The Trader 

Market Outlook: US Department of Justice

The Trader

Yesterday US homeland security secretary Kirstjen Nielsen accused the Chinese mobile phone giant of 13 indictments, including espionage and Iran sanctions violations. Its CFO, currently held in Canada and awaiting extradition proceedings, is accused of wire fraud, conspiracy and obstructing justice. Needless to say, the Chinese have retaliated calling the case ‘unfair’. Separately, the Securities and Exchange Commission has confirmed it is looking into executive remuneration at Japanese car firm Nissan.

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