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China urges Canada to free Huawei CFO or face consequences

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BEIJING/OTTAWA (Reuters) - China warned Canada on Saturday that there would be severe consequences if it did not immediately release Huawei Technologies Co Ltd’s chief financial officer, calling the case “extremely nasty”. FILE PHOTO: Meng Wanzhou, Executive Board Director of the Chinese technology giant Huawei, attends a session of the VTB Capital Investment Forum… Read More

Exclusive: Odebrecht Peru agrees to plea deal with Peruvian authorities over bribery scandal – sources

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(Reuters) - Brazilian builder Odebrecht’s Peruvian unit has signed a deal with Peruvian authorities to pay a multimillion dollar fine that will allow it to continue operating in the country in return for providing evidence about officials it bribed, three sources related to the matter told Reuters on Saturday. FILE PHOTO: The corporate logo of… Read More

U.S. accuses Huawei CFO of Iran sanctions cover-up; hearing adjourned

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VANCOUVER/LONDON (Reuters) - Huawei Technologies Co Ltd’s chief financial officer faces U.S. accusations that she covered up her company’s links to a firm that tried to sell equipment to Iran despite sanctions, a Canadian prosecutor said on Friday, arguing against giving her bail while she awaits extradition. The case against Meng Wanzhou, who is also… Read More

Albert Frère, 92, Belgian Master of Multinational Mergers, Dies

albert-frere-92-belgian-master-of-multinational-mergers-dies
ImageThe Belgian investor Albert Frère in his apartment in Paris in 2006. “It’s so enriching and really amusing to succeed at a deal,” he once said.CreditCreditRichard Harbus for The New York TimesAlbert Frère, a Belgian high school dropout who parlayed the profits from his father’s nail factory into a fortune worth billions, and whose multinational… Read More

Bucking a Global Trend, Japan Seeks More Immigrants. Ambivalently.

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ImageA caregiver and a resident at Mother’s Garden, a nursing home in Kashiwa, Japan. “If we aren’t helped by foreign workers, this business would not survive,” its director says.CreditCreditNoriko Hayashi for The New York TimesKASHIWA, Japan — Vexed by labor shortages in their rapidly aging country, lawmakers relaxed Japan’s longstanding insularity early Saturday by authorizing… Read More

Stocks Fall Back Into Negative Territory for 2018 as Economic Uncertainty Grips Investors

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Stocks on Wall Street dropped again Friday, pushing the S&P 500 into negative territory for the year, as investors continued to fixate on how much the economy and corporate profits could slow next year.Until recently, the American stock market had been something of a standout performer among global markets. The S&P 500 was up 9.6… Read More