New Zealand intelligence agency rejects first Huawei 5G bid, cites security
New Zealand’s intelligence agency has rejected the telecom industry’s first request to use 5G equipment provided by China’s Huawei Technologies Co Ltd, citing a security risk.
Chinese transport authorities slam Didi for skirting safety measures
Chinese authorities announced a broad crackdown on China’s ride-hailing industry on Wednesday, targeting market-leader Didi Chuxing with fines following the deaths of two passengers in separate incidents earlier this year.
Asian shares tentative ahead of Trump-Xi meeting, Fed speech
Asian shares dithered on Wednesday and the dollar jumped to a near 1-1/2-year top as risk assets rowed back amid conflicting signals on prospects for de-escalating the Sino-U.S. trade dispute.
BMW chief says considering second U.S. manufacturing plant
BMW is considering a second U.S. manufacturing plant that could produce engines and transmissions, Chief Executive Harald Krueger said on Tuesday, shortly after a report that U.S. President Donald Trump would impose tariffs on imported cars from next …
Single word keeps some farmers from getting Trump’s aid to offset tariffs
A Republican lawmaker wants to change a single word in the Trump administration’s farm aid program saying some soybean growers in Louisiana cannot qualify for the payments designed to offset farmers’ losses from tariffs against China.
Trump says ‘not even a little bit happy’ with Fed’s Powell: report
U.S. President Donald Trump on Tuesday kept up his criticism of Federal Reserve Chairman Jerome Powell, saying rising interest rates and other Fed policies were damaging the U.S. economy, the Washington Post said.
Hong Kong’s finance sector M&A deals fall prey to China crackdown
Mergers and acquisitions targeting Hong Kong financial firms have slumped this year, with insurance sector deals particularly hard hit, as China’s moves to tighten capital controls and crack down on corporate debt have driven mainland buyers away.
Wall Street reverses losses after White House adviser’s trade remarks
The S&P 500 and the Dow Jones Industrial Average edged higher on Tuesday after White House economic adviser Larry Kudlow said a meeting between President Donald Trump and his Chinese counterpart on Saturday was an opportunity to “turn the page” on a trade war.
Oshkosh wins $1.7 billion U.S. defense contract: Pentagon
Oshkosh Corp has been awarded a $1.7 billion modification to a U.S. defense contract to exercise options for 6,107 vehicles and 22,166 kits, the Pentagon said on Tuesday.
Sears secures court approval for additional $350 million loan
Sears Holdings Corp won court approval on Tuesday for $350 million in critical bankruptcy financing that will keep the 125-year-old retailer operating through the holidays while it attempts to reorganize.
