Finance news

• DOJ Charges Huawei with Fraud, Intellectual-Property Theft

  28-01-2019 23:52 via news.yahoo.com
  The Justice Department on Monday charged China’s largest smartphone maker with bank fraud and stealing trade secrets, in a move that will likely heighten already-elevated tensions between the U.S. and Beijing.In a 13-count indictment filed in New York City, the DOJ charged Huawei Technologies Co., its chief financial officer, and two affiliated firms with a laundry list of crimes including conspiracy, money laundering, bank and wire fraud, flouting U.S. sanctions on Iran, and&nbs
  
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• President Trump and Nancy Pelosi Make a Deal – on a New Date for the State of the Union

  28-01-2019 23:51 via news.yahoo.com
  After a battle that lasted nearly two weeks
  
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• Mueller's Trump-Russia probe close to completion: official

  28-01-2019 23:51 via news.yahoo.com
  Special Counsel Robert Mueller's investigation into possible collusion between Donald Trump's campaign and Russia in the 2016 presidential election is close to being wrapped up, Acting Attorney General Matthew Whitaker said Monday."The Mueller investigation is close to being completed," Whitaker told journalists."I've been fully briefed on the investigation and I look forward to Director Mueller delivering the final report," he said.
  
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• US charges Huawei with fraud for violating Iran sanctions

  28-01-2019 23:50 via news.yahoo.com
  American prosecutors have unveiled criminal charges against Huawei, accusing one of China’s top companies of violating sanctions against Iran and stealing trade secrets. The 23 charges filed on Monday threatened to escalate tensions between Washington and Beijing just 48 hours before senior Chinese officials were due to fly to the White House for a new round of trade talks. Matthew Whitaker, the acting US attorney general, said Huawei had attempted to evade sanctions against Iran by settin
  
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• U.S. charges China's Huawei with bank fraud, stealing trade secrets

  28-01-2019 23:50 via news.yahoo.com
  The United States on Monday charged China's Huawei Technologies Co Ltd, its chief financial officer and two affiliates with bank and wire fraud to violate sanctions against Iran in a case that has escalated tensions with Beijing.In a 13-count indictment filed in New York, the Justice Department said Huawei misled a global bank and U.S. authorities about its relationship with the subsidiaries, Skycom Tech and Huawei Device USA Inc, in order to conduct business in Iran.
  
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• Trump administration slaps sanctions on Venezuela's state-owned oil company

  28-01-2019 23:48 via news.yahoo.com
  The U.S. sanctions are aimed at ratcheting up pressure on embattled Venezuelan President Nicolas Maduro but could increase gas prices in the U.S.
  
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• The Latest: Cohen agrees to talk to House committee Feb. 8

  28-01-2019 23:48 via news.yahoo.com
  NEW YORK (AP) — The Latest on former Trump lawyer Michael Cohen (all times local):
  
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• U.S. sanctions Venezuelan state oil firm, escalating pressure on Maduro

  28-01-2019 23:47 via news.yahoo.com
  The sanctions ratchet up pressure against Maduro to step aside and turn over power to Juan Guaido, the Venezuelan opposition leader who proclaimed himself interim president last week and was immediately recognized by the United States and a host of other countries."We have continued to expose the corruption of Maduro and his cronies and today's action ensures they can no longer loot the assets of the Venezuelan people," U.S. national security adviser John Bolton told reporters at a White House b
  
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• The Latest: NY easing statute of limitations for molestation

  28-01-2019 23:45 via news.yahoo.com
  ALBANY, N.Y. (AP) — The Latest on the New York state Legislature's expected passage of legislation extending the statute of limitations on child molestation (all times local):
  
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• 'Don't Tip Immigrants': New Jersey restaurant owner shocked by anti-immigrant message left on bill

  28-01-2019 23:41 via news.yahoo.com
  Couple discriminated against Spanish-speaking server, left no tip.
  
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• Alleged driver arrested after SFSU student killed in SoCal hit-and-run

  28-01-2019 23:39 via news.yahoo.com
  Police have arrested a 21-year-old Bell woman for a hit-and-run that killed a San Francisco State University student in Redondo Beach over the weekend.
  
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• Donald Trump's team sanctions Venezuela, pushes China trade talks and makes another border wall pitch

  28-01-2019 23:33 via news.yahoo.com
  The White House holds its first news conference in 41 days while lawmakers continue to negotiate border security issues.
  
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• Michael Cohen Hires New Lawyers as He Heads to Prison

  28-01-2019 23:30 via news.yahoo.com
  Michael Monico and Barry Spevack of Chicago will take over for attorney Guy Petrillo as Cohen focuses on cooperating with Special Counsel Robert Mueller’s investigation, they said in a joint statement Monday.The new lawyers will also represent Cohen during congressional probes and in talks with New York Attorney General Letitia James, whose office sued Trump’s personal charity for fraud.
  
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• US charges Huawei in technology theft, sanctions violations

  28-01-2019 23:22 via news.yahoo.com
  The US Justice Department on Monday unveiled sweeping charges against Chinese telecommunications giant Huawei in two cases likely to ratchet up tensions between the two superpowers -- including that of a top executive arrested in Canada on a US warrant.The department unveiled 13 charges against chief financial officer Meng Wanzhou -- the daughter of the company's founder who is currently out on bail in Canada -- and three affiliates related to violating US sanctions on Iran.In addition, 10 US fe
  
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• Paul Manafort’s First Sentencing Postponed Over Claims He Lied

  28-01-2019 23:14 via news.yahoo.com
  Special Counsel Robert Mueller’s prosecutors have accused Manafort of breaching the cooperation agreement he struck with them in September to avoid a second trial following his Alexandria jury trial conviction in August.
  
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• The Latest: Wisconsin, Minnesota see more than foot of snow

  28-01-2019 23:12 via news.yahoo.com
  ST. PAUL, Minn. (AP) — The Latest on a major snowstorm and the expected frigid weather in the Midwest (all times local):
  
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• Global stocks mostly down as slowing China weighs on some earnings

  28-01-2019 23:12 via news.yahoo.com
  Global stocks mostly fell Monday as a heavy week of earnings and economic news kicked off with a pair of disappointing US reports that underscored worries about slowing Chinese growth.
  
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• It's Going to Feel like 50 Below in the Midwest This Week. Here's What Extreme Cold Does to Your Body

  28-01-2019 23:06 via news.yahoo.com
  Parts of the Midwest are bracing for their coldest temperatures in decades this week, with Tuesday night conditions predicted to feel like 50 degrees below zero or colder in areas of the Dakotas, Minnesota and Iowa, according to AccuWeather.
  
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• Science Says: Get used to polar vortex outbreaks

  28-01-2019 23:02 via news.yahoo.com
  WASHINGTON (AP) — It might seem counterintuitive, but the dreaded polar vortex is bringing its icy grip to parts of the U.S. thanks to a sudden blast of warm air in the Arctic.
  
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• Taliban deal would satisfy Trump but poses risks

  28-01-2019 22:56 via news.yahoo.com
  The United States and the Taliban appear closer than ever to a peace deal, but fears are mounting that President Donald Trump could accept a quick accord that pours fuel on -- rather than douses -- Afghanistan's war.Negotiator Zalmay Khalilzad, a key player in George W. Bush's administration when the United States first invaded Afghanistan after the September 11, 2001 attacks, said he sealed the outlines of a peace deal after six days of talks with the Taliban in Qatar.
  
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• US hits Venezuela with oil sanctions to press Maduro exit

  28-01-2019 22:54 via news.yahoo.com
  WASHINGTON (AP) — The Trump administration imposed sanctions Monday on the state-owned oil company of Venezuela, a potentially critical economic move aimed at increasing pressure on President Nicolas Maduro to cede power to the opposition in the South American nation.
  
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• US urges Venezuela army to accept 'peaceful' power transfer

  28-01-2019 22:42 via news.yahoo.com
  The United States urged Venezuela's military Monday to accept a "peaceful" transfer of power as it ramped up the pressure on embattled leader Nicolas Maduro with a raft of sanctions on state oil company PDVSA.President Donald Trump has recognized opposition leader Juan Guaido as Venezuela's interim president, sparking a standoff with Maduro who until now has retained the crucial backing of military leaders in Caracas.
  
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• Photos: Pre-polar vortex snowstorm slows travel from Minneapolis to Chicago, Detroit

  28-01-2019 22:38 via news.yahoo.com
  Disruptive snow blanketed the midwestern United States during the latter part of the weekend and into the start of the workweek, dropping up to a foot of snow over the region.
  
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• Photos: Over 1,000 flights canceled as snow sweeps across midwestern US

  28-01-2019 22:38 via news.yahoo.com
  Disruptive snow blanketed the midwestern United States during the latter part of the weekend and into the start of the workweek, dropping up to a foot of snow over the region.
  
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• The Latest: White House threatens executive action over wall

  28-01-2019 22:36 via news.yahoo.com
  WASHINGTON (AP) — The Latest on President Donald Trump, Congress and his proposed border wall (all times local):
  
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• Exclusive: Snapchat weighs what was once unthinkable - permanent snaps

  28-01-2019 22:36 via news.yahoo.com
  Snap Inc is considering changes to its Snapchat app, known for disappearing photos and videos, that could make users' public posts longer lasting or even permanent, people familiar with the matter said.The company is also weighing an option to reveal the identities of Snapchat users who make public posts, a person familiar with Snap's plans said.Snap is carefully weighing the privacy, technical and legal considerations of revealing user identities on public posts, said the person familiar with S
  
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• NBC Host Tom Brokaw apologises for xenophobic ‘assimilation’ remarks on immigration

  28-01-2019 22:33 via news.yahoo.com
  NBC News personality Tom Brokaw, who has been accused of sexual misconduct by two women who worked with him in the 1990s, apologised on Sunday for making xenophobic comments regarding Hispanic immigration while appearing on Meet the Press earlier that morning.While discussing the southern border, Mr Brokaw mentioned the fears about Hispanic immigrants among Republicans.“But the fact is, on the Republican side, a lot of people see the rise of an extraordinary, important, new constituent in
  
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• Catholic Leaders Call for Cuomo to Be Excommunicated over Abortion Bill

  28-01-2019 22:33 via news.yahoo.com
  Some Catholic leaders are calling for the excommunication of Governor Andrew Cuomo in response to the late-term abortion bill he signed last week.The bill, the so-called Reproductive Health Act, codifies Roe v. Wade in New York law and removes abortion from the state criminal code, legalizing the procedure up to the moment of birth in cases where the mother’s life or health are endangered or where the baby is non-viable.Previously, doctors in New York were only allowed to perform an aborti
  
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• Attorney general nominee William Barr says he would resign rather than fire Mueller 'without good cause'

  28-01-2019 22:29 via news.yahoo.com
  William Barr, President Donald Trump's nominee for attorney general, assured the Senate he wouldn't fire Robert Mueller "without good cause."
  
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• El Chapo, actor who plays him on 'Narcos' cross paths in US court

  28-01-2019 22:24 via news.yahoo.com
  The actor who plays Joaquin "El Chapo" Guzman in the Netflix hit "Narcos: Mexico" made an appearance in a federal courtroom in Brooklyn on Monday, taking advantage of an unusual opportunity to study his character in real life.El Chapo, sitting just a few meters (yards) away, gave him a big smile."I came to study a man who in a certain sense is a myth, a legend," Edda told reporters.
  
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• Barr Reveals He Discussed Mueller Probe With Pence

  28-01-2019 22:24 via news.yahoo.com
  Barr disclosed those talks Monday in written answers to questions from the Senate Judiciary Committee.“Our conversations have included, at times, general discussion of the special counsel’s investigation in which I gave my views on such matters as Bob Mueller’s high integrity and various media reports," Barr wrote.
  
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• Venezuela crisis: US announces billions in sanctions as White House says military options still 'on the table'

  28-01-2019 22:20 via news.yahoo.com
  The White House announced new sanctions against Venezuela on Monday, warning the United States would immediately block at least $7bn in assets held offshore by Nicolas Maduro and his top officials.Treasury Secretary Steven Mnuchin and National Security Adviser John Bolton joined White House Press Secretary Sarah Huckabee Sanders during a press conference on Monday to announce the new sanctions, which they said had been kept secret prior to the announcement.In making the sanctions public, the Whi
  
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• U.S. attorney general pick says he has discussed Mueller probe with Pence

  28-01-2019 22:16 via news.yahoo.com
  In written answers to questions posed by Senate Judiciary Committee members, Barr also said he has discussed with Justice Department officials the issue of recusing himself from overseeing Mueller's investigation into Russia's role in the 2016 election.Under current rules, Mueller can be fired only for misconduct or other wrongdoing.
  
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• Trump Administration Hits Venezuela's State Oil Company With $7 Billion in Sanctions

  28-01-2019 22:12 via news.yahoo.com
  The move is aimed at increasing pressure on President Maduro to cede power
  
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• Guaido Says He’ll Take Over Venezuela Accounts, Name New Citgo Board

  28-01-2019 21:54 via news.yahoo.com
  Supporters in the U.S., Latin America and Europe have hurried to recognize Guaido as the nation’s rightful leader, and have threatened sanctions or even military intervention if socialist President Nicolas Maduro moves against him.The U.S. on Monday imposed sanctions on PDVSA meant to strengthen Guaido’s chances of taking control.Guaido on Monday also said he’s naming new boards for PDVSA and its U.S. refining arm, Citgo, to begin the recovering the nation’s mainstay indu
  
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• Bank of England pleaded with not to give Nicolas Maduro $1.3 billion in gold

  28-01-2019 21:54 via news.yahoo.com
  A British minister on Monday suggested that the Bank of England should decline to release £1 billion of gold to Venezuela's dictator after the opposition leader wrote to Theresa May.  Juan Guaido, who last week declared himself the country’s legitimate ruler and was recognised as such by the US, has written to Mark Carney, the Bank’s governor, to ask him not to hand over the gold to Nicolas Maduro. He also sent the letter to Theresa May, the Prime Minister. "I am writing t
  
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• Kamala Harris's charmed political life is about to face its biggest test

  28-01-2019 21:51 via news.yahoo.com
  Kamala Harris has been considered a potential presidential candidate almost from the day she entered politics as a district attorney. Now that her campaign is actually underway, how will she perform under the microscope of the national press?
  
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• The Latest: Cold weather forces closure of Chicago zoo

  28-01-2019 21:46 via news.yahoo.com
  MADISON, Wis. (AP) — The Latest on a major snowstorm and the expected frigid weather in the Midwest (all times local):
  
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• Israel says won't renew mandate of Hebron observer mission

  28-01-2019 21:29 via news.yahoo.com
  Israeli Prime Minister Benjamin Netanyahu said Monday he will not renew the mandate of international observers in the flashpoint West Bank city of Hebron, effectively closing the mission.The Temporary International Presence in Hebron (TIPH) was established in the city following a massacre of Palestinians in 1994, but Netanyahu accused it of bias."We will not allow the continuation of an international force that acts against us," Netanyahu said in a statement released by his office on Twitter.
  
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• New Jersey waitress speaks out over anti-immigrant message on receipt

  28-01-2019 21:25 via news.yahoo.com
  "Don't tip immigrants." Waitress Lorena Bossi says everything was fine with her customers until she spoke Spanish with another employee.
  
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• NASA Releases New, High-Quality New Horizons Image of the Ultima Thule "Snowman" Asteroid

  28-01-2019 21:22 via news.yahoo.com
  This new image highlights all kinds of features that weren't visible in the initial images.
  
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• Gaza-Egypt crossing to fully reopen Tuesday: Palestinians

  28-01-2019 21:06 via news.yahoo.com
  The sole passenger crossing between Gaza and Egypt will reopen in both directions Tuesday, the strip's Islamist rulers Hamas said, after it was partially closed amid Palestinian political infighting.In a statement late Monday, the Hamas-run interior ministry announced "the opening of the Rafah border crossing in both directions on Tuesday".There was no immediate confirmation from Egypt.
  
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• Canada foreign minister says former envoy's Huawei comments made job untenable

  28-01-2019 20:59 via yahoo.com
  BEIJING/OTTAWA (Reuters) - Canadian Foreign Minister Chrystia Freeland said on Monday that former ambassador to China John McCallum's comments on a Huawei Technologies executive's high-profile extradition case had made it untenable for him to stay in the job.McCallum had not accurately conveyed the government's thinking on the situation, Freeland told reporters in Ottawa.Canadian Prime Minister Justin Trudeau said on Saturday he had fired McCallum.
  
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• Donald Trump: Starbucks CEO Howard Schultz doesn't have 'guts' to run for president

  28-01-2019 20:45 via news.yahoo.com
  Donald Trump has said former Starbucks CEO Howard Schultz does not have the “guts” to run for US president and questioned his intellect just 24 hours after news broke of a possible White House bid.  Mr Trump took to Twitter to mock the announcement that Mr Schultz, who led the coffee chain for three decades, was “seriously considering” running for the 2020 presidency as an independent candidate.  Mr Schultz’s pitch was also treated with disdain by some Dem
  
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• Government shutdown costs the economy $11 billion, significantly dings Q1 GDP growth, CBO estimates

  28-01-2019 20:37 via news.yahoo.com
  Government shutdown cost economy $11 billion, with about $3 billion lost permanently, CBO says. Q1 GDP growth to be cut by nearly half percentage point
  
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• Fruit sold at Walmart and Costco recalled over possible listeria contamination

  28-01-2019 20:21 via news.yahoo.com
  Fresh fruit sold at retailers nationwide is being recalled over concerns it
  
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• State of the Union address: As Pelosi invites Trump to give the speech, history proves its significance

  28-01-2019 20:20 via news.yahoo.com
  Donald Trump’s State of the Union address is back on, now that the longest federal government shutdown in history has finally ended — but it may include some caveats.House Speaker Nancy Pelosi has invited the president to deliver his spech at the Capitol on 5 February in a formal letter.Pelosi said in her letter that she and agreed on the new date after speaking with Mr Trump.
  
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• A week of turmoil in Venezuela

  28-01-2019 20:20 via news.yahoo.com
  Here are key developments in Venezuela since a band of soldiers briefly rose up against President Nicolas Maduro on January 21, with an opposition leader declaring himself "acting president" days later.On January 21 a group of soldiers take control of a command post north of Caracas in the early hours.In a video on social media, they say they "completely repudiate" Maduro's regime and call on people to take to the streets in their support.
  
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• The 2020 Genesis GV80 Will Be the Luxury Brand's First SUV

  28-01-2019 20:16 via news.yahoo.com
  The rear-wheel-drive-based crossover is finally almost here.
  
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• Banks to flee London even if Brexit is cancelled

  28-01-2019 20:14
  Damage inflicted in the Square Mile will be permanent, bankers say
  
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