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- Bloomberg•9 minutes ago
Stocks, Yuan Rise After Huawei CFO Granted Bail: Markets Wrap
Futures on the S&P 500 Index jumped at the open after Canada ruled that Huawei’s chief financial officer, arrested at the behest of the U.S., can be released from jail. President Donald Trump added to the positive mood, telling Reuters that he’d consider intervening in the case if it helped get a China
- The Canadian Press•17 minutes ago
Huawei CFO gets bail; China detains ex-Canadian diplomat
A Canadian court granted bail on Tuesday to a top Chinese executive arrested at the United States' request in a case that has set off a diplomatic furor among the three countries and complicated high-stakes U.S.-China trade talks. Hours before the bail hearing in Vancouver, China detained a former
- The Canadian Press•17 minutes ago
AP: Ivanka, Kushner could profit from tax break they pushed
An Associated Press investigation finds President Donald Trump's daughter and son-in law stand to benefit from a program they pushed that offers massive tax breaks to developers who invest in downtrodden American areas. Ivanka Trump and Jared Kushner own a major stake in a real estate investment
Reuters•5 minutes agoTrump says would intervene in arrest of Chinese executive
"If I think it’s good for the country, if I think it’s good for what will be certainly the largest trade deal ever made – which is a very important thing – what’s good for national security – I would certainly intervene if I thought it was necessary,” Trump said in a wide-ranging interview with
- The Canadian Press•20 minutes ago
The Latest: Trump says he could intervene in Huawei case
President Donald Trump says he would consider intervening in the Justice Department's case against a top Chinese executive if it would be in the interest of U.S. national security and help forge a trade deal with China. A Canadian court granted bail on Tuesday to the top executive of Chinese telecommunications
- Bloomberg•27 minutes ago
Trump Picks Pence Economist to Lead Fannie-Freddie Regulator
Calabria is currently chief economist to Vice President Mike Pence. If confirmed by the Senate, he would replace Federal Housing Finance Agency Director Mel Watt, a Barack Obama-appointee who has led the watchdog since President Donald Trump took office.
- The Canadian Press•45 minutes ago
Ex-Bloomberg LP executive among those arrested in fraud case
The former head of construction at Bloomberg LP cooked up a lucrative side business, prosecutors say: an electrical contractor that he kept humming with $250 million worth of business from the global media and financial information company. Anthony Guzzone's "brainchild" was part of a
Reuters•45 minutes agoMcDonald's to curb antibiotic use in its beef supply
The move by the world's biggest fast-food chain addresses concerns that the overuse of antibiotics vital to fighting human infections in farm animals may diminish the drugs' effectiveness in people. McDonald's becomes the biggest beef buyer to tackle the issue in cattle, potentially creating
- The Canadian Press•49 minutes ago
Official: California must mull home ban in fire-prone areas
California's increasingly deadly and destructive wildfires have become so unpredictable that government officials should consider banning home construction in vulnerable areas, the state's top firefighter says. Department of Forestry and Fire Protection Director Ken Pimlott will leave his job
Reuters•49 minutes agoExclusive: Trump says he could intervene in U.S. case against Huawei CFO
Huawei's Chief Financial Officer Meng Wanzhou was arrested in Canada Dec. 1 and has been accused by the United States of misleading multinational banks about Iran-linked transactions, putting the banks at risk of violating U.S. sanctions. When asked if he would intervene with the Justice Department
- Bloomberg•32 minutes ago
Why Uber Chose Morgan Stanley to Lead Its IPO
Dec.11 -- Uber Technologies Inc. has selected Morgan Stanley to lead its public offering next year, according to two people familiar with the matter, meaning the investment bank will reap a larger share of the fees associated with a listing valuing the company at as much as $120 billion. Bloomberg'
Reuters•57 minutes agoNJ Transit to decide on Bombardier order worth up to $3.6 billion
The deal also includes options for up to 636 vehicles for New Jersey and an additional 250 cars for the Southeastern Pennsylvania Transportation Authority (SEPTA) worth a total of $3.6 billion if fully exercised, according to an executive director's report attached to the agenda. The agenda confirmed
Reuters•58 minutes agoCanadian dollar firms as market weighs trade and political signals
The S&P 500 gave up some gains after U.S. President Donald Trump's threat to shut down the government over funding for a border wall undid the boost to markets from optimism over China-U.S. trade talks. "The market has been whipped around by trade uncertainty and the overall equity moves today
- Bloomberg•1 hour ago
Gundlach Says the Bond Market Thinks Rate Hikes Are Unlikely in 2019-2020
A global equity sell-off that’s seen major U.S. stock indexes erase 2018 gains has pushed benchmark 10-year Treasury yields to 2.88 percent, close to the lowest level since August. While that rally should be stronger given the magnitude of the equity-market turmoil, crisis-era debt supply levels are
Reuters•1 hour agoCanadian court grants bail to CFO of China's Huawei
Meng Wanzhou, 46, Huawei's chief financial officer and the daughter of its founder, faces U.S. accusations that she misled multinational banks about Iran-linked transactions, putting the banks at risk of violating U.S. sanctions. Justice William Ehrcke at a court hearing in Vancouver, British Columbia
- The Canadian Press•1 hour ago
Michigan Legislature passes Great Lakes oil pipeline bill
The Michigan Legislature approved a bill Tuesday that would allow the replacement of a 65-year-old oil pipeline in a key Great Lakes waterway, voting to create a state authority that would oversee the construction of a tunnel to encase a new segment of pipe. Most Republicans in the GOP-controlled chambers
- The Canadian Press•1 hour ago
US military's Aegis system intercepts test missile in Hawaii
The U.S. military's land-based Aegis missile defence system has intercepted an intermediate range ballistic missile in a test near Hawaii. The Missile Defence Agency said Monday's test showed an interceptor missile the military is developing with Japan is ready to be manufactured. The Navy
- Bloomberg•1 hour ago
Huawei CFO Gains Bail in Canada as U.S. Seeks Extradition
Justice William Ehrcke of the British Columbia Supreme Court agreed to release Meng after four former colleagues and friends joined her husband in pledging a combined C$10 million ($7.5 million) in cash and home equity to support her bail request. Meng, 46, will be subject to surveillance at her Vancouver
- The Canadian Press•1 hour ago
Christmas tree farmers aim to boost sales via social media
Rosa Villarreal's three young sons jumped and ran around the field of Christmas trees like jackrabbits, their excitement palpable as they raced from evergreen to evergreen. The boys, ages 2, 4 and 6, were picking out a real tree this year — a new tradition their young parents hope will create lasting
Reuters•1 hour agoAsia stocks cautious, pound pummeled by politics
By Wayne Cole SYDNEY (Reuters) - Asian markets faced a fraught session on Wednesday as conflicting reports deepened confusion over Sino-U.S. trade, while sterling was battered by talk of an imminent party coup against British Prime Minister Theresa May. Investors also had a wary eye on events in Strasbourg
Reuters•1 hour agoGoogle has 'no plans' to launch Chinese search engine: CEO
Lawmakers and Google employees have raised concerns the company would comply with China's internet censorship and surveillance policies if it re-enters the Asian nation's search engine market. Google's main search platform has been blocked in China since 2010, but the Alphabet Inc unit has
- The Canadian Press•1 hour ago
Ex-diplomat who worked on Trudeau's Hong Kong visit detained in China
Prime Minister Justin Trudeau says his government has contacted Chinese authorities about the detention of a sometime Canadian diplomat in China at a time of intensifying tensions between the two countries. Trudeau spoke briefly to reporters Tuesday about the unexplained case of Michael Kovrig, an international-affairs
- The Canadian Press•1 hour ago
Sting uses fake Amazon boxes, GPS to catch would-be thieves
The explosion in online shopping has led to porch pirates and stoop surfers swiping holiday packages from unsuspecting residents. The cops in one New Jersey city are trying to catch the thieves with some trickery of their own. Police in Jersey City, across the Hudson River from New York, are teaming
- The Canadian Press•1 hour ago
Former Cuomo economic guru sentenced to prison
The former head of the State University of New York's Polytechnic Institute was sentenced Tuesday to 3 1/2 years in prison for his role in corrupting the state's Buffalo Billion project. Alain Kaloyeros, 62, was sentenced in Manhattan federal court by Judge Valerie E. Caproni, who noted that
- Bloomberg•57 minutes ago
Google Is in a 'Tough Spot' Regarding China, Techonomy CEO Says
Dec.11 -- David Kirkpatrick, Techonomy founder and chief executive officer, and Bloomberg's Mark Bergen discuss Google Chief Executive Officer Sundar Pichai's testimony before Congress about working with China officials. They speak with Bloomberg's Emily Chang on "Bloomberg Technology
