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Trump agrees to prompt responses to license requests for Huawei sales

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WASHINGTON (Reuters) – President Donald Trump agreed at a meeting with the heads of top technology companies like Google on Monday to make “timely” decisions on requests by U.S. companies to sell to blacklisted Huawei Technologies Co Ltd, the White House said. But even as the CEOs of the companies “requested timely licensing decisions from Read More

Trump meets with tech CEOs on Huawei

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WASHINGTON (Reuters) – U.S. President Donald Trump met on Monday with the chief executives of seven technology companies and he agreed with their request for timely licensing decisions from the Commerce Department on blacklisted Chinese firm Huawei Technologies, the White House said. “The CEOs expressed strong support of the President’s policies, including national security restrictions Read More

Trump expected to attend White House tech meeting where Huawei will be discussed: sources

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WASHINGTON (Reuters) – U.S. President Donald Trump is expected to drop in on a Monday meeting of top technology companies, including the chief executives of Intel Corp and Broadcom Inc, held to discuss blacklisted Huawei Technologies Co Ltd and other topics, two people briefed on the matter said. FILE PHOTO: U.S. President Donald Trump Read More

Wall Street gains as earnings season gathers steam

2 days ago DieselGasoil Comments Off on Wall Street gains as earnings season gathers steam
(Reuters) – U.S. stocks rose on Monday, lifted by technology companies, as investors eyed fresh U.S.-China trade developments during a busy week of corporate earnings with results from marquee names including Facebook and Amazon on tap. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July 16, 2019. Read More

Wall St. set to open higher as earnings season gathers steam

2 days ago DieselGasoil Comments Off on Wall St. set to open higher as earnings season gathers steam
(Reuters) – Wall Street’s main indexes were set to open higher on Monday as investors eyed fresh trade developments between the United States and China during a busy week of corporate earnings, with results from marquee names including Facebook and Amazon on tap. Traders work on the floor at the New York Stock Exchange (NYSE) Read More

White House to host meeting with tech executives on Huawei ban: sources

4 days ago DieselGasoil Comments Off on White House to host meeting with tech executives on Huawei ban: sources
WASHINGTON (Reuters) – White House economic adviser Larry Kudlow will host a meeting with semiconductor and software executives on Monday to discuss the U.S. ban on sales to China’s Huawei Technologies Co Ltd, two sources briefed on the meeting said on Friday. A Huawei logo is pictured at their store at Vina del Mar, Chile Read More

Japan-South Korea gloom spurs worries of ‘never seen before’ chip price spike

6 days ago DieselGasoil Comments Off on Japan-South Korea gloom spurs worries of ‘never seen before’ chip price spike
SEOUL (Reuters) – Memory chip spot prices have risen for the first time this year, indicating grim warnings of “never seen before” spikes and a supply disruption could come to pass as a dispute between South Korea and Japan drags on. FILE PHOTO: Memory chip parts of U.S. memory chip maker MicronTechnology are pictured at Read More

Futures flat as investors weigh bank results

7 days ago DieselGasoil Comments Off on Futures flat as investors weigh bank results
(Reuters) – Worries about the balance of monetary policy and growth kept U.S. stock futures flat on Wednesday, subduing the impact of solid results from Bank of America and a boost for chipmakers from Dutch company ASML. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July 1, Read More

Exclusive: U.S. firms may get nod to restart Huawei sales in two-four weeks – official

1 week ago DieselGasoil Comments Off on Exclusive: U.S. firms may get nod to restart Huawei sales in two-four weeks – official
WASHINGTON (Reuters) – The U.S. may approve licenses for companies to re-start new sales to Huawei in as little as two weeks, according to a senior U.S. official, in a sign President Donald Trump’s recent effort to ease restrictions on the Chinese company could move forward quickly. A woman walks in front of the Huawei Read More

Exclusive: U.S. firms may get nod to restart Huawei sales in 2-4 weeks – official

1 week ago DieselGasoil Comments Off on Exclusive: U.S. firms may get nod to restart Huawei sales in 2-4 weeks – official
WASHINGTON (Reuters) – The U.S. may approve licenses for companies to re-start new sales to Huawei in as little as two weeks, according to a senior U.S. official, in a sign President Donald Trump’s recent effort to ease restrictions on the Chinese company could move forward quickly. A woman walks in front of the Huawei Read More