Australian dollar smashed by Huawei arrest

Advertisement

Via the ABC:

Canada has arrested Huawei’s global chief financial officer in Vancouver, where she is facing extradition to the United States on suspicion she violated US sanctions against Iran, reports say.

Meng Wanzhou, who is one of the vice chairs on the Chinese technology company’s board and the daughter of company founder Ren Zhengfei, was arrested on December 1 and a court hearing has been set for Friday, a Canadian Justice Department spokesman said, according to media reports.

Representatives of Huawei, one of the world’s largest makers of telecommunications network equipment, could not immediately be reached for comment.

Battler bashed as risk turns off:

Bonds have broken out:

Advertisement

XJO is at two year closing lows:

Dalian soft:

Big Iron down:

Advertisement

Big Gas down:

Big Gold OK:

Big Banks headed for retest and free fall:

Advertisement

Big Realty deluded:

Not what markets needed.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.