Canadian lawmakers fume after Facebook’s Zuckerberg snubs invitation

Canadian lawmakers fumed on Tuesday when Facebook Inc founder and Chief Executive Mark Zuckerberg snubbed an invitation to Ottawa to testify on privacy and democracy before an international panel, slapping the billionaire with a standing summons. Press Release Distribution Service

China gains, auto sector lift Asian shares, but sentiment fragile

Asian shares rose on Tuesday, lifted by gains in China and as auto firms climbed on merger news, but broad uncertainties over trade and economic growth kept investor enthusiasm in check. Press Release Distribution Service

France insists any Renault/Fiat deal must protect French jobs: Le Maire

France must protect its own interests and jobs in any merger between Renault and Fiat, even though France’s stake in Renault would automatically be diluted, French Finance Minister Bruno Le Maire told RTL radio on Tuesday. Press Release Distribution Service

Fiat Chrysler makes merger offer to Renault

Fiat Chrysler has made a “transformative” all-share merger proposal to French rival Renault, the Italian-American carmaker said on Monday, in a deal to create a new third-ranked global manufacturer. Press Release Distribution Service

French government: looking ‘reasonably favorably’ on Renault/Fiat deal

The French government is looking “reasonably favorably” on a proposed merger deal between Italian carmaker Fiat and French peer Renault, said government spokeswoman Sibeth Ndiaye on Monday. Press Release Distribution Service

Jet Airways founder Naresh Goyal and wife stopped from leaving India – airport official

Indian carrier Jet Airways (India) Ltd founder Naresh Goyal and his wife Anita Goyal were stopped from leaving India on Saturday at Mumbai airport, according to an airport official who asked not to be named. Press Release Distribution Service

Fiat Chrysler in tie-up talks with Renault: sources

Fiat Chrysler and Renault are in talks on a comprehensive global tie-up that could address some of the main weaknesses of both carmakers, two sources with knowledge of the discussions told Reuters on Saturday. Press Release Distribution Service

Huawei shipments could fall by up to a quarter this year: analysts

China’s Huawei, hit by crippling U.S. sanctions, could see shipments decline by as much as a quarter this year and faces the possibility that its smartphones will disappear from international markets, analysts said. Press Release Distribution Service

Wall Street Weekahead: Trade protection doesn’t have to exclude growth stocks

The escalating U.S.-China trade war has sent dividend-rich sectors like utilities higher, but investors don’t need to get all defensive just yet, according to strategists who say there are plenty of growth stocks with some insulation from China. Press Release Distribution Service

Trump says ‘dangerous’ Huawei could be included in U.S.-China trade deal

President Donald Trump said on Thursday U.S. complaints against Huawei Technologies Co Ltd might be resolved within the framework of a U.S.-China trade deal, while at the same time calling the Chinese telecommunications giant “very dangerous.” Press Release Distribution Service

China denounces Pompeo’s comments on Huawei

China’s Foreign Ministry on Friday denounced comments by U.S. Secretary of State Mike Pompeo, who said the chief executive of China’s Huawei Technologies was lying about his company’s ties to the Beijing government. Press Release Distribution Service

Deutsche Bank investors meet amid questions on strategy, leadership

Investors in Deutsche Bank are gathering on Thursday for an annual meeting that is expected to be dominated by questions over the bank’s strategy and leadership just days after shares hit a record low. Press Release Distribution Service

Rihanna launches new fashion brand in Paris with LVMH

Barbadian singer Rihanna has unveiled her new fashion brand with Louis Vuitton owner LVMH, a rare move by the French group to set up a label from scratch as it taps into soaring demand for celebrity collaborations in the luxury world. Press Release Distribution Service

Fed may cut rates if inflation keeps disappointing: Bullard

Further weakness in inflation could prompt the U.S. Federal Reserve to cut interest rates, even if economic growth maintains its momentum, James Bullard, President of the Federal Reserve Bank of St. Louis, said on Wednesday. Press Release Distribution Service

U.S. could blacklist Chinese surveillance tech firm Hikvision: NYT

The U.S. administration is considering limits to Chinese video surveillance firm Hikvision’s ability to buy U.S. technology, the New York Times reported on Tuesday, in a move that deepens worries about trade frictions between the world’s two top economies. Press Release Distribution Service

Exclusive: A delicate balance – Toyota took care to make offering to U.S. before China deals

Toyota Motor Corp last month announced two deals in China that were small in size but large in strategic planning. Press Release Distribution Service

U.S. eases restrictions on Huawei; founder says U.S. underestimates Chinese firm

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. Press Release Distribution Service

Asian shares near four-month lows on Huawei fallout fears

Asian shares wobbled near four-month lows on Tuesday on mounting worries the White House’s black-listing of Chinese telecom giant Huawei Technologies could further inflame already tense relations between Washington and Beijing. Press Release Distribution Service

U.S. eases restrictions on China’s Huawei to keep networks, phones operating

The U.S. government on Monday temporarily eased some trade restrictions imposed last week on China’s Huawei, a move that sought to minimize disruption for the telecom company’s customers around the world. Press Release Distribution Service

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

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”. Press Release Distribution Service

Bank staff flagged Trump, Kushner transactions for watchdog: NYTimes

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. Press Release Distribution Service

Saudi Arabia says oil producers want to reduce inventories

Saudi Energy Minister Khalid al-Falih said on Sunday there was consensus among OPEC and allied oil producers to drive down crude inventories “gently” but his country would remain responsive to the needs of what he called a fragile market. Press Release Distribution Service

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