Latest Huawei Technologies Co Ltd News

China suspends imports from Canadian pork company

Jun. 18, 2019 6:53 AM EDT

BEIJING (AP) — China will halt imports from a Canadian company after food safety issues were detected in one batch of pork, the Xinhua state news agency reported Tuesday, a move likely to fuel speculation that China is retaliating against Canada for arresting a Chinese tech executive. After Canada arrested...

Why US-China trade war risks hurting firms in both countries

Jun. 17, 2019 1:33 PM EDT

WASHINGTON (AP) — U.S. businesses are imploring President Donald Trump not to expand his tariffs to $300 billion in goods from China that have so far been spared in his trade war with Beijing. These companies warn that the additional tariffs would drive up prices for consumers, squeeze profits and leave...

Huawei says US sanctions will cost it billions in revenue

Jun. 17, 2019 11:56 AM EDT

SHENZHEN, China (AP) — Huawei's founder said Monday that the Chinese telecom giant's revenue will be $30 billion less than forecast over the next two years, as he compared the company to a "badly damaged plane" as a result of U.S. government actions against it. "We never thought that the U.S.'s...

The Latest: Ren says of US-Huawei fight 'no one will win'

Jun. 17, 2019 2:59 AM EDT

SHENZHEN, China (AP) — The Latest on China's Huawei (all times local): 2:50 p.m. Huawei's founder says it never occurred to the Chinese technology company that the U.S. government would be so determined to take extreme measures against it. Ren Zhengfei said Monday, "I think both sides will suffer. No one...

Huawei's founder says tech company was surprised by determination of U.S. to take 'extreme' measures against it

Jun. 17, 2019 2:51 AM EDT
SHENZHEN, China (AP) — Huawei's founder says tech company was surprised by determination of U.S. to take 'extreme' measures against it.

Huawei founder likens company to badly damaged plane, says revenue will be $30 billion below forecast over next 2 years

Jun. 17, 2019 2:41 AM EDT
SHENZHEN, China (AP) — Huawei founder likens company to badly damaged plane, says revenue will be $30 billion below forecast over next 2 years.

Stocks post small losses; investors look ahead to Fed

Jun. 14, 2019 5:02 PM EDT

NEW YORK (AP) — Stocks ended a choppy week of trading with modest losses Friday as investors look forward to getting more clues about the direction of interest rates. Technology shares drove the declines, and energy stocks also fell a day after leading the market. Some late-day gains in banks and insurers...

Markets Right Now: Stocks fall on fresh concerns about trade

Jun. 14, 2019 4:12 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4:00 p.m. Stocks are finishing lower Friday amid more concerns about the business impact of the U.S.-China trade dispute. Technology shares dropped after chipmaker Broadcom reduced its 2019 revenue forecast by $2 billion,...

Broadcom shares fall as chipmaker warns on trade war impact

Jun. 14, 2019 1:32 PM EDT

NEW YORK (AP) — Chipmakers suffered broad declines Friday after Broadcom warned that its business is being hurt by the U.S. trade dispute with China, including the Trump administration's efforts to curb sales to the Chinese telecom giant Huawei. After the market closed on Thursday, Broadcom reduced its...

Trump administration reviewing foreign money to US colleges

Jun. 13, 2019 6:57 PM EDT

The U.S. Education Department has opened investigations into foreign funding at Georgetown University and Texas A&M University as part of a broader push to monitor international money flowing to American colleges. Both universities are being ordered to disclose years of financial records amid concerns they...