President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
Some operators are cashing in on the CBD craze by substituting cheap and illegal synthetic marijuana for natural CBD in vapes and edibles such as gummy bears, an AP...Health and Scienceread more
Attack on Saudi oil facilities shows that 'risk is real', Chevron CEO Michael Wirth said on CNBC's "Closing Bell" Monday.Marketsread more
J.P. Morgan's chief quant says oil prices would start to hurt stock prices when they hit the $80 to $85 range.Market Insiderread more
(Adds scheduling details from court records)
TORONTO, June 6 (Reuters) - Huawei Chief Financial Officer Meng Wanzhou will challenge her extradition to the United States on fraud charges at hearings set to begin Jan. 20, 2020, court records showed, after her legal team appeared before a Canadian judge.
Meng's team proposed that the extradition hearing wrap up in October 2020, with extra time set aside in November 2020 in case it is needed.
Lawyer Daniel Coles, who acted on behalf of media companies to oppose a publication ban on the case, confirmed that the judge accepted the defense team's schedule with only a minor alteration.
Meng, 47, the daughter of Huawei Technologies Co Ltd's billionaire founder Ren Zhengfei, was arrested at Vancouver's airport in December on a U.S. warrant and is fighting extradition on charges that she misled global banks about Huawei's relationship with a company operating in Iran.
Meng, free on bail in Vancouver, did not appear in court.
In a statement, Huawei said there is no evidence Meng misled any banks and that her alleged actions are not a crime in Canada. It also said U.S. President Donald Trump's comments show the case against Meng is "guided by political and financial considerations, not the rule of law."
Her lawyers are seeking a stay of extradition proceedings on several grounds, including allegations that Canadian Border Services Agency (CBSA) officers delayed Meng's arrest to extract evidence under the guise of a routine immigration check before she was arrested by the Royal Canadian Mounted Police (RCMP).
They made similar allegations in a civil lawsuit in March. In a written defense filed on Monday, government lawyers argued that Meng's suit should be dismissed.
The government argued that CBSA officers acted "lawfully and in good faith" when they interviewed Meng and examined her luggage "to determine if she was admissible to Canada and if there were any customs issues with her goods."
Meng's suit claimed CBSA officers opened and viewed the contents of her electronic devices, in violation of her right to privacy. The government said CBSA officers asked Meng for phone passwords and then wrote them down on a piece of paper, which the RCMP took when it arrested Meng. It said the RCMP has not examined the contents of Meng's devices.
Diplomatic relations between Canada and China turned icy after Meng's arrest and China arrested two Canadian citizens, charging them with espionage. It also blocked imports of Canadian canola seed and looks set to boost customs' examinations of pork shipments. (Reporting by Allison Martell in Toronto and Karen Freifeld in New York; Editing by Dan Grebler)