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

Tue, 21 May 2019 21:49:52 -0400

The United States has temporarily eased trade restrictions on China's Huawei to minimize disruption for its customers, a move the founder of the world's largest telecoms equipment maker said meant little because it was already prepared for U.S. action.

Huawei accuses U.S. of bullying, says working with Google to respond to ban

Tue, 21 May 2019 21:49:52 -0400

Chinese telecoms equipment maker Huawei called itself the victim of U.S. "bullying" on Tuesday and said it was working with Google to respond to trade restrictions imposed by Washington last week, a senior Huawei executive said.

Brazil lower house votes to allow foreign airlines in domestic market

Tue, 21 May 2019 21:28:49 -0400

Brazil's lower house of Congress voted on Tuesday to allow foreign-controlled airlines to operate domestic flights in Latin America's largest economy, opening the door to more competition in an increasingly concentrated market.

U.S. business group says retaliation rising in China amid trade war

Tue, 21 May 2019 21:14:27 -0400

A top U.S. business lobby in China said on Wednesday that nearly half of its members are seeing non-tariff barrier retaliation in China as a result of the increasingly bitter trade war between Beijing and Washington.

Asia stocks wobble as trade fears overshadow Huawei reprieve

Tue, 21 May 2019 21:06:44 -0400

Asian stocks were on shaky ground on Wednesday, as earlier relief over Washington's temporary relaxation of curbs against China's Huawei Technologies failed to offset deeper worries about trade frictions between the world's two largest economies.