GFM Network News


Huawei chief financial officer Meng Wanzhou arrives at court in Vancouver on Nov. 23, 2020. (File photo: Reuters/Jennifer Gauthier)

U.S. in talks with Huawei exec on resolving criminal charges, source says

'This would be a great way to end this nightmare'

Reuters — U.S. prosecutors are discussing a deal with lawyers for Huawei chief financial officer Meng Wanzhou to resolve criminal charges against her, a person familiar with the matter said, signaling a potential end to a case that has strained ties between the U.S., China and Canada. Negotiations between Meng’s attorneys and the U.S. Justice […] Read more

Huawei chief financial officer Meng Wanzhou leaves B.C. Supreme Court on a lunch break during her extradition hearing in Vancouver on Jan. 22, 2020. (Photo: Reuters/Jennifer Gauthier)

China denies ‘coercive’ diplomacy with Canada

Envoy again urges release of Huawei executive

Ottawa | Reuters — China on Thursday denied it had taken two Canadian men hostage, and repeated a call for the release of a Huawei Technologies executive held in Canada who faces extradition to the United States amid a long-running diplomatic dispute. Huawei chief financial officer Meng Wanzhou, a Chinese citizen, was arrested in Vancouver […] Read more


File photo of a cooking oil bottling line in Spain. (Sabor de España/iStock/Getty Images)

Canadian canola prices spike as shippers find back door to China

'Profits are extravagant... It is like gold oil now'

Winnipeg/Beijing | Reuters — Canadian canola prices have soared to the highest in nearly two years, despite a diplomatic dispute between Ottawa and Beijing, as exporters find roundabout ways to reach top oilseed buyer China. Chinese authorities have since March 2019 blocked canola shipments by two Canadian exporters, an action they took after Canadian police […] Read more

Huawei chief financial officer Meng Wanzhou leaves her family home in Vancouver in this May 8, 2019 file photo. (Photo: Reuters/Lindsey Wasson)

Canada says requirements for Huawei exec’s extradition to U.S. met

Reuters — Canada’s attorney general says the requirements for extraditing Huawei chief financial officer Meng Wanzhou to the United States on charges of bank fraud have been met, documents submitted in a British Columbia court show. Meng, 48, was arrested in December 2018 on a warrant from the United States, which alleges that she misled […] Read more


Huawei chief financial officer Meng Wanzhou leaves B.C. Supreme Court on a lunch break during her extradition hearing in Vancouver on Jan. 22, 2020. (Photo: Reuters/Jennifer Gauthier)

Huawei CFO’s extradition hearing to stretch into 2021

Judge approves extended schedule sought by lawyers

Reuters — Hearings on Huawei chief financial officer Meng Wanzhou’s extradition to the U.S. from Canada will extend into late April 2021, according to documents released by a British Columbia court on Tuesday. Meng was arrested in December 2018 by Canadian authorities at the Vancouver International Airport on a U.S. warrant from the charging her […] Read more

(Gassen/iStock/Getty Images)

Pompeo urges China to release two detained Canadians

U.S. Secretary of State calls charges 'groundless'

Washington/Ottawa | Reuters — U.S. Secretary of State Mike Pompeo called on Monday for the immediate release of two Canadians charged by China with espionage, saying the United States was “extremely concerned” and that the two men’s detention was unjustified. “These charges are politically motivated and completely groundless,” Pompeo said in a statement. Chinese prosecutors […] Read more


File photo of Cong Peiwu, China’s ambassador to Canada, speaking at the Chinese Embassy in Ottawa on Nov. 22, 2019. (Photo: Reuters/Blair Gable)

U.S. is ‘trouble maker’ in China-Canada relationship, envoy says

No word on whether China would retaliate against Canada over latest court decision

Ottawa | Reuters — The United States is using the case of a senior Chinese telecoms executive who was arrested in Vancouver on a U.S. warrant 18 months ago to create friction between China and Canada, China’s envoy to Canada said on Thursday. “The U.S. has been taking advantage of Canada, and the U.S. is […] Read more

Huawei chief financial officer Meng Wanzhou leaves her family home in Vancouver in this May 8, 2019 file photo. (Photo: Reuters/Lindsey Wasson)

Huawei extradition ruling could unleash more Chinese backlash

More punitive trade measures expected

Ottawa | Reuters — A British Columbia court ruling that could permit the extradition of a senior Huawei executive to the U.S. leaves Canada vulnerable to further retaliation from Beijing, analysts said. Huawei chief financial officer Meng Wanzhou on Wednesday lost a challenge to a U.S. bid to extradite her to face bank fraud charges, […] Read more


ICE July 2020 canola with 20-, 50- and 100-day moving averages. (Barchart)

ICE weekly outlook: Extradition ruling not the only anchor on canola

MarketsFarm — Although ICE July canola finished $1.30 per tonne lower Wednesday, at $463.50, following a ruling on the extradition of Huawei executive Meng Wanzhou, Wayne Palmer said there’s much more to the decline in the price. While Palmer, a trader with Exceed Grain in Winnipeg, called the ruling “a nail in canola’s coffin,” he […] Read more

Huawei chief financial officer Meng Wanzhou leaves B.C. Supreme Court on a lunch break during her extradition hearing in Vancouver on Jan. 22, 2020. (Photo: Reuters/Jennifer Gauthier)

Huawei executive loses key court argument in fight against extradition

Toronto/Vancouver | Reuters — Huawei’s chief financial officer Meng Wanzhou has lost a key aspect of the trial on her extradition to the United States, a Canadian court announced on Wednesday. Meng, a Chinese citizen, was arrested in December 2018 in Vancouver on a warrant issued by U.S. authorities, who accuse her of bank fraud […] Read more