Hong Kong-listed shares of HSBC saw the biggest gain in nearly four months on Monday, following the release of a Chinese telecom giant’s CFO. Huawei CFO Meng Wanzhou, daughter of the company’s founder, was accused in 2018 of lying to HSBC about Huawei’s control of another company during a 2013 presentation, putting the bank at…
HSBC Shares Leap in Hong Kong Following Release of Huawei CFO
Michael Kovrig: ‘It’s Fantastic to Be Back in Canada’
Michael Kovrig expressed his gratification for finally being back in Canada as he arrived in Toronto Saturday afternoon, after having been arbitrarily detained in Chinese prisons for over 1,000 days. “It’s fantastic to be back in Canada, and I’m immensely grateful for everybody who worked so hard to bring [me and Michael Spavor] back home,”…
Huawei Executive Meng Was a Loser in Trudeau’s Election Gamble
Commentary Canadian Prime Minister Justin Trudeau wasn’t the only loser in his gamble to call an early election. Meng Wanzhou, the Huawei CFO who was spinning her wheels in Canada since her 2018 arrest at the behest of the U.S. Justice Department, is also a loser, and a bigger one. Unlike Trudeau, whose status as…
Huawei CFO Reaches Deal With US Prosecutors Allowing Her Return to China, DOJ Says
NEW YORK—Huawei executive Meng Wanzhou has reached deferred prosecution agreement with the United States that would allow her to return to China after nearly three years after her arrest and detention in Canada, U.S. prosecutors said before a Brooklyn district court on Sept. 24. As part of the agreement, the government would put the prosecution…
Huawei CFO Reaches Deal With US Prosecutors Allowing Her Return to China
NEW YORK—Huawei executive Meng Wanzhou has reached deferred prosecution agreement with the United States that would allow her to return to China after nearly three years after her arrest and detention in Canada, U.S. prosecutors said before a Brooklyn district court on Sept. 24. The deal was approved by U.S. District Judge Ann Donnelly. As…
Huawei CFO Allowed to Return to China After Reaching Deal With US Prosecutors
NEW YORK—Huawei executive Meng Wanzhou has reached a deferred prosecution agreement with the United States that would allow her to return to China nearly three years after her arrest and detention in Canada, U.S. prosecutors said before a Brooklyn district court on Sept. 24. The deal was approved by U.S. District Judge Ann Donnelly. As…
US Resumes Talks With Huawei CFO on Resolving Criminal Charges: Globe and Mail
The U.S Department of Justice (DOJ) is in talks with Huawei and its Chief Financial Officer Meng Wanzhou’s lawyers about an agreement that could allow her to return to China, the Globe and Mail reported on Friday, citing Canadian sources. Meng was arrested at Vancouver International Airport in December 2018 on a warrant from the United…
China Tilts From Spavor Toward Kovrig in a Desperate Bid for Leverage Against Canada
Commentary Last week, China’s state-run tabloid Global Times ran an article, based on information from an inside source, which laid out the evidence that stood as the basis for sentencing Canadian national Michael Spavor to 11 years on spying charges in a case linked to Huawei. Spavor’s trial was held in secret. The article caused…
What Happens Next in Huawei CFO Meng’s Canada Extradition Case?
VANCOUVER—Judicial hearings in Huawei Chief Financial Officer Meng Wanzhou’s extradition case wrapped up on Wednesday and British Columbia Associate Chief Justice Heather Holmes said she would announce the date of her ruling on Oct. 21. Meng, 49, was detained in December 2018 at Vancouver International Airport on a U.S. warrant charging her with bank fraud…
Canadian Judge Reserves Decision on Huawei CFO Meng’s Extradition Case
A Canadian judge on Wednesday reserved her decision on whether to extradite Huawei executive Meng Wanzhou to the United States, saying she will announce the date of her ruling in October. Associate Chief Justice Heather Holmes adjourned the hearing by saying that on Oct. 21 she will likely announce when she will rule on whether…
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