Tag: Yahoo Finance

China Confident Huawei Will Build Brazil’s 5G Mobile Network

(Bloomberg) -- China’s government says it’s confident that Brazil will choose Huawei Technologies Co. to build its ultra-fast fifth generation mobile network, a high-stake decision that would likely put President Jair Bolsonaro in collision course with the U.S.Chinese President Xi Jinping is scheduled to meet his Brazilian counterpart in Brasilia this week -- their second meeting in less than a month -- during a summit of the BRICS group which also includes Russia, India and South Africa.“I am confident in terms of the cooperation between China and Brazil over 5G technology”, China’s Ambassador to Brasilia Yang Wanming said in reply to emailed questions. Brazil “will take into account its own development interest” when it analyzes Huawei’s bid, he added.Yang said that Brazil’s attitude toward Huawei has remained objective and rational amid a campaign of “bad faith and defamation” from the U.S. Security ConcernsU.S. officials have warned their allies against relying on...

CORRECTED-Police shooting rattles Hong Kong markets, investors count on Alibaba listing

Hong Kong's share index lost almost 3% as unrest in the Asian financial hub worsened on Monday, with police firing live rounds at anti-government protesters on the eastern side of island and firing tear gas at protesters in the Central business district. Investor sentiment suffered after a police officer shot and wounded one protester before trading commenced. The market had already been set for a shaky start after U.S. President Donald Trump said on Friday he has not agreed to roll back tariffs on Chinese goods as Beijing suggested last week....