U.S. stock futures and Asian shares tumbled on Thursday after Canadian authorities arrested a top executive of Chinese tech giant Huawei for extradition to the United States, feeding fears of a fresh flare-up in tensions between the two superpowers.
Oil prices fell on Thursday as stock markets slid, but trading was tepid in the countdown to an OPEC-meeting expected to result in a supply cut aimed at draining a glut that has pulled down crude by 30 percent since October.
A section of the U.S. Treasury yield curve has moved into inversion. Here is what that means.
Part of the U.S. Treasury yield curve “inverted” this week, setting off debate over whether it is delivering a classic signal of oncoming recession or it has just developed a short-term kink that can be explained away by technical reasons.
The daughter of Chinese tech giant Huawei’s founder has been arrested in Canada and is facing extradition to the United States, dealing a blow to hopes of any easing of Sino-U.S. trade tensions and rocking global stock markets.
Oil prices fell along with weak stock markets on Thursday, but trading was tepid ahead of a meeting by producer group OPEC that is expected to result in a supply cut aimed at draining a glut that has pulled down crude prices by 30 percent since October.
OPEC and Russia moved closer on Wednesday to agreeing cuts in oil production from next year despite pressure from U.S. President Donald Trump to reduce the price of crude.
U.S. stock investors are wary that a 30 percent slump in oil prices will pressure corporate profits while also presenting a sign of weakness in global growth at a time they are already weighing when the long economic expansion will end.
Nissan Motor Co has found more cases of improper testing of vehicles in Japan and is considering recalling affected cars, the Nikkei reported on Thursday.
Canada has arrested Chinese telecoms giant Huawei’s global chief financial officer in Vancouver, where she is facing extradition to the United States, Canada’s Department of Justice said on Wednesday.
The Australian parliament’s lower house passed a bill to force tech firms such as Alphabet Inc’s Google , Facebook and Apple to give police access to encrypted data on Thursday, pushing it closer to becoming a precedent-setting law.
The Australian parliament’s lower house passed a bill to force tech firms such as Alphabet Inc’s Google , Facebook and Apple to give police access to encrypted data on Thursday, pushing it closer to becoming a precedent-setting law.
Oil prices fell along with weak stock markets on Thursday, but trading was tepid ahead of a meeting by producer group OPEC that is expected to result in a supply cut aimed at draining a glut that has pulled down crude prices by 30 percent since October.
China’s embassy in Canada criticized Canada and the United States on Thursday for wrongfully arresting a senior executive at Chinese telecoms giant Huawei [HWT.UL] and demanded her immediate release.
Uber Technologies Inc’s is plotting the return of its self-driving cars, but the company known for its hard-charging style is taking a much more conservative approach as it tries to recover from a fatal accident that upended its autonomous vehicle program.
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