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   NEWS: REUTERS BUSINESS
Reuters Business
Dec 13, 2018

UK's Nissan Brexit letter still too confidential to release two years on: FOI
A British government letter to Nissan two years ago offering reassurances about Brexit, which helped secure a major investment from the Japanese carmaker, is still considered too sensitive to release, a Reuters freedom of information request revealed.

Reuters Business
Dec 13, 2018

ECB stops its printing presses even as growth concerns rise
The European Central Bank decided on Thursday to end its lavish asset purchase scheme but otherwise kept policy broadly unchanged, promising protracted stimulus for an economy struggling with an unexpected slowdown and political turmoil.

Reuters Business
Dec 13, 2018

ECB formally ends QE, keeps reinvestments open-ended
The European Central Bank decided on Thursday to formally end its 2.6 trillion euro ($2.95 trillion) bond purchase scheme but said it would keep reinvesting cash from maturing bonds for a long time after its first interest rate hike.

Reuters Business
Dec 13, 2018

U.S. carrier Delta Air Lines issues 2019 profit forecast
U.S. carrier Delta Air Lines Inc on Thursday forecast 2019 profit to be in the range of between $6 per share and $7 share.

Reuters Business
Dec 13, 2018

Fiat Chrysler may review $5.7 billion plan if Italy taxes diesel, petrol cars
Fiat Chrysler (FCA) could review its 5 billion euro ($5.7 billion) Italian investment plan, which includes a shift to cleaner engines, if Rome raises taxes on petrol and diesel cars.

Reuters Business
Dec 13, 2018

Oil falls below $60 a barrel as inventories stay high
The oil price fell below $60 a barrel on Thursday, under pressure from high global inventories and a smaller-than-expected drawdown in U.S. crude stockpiles.

Reuters Business
Dec 13, 2018

Apple to build new $1 billion campus in Austin
Apple Inc said on Thursday it would spend $1 billion to build a second campus in Austin, Texas that will house as many as 15,000 workers, amid a broader push by many U.S. companies to create more jobs at home.

Reuters Business
Dec 13, 2018

China's auto sales in 2019 to roughly match 2018: industry association
China, the world's biggest car market, expects to sell 28 million vehicles in 2019, roughly level with 2018, its Association of Automobile Manufacturers said on Thursday.

Reuters Business
Dec 13, 2018

Japan Post to invest $2.6 billion in U.S. insurer Aflac: source
Japan Post Holdings Co , is planning to invest about $2.6 billion in Aflac Inc , aiming to become the largest shareholder in the U.S. insurer, a person familiar with the matter said.

Reuters Business
Dec 13, 2018

Bombardier's venture in China gets $453 million state rail contract
Canadian plane and train maker Bombardier Inc's Chinese joint venture said on Thursday it had won a $453 million contract to supply 168 high-speed train cars to state-owned China Railway Corp (CRC).

Reuters Business
Dec 13, 2018

Goldman Sachs, JPMorgan and others back risk management startup AccessFintech
Goldman Sachs Group Inc , JP Morgan Chase & Co , Citigroup Inc and Credit Suisse Group AG have invested $17.5 million in AccessFintech, a startup that sells technology to help financial firms better handle business errors, the companies said on Thursday.

Reuters Business
Dec 13, 2018

Top German court rules Uber limousine service illegal
Germany's highest court ruled on Thursday that a defunct limousine service offered by Uber [UBER.UL] was illegal, in a setback for the U.S. ride-hailing company that has struggled to comply with the law in Europe's largest economy.

Reuters Business
Dec 13, 2018

Airbus strategy review augurs clean break under new CEO
Airbus has launched a strategic review to outline changes under incoming chief executive Guillaume Faury as it faces industrial challenges and prepares for overdue modernization, industry sources said.

Reuters Business
Dec 13, 2018

VW's Skoda deliveries drop in November on China, January-November shipments up
Czech carmaker Skoda Auto, part of the Volkswagen Group, delivered 1.149 million vehicles in the January-November period, a 5.1 percent rise from a year ago, it said on Thursday.

Reuters Business
Dec 13, 2018

Stocks wait for ECB signals, pound strong after Brexit drama
Santa delivered his traditional end of year rally on Thursday as world stocks made a third day of gains and the pound and the euro both stayed strong after the latest bout of Brexit drama.

Reuters Business
Dec 13, 2018

Oil prices steady as China-U.S. trade tensions ease
Oil prices steadied on Thursday, under pressure from high inventories but buoyed by a drawdown in U.S. crude stockpiles and indications that the trade war between the United States and China may be easing.

Reuters Business
Dec 13, 2018

IEA sees global oil supply tightening more quickly in 2019
The global oil market could move into deficit sooner than expected thanks to OPEC's output agreement with Russia and to Canada's decision to cut supply, the International Energy Agency said on Thursday.

Reuters Business
Dec 13, 2018

Oil prices steady as Sino-U.S. trade tensions ease
Oil prices steadied on Thursday, under pressure from high inventories but buoyed by a drawdown in U.S. crude stockpiles and indications that the trade war between the United States and China may be easing.

Reuters Business
Dec 13, 2018

Apple to build new $1 billion campus in Texas
Apple Inc is investing $1 billion to build a new campus in North Austin, Texas and will spend another $10 billion for new data centers as part of a five-year investment aimed at creating 20,000 jobs in the United States.

Reuters Business
Dec 13, 2018

ECB to stop its printing presses even as concerns grow
The European Central Bank is all but certain to formally end its lavish bond purchase scheme on Thursday but will take an increasingly dim view on growth, raising the odds that its next step in removing stimulus will be delayed.

Reuters Business
Dec 13, 2018

What comes after the ECB's money presses stop?
The European Central Bank will formally end its 2.6 trillion euro money-printing scheme -- known as quantitative easing, or QE -- on Thursday but stimulus will continue for years and the central bank may even look at further measures of support.

Reuters Business
Dec 13, 2018

OPEC exit frees Qatar from U.S. legal concerns
Even before taking over Qatar's energy policy in a government reshuffle last month, Qatar Petroleum (QP) CEO Saad al-Kaabi had long wanted the Gulf state to leave OPEC.

Reuters Business
Dec 13, 2018

Asian shares rally on U.S.-China trade thaw
Asian equity markets rallied on Thursday on signs of easing Sino-U.S. trade tensions and expectations that China will step up efforts soon to support its cooling economy.

Reuters Business
Dec 13, 2018

Autostrade could challenge government decree over Genoa bridge: source
Autostrade per l'Italia will decide on Thursday whether to appeal against a government decree that excludes the operator of the collapsed Genoa bridge from works to rebuild it, a source familiar with the matter said.

Reuters Business
Dec 13, 2018

Japan's SoftBank to shun Huawei in favor of Ericsson, Nokia equipment: Nikkei
SoftBank Group Corp plans to replace 4G network equipment from China's Huawei Technologies Co Ltd with hardware from Nokia and Ericsson, Nikkei reported on Thursday, without citing sources.

Reuters Business
Dec 13, 2018

Vitol, rival oil traders in spotlight of Brazil bribery probe
Brazil's epic "Car Wash" corruption investigation has taken down presidents and elite businessmen, and led to the largest corporate leniency deal ever signed.

Reuters Business
Dec 13, 2018

Factbox: The trading firms under investigation in Brazil graft probe
Last week, Brazilian investigators accused four of the world's largest oil-trading firms of participating in a corruption scheme focused on Brazil's state-controlled oil company Petrobras.

Reuters Business
Dec 13, 2018

Oil prices rise as Sino-U.S. trade tensions show signs of easing
Oil prices rose on Thursday, buoyed by a drawdown in U.S. crude stockpiles and indications that China is taking concrete steps to put a trade war truce with Washington into action.

Reuters Business
Dec 13, 2018

SoftBank to shun Huawei in favor of Ericsson, Nokia equipment: Nikkei
SoftBank Group Corp plans to replace 4G network equipment from China's Huawei Technologies Co Ltd with hardware from Nokia and Ericsson, Nikkei reported on Thursday, without citing sources.

Reuters Business
Dec 13, 2018

U.S. solar takes hit from Trump tariffs but is cheaper than ever: report
U.S. solar installations fell 15 percent in the third quarter as the Trump administration's tariffs on overseas-made panels forced developers to put off large projects, according to a report commissioned by the industry's primary trade group.

Reuters Business
Dec 12, 2018

Asian shares surge as US-China trade thaw seen, sterling wobbles
Asian equity markets surged on Thursday on signs of easing Sino-U.S. trade tensions and expectations that China will step up efforts soon to support its cooling economy.

Reuters Business
Dec 12, 2018

Japan rules out asking private firms to avoid telecoms gear that could be malicious
Japan's government has no plan to ask private companies to avoid buying telecommunications equipment that could have malicious functions, such as information leakage, its top spokesman, Yoshihide Suga, said on Thursday.

Reuters Business
Dec 12, 2018

Oil prices climb amid signs of easing U.S.-China trade tensions
Oil prices rose on Thursday, buoyed by a drawdown in U.S. crude inventories and signs that China is taking more concrete steps to put a trade war truce with Washington into action.

Reuters Business
Dec 12, 2018

Hyundai Motor Group to provide suppliers with $1.5 billion in funding
South Korea's Hyundai Motor Co plans to provide funding worth 1.7 trillion won ($1.5 billion) to stabilize management of its suppliers, the company said in a statement on Thursday.

Reuters Business
Dec 12, 2018

U.S. oil prices inch up amid stockpile drop, signs of easing trade tensions
U.S. oil prices edged up on Thursday, buoyed by a drawdown in inventories and by signs of easing trade tensions between Washington and Beijing.

Reuters Business
Dec 12, 2018

Asian shares, sterling up on pause in Brexit, trade fears
Asian shares and the pound moved higher on Thursday as investors breathed a sigh of relief after British Prime Minister Theresa May survived a no-confidence vote, and as China appeared to be taking more steps to meet U.S. demands to open its markets.

Reuters Business
Dec 12, 2018

Nissan says ex-boss Ghosn still has no access to Rio apartment
Nissan Motor Co's ex-chairman Carlos Ghosn and his representatives still have no right to access a contested Rio de Janeiro apartment, the automaker said, after a fresh legal document showed a Brazilian court decision to grant access.

Reuters Business
Dec 12, 2018

Chinese state media urges Canada to defy U.S., free Huawei executive
Canada should distance itself from U.S. "hegemonism" and grant unconditional freedom to Meng Wanzhou, a Chinese executive detained in Vancouver on Washington's request, the state-owned tabloid Global Times said in a Thursday editorial.

Reuters Business
Dec 12, 2018

After Trump comment on Huawei, official says Justice Dept. sticks to law enforcement
A top U.S. Justice Department official pushed back on Wednesday against President Donald Trump's comment that he might intervene in a legal case involving an executive from the Chinese telecommunications firm Huawei Technologies Co [HWT.UL] if it would help secure a trade deal.

Reuters Business
Dec 12, 2018

Exclusive: China makes first big U.S. soybean purchase since Trump-Xi truce
China on Wednesday made its first major purchases of U.S. soybeans since President Donald Trump and his Chinese counterpart Xi Jinping struck a trade war truce earlier this month, providing some relief to U.S. farmers who have struggled to find buyers for their record-large harvest.

Reuters Business
Dec 12, 2018

U.S. tribunal to review ruling on Qualcomm request for iPhone ban
The U.S. International Trade Commission (ITC) said on Wednesday it would review a ruling that a ban on imports of some iPhones into the United States was not in the public interest, even if Apple Inc infringed a Qualcomm patent.

Reuters Business
Dec 12, 2018

Trading Trump: Wall Street stresses over White House comments
JPMorgan Chase & Co's trading desk was not buying what U.S. President Donald Trump was selling this week.

Reuters Business
Dec 12, 2018

Canada warns U.S. not to politicize extradition cases
Canadian Foreign Minister Chrystia Freeland on Wednesday warned the United States not to politicize extradition cases, a day after President Donald Trump said he could intervene in the affair of a Chinese executive detained in Canada at Washington's request.

Reuters Business
Dec 12, 2018

U.S. lawmaker worried over Trump Huawei comments
A Democratic U.S. senator said on Wednesday he found "very disturbing" a comment by President Donald Trump that he might get involved in the case of Meng Wanzhou, the chief financial officer of the Chinese telecommunications firm Huawei Technologies Co [HWT.UL].

Reuters Business
Dec 12, 2018

China's Zhoushan to go after Singapore marine hub's top billing
China's port city of Zhoushan is planning to challenge Singapore's dominance of the multi-billion dollar shipping fuel industry, relying on proximity to some of the world's biggest ports and Beijing's support to give it an edge.

Reuters Business
Dec 12, 2018

United Airlines CEO doubles down on growth strategy as stock rides tailwind
With many rival airlines scaling back plans to add travel routes and seats in a bid to protect margins, Oscar Munoz is taking United Airlines in a different direction.

Reuters Business
Dec 12, 2018

Nissan to boost external board seats, set up compensation committee: source
Nissan Motor Co Ltd plans to boost the number of external board members and set up a committee to oversee compensation as part of its effort to improve governance following the arrest of former Chairman Carlos Ghosn for financial misconduct, a source said.

Reuters Business
Dec 12, 2018

Wall Street closes up, investors optimistic on China trade
U.S. stocks closed up on Wednesday afternoon, though well below their session highs as investors pulled back in the last few minutes of trading despite optimism about U.S.-China trade relations and some reassuring signs in British politics.

Reuters Business
Dec 12, 2018

Crypto startup AriseBank settles fraud accusations with SEC
Cryptocurrency startup AriseBank will pay $2.3 million to the U.S. Securities Exchange Commission (SEC) to settle accusations of defrauding investors through claims such as building a cryptocurrency bank.

Reuters Business
Dec 12, 2018

North America to weigh on Under Armour's 2019 revenue growth, shares slide
Under Armour Inc on Wednesday forecast 2019 revenue growth and profit below analysts' estimates, citing relatively flat sales in North America, sending its shares down as much as 11 percent.

Reuters Business
Dec 12, 2018

Trade thaw lifts stocks, sterling rises on May bets
A gauge of global stock markets rallied along with U.S. Treasury yields on Wednesday as optimism abounded for a trade thaw between the United States and China while sterling bounced on indications UK Prime Minister Theresa May would survive a no-confidence vote.

Reuters Business
Dec 12, 2018

Wall Street rises on U.S.-China trade optimism
U.S. stocks were up 1 percent on Wednesday afternoon, though well below their session highs, as investors were hopeful about U.S.-China trade relations after the latest comments from both sides and eyed some reassuring signs in British politics.

Reuters Business
Dec 12, 2018

Wall Street ends up on trade optimism but off day's highs
U.S. stocks closed up but well below their session highs on Wednesday as investors pulled back in the last few minutes of trading despite optimism about U.S.-China trade relations and some reassuring signs in British politics.

Reuters Business
Dec 12, 2018

China's Tencent Music debut strikes a chord with investors
Shares of China-based music streaming company Tencent Music Entertainment Group rose in their U.S. debut on Wednesday, as investors shrugged off volatile markets to grab a piece of the fast-growing music streaming industry.

Reuters Business
Dec 12, 2018

Under Armour forecasts 2019 revenue growth below estimates
Under Armour Inc on Wednesday forecast 2019 revenue growth and profit below analysts' estimates, citing relatively flat results for North America, sending its share down about 11 percent.

Reuters Business
Dec 12, 2018

With stock riding tailwind, United Airlines CEO doubles down on growth strategy
With many rival airlines scaling back plans to add travel routes and seats in a bid to protect margins, Oscar Munoz is taking United Airlines in a different direction.

Reuters Business
Dec 12, 2018

Trade talk lifts stocks, sterling rises on May bets
A gauge of global stock markets rallied along with U.S. Treasury yields on Wednesday as optimism abounded for a trade thaw between the U.S. and China while sterling bounced on bets that UK Prime Minister Theresa May would keep her job.

Reuters Business
Dec 12, 2018

FCC considers ending merger ban among broadcast networks
The Federal Communications Commission on Wednesday voted to open a new review of U.S. media ownership rules and seek comments on whether the government should end a prohibition on mergers among the four largest broadcast networks.

Reuters Business
Dec 12, 2018

Norfolk Southern moves headquarters to Atlanta
Norfolk Southern Corp said on Wednesday it would shift its headquarters to Atlanta from Virginia, tapping a major hub for transportation.

Reuters Business
Dec 12, 2018

Toyota advances plans to replace Takata airbags in 65,000 vehicles
Toyota Motor Corp said on Wednesday it is advancing by a year plans to replace Takata airbags in about 65,000 Toyota and Lexus vehicles in the United States it had previously replaced.

Reuters Business
Dec 12, 2018

Brazil court grants Nissan ex-boss Ghosn access to Rio apartment
A Brazilian court decided on Wednesday that ousted Nissan Chairman Carlos Ghosn or his daughter should have the right to access a contested Rio apartment to retrieve personal belongings, according to a legal document seen by Reuters.

Reuters Business
Dec 12, 2018

Wall Street pushes higher on trade talk optimism
U.S. stocks jumped about 1.6 percent on Wednesday, bolstered by the technology sector, as signs Beijing would ease its "Made in China 2025" industrial policy added to optimism fueled by President Donald Trump's upbeat comments on trade talks.

Reuters Business
Dec 12, 2018

Canada minister to speak about extradition as China dispute worsens
Canadian Foreign Minister Chrystia Freeland will hold a news conference to discuss extradition procedures on Wednesday, a day after U.S. President Donald Trump said he might intervene in the extradition case of Huawei Technologies' executive Meng Wanzhou.

Reuters Business
Dec 12, 2018

Exclusive: China makes first major buy of U.S. soybeans since Trump-Xi meet
China made its first major U.S. soybean purchases in more than six months on Wednesday, two U.S. traders said, and its first since U.S. President Donald Trump and his Chinese counterpart Xi Jinping struck a trade war truce in early December.

Reuters Business
Dec 12, 2018

Tencent Music debut strikes a chord with investors
Shares of China-based music streaming company Tencent Music Entertainment rose more than 13 percent in their U.S. debut on Wednesday, as investors shrugged off volatile markets to grab a piece of the fast-growing music streaming industry.

Reuters Business
Dec 12, 2018

United Airlines to add international routes from San Francisco
United Continental Holdings Inc said on Wednesday it would add flights to New Delhi, Toronto and Melbourne from San Francisco, as the No. 3 U.S. airline looks to tap higher-paying international routes.

Reuters Business
Dec 12, 2018

U.S. FCC considers ending merger ban among broadcast networks
The Federal Communications Commission on Wednesday voted to open a new review of U.S. media ownership rules and seek comments on whether the government should end a prohibition on mergers among the four largest broadcast networks.

Reuters Business
Dec 12, 2018

Techs power Wall Street higher on trade optimism
U.S. stocks jumped on Wednesday, boosted by the technology sector, as indications that Beijing would ease its "Made in China 2025" industrial policy added to optimism fueled by President Donald Trump's upbeat comments on trade.

Reuters Business
Dec 12, 2018

China's Tencent Music jumps 11 percent in U.S. debut
Shares of China-based music streaming company Tencent Music Entertainment rose about 11 percent in their U.S. debut on Wednesday, as investors shrugged off volatile markets to grab a piece of the fast-growing music streaming industry.

Reuters Business
Dec 12, 2018

Stocks cheered by trade talk, sterling rises on May bets
Stock markets around the world rose along with U.S. Treasury yields on Wednesday as U.S. President Donald Trump sounded upbeat about a China trade deal and sterling bounced on bets that UK Prime Minister Theresa May would keep her job.

Reuters Business
Dec 12, 2018

China preparing plan to increase access for foreign companies: WSJ
China is planning to replace an industrial policy with a new program that promises greater access for foreign companies, the Wall Street Journal reported https://www.wsj.com/articles/china-is-preparing-to-increase-access-for-foreign-companies-11544622331?mod=breakingnews on Wednesday, in a move to resolve trade tensions with the United States.

Reuters Business
Dec 12, 2018

Germany seeks to assist potential bank merger: Bloomberg
Germany is holding high-level talks to facilitate a possible merger of the nation's two largest private banks - Deutsche Bank and Commerzbank - Bloomberg reported on Wednesday.

Reuters Business
Dec 12, 2018

Wall Street climbs 1 percent on trade optimism
U.S. stocks rose 1 percent on Wednesday, boosted by technology stocks, as a report about China planning to increase access for foreign firms added to optimism fuelled by President Donald Trump's upbeat comments on trade.

Reuters Business
Dec 12, 2018

U.S. not swayed by WTO reform proposals
Proposals for reforming the World Trade Organization fail to deal with problems raised by the United States, U.S. Ambassador Dennis Shea told the WTO's General Council on Wednesday.

Reuters Business
Dec 12, 2018

Stocks cheered by Trump trade talk; sterling springs off lows
Stock markets rallied on Wednesday as U.S. President Donald Trump sounded upbeat about doing a trade deal with China, while sterling jumped off 20-month lows as Prime Minister Theresa May vowed to fight a challenge to her leadership.

Reuters Business
Dec 12, 2018

U.S. consumer prices flat; underlying inflation firm
U.S. consumer prices were unchanged in November, held back by a sharp decline in the price of gasoline, but underlying inflation pressures remained firm amid rising rents and healthcare costs.

Reuters Business
Dec 12, 2018

Incoming Thyssenkrupp board member Merz favorite for chairwoman: sources
Incoming Thyssenkrupp supervisory board member Martina Merz has emerged as favorite to become head of the steel-to-submarines conglomerate's supervisory board, three people familiar with the matter told Reuters on Wednesday.

Reuters Business
Dec 12, 2018

Intel plans 'stacked' circuits in bid to regain its chipmaking lead
Intel Corp said on Wednesday that it has developed a way to stack its computing circuits on top of one another in a bid to regain the lead in chip manufacturing technology that it has lost to rivals like Taiwan Semiconductor Co Ltd in recent years.

Reuters Business
Dec 12, 2018

Wall Street set for strong open on Trump's upbeat trade comments
U.S. stock futures jumped 0.9 percent on Wednesday, joining a global equities rally, as President Donald Trump's encouraging comments fueled optimism over trade negotiations between the United States and China.

Reuters Business
Dec 12, 2018

U.S. consumer prices unchanged; underlying inflation firm
- U.S. consumer prices were unchanged in November, held back by a sharp decline in the price of gasoline, but underlying inflation pressures remained firm amid rising rents and healthcare costs.

Reuters Business
Dec 12, 2018

Futures point to strong start after Trump's upbeat trade comments
U.S. stock futures rose about 0.7 percent on Wednesday, joining a global equities rally, as President Donald Trump's encouraging comments fueled optimism over trade negotiations between the United States and China.

Reuters Business
Dec 12, 2018

Washington takes center stage in bank branch battles
JPMorgan Chase & Co has made a splash this year in Washington, D.C. opening branches for the first time in the nation's capital.

Reuters Business
Dec 12, 2018

Samsung to shut mobile phone plant in China's Tianjin
Samsung Electronics will cease operations at one of its mobile phone manufacturing plants in China, the company said, as its sales in the world's biggest smartphone market slumps amid rising competition from lower-cost local rivals.

Reuters Business
Dec 12, 2018

Exclusive: Don't contact our board members, Renault tells Nissan - sources
Renault told alliance partner Nissan to stop contacting the French company's directors ahead of a Thursday board meeting as the Japanese automaker tried to share evidence of wrongdoing by its ousted chairman Carlos Ghosn, two sources said.

Reuters Business
Dec 12, 2018

Zara owner Inditex hit by FX swings and warm weather
Zara owner Inditex missed sales and profit forecasts on Wednesday, hit by adverse currency moves and an unusually warm September, leading investors to wipe more than $5 billion off the fashion retailer's market value at one stage.

Reuters Business
Dec 12, 2018

Stocks cheered by Trump trade talk; sterling claws off lows
Stock markets rallied on Wednesday as U.S. President Donald Trump sounded upbeat about a trade deal with China, while sterling rose off 20 month lows as Prime Minister Theresa May vowed to fight a challenge to her leadership.

Reuters Business
Dec 12, 2018

Samsung to suspend operations at China mobile phone plant
Samsung Electronics will suspend operations at one of its mobile phone manufacturing plants in China, a company spokeswoman said on Wednesday.

Reuters Business
Dec 12, 2018

Exclusive: Airbus staff error led to fatal Mali copter crash - German official
The fatal crash of a German armed forces helicopter in Mali last year was caused by the failure of mechanics from manufacturer Airbus to correctly set the aircraft's rotor controls after repairs, a defence official told Reuters on Wednesday.

Reuters Business
Dec 12, 2018

Zara owner Inditex profit falls short of estimates
Zara owner Inditex reported third-quarter profit below analysts' expectations on Wednesday due to currency effects, but the world's largest clothing retailer, maintained sales and margin guidance for the rest of the year.

Reuters Business
Dec 12, 2018

Zara owner Inditex profit fall short of estimates
Zara owner Inditex reported third-quarter profit below analysts' expectations on Wednesday due to currency effects, but the world's largest clothing retailer, maintained sales and margin guidance for the rest of the year.

Reuters Business
Dec 12, 2018

Amazon aims at office workers with compact cashier-less food store
Amazon.com Inc on Wednesday opened a compact version of its cashier-less Amazon Go food stores, broadening its footprint in the bricks-and-mortar world in a move to add shops in places such as office lobbies and hospitals.

Reuters Business
Dec 12, 2018

Rolls-Royce expects 2018 profit, free cash flow in upper half of forecast range
Rolls-Royce expects its 2018 group profit and free cash flow to be in the upper half of its guidance range, the British engineering company said on Wednesday, shrugging off problems with some of its aircraft engines.

Reuters Business
Dec 12, 2018

China welcomes any effort to move Huawei case toward resolution
China's Foreign Ministry said on Wednesday that Canada's arrest of Meng Wanzhou, a top executive with Chinese tech giant Huawei, was a mistake from the start, and welcomed any efforts to move the case toward a correct resolution.

Reuters Business
Dec 12, 2018

Zara owner Inditex reports 4 percent profit growth
Zara owner Inditex on Wednesday reported net profit of 2.4 billion euros ($2.7 billion) for the first nine months of its financial year, up 4 percent on the year, and maintained guidance for the second half of the year.

Reuters Business
Dec 11, 2018

Stocks cheered by Trump trade talk; sterling plagued by politics
Asian stock markets rallied on Wednesday as U.S. President Donald trump sounded upbeat about a trade deal with China, while sterling struggled with the risk of an imminent party coup against British Prime Minister Theresa May.

Reuters Business
Dec 11, 2018

Former Malaysian PM Najib, 1MDB ex-CEO face fresh corruption charges
Malaysian prosecutors on Wednesday filed new graft charges against former prime minister Najib Razak and the former chief executive of scandal-linked state fund 1MDB, in the latest cases over alleged theft of billions of dollars from the fund.

Reuters Business
Dec 11, 2018

Hyundai Motor unveils sweeping executive reshuffle, shares surge
South Korean conglomerate Hyundai Motor Group shook up its executive ranks on Tuesday and appointed its first foreign head of research and development, raising expectations of a smooth transition of power at the family-run business empire.

Reuters Business
Dec 11, 2018

Exclusive: Trump says Fed shouldn't hike rates, but calls Powell 'a good man'
President Donald Trump said on Tuesday it would be a mistake if the Federal Reserve raises interest rates when it meets next week, as it is expected to do, continuing his criticism of the U.S. central bank.

Reuters Business
Dec 11, 2018

Stocks run with Sino-U.S. trade hopes; sterling hamstrung by politics
Asian stock markets rallied on Wednesday as U.S. President Donald trump sounded upbeat about a trade deal with China, while sterling struggled with the risk of an imminent party coup against British Prime Minister Theresa May.

Reuters Business
Dec 11, 2018

Canada frees CFO of China's Huawei on bail; Trump might intervene
A top executive of Chinese telecoms giant Huawei Technologies Co Ltd was granted bail by a Canadian court on Tuesday, 10 days after her arrest in Vancouver at the request of U.S. authorities sparked a diplomatic dispute.

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