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Trump May Intervene After Canada Gives Bail To Huawei Executive

Thursday, December 13, 2018, 9:00 AM

A top executive of Chinese telecoms giant Huawei Technologies Co Ltd was granted bail by a Canadian court, 10-days after her arrest in Vancouver at request of US authorities sparked a diplomatic dispute. Meng Wanzhou, Huawei's chief financial officer and daughter of its founder, faces U.S. claims that she misled multinational banks about Iran-linked transactions, putting the banks at risk of violating US sanctions.
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100 Crore Allotted By Centre For Black Box-Like System In Trains

Thursday, December 13, 2018, 8:58 AM

The government said Rs.100Cr has been allocated by the railways for installing in the locomotives over 3,500 systems similar to an aircraft's black box. "Rs.100.40Cr has been sanctioned in Budget 2018-19 for acquisition of 3,500 Loco cab audio video recording (LCAVR) and Crew Voice and Video Recording system (CVVRS)," Minister of State for Railways Rajen Gohain said in a written reply in Lok Sabha.
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Nearly half of corporate CFOs are expecting a US recession by the end of 2019

Thursday, December 13, 2018, 8:54 AM

Chief financial officers at companies are pessimistic heading into 2019, with nearly half expecting a recession by the end of that year, according to a survey released. Duke University's look at where 212 CFOs stand showed that 48.6% think the next negative growth period is less than 12 months away. The results come amid best-year for GDP growth since the recovery began in mid-2009.

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