Business News

Japanese airline ANA Holdings Inc is set to order 18 Airbus SE A320neo jets, a source familiar with the matter said on Tuesday.

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The United States imposed sanctions on Venezuela’s oil exports on Monday, a major escalation in its support for opposition leader Juan Guaido’s bid to oust socialist President Nicolas Maduro.

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The United States on Monday announced criminal charges against China’s Huawei Technologies Co Ltd, escalating a fight with the world’s biggest telecommunications equipment maker and coming days before trade talks between Washington and Beijing.

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Pressure mounted on Venezuelan President Nicolas Maduro on Monday when the United States sanctioned the economically collapsing country’s key oil exports, in a bid to boost opposition leader Juan Guaido’s plans to hold new elections.

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U.S. Treasury Secretary Steven Mnuchin said on Monday the United States expects significant progress this week in trade talks with Chinese Vice Premier Liu He, but the two sides will be tackling “complicated issues”, including how to enforce any deal.

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China expressed serious concern on Tuesday after the United States announced criminal charges against Huawei Technologies Co Ltd and its chief financial officer, Meng Wanzhou, for allegedly conspiring to violate U.S. sanctions on Iran.

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Japan’s ANA Holdings confirmed on Tuesday that it was considering an order of Boeing Co jets, after Reuters earlier reported that it was close to buying 30 of the new 737 MAX jets in a deal worth $3.5 billion.

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The U.S. government’s indictments against Huawei Technologies Co Ltd are unfair and immoral, a spokesman for China’s industry and information technology ministry said on Tuesday.

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Facebook Inc’s photo-sharing social network Instagram said on Monday the service is fully functional now after an issue that caused an outage for some users was resolved.

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U.S. refiners on Monday said they would comply with the Trump administration’s new sanctions on dealings with Venezuelan state-run oil company Petroleos de Venezuela (PDVSA) and take steps to lessen any impacts on consumers.

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The Trump administration on Monday imposed sweeping sanctions on Venezuelan state-owned oil firm PDVSA, aimed at severely curbing the OPEC member’s crude exports to the United States and at pressuring socialist President Nicolas Maduro to step down.

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Wynn Resorts said it has agreed to an undisclosed settlement in response to a disciplinary complaint filed by the Nevada Gaming Control Board following a series of sexual misconduct claims against former chief executive Steve Wynn.

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Venezuela’s state-run company oil company, PDVSA, hit by U.S. sanctions on Monday, ordered customers with tankers waiting to load Venezuelan crude bound for the United States to pay for the cargoes before they depart, three sources with knowledge of the decision told Reuters.

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California utility owner PG&E Corp is preparing to name a restructuring chief as it finalizes preparations for a bankruptcy filing expected to come as soon as early Tuesday morning, people familiar with the matter said.

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Facebook Inc’s photo-sharing social network Instagram on Monday said its network was down for some users.

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