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China blames Canada for difficulties in relationship, demands Huawei exec be freed

China's embassy in Canada said on Thursday that bilateral ties were suffering "gross difficulties," and demanded Ottawa free Huawei Technologies Co Ltd Chief Financial Officer Meng Wanzhou.



5 years ago

Fed's Powell, under pressure, likely to stick to 'mid-cycle' message

Federal Reserve Chair Jerome Powell comes to this year's meeting of central bankers in Jackson Hole, Wyoming, caught between discord within the U.S. central bank over appropriate monetary policy and mounting outside pressure for more interest rate cuts.



5 years ago

U.S. transport chief names aviation safety advisory panel

U.S. Transportation Secretary Elaine Chao on Thursday named 22 people to a new panel that will advise the department on aviation safety oversight and certification programs as the Federal Aviation Administration continues to grapple with the fallout from two fatal Boeing 737 MAX crashes.



5 years ago

Alibaba postpones up to $15 billion Hong Kong listing amid protests: sources

China's biggest e-commerce company Alibaba Group Holding Ltd has delayed its up to $15 billion listing in Hong Kong amid growing political unrest in the Asian financial hub, two people with knowledge of the matter told Reuters.



5 years ago

Japan, U.S. ministers meet for trade talks as hopes for early deal fade

Japan and the United States will seek to narrow gaps on trade when their top negotiators meet this week, but hopes for a deal in September are fading as both sides fail to make concessions on agriculture and automobiles, sources say.



5 years ago

Exclusive: Philips, under investigation in U.S. and Brazil, fired whistleblower who warned of graft

Healthcare giant Philips was warned of suspicious sales of its medical equipment to the Brazilian government, and failed to halt them, nearly a decade before an alleged bribery racket was exposed in the company's Brazil operations last year, Reuters has learned.



5 years ago

Xiaomi growth slows as fewer people buy phones, Huawei competition bites

Chinese smartphone maker Xiaomi Corp posted its slowest revenue growth as a public company, missing analysts' estimates, as it lost market share to Huawei and customers held on to their phones before a 5G refresh.



5 years ago

Caution grips Asian shares as Fed events loom large

Asian shares flatlined on Wednesday as worries about global recession and endless trade wars wrestled with hopes for more monetary and fiscal stimulus to keep growth going.



5 years ago

Goldman moves to take majority control of China joint venture

Goldman Sachs has applied for majority control of its Chinese joint venture, the bank confirmed on Wednesday, the latest international bank to do so ahead of Chinese plans to eventually allow foreigners full control.



5 years ago

Citigroup, BNP caught up in U.S. case against Huawei CFO: documents

U.S.-based Citigroup and French bank BNP Paribas are caught up in the U.S. criminal case against the chief financial officer of China's Huawei Technologies, according to newly available documents.



5 years ago

Norwegian wealth fund buoyed by U.S. tech giants

Norway's $1.1 trillion sovereign wealth fund, the world's largest, benefited from a strong finish to the second quarter to post a 3% return on investment, buoyed by U.S. tech giants Microsoft and Facebook.



5 years ago

DHL stops deliveries for Amazon Fresh in Germany

Deutsche Post DHL will no longer deliver fresh food in Germany for Amazon as demand for the service launched in 2017 has been disappointing, a spokeswoman said on Wednesday.



5 years ago

Exclusive: Humbled Noble Group seeks to rebuild LNG, energy businesses: sources

Noble Group Holdings (Noble Holdings) plans to rebuild its liquefied natural gas (LNG) and core energy businesses and develop rare earths as it seeks new life as a niche, Asia-focused commodity trader, sources aware of the matter said.



5 years ago

European stocks recover before Fed minutes, Jackson Hole gathering

European stocks opened higher on Wednesday as hopes for more monetary and fiscal stimulus helped assuage worries about global recession, political turmoil in Italy and endless trade wars.



5 years ago

Resale clothing company thredUP gets $175 million in funding

Online resale store thredUP said on Wednesday it received $175 million in funding which it will use to expand its platform to offer resale clothing services to retailers.



5 years ago