Mixed stocks…China sticks up for Huawei…Corruption report
SINGAPORE (AP) – World markets were mixed on Tuesday after the U.S. Justice Department unsealed criminal charges against China’s Huawei, its subsidiaries and a top executive ahead of trade talks in Washington. Futures point to a lower opening on Wall Street. Benchmark U.S. crude oil rose to just under $52.50. The dollar was up against the yen and down against the euro.
BEIJING (AP) – China called on Washington on Tuesday to “stop the unreasonable crackdown” on Huawei after the U.S. escalated pressure on the tech giant by indicting it on charges of stealing technology and violating sanctions on Iran. The A foreign ministry statement said Beijing will “firmly defend” its companies. It gave no indication whether Beijing might retaliate for the charges against Huawei Technologies Ltd., China’s first global tech brand and the biggest maker of network switching gear used by phone and internet companies.
BERLIN (AP) – A closely watched annual survey says countries like Hungary and Turkey are growing more corrupt as they become more autocratic, and threats to the American system of checks and balances have knocked the United States out of the top 20 “cleanest” countries. Watchdog group Transparency International said its Corruption Perceptions Index for 2018 showed more than two-thirds of countries scoring below 50, on its scale where 100 is very clean and zero is very corrupt. With a score of 71, the U.S. lost four points over 2017 and dropped out of the top 20 nations for the first time since 2011.
LONDON (AP) – The British Parliament is set to vote on competing Brexit plans Tuesday, with Prime Minister Theresa May desperately seeking a mandate from lawmakers to help secure concessions from the European Union. Legislators will vote on proposals that have been submitted by both pro-Brexit and pro-EU legislators since Parliament rejected May’s divorce deal with the bloc two weeks ago, leaving Britain lurching toward a cliff-edge “no-deal” departure from the bloc on March 29. May insists her agreement can be tweaked to win Parliament’s backing.
ATLANTA (AP) – Some day in the future, Visa sayt it can envision the first cashless Super Bowl. The comment came during Visa’s sponsorship renewal with the NFL through the 2025 season. It won’t be this year, although 50 percent of concession stands that are available for making purchases for Sunday’s title game between the Rams and Patriots will be cashless. The NFL, which re-upped with Visa on Tuesday, likes the idea of no cash for another reason: security.