U.S. stock futures tumbled on Thursday and Asian markets looked set to follow after Canadian authorities arrested a top executive of Chinese tech giant Huawei Technologies, fanning fears of further tensions between China and the United States.
Canada has arrested 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.
Canada has arrested Huawei’s global chief financial officer in Vancouver, where she is facing extradition to the United States on suspicion she violated U.S. sanctions against Iran, the Globe and Mail newspaper reported on Wednesday.
Ohio’s U.S. senators on Wednesday pressed General Motors Co Chief Executive Mary Barra to shift production from Mexico or build electric vehicles in a U.S. plant in their state that the automaker has said it intends to close.
Australia’s parliament is poised on Thursday to pass laws requiring tech firms such as Alphabet Inc’s Google , Facebook and Apple to give police access to private encrypted data linked to suspected illegal activities.
Yum Brands Inc on Wednesday forecast same-store sales growth of 2 percent to 3 percent for fiscal 2019 and said it would reduce Pizza Hut’s dine-in operations as it sharpens its focus on delivery.
Private equity firm Blackstone Group LP is readying an initial public offering (IPO) of Alight Solutions LLC, a U.S. provider of healthcare and retirement benefits services that could be valued at more than $7 billion, including debt, according to people familiar with the matter.
Facebook Inc let some companies, including Netflix and Airbnb, access users’ lists of friends after it cut off that data for most other apps around 2015, according to documents released on Wednesday by a British lawmaker investigating fake news and social media.
Ford Motor Co is offering buy-outs to staff at its moribund plant in Venezuela to reduce its payroll, two union leaders said, as the U.S. automaker seeks to streamline its money-losing South America operations.
The U.S. government confirmed that Saudi Energy Minister Khalid al-Falih met with U.S. special representative for Iran Brian Hook in Vienna on Wednesday, contradicting a Saudi denial that the talks had taken place.
Albemarle Corp has launched an aggressive lobbying campaign after Chilean regulators denied its request to boost lithium output, stressing the company’s importance to Chile’s economy and workers, according to records reviewed by Reuters.
Oil prices dipped on Wednesday ahead of a meeting of the world’s biggest exporters, who will discuss cutting output to help shore up prices and curb excess supply.
General Motors Co Chief Executive Mary Barra arrived on Capitol Hill on Wednesday for two days of meetings with lawmakers who are angry over the Detroit automaker’s decision to close five North American assembly plants and cut nearly 15,000 jobs.
Citigroup Inc chief financial officer John Gerspach said the bank expects market revenue in the current quarter to be slightly lower from last year.
Leading global oil traders Vitol, Trafigura and Glencore paid more than $30 million in bribes to employees at state-owned Brazilian company Petrobras in a scheme that may still be going on, prosecutors said on Wednesday.
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