasible and could be avoided A version of this story first appeared in Fortune’s CEO Daily newsletter
Top Huawei executive arrested on U.S. request, clouding China trade... The daughter of Huawei's founder, a top executive at the Chinese technology... I believe that China’s government will use maximum force to fight for freedom and justice for Meng Wanzhou Samsung Electronics fell 2.3 percent, while Chinasoft International Ltd sank as much as 13 percent Our Standards:The Thomson Reuters Trust Principles
Huawei CFO arrest sends global chip stocks plunging; AMS slides 7% Global chip stocks tumbled on Thursday as the arrest of a top executive at Chinese tech giant Huawei renewed fears of an escalation in U.S.-China trade tensions. Smith Collection/Gado | Archive Photos | Getty Images Huawei It's no surprise, then, that a potential disruption to its business and supplier relations would impact the outlook for a wide set of silicon vendors, Peter Jarich, head of GSMA Intelligence, a research firm, told CNBC in an email Thursday
Turmoil on London stock market: FTSE 100 index plunges to two-year low Mining and commodity stocks led the falls, which dragged the blue-chip share index down by 173 points to 6,749 - a drop of 2.5 per cent. Investors piled out of shares today amid growing pessimism on the global economy and sent the FTSE 100 index plunging to two-year lows SpreadEx analyst Connor Campbell put the turmoil down to 'an intense week for US-China relations' After an extended recover, the blue-chip index finally exceeded its pre-dot-com high in spring 2015, when it went on to briefly crest 7,000
FTSE 100 drops 2% to lowest level in two years Britain’s main stock market barometer slumped on Thursday to its lowest level since December 2016 amid a broad decline in European equities sparked by increased concerns over Sino-American tensions The latter is certainly centre stage in today’s sell-off after Canadian authorities arrested the finance chief of Chinese tech firm Huawei
European shares hit two-year low as Huawei arrest fuels trade worries European shares fell on Thursday after the arrest of a top executive at Huawei f... Huawei supplier STMicro (STM.MI) lost 4.7 percent, AMS (AMS.S) 6 percent and Dialog Semi (DLGS.DE) 2.6 percent A Wall Street Journal report last month said the U.S. government was trying to persuade wireless and internet providers in allied countries to avoid equipment from Huawei Our Standards:The Thomson Reuters Trust Principles
China to 'immediately' implement measures of trade truce with US Negotiations will start by focusing on trade in farm goods, energy and automobiles to resolve spat. Few details have been made public about what the two sides will negotiate, a lack of clarity that has unsettled stock markets For its part, China has said it will import more US products to reduce its trade surplus, but no dollar amount has been publicly discussed Counting the Cost What's the endgame in the US-China trade war
Huawei Arrest, Facebook Emails, Carbon Emissions: CEO Daily for December 6, 2018 Must-read business news, delivered every morning. China and India are also pumping out more CO2, while the EU’s emissions are actually expected to fall slightly in 2018 Fortune OPEC Cuts President Trump wants to cut oil prices, but Russia and OPEC (including Trump’s good friends in Saudi Arabia, of course) aren’t playing ballover the next couple days, they’re expected to cut production instead, to keep prices up Find previous editions here, and sign up for other Fortune newsletters here
China urges US to 'clarify' Huawei arrest The US seeks to extradite chief financial officer Meng Wanzhou, daughter of the telecom giant's founder. US lawmakers have repeatedly accused the company of being a threat to US national security, arguing that its technology could be used for spying by the Chinese government Although there are some waivers, US Treasury Secretary Steven Mnuchin has said the US will aggressively target any firm or organisation evading our sanctions
Asian stocks sink after US orders arrest of senior Huawei executive in Canada Major Asian stock markets plunged as much as 2.5 percent on Thursday after a senior Chinese executive was arrested in Canada, and is now facing extradition to the US. Investors fear an escalation of the US-China trade war. China has demanded an explanation for the detention of its citizen from both the US and Canada, and her immediate release However, investors’ enthusiasm vanished after Trump’s confusing tweets on the agreement and new warnings to China For more stories on economy & finance visit RT's business section Trends: China newsChina-US news
Volkswagen brand to accelerate margin hike for core brand Volkswagen's core brand aims to raise its profit margin faster than previou... The group did not reveal details about whether jobs would be affected but has ruled out forced redundancies Shares in the group were down 1.7 percent at 0929 GMT, in line with declining European car stocks .SXAP, hit by worries over a fresh build-up in the Sino-U.S trade war after the arrest of a Huawei top executive ($1 = 0.8821 euros) Our Standards:The Thomson Reuters Trust Principles
Stocks slide as Huawei arrest risks new strains in U.S.-China ties U.S. stock futures and Asian shares slumped on Thursday after Canadian authoriti... WORRIES ABOUT SLOWER U.S. GROWTH Markets had initially brightened this week after U.S. and Chinese leaders agreed a temporary trade truce at a meeting on Saturday But the mood quickly soured on scepticism that the two sides can reach a substantive deal on a host of hugely divisive issues within the tight 90-day time frame set out Our Standards:The Thomson Reuters Trust Principles
Central bank warnings on the global economy are getting louder The reasons to stay awake at night are multiplying – let’s hope this time we have priced the risks correctly When I took over responsibility for banking supervision in the United Kingdom, in 1995, a wise old bird in the Bank of England (BoE) warned me that I would find it a thankless task But if a problem occurs, it is almost invariably seen as a case of supervisory failure Q&A WEF biggest risks to the global economy 2018 Show Hide 1
Double blow for Huawei as senior executive arrested The daughter of Huawei's founder has been arrested at the same time as British telco BT rips its equipment out of service. Telstra has opted to partner with Swedish provider Ericsson for its 5G roll out, and an Optus spokeswoman said the company complies with guidance set out by the Australian Government in respect of managing any risks to national security A leaked US National Security Council memo earlier this year warned that China was poised to take the technological lead on the global deployment of 5G, and outlined a plan to disrupt Huawei's growth by shifting telecommunications manufacturing back to the United States
Markets rattled by Huawei arrest, as Opec ministers meet – business live Rolling coverage of the latest economic and financial news, as shares are hit by the shock arrest of Huawei CFO Meng Wanzhou The Chinese stock market has slumped by 2%, and there are heavy losses in Tokyo and Hong Kong too: Photograph: Bloomberg TV Jasper Lawler of London Capital Group says sentiment has been ‘smashed’ this morning The agenda 9am GMT: Opec meeting scheduled to begin 1.30pm GMT: US weekly jobless figures 3pm GMT: US factory orders Updatedat 2.42am EST
China-US Trade War Will Not Escalate, Good For Financial Markets Analysts told International Business Times that the truce is unlikely to have any impact on the U.S. economy, and will be extended after the 90-day initial period. This photo illustration taken on January 6, 2017 shows Chinese 100 yuan notes and one US dollar notes in Beijing Since the first round of tariffs under the Trump administration was implemented in January, growth in the S&P 500 has been weaker than implied by the ISM index