MARKET OUTLOOK-Investors Chronicle6 Dec 2018 20:06
Ms Meng Wanzhou, who is also the daughter of the company’s founder, is wanted for suspected sanctions breaches linked to Iran. China’s embassy in Canada has demanded her release. The world’s second biggest smartphone maker, Huawei Technologies is seen to have close links to the Chinese Communist Party. The suggestion today is that President Trump’s 90-day moratorium on tariff increases simply will not work.
Today OPEC’s 15 members meet at their headquarters in Vienna, while tomorrow allied nations will be included in talks. The suggestion is that both Russia and Saudi Arabia will be willing to impose production cuts in order to put a floor under prices which have slumped sharply since October.