Global markets: Stocks jump after US and China renew trade talks
5 years, 6 months ago

Global markets: Stocks jump after US and China renew trade talks

CNN  

New York CNN Business — Global stocks rallied on Monday after the United States and China committed to resuming trade talks. President Donald Trump said over the weekend at the G20 summit in Japan that he would hold off on new tariffs on China and lift some restrictions on Chinese tech giant Huawei. “The US and China are likely headed for a moderate trade deal with the US focusing on verifiable steps,” said Sebastien Galy, a senior macro strategist at Nordea Asset Management. “The positive stance taken by the market is therefore warranted and the odds of another full blown conflict have moderated as the US administration is de-escalating,” he added Trump on Saturday appeared to reverse his hard line on Huawei, saying that “US companies can sell their equipment” to the company as long as the transactions don’t present a “national emergency problem.” The Trump administration had banned sales of US goods to Huawei without a license in May, putting the company under pressure.

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History of this topic

NYSE bans Chinese telecom stocks in second about-face of the week
4 years ago

NYSE bans Chinese telecom stocks in second about-face of the week

CNN  

London CNN Business — The New York Stock Exchange will delist three Chinese telecommunications stocks to comply with an executive order from the Trump administration — its second about-face on the issue this week. The exchange said Wednesday that it would end trading of shares in China Mobile, China Telecom and China Unicom on Jan. 11. The exchange first announced …

US exchange u-turn on Chinese telecom firms boosts Asian stocks
4 years ago

US exchange u-turn on Chinese telecom firms boosts Asian stocks

Al Jazeera  

Qatar stocks rise on deal with Saudi Arabia to reopen travel links, oil prices hold firm ahead of OPEC+ output decision. Asian stocks headed higher on Tuesday with Chinese stocks getting a boost after the New York Stock Exchange made a surprise about-turn on its decision to delist the shares of three of China’s biggest telecommunications companies. Shares rose despite …

US still eyeing ways to curb sales to Huawei after Trump's chipmaker comments: Report
4 years, 10 months ago

US still eyeing ways to curb sales to Huawei after Trump's chipmaker comments: Report

Firstpost  

US is discussing new restrictions aimed at limiting Huawei’s presence in the global telecommunications market were still in discussion. US government officials are still considering ways to further curb sales to China’s Huawei Technologies, despite President Donald Trump’s tweets and comments last week in support of sales to China, according to people familiar with the matter. An interagency meeting was …

Huawei CEO: We can survive an even tougher fight with the United States
4 years, 11 months ago

Huawei CEO: We can survive an even tougher fight with the United States

CNN  

Davos, Switzerland CNN Business — Huawei’s founder and CEO had a confident message for the business leaders and politicians gathering in Davos: His company can withstand even greater hostility from the United States. Despite a fragile truce between China and the United States on trade, with the “phase one” deal signed in Washington last week, the world’s two largest economies …

Janet Yellen: The US-China trade war isn’t over and a tech fight risks dividing the world
5 years ago

Janet Yellen: The US-China trade war isn’t over and a tech fight risks dividing the world

CNN  

Hong Kong CNN Business — The United States’ trade war with China is far from over, according to Janet Yellen, who is warning that unresolved tensions over technology could divide the world and slow the development of artificial intelligence and 5G. The former chair of the Federal Reserve said Monday at the Asian Financial Forum that the “phase one” trade …

Apple is selling again in China, but it won’t dethrone Huawei anytime soon
5 years ago

Apple is selling again in China, but it won’t dethrone Huawei anytime soon

CNN  

Hong Kong CNN Business — Apple saw a huge boost in iPhone sales in China last month, but embattled tech giant Huawei won’t giving up the top spot anytime soon. Most sales by Apple’s Chinese competitors are cheap smartphones — about 90% of Huawei’s handsets sold in China for the 12 months ended in September cost less than$600, according to …

Technology companies drive a broad rally on Wall Street after U.S. reprieve to Huawei
5 years, 4 months ago

Technology companies drive a broad rally on Wall Street after U.S. reprieve to Huawei

The Hindu  

Stocks marched broadly higher on Wall Street in midday trading Monday, building on solid gains from a rally late last week. Big department store chains also rose, recovering some of the ground lost last week after Macy’s slashed its profit forecast for the year. “Markets actually ended last week on a relatively good note so what we may actually be …

Huawei’s Latest Earnings Mask Its Trouble Outside China
55 years ago

Huawei’s Latest Earnings Mask Its Trouble Outside China

Wired  

Amid ongoing tension with the US government, Huawei put a good face on its half-year earnings report last week. American makers of chips and software curtailed sales to the Chinese company after Trump announced the sanctions in May, though the administration last month said it would allow sales to resume in cases “when there is no threat to national security.” …

Trade war: US and China agreed trade talks were ‘constructive’ but little else
5 years, 5 months ago

Trade war: US and China agreed trade talks were ‘constructive’ but little else

CNN  

Hong Kong CNN Business — US and Chinese trade negotiators have wrapped up two days of talks in Shanghai.And while both sides agreed that the latest discussions were “constructive,” there’s still no indication that the trade war will come to an end any time soon. China’s Ministry of Commerce called the talks “honest, efficient and constructive,” and added that the …

US-China trade war: Global economy dodges a bullet but isn’t out of danger
5 years, 6 months ago

US-China trade war: Global economy dodges a bullet but isn’t out of danger

CNN  

London CNN Business — Stocks and oil prices shot higher Monday after the United States and China announced a cease fire in their trade war. “The global economy has hit a rough patch: investment has weakened and trade has slowed significantly, with export and import growth rates at their lowest level since the great financial crisis,” IMF managing director Christine …

Trump hints at softer stance on China’s Huawei
5 years, 6 months ago

Trump hints at softer stance on China’s Huawei

Live Mint  

Osaka: President Donald Trump said on Saturday that US companies could sell equipment to Chinese telecom giant Huawei, indicating a potentially softer position on a key sticking point in the US-China trade war. "US companies can sell their equipment to Huawei," Trump told reporters in Osaka hours after sealing a tariff truce with Chinese President Xi Jinping at the G20 …

China, US to resume trade negotiations
5 years, 6 months ago

China, US to resume trade negotiations

India TV News  

Top officials from the US and China will resume negotiations to resolve the ongoing trade war between the two world powers, Chinese Commerce Ministry said on Thursday. Ministry's spokesman Gao Feng told reporters that the heads of the two economic and trade teams would hold trade talks according to instructions passed down from the Presidents of the two countries. Without …

China preparing to curb some technology exports to the US after Huawei ban: Report
5 years, 7 months ago

China preparing to curb some technology exports to the US after Huawei ban: Report

Firstpost  

In a tweet, the pro-CCP paper’s editor-in-chief Hu Xijin said that China “is building a management mechanism to protect China’s key technologies.” China is preparing to curb some technology exports to the United States, the chief editor of China’s Global Times newspaper said on Saturday. If enacted, the measures suggest Beijing would retaliate over US restrictions imposed on Shenzhen-based Huawei …

China is investigating FedEx after it diverted packages to the United States
5 years, 7 months ago

China is investigating FedEx after it diverted packages to the United States

CNN  

New York CNN Business — The Chinese government is investigating FedEx after Huawei said the delivery company diverted to the United States two packages intended for the company’s offices in China. Already on edge about Huawei and relations with the United States, Chinese government authorities issued a strong statement: FedEx’s action has “seriously harmed the legitimate rights and interests of …

China ramps up war of rhetoric in trade standoff with US
5 years, 7 months ago

China ramps up war of rhetoric in trade standoff with US

Associated Press  

BEIJING — Stepping up Beijing’s propaganda offensive in the tariffs standoff with Washington, Chinese state media on Friday accused the U.S. of seeking to “colonize global business” with moves against Huawei and other Chinese technology companies. At a daily briefing Friday, foreign ministry spokesman Lu Kang accused American politicians he didn’t name of “fabricating various lies based on subjective presumptions …

China asks US to correct 'wrong actions' for trade talks to continue after Huawei blacklist
5 years, 7 months ago

China asks US to correct 'wrong actions' for trade talks to continue after Huawei blacklist

Firstpost  

Huawei uses ARM blueprints to design the processors that power its smartphones. Beijing said Washington needs to correct its “wrong actions” for trade talks to continue after the U.S. blacklisted Huawei, a blow that has rippled through global supply chains and battered tech shares as investors feared a looming technology cold war. Its move came a day after British chip …

Global markets gain on Huawei grace period
5 years, 7 months ago

Global markets gain on Huawei grace period

Associated Press  

BEIJING — Most global stock markets rose Tuesday after the U.S. government issued a 90-day grace period on its order to bar U.S. firms from selling to Chinese telecom gear maker Huawei. The reprieve eases the immediate hit on U.S. suppliers and has at least temporarily quelled investors’ anxiety over the curbs on sales to Huawei, which had been dragging …

Trump’s war chokes all US supplies to Huawei
5 years, 7 months ago

Trump’s war chokes all US supplies to Huawei

Live Mint  

The impact of the Trump administration’s threats to choke Huawei Technologies Co. Ltd reverberated across the global supply chain on Monday, hitting some of the biggest component makers. Blocking the sale to Huawei of critical components could also disrupt the businesses of American chip giants like Micron Technology Inc. and retard the rollout of critical 5G wireless networks worldwide—including in …

Chinese shout 'Boycott Apple' as US goes after Huawei
5 years, 7 months ago

Chinese shout 'Boycott Apple' as US goes after Huawei

The Quint  

Beijing/San Francisco, May 19 As the Washington-Beijing trade war intensifies along with fresh restrictions on Chinese telecom giant Huawei in the US, there has been a significant rise in "Boycott Apple" movement in China. China has urged the US to stop "harassing overseas companies" and slammed US President Donald Trump's decision to sign a national emergency order that prohibits American …

No more Huawei in US? Trump blacklists Chinese telcos as 5G war intensifies
5 years, 7 months ago

No more Huawei in US? Trump blacklists Chinese telcos as 5G war intensifies

Live Mint  

Donald Trump ratcheted up his battle with China for dominance of 5G technology networks, moving to curb Huawei Technologies Co.’s access to the US market and American suppliers. The president signed an order Wednesday that’s expected to restrict Huawei and fellow Chinese telecommunications company ZTE Corp. from selling their equipment in the US Shortly afterward, the Department of Commerce said …

Trump throws more fuel on Europe’s Huawei nightmare
5 years, 7 months ago

Trump throws more fuel on Europe’s Huawei nightmare

CNN  

CNN — As if Europe didn’t have enough to worry about. Last month, Tom Tugenhadt, Conservative chair of the parliamentary Foreign Affairs Committee, said in allowing Huawei to build parts of the country’s 5G network “we will be nesting a dragon in the critical national infrastructure of the UK.” He accused May – in ignoring US and Australian advice against …

Huawei banned: US takes China trade war to dangerous new level
5 years, 7 months ago

Huawei banned: US takes China trade war to dangerous new level

CNN  

London CNN Business — Resolving the trade war between the United States and China just got harder. Then, on Wednesday, the United States dramatically escalated its fight against Huawei, the world’s largest telecoms equipment maker and one of China’s national champions. The Trump administration also added Huawei to the so-called Entity List of companies it says undermine American interests.That means …

Dow Jones futures and global stocks drop as US China trade war escalates
5 years, 8 months ago

Dow Jones futures and global stocks drop as US China trade war escalates

CNN  

New York CNN Business — Global stocks fell on Monday as the trade war between the United States and China escalated. That comes after the United States hiked tariffs from 10% to 25% on $200 billion worth of Chinese exports on Friday following a breakdown in trade talks between the world’s top two economies. Retaliation by China came as little …

Stocks will sink if the US-China trade war gets worse
5 years, 8 months ago

Stocks will sink if the US-China trade war gets worse

CNN  

London CNN Business — The trade war between the United States and China is back on. An ‘important moment’ Markets have whipsawed this week as investors tried to figure out whether President Donald Trump would follow through on his threat to hit China with higher tariffs. Kit Juckes, a strategist at Société Générale, warned that a halt to those discussions …

Huawei: US crackdown ramps up even as trade deal with China nears
5 years, 10 months ago

Huawei: US crackdown ramps up even as trade deal with China nears

CNN  

New York CNN Business — The United States and China could soon reach a deal on trade. In New York, US authorities are focused on alleged efforts by Meng and Huawei to deceive financial institutions and the US government about the company’s business in Iran. “After marching far down this road, putting Canada on the hot seat, and releasing documents …

Global markets: Shares edge higher on US-China trade deal hopes
5 years, 10 months ago

Global markets: Shares edge higher on US-China trade deal hopes

Live Mint  

London: Global markets rose on Monday amid growing optimism the US and China will reach a trade deal as soon as this month. US President Donald Trump and Chinese President Xi Jinping might seal a formal trade deal around 27 March, given progress in talks between the two countries, the Wall Street Journal reported on Sunday. Britain's parliament will vote …

US-China trade war: CSI 300 jumps after Trump delays tariff hike
5 years, 10 months ago

US-China trade war: CSI 300 jumps after Trump delays tariff hike

CNN  

Hong Kong CNN Business — Shanghai stocks just had their best day in more than three years after comments from the leaders of China and the United States brought investors piling back into the market. Some of the encouragement came from US President Donald Trump, who announced that he’ll delay a major tariff hike on Chinese exports in order to …

Huawei is crushing Apple in China, and the US is partly to blame
5 years, 11 months ago

Huawei is crushing Apple in China, and the US is partly to blame

CNN  

Hong Kong CNN Business — Huawei smartphones are killing the iPhone in China. Huawei’s China sales rocketed more than 20% in the final quarter of 2018, and experts say that’s partly due to the US government’s global campaign against the company. Huawei sold 30 million phones in China in the last three months of 2018, nearly three times as many …

U.S. Opens Trade Talks With China
5 years, 11 months ago

U.S. Opens Trade Talks With China

NPR  

Opens Trade Talks With China Enlarge this image toggle caption Mark Ralston/AFP/Getty Images Mark Ralston/AFP/Getty Images The Trump administration opened high-stakes trade talks with China on Wednesday. Talks began on the White House campus Wednesday morning with U.S. Trade Representative Robert Lighthizer sitting across the table from Chinese Vice Premier Liu He. But American negotiators are looking for more structural …

China slams US over ‘unreasonable crackdown’ on Huawei
5 years, 11 months ago

China slams US over ‘unreasonable crackdown’ on Huawei

CNN  

Beijing CNN Business — China has lashed out against the United States, accusing it of trying to “kill” Chinese businesses after US prosecutors indicted telecom giant Huawei on a slew of charges. “We strongly urge the US to stop its unreasonable crackdown on Chinese companies, including Huawei, and treat Chinese companies objectively and fairly,” Geng said Tuesday. Cezary Kowalski/SOPA Images/LightRocket …

Alibaba slams US treatment of Huawei, efforts to curb China’s rise
5 years, 11 months ago

Alibaba slams US treatment of Huawei, efforts to curb China’s rise

Live Mint  

A senior Alibaba executive slammed the United States' treatment of China's Huawei Technologies as "extremely unfair", saying measures by the country to curb the firm's access to their markets was "very politically motivated". Joe Tsai, the e-commerce giant's executive vice-chairman, also sharply criticised what he called an attempt by the US government to curb China's rise via a trade war. …

Opinion | The storyline behind Chinese paper spies in the house of tech
6 years ago

Opinion | The storyline behind Chinese paper spies in the house of tech

Live Mint  

Over the past few days, the global media has been fascinated by the goings on in the “secretive” Chinese telecom giant, Huawei Technologies. Even in India, a recent media report said a leading telecom industry body, The Telecom Equipment and Services Export Promotion Council, will ask the government to issue a ban on import of 5G telecom equipment made by …

US, China set to take action against each other as tensions rise
6 years, 1 month ago

US, China set to take action against each other as tensions rise

CNN  

Washington CNN — China and the US are set to take action against each other as tensions escalate over trade, cyber hacking and espionage as US senior law enforcement officials identified Beijing as the most serious threat to US national security on Wednesday. On Tuesday, Trump said the United States and China were having “very productive conversations” shortly after Treasury …

Foreign Pulse: Huawei case is a clash of economic ideologies
6 years, 1 month ago

Foreign Pulse: Huawei case is a clash of economic ideologies

Deccan Chronicle  

The arrest in Canada of Meng Wanzhou, chief financial officer of Chinese telecommunications behemoth Huawei, and the legal proceedings to extradite her to the United States on charges of violating American sanctions against Iran, constitute the perfect storm. A front-runner in Artificial Intelligence and 5G wireless patents, Huawei is the poster child of President Xi Jinping’s “China Dream” of an …

The US and China are talking trade despite the Huawei CFO’s arrest
6 years, 1 month ago

The US and China are talking trade despite the Huawei CFO’s arrest

CNN  

Hong Kong CNN — Trade talks between the United States and China are moving forward even though Beijing is fuming over the arrest of a top Chinese tech executive. China’s top trade negotiator, Vice Premier Liu He, spoke on the phone Tuesday with US Treasury Secretary Steven Mnuchin and US Trade Representative Robert Lighthizer, according to a statement from the …

Uneasy truce: on Huawei executive arrest
6 years, 1 month ago

Uneasy truce: on Huawei executive arrest

The Hindu  

The 90-day trade truce between China and the United States reached over the weekend on the sidelines of the G20 meet in Argentina is already proving to be fragile. Chinese telecommunications giant Huawei’s chief financial officer Meng Wanzhou was arrested recently by Canadian authorities, acting on an extradition request from the U.S. Ms. Wanzhou is the daughter of the company’s …

Huawei Finance Chief's Arrest Threatens To Inflame U.S.-China Tensions
6 years, 1 month ago

Huawei Finance Chief's Arrest Threatens To Inflame U.S.-China Tensions

NPR  

Huawei Finance Chief's Arrest Threatens To Inflame U.S.-China Tensions Enlarge this image toggle caption Lluis Gene/AFP/Getty Images Lluis Gene/AFP/Getty Images Just days after President Trump announced a "BIG leap forward" in relations between the U.S. and China, tensions between the two economic heavyweights are escalating once more. Sponsor Message The arrest came the same day as Trump's self-described "extraordinary" meeting …

Chinese tech executive’s arrest sends shudders through stock markets
6 years, 1 month ago

Chinese tech executive’s arrest sends shudders through stock markets

CNN  

Hong Kong CNN Business — The arrest of a top Chinese tech executive at the request of the United States has sent shock waves through stock markets. The main index in Hong Kong fell about 2.5% and Tokyo stocks closed down 1.9% on Thursday after Canada said Huawei’s chief financial officer, Meng Wanzhou, had been arrested in Vancouver and is …

US goes after Huawei even as Trump talks of China trade deal
6 years, 1 month ago

US goes after Huawei even as Trump talks of China trade deal

Live Mint  

Geneva: US President Donald Trump and Chinese leader Xi Jinping have indicated they are ready for a highly anticipated meeting at the Group of 20 summit in Argentina next week. The WTO report said “the estimated $481 billion in trade coverage of these measures imposed by G20 economies from mid-May to mid-October 2018 is more than six times larger than …

Markets shrug as US, China exchange blows in rising trade war
6 years, 3 months ago

Markets shrug as US, China exchange blows in rising trade war

Live Mint  

New York: It could’ve been worse. It’s that there are several reasons investors kept their cool: “The market had already largely priced in this round of tariffs,” said Shahab Jalinoos, Credit Suisse Group AG’s global head of FX trading strategy. “The market had anticipated the US would impose additional tariffs by the end of the month,” said Hiroaki Mino, a …

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