U.S. blacklists China’s Huawei as trade dispute clouds global outlook
The Trump administration hit Chinese telecoms giant Huawei with severe sanctions on Wednesday, adding another incendiary element to the U.S.-China trade dispute just as Treasury Secretary Steven Mnuchin said he would visit China soon for more talks.
Cisco beats earnings target, says has cushioned supply chain from tariffs
Cisco Systems Inc reported better-than-expected quarterly earnings on Wednesday and gave an upbeat sales forecast for the current period, saying that minimal sales exposure to China and changes to its supply chains have helped cushion the blow of U.S.-…
Mexico says close to U.S. metals tariff deal, waiting for Canada
Mexico is close to resolving its dispute with the United States over steel and aluminum tariffs without quotas but is waiting for Canada to reach a similar agreement before completing it, Mexico’s top trade official said on Wednesday.
Not right time for Mexico to target new U.S. products in steel dispute: official
Progress being made between Washington and Mexico City toward repealing U.S. tariffs on steel means it is not the right time for Mexico to target new U.S. products in retaliation for the duties, a senior Mexican official said on Wednesday.
Big U.S. hedge funds regain ardor for FAANGs in first quarter: filings
Some of the biggest, highest-profile U.S. hedge fund investors and money managers fell back in love with FAANGs in the first quarter, according to regulatory filings released on Wednesday.
Harvey Weinstein’s former film studio plans to liquidate in bankruptcy
The film studio once run by Harvey Weinstein said it plans to liquidate in bankruptcy, as it tries to resolve civil lawsuits against former directors and officers arising from sexual misconduct claims against the onetime Hollywood mogul.
Trump order clears way for barring Huawei from U.S. telecommunications networks
President Donald Trump on Wednesday signed an executive order declaring a national emergency and barring U.S. companies from using telecommunications equipment made by firms posing a national security risk, paving the way for a ban on doing business wi…
China’s Huawei, 70 affiliates placed on U.S. trade blacklist
The U.S. Commerce Department said on Wednesday it is adding Huawei Technologies Co Ltd and 70 affiliates to its so-called “Entity List” – a move that bans the telecom giant from buying parts and components from U.S. companies without U.S. government approval.
Advisory firms say AIG shareholders should vote ‘no’ on executive pay
American International Group Inc shareholders should vote against compensation packages for top executives at the insurer’s annual meeting next week, according to two advisory firms that hold sway over investor votes.
Buffett’s Berkshire unveils $861 million Amazon stake
Warren Buffett’s Berkshire Hathaway Inc said it owned $860.6 million of Amazon.com Inc shares at the end of March, after the billionaire admitted to underestimating the online retailer and its Chief Executive Jeff Bezos.
