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John Bolton says he knew in advance Huawei executive would be arrested National security adviser said US had long been concerned about role of Chinese tech companies in theft of technological knowhow The appropriate authorities took the decisions in this case, he told reporters The FTSE 100 fell by 2.5% while benchmark indices in France, Germany and Italy all lost more than 2% So while there was a brief moment of optimism after the weekend US-China talks … the reality is, it won’t be that easy
Tesla is reportedly planning to pay off its next chunk of convertible debt in an odd way Tesla has $920 million of convertible notes due in March. The company informed holders last week that they could receive a 50-50 mix of cash and equity for the notes. Tesla's stock closed at $363 on Thursday, roughly 0.8% above the conversion price of the bonds More Tesla coverage: Leaked documents reveal Tesla had an aggressive production ramp for its Model Y but the company says that its plans have changed Tesla has begun the construction process for its second 'Gigafactory' in China after President Trump's trade war hurt its foreign sales Tesla's stock is in unprecedented territory that could completely overhaul how it's traded Get the latest Tesla stock price here
Trump is losing the trade war with China based on his favorite report card, and it's probably going to keep getting worse The US trade deficit hit the highest level since 2008 in October and a big reason was President Donald Trump's own policies. On the import side of the ledger: The US economy is stronger, and US consumers' appetite is outpacing the country's ability to produce the goods they want At the same time, if Trump is able to strike a trade deal with China, a prospect of which economists and experts are more skeptical, export growth could rebound and close the gap
Australian stocks trade higher following report Fed may halt hikes The Wall Street Journal reported on Thursday that the Federal Reserve is considering whether to signal a wait-and-see approach to rate hikes at its upcoming meeting this month.  Symbol Name Price Change %Change NIKKEI --- HSI --- ASX 200 --- SHANGHAI --- KOSPI --- CNBC 100 --- Bolton 'knew in advance' about Huawei CFO arrest Part of the broad decline in Asian stocks on Thursday was attributed to news of the arrest of Huawei CFO Meng Wanzhou in Canada
Japan firms see trade war, sales tax pressuring economy in 2019 Most Japanese firms expect flat or weaker domestic growth next year and are even... FILE PHOTO - Smoke is emitted from a chimney as a man fishes at the Keihin industrial zone in Kawasaki, Japan, March 28, 2016 Some 39 percent believe global growth will hold steady next year, while just 10 percent say it will accelerate Our Standards:The Thomson Reuters Trust Principles
Huawei, France Protests, Mascot Mayhem: Your Thursday Evening Briefing Here’s what you need to know at the end of the day. The plan would effectively open nine million acres of Western land to drilling, mining and other development They can involve months of preparation, choreographed assault teams, and even military aircraft Your Evening Briefing is posted at 6 p.m. Eastern Sign up here to get it by email in the Australian, Asian, European or American morning
Making Sense of the Market—a Live Conversation Experts from Barron’s, MarketWatch, and London’s Financial News discuss the outlook for markets after this week’s market plunge Text size After a tumultuous week for global markets amid worries over the U.S. trade war with China, volatile oil prices, and Britain’s Brexit controversy, Barron’s is hosting a live conversation to discuss economic uncertainty and where we go from here
£56bn wiped off FTSE 100 in biggest market fall since Brexit vote Arrest of Huawei’s Meng Wanzhou compounds fears of escalating US-China trade war The Dow opened 400 points lower and at one point was down more than 700 points before rallying to close just 79 points, or 0.32%, down Theresa May’s uphill struggle to get the House of Commons to agree her Brexit deal provided an additional cause of market anxiety in London The 3.15% fall in the FTSE left the market at its lowest level in two years
Why Huawei arrest deepens conflict between US and China WASHINGTON (AP) — The dramatic arrest of a Chinese telecommunications executive has driven home why it will so hard for the Trump administration to resolve its deepening conflict with China. In the short run, the arrest of Huawei's chief financial officer heightened skepticism about the trade truce that Presidents Donald Trump and Xi Jinping reached last weekend in Buenos Aires, Argentina. On Thursday, U.S. stock markets tumbled on fears that the 90-day cease-fire won't last before regaining most of their losses by the close of trading. WASHINGTON (AP) The dramatic arrest of a Chinese telecommunications executive has driven home why it will so hard for the Trump administration to resolve its deepening conflict with China Earlier this year, the United States nearly drove Huawei’s biggest Chinese rival, ZTE Corp., out of business for selling equipment to North Korea and Iran in violation of U.S. sanctions
U.S. Arresting Huawei CFO Creates Huge Uncertainty For The Markets And Trade Talks The U.S. government had Canada arrest the CFO of Huawei on Saturday, accusing the company of violating U.S. sanctions on Iran. This could create a huge impediment to the just announced trade talks with China, if not derail them completely. Tweet This Art Cashin at UBS said on CNBC, this would be like arresting Steve Jobs’ son With executive’s arrest, US wants to stifle Huawei The Chinese Embassy in Canada on Wednesday voiced its firm opposition to the arrest of Meng, saying that it is a gross violation of human rights
Why Fed Chair Powell May Be Praying For A Vote Against Rate Hikes Fed Chair Jerome Powell may be hoping one of his colleagues dissents against an expected December rate hike, in order to signal to markets the central bank is almost done tightening monetary policy. A troubling market trend that usually precedes recessions where long-term bond yields slip below their short-term counterparts, known as a yield-curve inversion, also raised fresh concerns about the economy We shall see, at exactly 2 p.m. on Wednesday, December 19
Dow tumbles amid uncertainty over the U.S.-China trade war The Dow plunged again Thursday amid uncertainty over trade with China. This comes as the arrest of a Chinese tech executive could complicate negotiations between the U.S. and China. The Hill's Niall Stanage joins CBSN with more.
Explainer: What 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 A new law in China requiring any domestic firm to assist the government when asked has also stoked concern Our Standards:The Thomson Reuters Trust Principles
Stocks pare losses after report Fed may slow interest rate hikes Shares regained ground after a report that the Federal Reserve may take a "wait-and-see" policy toward future interest rate hikes Adding to that skepticism are concerns about how Meng's arrest could influence trade discussions between the two economic powers With the yields on five-year Treasury notes falling below those on three-year notes on Monday, investors rae taking notice because that hasn't occurred since 2007 -- shortly before the recession We think its low level is mainly a product of worries about the outlook for growth in the U.S.
Tech execs at White House field ideas for US dominance Top executives from Google, Microsoft, IBM, Oracle and Qualcomm are planning to meet at the White House amid strained ties between President Donald Trump's administration and the tech industry. But several attendees described the meeting as more focused on getting government and U.S. businesses working more closely on accelerating emerging technologies such as artificial intelligence They said the meeting is part of what will be an ongoing series of private sessions to gather expert input that will later be elevated to the president's attention
What is Huawei, and why the arrest of its CFO matters The arrest of Meng Wanzhou has sent stock markets plunging and threatens to derail the tenuous US-China trade truce. The Huawei founder reportedly shot that down in a letter to employees in 2013, saying his children lacked the vision, character and ambition to lead the company CNN's Sherisse Pham, Jethro Mullen, Paula Newton, Yong Xiong, Daniel Shane and Pamela Brown contributed to this report
US trade deficit in goods grows to record $77bn in October American threat of higher tariffs prompts push for imports from China instead But the White House threatened at the time to lift the rate to 25% at the start of 2019, sparking a rush in demand for the affected Chinese goods Washington and Beijing have since agreed on a freeze in tariffs until the end of February The two sides are scheduled to open trade negotiations at the start of next year
8@eight: ASX set to follow global markets down at open What happened overnight and what's ahead for the ASX. Stepping away from the disorder, though: perhaps this big-long cycle of central banks seeking to control the business cycle is seeing such diminished returns, and that the overall structure is no longer viable or sustainable Market highlights : SPI futures down 51 points to 5606 AUD -0.7% to 72.13 US cents On Wall St at 12.09pm in New York: Dow -2.38% S&P 500 -2.27% Nasdaq -1.30% In Europe at 5.15pm in London: Stoxx 50 -3.3% FTSE -3.1% CAC -3.3% DAX -3.5% Gold at 12.02pm in New York +4.5% to $US1247 an ounce Brent crude -2.4% to $US58.66 a barrel Iron ore -1.1% to $US66.59 a tonne LME aluminium -1.7% at $US1,936 a tonne LME copper -1.7% down at $US6,070 a tonne 10-year yield: US 2.86% Australia 2.45% Germany 0.23% This column was produced in commercial partnership between Fairfax Media and IG
US firms doing business in China now vulnerable after Huawei arrest: Former US trade advisor There's a good chance the Chinese will retaliate for the arrest of Huawei CFO Meng Wanzhou by targeting American businesses in China, says former assistant U.S. trade representative Jeff Moon. Huawei is being investigated for using HSBC to allegedly make illegal transactions involving Iran, Reuters reported on Thursday If so, things will start getting out of control, and reaching an agreement that will settle the trade dispute will be much harder U.S. equities fell sharply on Thursday, a day after the Dow Jones Industrial Average plunged nearly 800 points
Arresting Huawei exec is a case of spectacularly bad timing On the very day China's President Xi Jinping is settling down for an amicable dinner with his good friend Donald Trump to arrange a cease-fire in a desperate trade war, a powerful executive of a major Chinese company is arrested at the behest of the US, writes David Andelman. It's not a recipe for a good relationship MUST WATCH Why the arrest of Huawei's CFO matters 01:38 David A (US National Security Adviser John Bolton said in an NPR interview Thursday that he knew of the arrest in advance but did not say whether the President did.) Then there is the whole question of priorities
Perspective | Why Trump’s tweets are scaring inexperienced investors Many people are already scared of investing. Trump tweets are not helping to calm them down. You can’t delineate the noise from policy because sometimes the noise is policy If you’re viewing this post online, sign up to automatically receive Michelle Singletary’s newsletters right into your email box: Your Retirement on Mondays and Personal Finance on Thursdays Follow Michelle Singletary on Twitter @SingletaryM and Facebook
This formerly dominant and often overlooked sector is at the epicenter of the stock market meltdown | Markets Insider Reuters / Michael Dalder Semiconductors have been a beacon of stock-market outperformance for months, even years Chipmakers frequently find the fates of their stock prices tied to the latest developments at Apple Which begs the question of which previously embraced industry will be next
JPMorgan CEO Jamie Dimon says the market is getting ripped around thanks to the trade war J. P. Morgan Chase chairman and CEO Jaime Dimon says tariffs and trade concerns are the main cause for market volatility. Dimon's straight-talking ways have won him many followers, even winning praise from President Obama for doing a pretty good job As of 2:25 p.m. ET, the Dow Jones Industrial Average was down 454 points © CNBC is a USA TODAY content partner offering financial news and commentary
This formerly dominant and often overlooked sector is at the epicenter of the stock market meltdown Recent developments have put pressure on the semiconductors sector. And many of those issues can be tied into problems facing the broader market. Semiconductors have been a beacon of stock-market outperformance for months, even years Chipmakers frequently find the fates of their stock prices tied to the latest developments at Apple Which begs the question of which previously embraced industry will be next
3 reasons why the stock market is plummeting—and what you should do Here's what's going on. In September, he said that, on top of the goods already targeted, he had an additional $267 billion in tariffs ready to go Subscribe to CNBC Make It on YouTube! Don't miss: Here's what Warren Buffett says to do when the market tanks This 25-year-old learned a tough business lesson from Warren Buffett    12:31 PM ET Tue, 5 June 2018 | 01:47
'Nothing to do with Brexit!' Lord Lamont SHUTS DOWN Kay Burley on FTSE stock market PLUNGE CONSERVATIVE peer Lord Lamont shut down Sky's Kay Burley as she questioned the Brexiteer on Thursday's London Stock Market biggest fall since the Brexit referendum while discussing Theresa May's Brexit deal. Sky's founder Kay Burley attempted to question the prominent Brexiteer over the Thursday's FTSE 100 stock market's fall moments after they discussed alternatives to Theresa May's Brexit deal If you look at stock markets all over the world they have been falling
DealBook Briefing: Inside the Emails Facebook Never Thought You’d Read Hundreds of pages of documents published by the British government provide a rare glimpse into how the social network functions. Without their intervention, solar and wind power, and electric and hybrid cars would have no foothold against their fossil fuel competitors to provide better working conditions for contractors Please email thoughts and suggestions to
Nearly All Major Economies Will Experience an Economic Slowdown Next Year The global economy gets a gut check—but don't sweat a recession, economists say. The investment bank also cited only a limited risk of a recession over the next 12 months, though it added that the outlook for a downturn in 2020 and beyond is murkier Among the countries potentially in for a rougher ride next year could be Japan, where a consumption tax hike (to 10% from the existing 8%) is set to take effect next October, while the outcome of the ongoing Brexit negotiations on the United Kingdom is anybody’s guess, Bhave said They need to do everything they can to inoculate from a trade war