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U.S. intelligence says Huawei funded by Chinese state security: report

April 20, 2019 by  
Filed under News

U.S. intelligence has accused Huawei Technologies of being funded by Chinese state security, The Times said on Saturday, adding to the list of allegations faced by the Chinese technology company in the West.


Source: Reuters Business News

Hundreds sign online petition supporting woman suing JD.com CEO in rape case

April 19, 2019 by  
Filed under News

Hundreds of people have added their names to an online petition in support of a University of Minnesota student who said she was raped last August by Richard Liu, the chief executive officer of China’s e-commerce retailer JD.com Inc.


Source: Reuters Business News

Tesla to shrink board to seven directors from 11

April 19, 2019 by  
Filed under News

Tesla Inc said on Friday that four members of its eleven-member board would be leaving over the next two years, as the electric car company looks to streamline its board.


Source: Reuters Business News

Exclusive: Tereos still searching for wider funding – sources

April 19, 2019 by  
Filed under News

(Corrects headline and paragraph 1 to make clear that syndication process is ongoing, to make clear in paragraph 5 that no offers finalized by April 15, to clarify sourcing throughout)


Source: Reuters Business News

Boeing 737 MAX joint governmental review will begin April 29: FAA

April 19, 2019 by  
Filed under News

The U.S. Federal Aviation Administration said Friday that a joint governmental review of the now grounded Boeing 737 MAX will begin on April 29 and will include 9 other aviation regulators from around the world.


Source: Reuters Business News

Venezuela congress to weigh 2020 PDVSA bond payment next week

April 19, 2019 by  
Filed under News

Venezuela’s opposition-controlled National Assembly expects to vote on making a $71 million bond interest payment when it meets next week, a lawmaker and a member of state-run oil company PDVSA’s ad-hoc board of directors said.


Source: Reuters Business News

Will the Benettons use Alitalia to fly in from the cold?

April 19, 2019 by  
Filed under News

Italian transport group Atlantia could join a rescue of loss-making flag carrier Alitalia to try to win favor with the government and secure the future of its own domestic business following a deadly bridge collapse last year, sources said.


Source: Reuters Business News

SEC fines Prosper Funding $3 million for overstating net returns to investors

April 19, 2019 by  
Filed under News

The Securities and Exchange Commission on Friday said Silicon Valley-based Prosper Funding LLC will pay a $3 million penalty for miscalculating and materially overstating annualized net returns to retail and other investors.


Source: Reuters Business News

U.S. homebuilding near two-year low; permits extend decline

April 19, 2019 by  
Filed under News

U.S. homebuilding dropped to a near two-year low in March, pulled down by persistent weakness in the single-family unit segment, suggesting the housing market continued to struggle despite falling mortgage rates.


Source: Reuters Business News

Return of the bench seat: Concept EVs show space big enough for sofas

April 19, 2019 by  
Filed under News

Electric vehicle (EV) concepts shown in Shanghai this week, such as the Audi AI:me and Infiniti QX Inspiration, point to a future of living-room-like comfort in cars with flat floors and ample space for sofa-like bench seats.


Source: Reuters Business News

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