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Canada denies sharing Huawei CFO Meng’s devices details with FBI: court documents

The Canadian attorney general has filed affidavits asserting that information identifying Huawei Chief Financial Officer Meng Wanzhou’s electronic devices was not shared with the United States Federal Bureau of Investigation (FBI) during her December 2018 arrest in Vancouver, court documents showed on Thursday.

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Alibaba, Tencent Rated 'Buy' at Haitong International, Leung Says

Oct.31 — Billy Leung, director of equity research at Haitong International, talks about Chinese internet stocks including Alibaba Group Holding Ltd. and Tencent Holdings Ltd. Alibaba is deciding between launching a sharply reduced $10 billion Hong Kong share sale in November or delaying the deal till next year as global uncertainty mounts, people familiar with the matter say. Leung speaks with Shery Ahn and Paul Allen on “Bloomberg Daybreak: Asia.” …read more […]

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Mineral Resources, Albemarle pause Wodgina output on weak lithium market

Australia’s Mineral Resources Ltd said on Friday its newly formed joint venture with Albemarle Corp had decided to pause operations at the Wodgina Project due to “challenging” lithium market conditions. Australian lithium producers had earlier this year flagged weak market conditions for the rest of 2019 amid reduced demand from Chinese customers after a change in the country’s electric vehicle subsidies, and global trade tensions. Mineral Resources, which today concluded the sale of a 60% interest in Wodgina to Albemarle, said the transition to care and maintenance at the project would take about four weeks. …read more […]

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Business News

Exclusive: Government officials around the globe targeted for hacking through WhatsApp – sources

Senior government officials in multiple U.S.-allied countries were targeted earlier this year with hacking software that used Facebook Inc’s WhatsApp to take over users’ phones, according to people familiar with the messaging company’s investigation.

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Colombia's Grupo Aval to buy Multibank Financial Group

Grupo Aval, Colombia’s largest financial conglomerate, said on Thursday it had agreed to buy Panama’s Multibank Financial Group (MFG), giving it a higher profile in Central America. The transaction – which Aval will conduct through its subsidiary Banco de Bogota – will close in the second quarter of 2020, after completing a regulatory process, the company said in a statement to Colombia’s financial regulator. “This attractive transaction is complementary to the type of businesses that the company already participates in in Panama,” Grupo Aval president Luis Carlos Sarmiento said in the statement. …read more […]