Tag Archives: Pacific Asia

Stocks wear thin as coronavirus surge destroys hopes of recovery

SINGAPORE (Reuters) – Asian stocks posted their biggest decline in eight sessions, bonds rose and the US dollar held firm on Thursday due to growing cases of coronavirus in the United States and the International Monetary Fund’s downgrade to economic projections reduced confidence in a recovery. FILE PHOTO: Passers-by wearing …

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Exclusive: Trump administration says Huawei and Hikvision are backed by the Chinese military

WASHINGTON (Reuters) – The Trump administration has determined that major Chinese companies, including telecommunications equipment giant Huawei Technologies and video surveillance company Hikvision (002415.SZ), are owned or controlled by the Chinese military, laying the groundwork for new US financial sanctions, according to a document seen by Reuters on Wednesday. FILE …

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