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Term Sheet - Thursday, Dec 6, 2018
12 days ago - By Fortune
Huawei Good day. Lucinda here taking over for Polina, who returns Friday.
Over dinner at the G20 summit on Saturday, U.S. President Donald Trump and Chinese President Xi Jinping brokered a 90-day tariff truce that made time for negotiations between the two economic giants. Around the world investors breathed a sigh of relief, with Trump celebrating the ceasefire as an "incredible deal."
But news emerged Wednesday that could throw a major wrench in such talks: the arrest of Meng Wanzhou, the Chief Executive Officer of one of China's most successful companies, Huawei.
On the same day Xi and...
Read more ...Stock Selloff Continues Amid Worries Over U.S.-China Tensions
12 days ago - By NPR
U.S. stock markets plunged again Thursday after a Chinese technology executive was arrested in Canada, escalating U.S.-China tensions. The Dow's dive followed a fall of 799 points Tuesday.
Read more ...The arrest of Chinese tech giant Huawei's CFO proves Trump's trade war is 'escalating to a new level'
12 days ago - By Business Insider
Sabrina Meng Wanzhou, the CFO of Chinese tech giant Huawei, was arrested in Canada on Wednesday.
He is expected to be extradited to the US to face charges related to violations of US sanctions on Iran.
The arrest drew immediate condemnation from Beijing and seems to have scuttled any goodwill from a positive meeting at the G20 summit.
The move also fits into the Trump administration's larger plan to address China's growing global influence.
The arrest of Wanzhou and the Trump administration's hard line on China means the US-China trade war "is escalating to a new level."
After seemingly...
Read more ...China demands Canada release Huawei's CFO, saying the arrest could 'violate human rights'
12 days ago - By Business Insider
C hina is demanding the release of Huawei's Chief Financial Officer, Meng Wanzhou, who was detained in Canada at the request of US authorities.
China says that Meng had been arrested without explanation and that could be a "violation of her human rights."
But Canadian law dictates that people are told why they have been arrested or detained, and Canada says it cannot offer details publicly because of a publication ban requested by Meng herself.
Canada has not publicly said why Meng has been arrested, but reports say that she was arrested on suspicion of violating the US's trade sanctions...
Read more ...Wall Street opens lower as Huawei executive arrest fans trade worries
12 days ago - By Reuters
U.S. stocks tumbled at open on Thursday, as the arrest of a top executive of Chinese tech giant Huawei for extradition to the United States sparked fears of a flare-up in Sino-U.S. tensions, while sliding oil prices added to the pressure.
Read more ...The Latest: China demands Canada release Huawei executive
12 days ago - By Chron
BEIJING - The Latest on the arrest of an executive of Chinese telecoms equipment maker Huawei Technologies. :
4:20 p.m.
China's foreign ministry has demanded Canada release a top executive at Chinese telecoms giant Huawei Technologies who has been detained while in transit, and reveal the reasoning behind her arrest.
Ministry spokesman Geng Shuang told reporters Thursday that China was in contact over the case of Meng Wanzhou with both Canada and the U.S., which requested her detention on suspicion of trying to evade U.S. curbs on trade with Iran.
Geng also said Meng's legal rights must be...
Read more ...Futures drop as Huawei executive arrest fans China-U.S. worries
12 days ago - By Reuters
U.S. stocks were set to tumble on Thursday as the arrest of a top executive of Chinese tech giant Huawei for extradition to the United States sparked fears of a flare-up in Sino-U.S. tensions, while sliding oil prices added to the pressure.
Read more ...Global markets plunge amid fears of new U.S.-China rift
12 days ago - By Reuters
Global stock markets slumped on Thursday as the arrest of a top executive of Chinese tech giant Huawei in Canada for extradition to the United States fed fears of fresh tensions between the two economic superpowers.
Read more ...What is China's Huawei Technologies and why is it controversial?
12 days ago - By Reuters
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 swift end.
Read more ...Canadian dairy producers were not pleased after the signing of the U.S
12 days ago - By AG Web
Canadian dairy producers were not pleased after the signing of the U.S. Mexico Canada Agreement last Friday.
Read more ...Futures tumble as China executive arrest threatens trade truce
12 days ago - By Reuters
U.S. stock index futures fell more than 1.5 percent on Thursday, as the arrest of a top executive of Chinese tech giant Huawei for extradition to the United States sparked fears of a flare-up in Sino-U.S. tensions, while sliding oil prices added to the pressure.
Read more ...Huawei Finance Chief's Arrest Threatens To Inflame U.S.-China Tensions
12 days ago - By NPR
Canadian authorities have arrested Meng Wanzhou, the company's CFO and daughter of its founder, at the request of the U.S. And Chinese officials have made quite clear they're not happy about it. (Image credit: Lluis Gene/AFP/Getty Images)
Read more ...Arrest of Huawei 'heiress' throws rare spotlight on family
12 days ago - By Reuters
Like many top Chinese executives, Meng Wanzhou is a mysterious figure even in her home country, but the 46-year-old chief financial officer of Huawei Technologies had been widely tipped to one day take the helm of the tech giant her father founded.
Read more ...After Arrest In Canada, Huawei Executive Faces Extradition To U.S
12 days ago - By NPR
At the request of the U.S. government, Canadian authorities have arrested the chief financial officer, who also is the daughter of the founder of Chinese telecommunications giant Huawei.
Read more ...
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