Business & Finance News
Stock markets around the world sank on Thursday as the arrest of a top Chinese technology executive threatened to strain an already brittle U.S.-China trade relationship, while oil prices fell after OPEC delayed an output decision.
Oil fell nearly 3 percent in choppy trading on Thursday after OPEC and its allies ended a meeting without announcing a decision to cut crude output, and prepared to debate the matter the next day.
Broadcom Inc on Thursday reported fourth-quarter revenue and profit above analysts’ estimates, driven by strong demand for its enterprise storage and networking products, sending its shares up 6 percent in extended trading.
Canadian Prime Minister Justin Trudeau on Thursday said his government had no involvement in the arrest of a top executive from Chinese technology giant Huawei, who was detained at Vancouver airport.
Qualcomm Inc , the biggest supplier of chips for mobile phones, on Thursday pushed further into the PC market with a line of chips designed to power business machines.
A Brazilian federal court on Thursday granted an injunction blocking the proposed tie-up between planemakers Boeing Co and Embraer SA , according to a court document seen by Reuters.
Ride-hailing company Lyft Inc beat bigger rival Uber Technologies in filing for an initial public offering (IPO) on Thursday, defying the market jitters that threaten to upset a string of technology unicorns from going public next year.
Stock markets around world slid on Thursday as the arrest of a top Chinese technology executive cast further shadows on U.S.-China trade relations, while oil prices sank after OPEC delayed an output decision.
A Brazilian federal court on Thursday granted an injunction blocking the proposed tie-up between planemakers Boeing Co and Embraer SA , according to a court document seen by Reuters.
U.S. stocks fell on Thursday as the arrest of a top Chinese technology executive stirred fears of fresh tensions between the United States and China over trade, although Wall Street’s main indexes reduced steep losses from earlier in the session.
Canadian Prime Minister Justin Trudeau on Thursday said his government had no involvement in the arrest of a top executive from Chinese technology giant Huawei, who was detained at Vancouver airport.
The United States last week exported more crude oil and fuel than it imported for the first time on record, according to data released on Thursday, the same day OPEC ended a meeting without a decision to curb global output to balance out the historic surge in U.S. supply.
Boeing Co Chief Executive Officer Dennis Muilenburg said on Thursday he is hopeful that China and the U.S. are on a path to resolve their trade spat, on a day when global stocks fell on renewed fears of a trade war between the world’s two largest economies.
Chinese telecoms giant Huawei Technologies Co Ltd’s chief financial officer was arrested as part of a U.S. investigation into an alleged scheme to use the global banking system to evade U.S. sanctions against Iran, according to sources familiar with the situation.
The arrest in Canada of a top Chinese technology executive for possible extradition to the United States has roiled markets and cast doubt on a recent U.S.-China trade truce.
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