Explainer: What is China’s Huawei Technologies and why is it controversial?
The arrest in Canada of Meng Wanzhou, a top executive at China’s Huawei Technologies Co Ltd and daughter of the founder and CEO, jolted the global business community on Thursday and raised fears that a truce in the U.S.-China trade war could come to a …
World stocks down on China exec arrest; oil slips on OPEC decision delay
Stock markets around the world sank on Thursday as the arrest of a top Chinese technology executive threatened to strain an already brittle U.S.-China trade relationship, while oil prices fell after OPEC delayed an output decision.
Oil dives nearly 3 percent after OPEC delays output decision
Oil fell nearly 3 percent in choppy trading on Thursday after OPEC and its allies ended a meeting without announcing a decision to cut crude output, and prepared to debate the matter the next day.
Broadcom earnings beat on strong demand for enterprise storage products
Broadcom Inc on Thursday reported fourth-quarter revenue and profit above analysts’ estimates, driven by strong demand for its enterprise storage and networking products, sending its shares up 6 percent in extended trading.
Bombardier expects higher business jet deliveries to fuel turnaround
Bombardier Inc said on Thursday it expects to deliver 150 to 155 business aircraft next year, helping the Canadian plane and trainmaker meet an $18 billion revenue target for 2019.
Canada PM says government played no role in Huawei executive’s arrest
Canadian Prime Minister Justin Trudeau on Thursday said his government had no involvement in the arrest of a top executive from Chinese technology giant Huawei, who was detained at Vancouver airport.
S&P 500, Dow slip on trade concerns, but end off lows
The S&P 500 and Dow industrials ended slightly negative but well above their session lows in volatile trading on Thursday as the arrest of a Chinese technology executive fanned fears of tensions between the United States and China over trade, while some big technology and Internet shares posted gains.
Fiat Chrysler to open new assembly plant in Detroit to build Jeep SUVs: source
Fiat Chrysler Automobiles NV plans to build Jeep sport-utility vehicles in a new plant in Detroit and has chosen a site, although the timing of the opening is uncertain, a source familiar with the plans told Reuters.
Taking aim at Intel, Qualcomm launches chip for business PCs
Qualcomm Inc , the biggest supplier of chips for mobile phones, on Thursday pushed further into the PC market with a line of chips designed to power business machines.
Embraer-Boeing aviation deal blocked by Brazilian court
A Brazilian federal court on Thursday granted an injunction blocking the proposed tie-up between U.S. planemaker Boeing Co and Embraer SA , a deal the Brazilian company says is crucial to its survival.
