Getting caught up with Huawei—Part 1 the issues

U.S. 05/23/19, 09:37

Huawei, has the third largest market share of smartphones worldwide, after Samsung and Apple. But for all its success on the world stage, it has not done well in the United States. But the world's second-biggest manufacturer of smartphones has just 2.4 percent of the mobile market share in the United ...

Asian shares slip as US-China spat takes center stage

Business 05/22/19, 22:35

Asian markets were broadly lower on Thursday as traders focused on tensions between the U.S. and China and braced for the impact of their tariff hikes. The Shanghai Composite index retreated 0.6% to 2,873.70 and Hong Kong's Hang Seng tumbled 1.2% to 27,376.69. The Kospi in South Korea was 0.2% lower ...

Markets Right Now: Stocks fall on trade, Qualcomm ruling

Business 05/22/19, 11:05

The latest on developments in financial markets (all times local): 11:55 a.m. Stocks are lower at midday Wednesday as investors eye developments in the U.S.-China trade dispute. Tech stocks declined. Efforts by the Trump administration to restrict technology sales to Chinese companies have caused volatility in shares of technology companies this week, particularly ...

China cuts taxes to spur chip makers in face of US pressure

Business 05/22/19, 05:56

China is cutting taxes on its fledgling software and integrated circuit industries as U.S. export controls threaten to handicap Chinese tech companies. The Finance Ministry's announcement Wednesday comes amid a spiraling tariff war with Washington over Chinese technology ambitions. Most smartphones, tablet computers and other electronics are assembled in China. But its ...

Will Huawei lose its No. 2 ranking?

Business 05/21/19, 15:12

Huawei could quickly lose its grip on its No. 2 ranking in worldwide cellphone sales after Google announced it would comply with U.S. government restrictions meant to punish the Chinese tech powerhouse. Anoshua Chaudhuri an economics professor at San Francisco State University said, "If they put a company on the entity ...

Google to comply with Huawei ban

U.S. 05/21/19, 12:05

Alphabet's Google has made it public that it will comply with President Trump's executive decision to ban Huawei from doing business with U.S. firms. Last week President Trump signed an executive order prohibiting certain kinds of technologies from being used in the USA from countries the USA deemed threats. The ban is ...

Huawei could be stripped of Google services after US ban

Business 05/20/19, 13:17

Huawei could lose its grip on the No. 2 ranking in worldwide cellphone sales after Google announced it would comply with U.S. government restrictions meant to punish the Chinese tech powerhouse. The Trump administration move, which effectively bars U.S. firms from selling components and software to Huawei, ups the ante in ...

Asian shares mixed as Huawei sanctions stir trade fears

Business 05/17/19, 01:57

Asian stocks were mixed on Friday amid worries that U.S. economic sanctions on Huawei may cast a pall on trade negotiations with China. These fears weighed heavily on Chinese benchmarks. The Shanghai composite gave up 2.7% to 2,876.90. Hong Kong's Hang Seng lost 1.2% to 27,932.31 and the A-share index on ...

Update: Germans, Dutch won’t ban Huawei despite US move

Europe 05/16/19, 08:49

The Latest on trade tensions between the U.S. and China (all times local): 9:45 p.m. The German and Dutch leaders are making clear that they don't plan to change their stance on Chinese telecommunications company Huawei following an executive order by the Trump administration apparently aimed at banning its equipment from U.S. ...

Global stocks mixed after Trump signs telecoms order

Business 05/16/19, 05:19

Global shares are mixed after President Donald Trump signed an order imposing controls on exports to foreign telecoms companies that apparently was aimed at Chinese equipment makers. France's CAC 40 slipped nearly 0.2% to 5,364.35 in early trading, while Germany's DAX fell 0.5% to 12,043.09. Britain's FTSE 100 lost 0.1% to ...

Diplomats visit Canadian think tank expert in China custody

China 05/14/19, 08:44

Diplomats have visited a Canadian think tank expert whose detention in China is believed to be an attempt to pressure Canada to release Huawei executive Meng Wanzhou. Canadian consular officials visited with Michael Kovrig on Monday, the country's diplomatic service said in an emailed message. No details were given in keeping ...

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