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Mexican bonds are another investment strategists like as they are trading around their lowest levels in nearly decade.

The 10-year Mexican yield broke above 9 percent for the first time since the financial crisis in late November. On Tuesday, the benchmark yield traded around 8.50 percent.

“Mexican bonds are under-loved and pricing in the worst-case scenario,” said Amr Abdel Khalek, emerging markets strategist at MRB Partners. “We don’t see peso bonds as the strongest outperformer in a universe of EM local-currency denominated bonds, but the combination of peso undervaluation and the relatively rich yields mean that they can outperform the benchmark on a 6-12 month basis.”

Investors are fretting over some of President Andres Manuel Lopez Obrador’s fiscal measures, including pulling the plug on a partially built $13 new airport in Mexico City. Lopez Obrador, better known by his initials AMLO, also said last week he would announce measures supportive of Pemex, a giant state-run oil company.

AMLO did not provide specifics in his comments from last Tuesday, however, leaving investors worried about how sweeping his proposals could actually be. AMLO’s comments came after ratings agency Fitch cut Pemex’s rating to BBB-, the lowest investment-grade rating, from BBB+.

Still, Pictet Asset Management’s Paolini thinks Mexican bonds remain attractive given their valuations. “If you’re looking at Mexican bonds, unless you’re expecting something bad happening on the political front, there is some real value there.”

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BP Chargemaster installs ultra-fast charging points for cars in London

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BP Chargemaster has installed two 150 kilowatt (kW) ultra-fast chargers at a BP site near Heathrow Airport, London.

In an announcement Thursday, oil giant BP – which acquired the business, formerly known as Chargemaster, in 2018 – said it planned to install 400 ultra-fast chargers at BP locations by the end of 2021.

BP Chargemaster says it operates the largest public charging network in the U.K., connecting more than 7,000 charging points. In June, the firm said it expected the 150 kW charger to provide roughly 100 miles of range in 10 minutes.

“BP’s forecourts are ideal locations for this technology, which will provide an expected dwell time of 10-12 minutes, not dissimilar from the average of around seven minutes spent by drivers of petrol and diesel cars on a forecourt today,” BP Chargemaster’s chief operating officer, David Newton, said in a statement Thursday.

As more people start to drive electric vehicles over longer distances, the need for a large-scale charging network will become increasingly pressing.

Earlier this week, the U.K.’s Transport Secretary, Grant Shapps, announced an extra £2.5 million ($3.03 million) of funding for charging points on residential streets.

“It’s vital that electric vehicle drivers feel confident about the availability of chargepoints near their homes, and that charging an electric car is seen as easy as plugging in a smartphone,” Shapps said Monday.

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Huawei employees helped African governments spy on opponents: WSJ

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Ren Zhengfei, founder and chief executive officer of Huawei Technologies, left, speaks during an interview at the company’s headquarters in Shenzhen, China, in January.

Qilai Shen | Bloomberg | Getty Images

Huawei employees helped African governments spy on political opponents by using cell data to track their location and intercepting encrypted communications and social media, a Wall Street Journal investigation found.

The report, which did not find evidence that Huawei executives in China were aware of or approved the activities in Africa, could still add ammunition to the U.S. government’s allegations that Huawei could be used for espionage on behalf of the Chinese government. Huawei has denied these claims, but the U.S. has remained wary of the smartphone maker, with the Department of Justice filing criminal charges in two separate cases in January, alleging its CFO committed wire fraud and violated U.S. sanctions on Iran and that the company stole trade secrets from T-Mobile.

The WSJ investigation did not find evidence of spying activity by or on behalf of the Chinese government in Africa. It also did not find any unique features in Huawei’s technology that allowed spying activity to occur.

In two separate cases in Uganda and Zambia, the Journal found that Huawei employees used its technology to aid domestic spying on behalf of governments in those countries. Huawei technicians working in Uganda’s police headquarters office used Pegasus spyware made by Israei company NSO Group to crack into the encrypted messages of a rapper-turned-activist named Bobi Wine, the Journal investigation initially reported. (The WSJ later corrected its article to reflect that the software was “Pegasus-style spyware” created by unknown other parties, not actually the Pegasus software from NSO.). A cyber team based at the Ugandan police headquarters asked the Huawei technicians for help after failing to access the encrypted messages using the spyware, security officials told the Journal.

The NSO Group had strongly disputed the idea that its Pegasus software is being used in this way in a statement to CNBC:

“The WSJ article is wrong. And we told them that very clearly when they asked us. We don’t work with Huawei at all. We don’t do business with Uganda, at all. And only NSO sells Pegasus — no one else does.”

In a statement, a Huawei spokesperson told CNBC the company has “never been engaged in ‘hacking’ activities.”

“After a thorough and detailed internal investigation on the points raised by the WSJ’s reporting team, Huawei rejects completely these unfounded and inaccurate allegations against our business operations in Algeria, Uganda and Zambia,” according to the statement. “Our internal investigation shows clearly that Huawei and its employees have not been engaged in any of the activities alleged. We have neither the contracts, nor the capabilities, to do so.”

Read the full report at The Wall Street Journal.

-CNBC’s Kate Fazzini contributed to this report.

Clarification: The Wall Street Journal has corrected its original report to reflect that Uganda was using software that resembles the Pegasus software from NSO, not the actual Pegasus software itself. CNBC has updated this story accordingly.

WATCH: Senator Marsha Blackburn explains why she thinks Huawei is a security risk

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Cisco earnings Q4 2019

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Cisco CEO Chuck Robbins being interviewed in Davos, Switzerland, January 21, 2016.

David A. Grogan | CNBC

Cisco shares tumbled on Wednesday after the company reported weaker-than-expected guidance. It had already dropped 4% during the day on a disastrous day for stocks.

Here’s what the company reported:

  • Earnings: 83 cents per share, excluding certain items, vs. 82 cents per share as expected by analysts, according to Refinitiv.
  • Revenue: $13.43 billion, vs. $13.38 billion as expected by analysts, according to Refinitiv.

In premarket trading Thursday, shares of Cisco were off more than 9%.

Revenue grew 6% on an annualized basis in the quarter, according to a statement.

“We did see in July some slight early indications of some macro shifts that we didn’t see in the prior quarter,” Cisco CEO Chuck Robbins told analysts on a Wednesday conference call. He said in the quarter Cisco company saw “significant impact” on business in China because of the U.S.-China trade war.

In China, Cisco’s revenue was down 25% on an annualized basis in the quarter, Kelly Kramer, the company’s chief financial officer, said on the call.

“What we’ve seen is in the state on enterprises … we’re just being — we’re being uninvited to bid,” Robbins said. “We’re not being allowed to even participate anymore.” Sales to carriers declined more forcefully as well, he said.

The majority of Cisco’s revenue comes from sales of data center networking products, including switches and routers. That business is represented by Cisco’s Infrastructure Platforms segment, which came up with quarterly revenue of $7.88 billion, above the $7.84 billion consensus among analyst polled by FactSet.

The Applications segment had $1.49 billion in revenue, in line with the $1.49 billion FactSet analyst consensus. Cisco’s Security business contributed $714 million in revenue, less than $739.9 million FactSet consensus estimate.

Heading into the report, some analysts expressed concerns about Cisco given storage hardware company NetApp’s decision to lower its fiscal-year guidance at the beginning of August.

“We expect a large portion of NetApp’s headwinds to have limited implications for Cisco, except for cautious spending from large accounts which we believe Cisco is well positioned to offset through a strong product cycle and broader customer exposure,” JP Morgan analysts led by Samik Chatterjee wrote in a Monday note.

Cisco’s broad customer base could help the company weather softer macroeconomic conditions, wrote the JP Morgan analysts, who have an overweight rating on Cisco stock.

In the quarter Cisco announced new Wi-Fi products and a plan to acquire Acacia Communications for $2.6 billion.

As for guidance, Cisco said it expects to report 80 to 82 cents in earnings per share, excluding certain items, and flat to 2% revenue growth in the first quarter of its 2020 fiscal year. Analysts polled by Refinitiv were looking for 83 cents in earnings per share, excluding certain items, and $13.40 billion in revenue, or 2.5% growth, for that period.

Shares of the company are up 17% since the beginning of the year.

WATCH: This is why RiskReversal Advisors’ Dan Nathan is watching Cisco stock

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