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Huawei will continue security support for Android smartphones

4 hours ago DieselGasoil Comments Off on Huawei will continue security support for Android smartphones
LONDON (Reuters) – Huawei said on Monday it would continue to provide security updates and services for its smartphones and tablets after being barred from Google updates to its Android operating system. A 3-D printed Android logo is seen in front of a displayed Huawei logo in this illustration picture May 20, 2019. REUTERS/Dado Ruvic/Illustration Read More

Chips are down: Huawei U.S. blacklisting knocks EU semiconductor stocks

5 hours ago DieselGasoil Comments Off on Chips are down: Huawei U.S. blacklisting knocks EU semiconductor stocks
LONDON (Reuters) – European chipmakers Infineon Technologies, AMS and STMicroelectronics fell sharply on Monday amid worries the Huawei Technologies suppliers may suspend shipments to the Chinese firm due to a U.S. crackdown. FILE PHOTO: The logo of semiconductor manufacturer Infineon is seen at its Austrian headquarters in Villach, Austria, June 3, 2018. REUTERS/Lisi Niesner STMicro Read More

China’s tech transfer problem is growing, EU business group says

6 hours ago DieselGasoil Comments Off on China’s tech transfer problem is growing, EU business group says
BEIJING (Reuters) – Cases of European firms forced to transfer technology in China are increasing despite Beijing saying the problem does not exist, a European business lobby said, adding that its outlook on the country’s regulatory environment is “bleak”. FILE PHOTO: An attendant walks past EU and China flags ahead of the EU-China High-level Economic Read More

Australian, Indian elections boost Asian shares, trade fears ease

6 hours ago DieselGasoil Comments Off on Australian, Indian elections boost Asian shares, trade fears ease
SHANGHAI (Reuters) – Asian shares clawed back some of last week’s losses as investors cheered apparent election wins for conservative incumbents in Australia and India, while broader global trade worries eased after Washington offered to lift some tariffs in North America. FILE PHOTO: A man looks at an electronic board showing the Nikkei stock index Read More

China’s farm stocks defy Sino-U.S. trade rout on local demand expectations

8 hours ago DieselGasoil Comments Off on China’s farm stocks defy Sino-U.S. trade rout on local demand expectations
SHANGHAI (Reuters) – The fresh escalation in the long-running Sino-U.S. trade dispute prompted a sharp selloff in Chinese markets last week with the yuan and banking and tech stocks hit particularly hard though some sectors, like farming, managed to outperform. FILE PHOTO: Investors look at screens showing stock information at a brokerage house in Shanghai, Read More

Deutsche Bank denies report it prevented Trump transactions being flagged

8 hours ago DieselGasoil Comments Off on Deutsche Bank denies report it prevented Trump transactions being flagged
FILE PHOTO: The Deutsche Bank headquarters are pictured in Frankfurt, Germany, April 25, 2019. REUTERS/Ralph Orlowski FRANKFURT (Reuters) – Deutsche Bank denied a report that said some of its executives rejected the advice of the bank’s own anti-money laundering specialists and prevented some transactions involving entities controlled by President Donald Trump and his son-in-law, Jared Read More

Bank staff flagged Trump, Kushner transactions for watchdog: NYTimes

8 hours ago DieselGasoil Comments Off on Bank staff flagged Trump, Kushner transactions for watchdog: NYTimes
WASHINGTON (Reuters) – Anti-money laundering specialists at Deutsche Bank AG recommended in 2016 and 2017 that multiple transactions involving entities controlled by President Donald Trump and his son-in-law, Jared Kushner, be reported to a federal financial-crimes watchdog, the New York Times reported on Sunday. FILE PHOTO: U.S. President Donald Trump passes his adviser and son-in-law Read More

Trade uncertainty darkens U.S. small caps outlook

9 hours ago DieselGasoil Comments Off on Trade uncertainty darkens U.S. small caps outlook
NEW YORK (Reuters) – Shares of smaller publicly listed U.S. companies have fallen more on recent U.S.-China trade tensions than larger corporations and could face an even rougher road as the year wears on unless the prospects for economic growth improve. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) Read More

Trump says tariffs making companies leave China, a deal can’t be ’50-50′

10 hours ago DieselGasoil Comments Off on Trump says tariffs making companies leave China, a deal can’t be ’50-50′
WASHINGTON (Reuters) – U.S. President Donald Trump said his tariffs on Chinese goods are causing companies to move production out of China to Vietnam and other countries in Asia, and added that any agreement with China cannot be a “50-50” deal. FILE PHOTO: Containers are seen at a port in Huaian, Jiangsu province, China May Read More

Asian shares steady after steep losses; Saudi comments lift oil

12 hours ago DieselGasoil Comments Off on Asian shares steady after steep losses; Saudi comments lift oil
SHANGHAI (Reuters) – Share markets in Asia got off to a steady start on Monday as investors tried to catch their breath following another week of escalating trade tensions between the United States and China. FILE PHOTO: A man looks at an electronic board showing the Nikkei stock index outside a brokerage in Tokyo, Japan, Read More