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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
MNI POLICY: Commerce Extends Huawei's Access to U.S. Markets
By Brooke Migdon
WASHINGTON (MNI) - Chinese technology company Huawei will continue
operating in the United States, the Commerce Department announced Monday,
extending a critical license permitting partial access to U.S. businesses.
Huawei and 114 of its non-U.S. affiliates on the "Entity List", an economic
blacklist restricting purchases of U.S.-made components to companies approved by
the U.S. government, now have until Feb. 16 to conduct business with U.S.
companies.
Huawei's Temporary General License, or TGL, renewed by the Commerce
Department Nov. 18 gives the telecommunications giant limited access to U.S.
markets for 90 days. The move is an extension of an existing TGL granted in
August, which was itself an extension of an initial TGL issued in May.
"The Temporary General License extension will allow carriers to continue to
service customers in some of the most remote areas of the United States who
would otherwise be left in the dark," Secretary of Commerce Wilbur Ross said in
a statement released Monday. "The Department will continue to rigorously monitor
sensitive technology exports to ensure that our innovations are not harnessed by
those who would threaten our national security."
Ross said in an interview with FOX Business Network Friday that many rural
communities in the United States are reliant on Huawei for telephone service and
internet connectivity.
--MNI Washington Bureau; +1 202 371 2121; email: brooke.migdon@marketnews.com
[TOPICS: M$U$$$,MC$$$$,MI$$$$,MT$$$$,MGU$$$]
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.