The US has blacklisted Tencent Holdings and Contemporary Amperex Technology. for alleged links to the Chinese military. CATL, a major supplier to Tesla, joined Tencent on a Federal Register of entities deemed to have ties with the People’s Liberation Army. Both companies protested their inclusion as a mistake, saying they have no ties with the military. Tencent’s stock slid more than 7% in Hong Kong, notching its biggest drop since October. CATL’s shares fell about 3%. The blacklisting threatens to escalate tensions between the world’s two largest economies. In politics, the search is on for Justin Trudeau as the Canadian Prime Minister is resigning after more than nine years in power, bowing to dreadful polls and a rebellion within his governing Liberal party.
Today’s guests: Stephen Dainton, Barclays Bank President; Michele Della Vigna, Goldman Sachs (Source: Bloomberg)
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