Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 20, 2019. REUTERS/Brendan McDermid NEW YORK (Reuters) – Shares of technology companies helped lift Wall Street on Tuesday after the United States temporarily eased curbs on China’s Huawei Technologies Co Ltd, alleviating investor concerns about pressure on future
SHANGHAI (Reuters) – Shares in rare earth-related companies soared on Tuesday, led by jumps in Chinese producers a day after Chinese President Xi Jinping visited a rare earth firm in southern China, sparking speculation the sector could be the next front in the Sino-U.S. trade war. A villager shovels cast-off tailings of crushed mineral ore
(Reuters) – One of Tesla’s former biggest supporters on Wall Street said on Tuesday the electric carmaker’s shares could fall to $10 from nearly $200 now, if tensions with China escalate and sap demand for its cars. Shares of Tesla edged down, heading for their fifth straight session of losses, and bonds weakened, after Morgan Stanley analyst Adam
WASHINGTON (Reuters) – Three Democratic U.S. senators on Tuesday questioned a decision by Volkswagen AG’s U.S. unit to delay a union election for workers at its Tennessee assembly plant. The Volkswagen Chattanooga Assembly Plant in Chattanooga, Tennessee November 4, 2015. Volkswagen told NHTSA that it would recall about 92,000 vehicles, which are some 2015 and
(Reuters) – U.S. stocks rose on Tuesday, lifted by a rebound in technology stocks, as Washington’s move to temporarily ease curbs on China’s Huawei Technologies calmed nerves over a further worsening of a trade war between the two countries. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S.,
(Reuters) – U.S. drugmaker Merck & Co Inc on Tuesday agreed to buy Peloton Therapeutics Inc for $1.05 billion in cash, gaining access to the privately held company’s lead kidney cancer drug candidate. FILE PHOTO: The Merck logo is seen at a gate to the Merck & Co campus in Linden, New Jersey, U.S., July
TOULOUSE, France (Reuters) – Airbus hinted on Tuesday at a price battle to counter a possible new Boeing aircraft in the middle of the jet market, promising a “left hook, right hook” salvo from two of its well-established models. FILE PHOTO: Airbus Chief Commercial Officer Christian Scherer speaks during an interview with Reuters in his
(Reuters) – U.S. stock indexes were set to rise at the open on Tuesday, as concerns over a further escalation in the U.S.-China trade war eased after the United States temporarily relaxed curbs on China’s Huawei Technologies. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 20,
LONDON (Reuters) – Stocks markets gained on Tuesday, with chipmakers and stocks exposed to Asia among the best performers, after Washington temporarily eased trade restrictions imposed last week on China’s Huawei. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville In Europe, the
The logo of Huawei is pictured at a mobile phone shop in Singapore, May 21, 2019. REUTERS/Edgar Su BRUSSELS (Reuters) – Chinese telecoms equipment maker Huawei is working closely with Google to resolve restrictions imposed by the United States last week, a senior Huawei executive said on Tuesday. “They (Google) have zero motivation to block
TOULOUSE, France (Reuters) – Airbus held out the prospect of a clash over prices to counter any decision by Boeing (BA.N) to launch a new aircraft in the middle of the jet market, by promising a “left hook, right hook” counter-punch with two of its existing models. FILE PHOTO: The Airbus logo is pictured at
SEOUL (Reuters) – An international trade fair in North Korea this week may be the largest such event on record, analysts said on Tuesday, with hundreds of Chinese and other foreign vendors taking part despite sanctions pressure. FILE PHOTO: Vendors and visitors at the 21st Pyongyang Spring International Trade Fair at the Three-Revolution Exhibition House,
FILE PHOTO: A woman cycles past a Huawei store in Shenyang, Liaoning province, China March 20, 2019. REUTERS/Stringer (Reuters) – China’s Huawei believes Europe will not follow the United States in blacklisting the company because it has been a partner of European telecoms firms for many years, a top Huawei executive told an Italian newspaper.
TOKYO (Reuters) – Asian shares won some respite on Tuesday after Washington temporarily eased trade restrictions imposed last week on China’s Huawei, although fears of a further escalation in tensions kept investors on edge. FILE PHOTO: A man walks in front of a screen showing today’s movements of Nikkei share average outside a brokerage in
BEIJING (Reuters) – Toyota Motor Corp last month announced two deals in China that were small in size but large in strategic planning. FILE PHOTO: President of Toyota Motor Corporation Akio Toyoda speaks during the unveiling of the 2020 Toyota Supra during the North American International Auto Show in Detroit, Michigan, U.S., January 14, 2019.
(Reuters) – The U.S. government has temporarily eased trade restrictions imposed last week on China’s Huawei, a move aimed at minimizing disruption for its customers but dismissed by its founder who said the tech firm had prepared for U.S. action. FILE PHOTO: The logo of Huawei is seen at the high profile startups and high