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   NEWS: REUTERS BUSINESS
Reuters Business
Nov 19, 2019

S&P 500, Dow retreat from record levels as Home Depot, Kohl's weigh
The S&P 500 and the Dow Jones Industrial Average retreated after touching record highs on Tuesday, hit by dour forecasts from retailers Home Depot and Kohl's.

Reuters Business
Nov 19, 2019

Strike-hit South African Airways says state will not come to the rescue
South African Airways (SAA) resumed some regional flights on Tuesday but warned that only a deal with striking unions can resolve its current crisis, with no prospect of more money from the government.

Reuters Business
Nov 19, 2019

AFL-CIO's Trumka not ready to back U.S.-Mexico-Canada trade deal
A major U.S. labor leader on Monday said there was more work to do on a new U.S.-Mexico-Canada trade agreement, pushing back against comments from House Speaker Nancy Pelosi that a breakthrough was imminent.

Reuters Business
Nov 19, 2019

Emirates wants new Boeing jet put through 'hell on Earth' in testing
Emirates, the largest customer of Boeing's upcoming 777x aircraft, wants the plane to be put through "hell on Earth" in testing to ensure it is safe to fly and meets performance expectations, the president of the Gulf airline said on Tuesday.

Reuters Business
Nov 19, 2019

ConocoPhillips targets $50 billion free cash flow over next decade
ConocoPhillips unveiled a 10-year plan on Tuesday and said it would target free cash flow of about $50 billion with annual capital spending averaging less than $7 billion over the next decade.

Reuters Business
Nov 19, 2019

Oil slips below $62 as trade talks drag on
Oil fell for a second day on Tuesday, dropping below $62 a barrel on limited progress toward resolving the U.S.-China trade dispute, higher than expected Norwegian oil output and forecasts of rising U.S. crude inventories.

Reuters Business
Nov 19, 2019

Wall Street opens at record high as trade optimism persists
Wall Street's main stock indexes opened at record highs on Tuesday on continued optimism that the United States and China would put an end to their damaging trade war, despite a slide in retail stocks after dour forecasts from Home Depot and Kohl's.

Reuters Business
Nov 19, 2019

China's Megvii seeks approval for Hong Kong IPO despite U.S. blacklist: sources
Chinese artificial intelligence firm Megvii Technology Ltd plans to seek listing approval on Thursday for a Hong Kong IPO of at least $500 million, people with knowledge of the matter said, despite being blacklisted by the U.S. government.

Reuters Business
Nov 19, 2019

U.S. housing starts rise; permits highest in over 12 years
U.S. homebuilding rebounded in October and permits for future home construction jumped to a more than 12-year high, pointing to strength in the housing market amid lower mortgage rates.

Reuters Business
Nov 19, 2019

Kohl's slashes profit forecast after dismal quarter
Kohl's Corp cut its annual profit forecast on Tuesday after the department store operator fell short of quarterly comparable sales and earnings estimates, offering no sign that a much-hyped partnership with Amazon was bearing fruit.

Reuters Business
Nov 19, 2019

U.S. housing starts rebound; permits highest in over 12 years
U.S. homebuilding rebounded in October and permits for future home construction jumped to a more than 12-year high, pointing to strength in the housing market amid lower mortgage rates.

Reuters Business
Nov 19, 2019

Aramco IPO banks face pared payday of $90 million or less: sources
By Saeed Azhar, Hadeel Al Sayegh, Rania El Gamal and Clara Denina

Reuters Business
Nov 19, 2019

Stock futures gain on U.S.-China trade optimism
U.S. stock index futures rose on Tuesday as investors turned optimistic that Washington and Beijing would agree on a deal to end a bruising trade war that is posing one of the biggest risks to global economic growth.

Reuters Business
Nov 19, 2019

Home Depot cuts sales goal as online push not delivering as expected
Home Depot Inc said on Tuesday the marriage of its online and brick-and-mortar businesses was not yet generating as much revenue as it had expected, prompting the retailer to cut its 2019 sales forecast for the second time this year.

Reuters Business
Nov 19, 2019

Global economy dodges recession by narrowest of margins: Kemp
The global economy may have narrowly avoided a recession, with most industrial and financial indicators pointing to a slight improvement in September-October after a sharp slowdown in the middle of the year.

Reuters Business
Nov 19, 2019

Kohl's cuts annual profit forecast after disappointing results; shares slump
Kohl's Corp cut its annual profit outlook on Tuesday ahead of the all-important holiday season, after the department store operator's quarterly comparable sales and earnings missed analysts' estimates, sending its shares down 12%.

Reuters Business
Nov 19, 2019

Shares scale 22-month peak as focus turns to growth
World shares touched their highest in nearly two years on Tuesday on predictions of future growth and bets the United States and China can end their damaging trade war.

Reuters Business
Nov 19, 2019

Sustainable investors face squeeze as larger firms move in
Specialized fund managers who pioneered green investing for decades are missing out on some of the spoils as the sector goes mainstream and large firms move in.

Reuters Business
Nov 19, 2019

Return of short-selling bans: market protection or 'war against truth'?
New moves to curb short-selling in some countries have set the stage for a renewed battle between free market advocates and authorities aiming to check investors they see as profiteers who destabilize major companies.

Reuters Business
Nov 19, 2019

PSA trade unions give the nod to merger with Fiat
The majority of unions representing workers at Peugeot maker PSA are in favour of a planned $50 billion merger with Fiat Chrysler , PSA executives and union representatives said.

Reuters Business
Nov 19, 2019

Sweden's Saab says UAE plans to buy two new surveillance aircraft
The United Arab Emirates intends to buy two additional GlobalEye aircraft for surveillance from Saab, the Swedish defense firm said on Tuesday, lifting its shares by 3%.

Reuters Business
Nov 19, 2019

Home Depot says online investments take longer to pay off, cuts sales goal
Home Depot Inc said on Tuesday its efforts to integrate online and in-store shopping were taking longer than expected to pay off, prompting the retailer to cut its 2019 sales forecast and sending its shares down 7% in premarket trade.

Reuters Business
Nov 19, 2019

Qantas challenges Airbus, Boeing to offer better deal on ultra-long haul jets
Qantas has asked Airbus and Boeing for a better deal on planes capable of non-stop Sydney-London flights before deciding whether to place an order.

Reuters Business
Nov 19, 2019

One week in, Netflix's stock is weathering Disney
Wall Street's reaction so far to Walt Disney Co's long-awaited streaming service suggests investors believe the competition may not be as crushing as expected for entertainment rival Netflix Inc .

Reuters Business
Nov 19, 2019

Ghana and Boeing sign provisional order for three 787 Dreamliners at Dubai Airshow
The Republic of Ghana and Boeing signed a provisional order for three 787-9 Dreamliners on Tuesday at the Dubai Airshow.

Reuters Business
Nov 19, 2019

Emirates says size of Boeing 777x order depends on delivery schedule
Emirates still intends to take the 150 Boeing 777X jets it had ordered, but that could change depending on the delivery schedule, its president said on Tuesday.

Reuters Business
Nov 19, 2019

Saudi airline flynas signs order for 10 Airbus A321XLR jets
Flynas has signed an order for 10 long-range Airbus A321XLR jets, the Saudi budget airline said at the Dubai Airshow on Tuesday.

Reuters Business
Nov 19, 2019

What trade war? Chinese companies wow with third-quarter report card
The top 200 Chinese companies spanning consumer, technology, industrial, property and financial industries reported September quarter earnings well ahead of market expectations, setting them up for a strong showing next year, analysts said.

Reuters Business
Nov 19, 2019

Oil slips to $62 as trade talks drag on
Oil extended declines to $62 a barrel on Tuesday, pressured by limited progress in efforts to resolve the trade conflict between the United States and China as well as an expected rise in U.S. crude inventories.

Reuters Business
Nov 19, 2019

A year after arrest, Ghosn seeks trial date, access to evidence
A year after his arrest, Nissan ex-Chairman Carlos Ghosn remains stuck in Tokyo under stringent bail conditions and without a trial date as he seeks access to a trove of Nissan emails and other evidence to fight charges of financial misconduct.

Reuters Business
Nov 19, 2019

Sales of grounded Boeing 737 MAX gather pace at Dubai Airshow
Boeing's 737 MAX took center stage at the Dubai Airshow on Tuesday as airlines announced plans to order up to 50 of the jets worth $6 billion at list prices despite a global grounding in place since March.

Reuters Business
Nov 19, 2019

Popeyes signs first lease for China market as it seeks to take on KFC
U.S. fried chicken chain Popeyes wants to become the top chicken brand in China, the chief executive of its parent company said on Tuesday, as it prepares to take on KFC, the no.1 player in the world's most populous market.

Reuters Business
Nov 19, 2019

Shares push to 22-month high as trade hopes endure
World shares touched their highest in nearly two years on Tuesday as investors maintained bets that the United States and China can reach a deal to end their damaging trade war.

Reuters Business
Nov 19, 2019

Huawei plays down impact of new U.S. license extension
Huawei Technologies [HWT.UL] has dismissed a new 90-day extension by the Trump administration allowing U.S. firms to continue doing business with the Chinese company as making little difference, repeating that it was being unfairly treated.

Reuters Business
Nov 19, 2019

Airbus and flynas agree on exercising purchasing options for A321XLR jets: industry sources
Airbus and Saudi budget airline flynas have reached a final agreement on exercising purchasing options to order long range A321XLR jets, industry sources told Reuters on Tuesday.

Reuters Business
Nov 19, 2019

Air Senegal signs MoU for eight Airbus A220 aircraft
Air Senegal signed a memorandum of understanding (MoU) for eight Airbus' A220 aircraft at the Dubai Airshow on Tuesday.

Reuters Business
Nov 19, 2019

Air Astana says signs letter of intent for 30 Boeing 737 MAX
Kazakhstan flag carrier Air Astana said on Tuesday it had signed a letter of intent to order 30 Boeing 737 MAX for its recently launched low-cost carrier subsidiary Fly Arystana.

Reuters Business
Nov 19, 2019

AFL-CIO's Trumka says more work remains on U.S.-Mexico-Canada trade deal
A major U.S. labor leader on Monday said there was more work to do on a new U.S.-Mexico-Canada trade agreement, pushing back against comments from House Speaker Nancy Pelosi that a breakthrough was imminent.

Reuters Business
Nov 19, 2019

Airbnb lobbies local Japan governments to ease curbs for Olympics
Airbnb Inc said on Tuesday it is lobbying local governments in Japan to ease curbs on short-term home rentals during next year's Tokyo Olympics, seeking to counter a thicket of rules imposed last year.

Reuters Business
Nov 19, 2019

Oil slips as concerns over U.S.-China trade talks drag on
U.S. oil prices fell for the second straight day on Tuesday amid market jitters over limited progress between China and the United States on rolling back trade tariffs, while expectations of a rise in U.S. inventories also jangled nerves.

Reuters Business
Nov 19, 2019

Public Enterprises minister to meet striking unions at South Africa's SAA
South Africa's Public Enterprises minister will meet unions striking at its state-owned airline on Tuesday in an effort to resolve a strike over wages at the embattled South African Airways (SAA) that has entered its fifth day.

Reuters Business
Nov 19, 2019

Trump's 'Section 232' autos tariff authority runs out of time, experts say
The clock has run out on President Donald Trump's authority to impose "Section 232" tariffs on imports of foreign-made cars and auto parts, and he may have to find other means if he wants to pursue tariffs on European or Japanese cars, legal experts say.

Reuters Business
Nov 19, 2019

Sales of grounded Boeing 737 MAX pick up steam at Dubai Airshow
Boeing's 737 MAX took center stage at the Dubai Airshow on Tuesday as the U.S. planemaker prepared to announce orders for dozens of aircraft as it seeks to restore confidence in the jet amid a worldwide grounding, people familiar with the matter said.

Reuters Business
Nov 19, 2019

AFL-CIO's Trumka says more work remains on US-Mexico-Canada trade deal
A major U.S. labor leader on Monday said there was more work to do on a new U.S.-Mexico-Canada trade agreement, pushing back against comments from House Speaker Nancy Pelosi that a breakthrough was imminent.

Reuters Business
Nov 19, 2019

Toyota says labor officials found it responsible for worker suicide
Toyota Motor Corp on Tuesday said Japanese labor officials have found it responsible for the suicide of an employee, with the Mainichi Shimbun reporting that workplace bullying at the automaker had led to the employee's death.

Reuters Business
Nov 19, 2019

Boeing to announce orders for dozens of 737 MAX at Dubai Airshow: sources
Boeing is set to announce orders for several dozen 737 MAX at the Dubai Airshow on Tuesday, people familiar with the matter said.

Reuters Business
Nov 19, 2019

Asian shares mixed as wait goes on for elusive U.S.-China trade deal
Asian share markets were mixed in subdued trade on Tuesday, pending clearer news on whether U.S.-China negotiations will reach a preliminary accord to end the prolonged trade war between the world's two largest economies.

Reuters Business
Nov 19, 2019

Japan lower house passes U.S. trade deal; auto tariffs still in question
Japan's lower house of parliament approved on Tuesday a limited trade deal Prime Minister Shinzo Abe agreed with the United States, clearing the way for tariff cuts next year on items including U.S. farm goods and Japanese machine tools.

Reuters Business
Nov 19, 2019

Oil eases amid concern over U.S.-China trade talks dragging on
U.S. oil prices fell for the second straight day on Tuesday amid market jitters over limited progress between China and the United States on rolling back trade tariffs, while rising U.S. inventories also jangled nerves.

Reuters Business
Nov 18, 2019

Australia CBA insurance arm pleads guilty to cold-calling offences
The life insurance arm of Commonwealth Bank of Australia pleaded guilty to 87 counts of breaching a law banning sales staff from making unsolicited calls to sell financial products, the country's corporate regulator said on Tuesday.

Reuters Business
Nov 18, 2019

Trump says he told Fed's Powell U.S. interest rates are too high
U.S. President Donald Trump said he complained to Federal Reserve Chair Jerome Powell about high U.S. interest rates in a meeting they held at the White House on Monday morning.

Reuters Business
Nov 18, 2019

Exclusive: KKR taps CK Infrastructure, buyout groups for Goodpack sale - sources
KKR & Co. has tapped Hong Kong's CK Infrastructure Holdings Ltd and buyout groups including Blackstone and Sweden's EQT AB to gauge buying interest for Singapore-based Goodpack, an intermediate bulk container maker, multiple sources with knowledge of the matter said.

Reuters Business
Nov 18, 2019

Asian shares mixed as doubts grow on elusive U.S.-China trade deal
Asian share markets were mixed on Tuesday, as another day awaiting clearer news on the progress of U.S.-China trade negotiations left investors bereft of trading motivation.

Reuters Business
Nov 18, 2019

U.S. watchdog backs Bezos' protest over key Pentagon launch program
A U.S. watchdog on Monday backed a protest from Jeff Bezos' space company that challenged the Pentagon's military space launch procurement strategy, showing support for one of the Amazon billionaire's disputes with major agency procurement programs.

Reuters Business
Nov 18, 2019

Oil slips as lack of U.S.-China trade talk progress frays investor nerves
U.S. oil prices fell for the second straight day on Tuesday amid market jitters over limited progress between China and the United States on rolling back trade tariffs, exacerbated by a rise in U.S. inventories.

Reuters Business
Nov 18, 2019

Carl Icahn urges U.S. SEC to 'rethink' proposed rule change for proxy advisers
Billionaire activist investor Carl Icahn on Monday urged the U.S. Securities Exchange Commission (SEC) to rethink a proposed rule change for proxy adviser firms, saying it would make activist investing "even more difficult and expensive to practice."

Reuters Business
Nov 18, 2019

CBA insurance arm pleads guilty to cold-calling offences: Australia watchdog
The life insurance arm of Commonwealth Bank of Australia pleaded guilty to 87 counts of breaching a law banning sales staff from making unsolicited calls to sell financial products, the country's corporate regulator said on Tuesday.

Reuters Business
Nov 18, 2019

Lawmakers urge U.S. government to tighten export controls to China on security fears
Top Senate Democrat Chuck Schumer and Republican Senator Tom Cotton on Monday urged the U.S. government to swiftly issue rules to make it harder to export sophisticated technologies to China that Beijing can use to boost its military.

Reuters Business
Nov 18, 2019

Australia regulator says CBA life insurance arm pleads guilty to offences
The life insurance arm of Australia's largest lender, Commonwealth Bank of Australia , pleaded guilty to 87 counts of hawking offences, the corporate regulator said on Tuesday.

Reuters Business
Nov 18, 2019

Exclusive: New York State Attorney General investigating WeWork - sources
The New York State Attorney General (NYAG) is investigating WeWork, according to two people familiar with the matter, adding to a series of problems facing the workspace provider.

Reuters Business
Nov 18, 2019

Asian shares soft as trade doubts creep back in
Asian shares started Tuesday softer as another day awaiting clearer news on the progress of U.S.-China trade negotiations weighed on jaded investors' sentiment.

Reuters Business
Nov 18, 2019

U.S. Congress seeks answers on patient privacy in Google, Ascension cloud deal
Four Democratic leaders on the U.S. House of Representatives Energy and Commerce committee on Monday wrote Alphabet Inc's Google and Ascension Health demanding briefings by Dec. 6 on how patient data the hospital chain is storing on the cloud is used.

Reuters Business
Nov 18, 2019

Boeing to give Southwest board 737 MAX update this week
Boeing Co this week will present to the board of its largest 737 MAX customer, Southwest Airlines Co , an overview of its plans to return the grounded jet to service, a spokesman for the airline said on Monday.

Reuters Business
Nov 18, 2019

Beyond Meat vs Zhenmeat: The battle for China's meatless market
U.S. plant-based "meat" makers targeting China like Impossible Foods and Beyond Meat Inc will need to battle homegrown rivals which are developing local favorites such as dumplings and mooncakes to nab a share of the lucrative market.

Reuters Business
Nov 18, 2019

Factbox: Who is doing what in China's plant-based meat business
While China is no stranger to food using vegetarian ingredients to give a meat-like flavor, the buzz around Beyond Meat and Impossible Foods in the U.S. is driving a series of Chinese companies to roll out similar pea or soy-based meat products.

Reuters Business
Nov 18, 2019

Qantas Airways sets $1.36 billion annual spending target
Qantas Airways Ltd is targeting annual spending of about A$2 billion ($1.36 billion) and expects capacity growth to be little changed in the second half of fiscal 2020, the airline said in a presentation on Tuesday.

Reuters Business
Nov 18, 2019

Auto parts supplier Prevent sues Volkswagen for suppressing competition
Volkswagen parts supplier Prevent Group on Monday filed a lawsuit alleging the German automaker used anticompetitive tactics to stop larger suppliers like the company from acquiring smaller rivals in the United States.

Reuters Business
Nov 18, 2019

With stores burned and looted, Walmart seeks police protection in riot-hit Chile
Walmart has sought court orders for police protection in protest-wracked Chile after more than 120 of its supermarkets were looted or burned.

Reuters Business
Nov 18, 2019

Lawsuit against Boeing seeks to hold board liable for 737 MAX problems
A shareholder lawsuit filed on Monday accused Boeing Co's board of doing nothing to investigate the safety of the 737 MAX until the fast-selling plane suffered a second deadly crash in five months.

Reuters Business
Nov 18, 2019

Auto parts supplier Prevent Group sues Volkswagen for suppressing competition
Volkswagen parts supplier Prevent Group on Monday filed a lawsuit alleging the German automaker used anticompetitive tactics to stop larger suppliers like the company from acquiring smaller rivals in the United States.

Reuters Business
Nov 18, 2019

Amazon offers ad-supported free music streaming service
Amazon.com Inc said on Monday it has introduced an ad-supported free version of its music streaming service Amazon Music, taking on rival Spotify Technology which has nearly 140 million users for its free version.

Reuters Business
Nov 18, 2019

WeWork's 2025 junk bond falls to record low
Shared-office operator WeWork's 2025 junk bond fell to a record low on Monday, with its last yielding bid at 16.06%.

Reuters Business
Nov 18, 2019

Justice Department asks court to scrap decades-old 'Paramount' antitrust decrees
The U.S. Justice Department said on Monday that it would ask a court to scrap decades-old 'Paramount' consent decrees enacted to protect movie theaters from powerful studios.

Reuters Business
Nov 18, 2019

Lawsuit claims Burger King's Impossible Whoppers are contaminated by meat
Burger King was sued on Monday by a vegan customer who accused the fast-food chain of contaminating its meatless "Impossible" Whoppers by cooking them on the same grills as its traditional meat burgers.

Reuters Business
Nov 18, 2019

Stocks climb on Huawei extension, buoying U.S. Treasuries
Global equity markets edged higher on Monday, lifting prices of U.S. government debt, as a new 90-day extension allowing U.S. companies to do business with China's Huawei eased the latest spike in investor angst over U.S.-Sino trade tensions.

Reuters Business
Nov 18, 2019

Amazon offers free music streaming service; rival Spotify slips
Amazon.com Inc said on Monday it has introduced an ad-supported free version of its music streaming service "Amazon Music".

Reuters Business
Nov 18, 2019

U.S. car safety agency head: NAFTA successor 'big win' for industry
The acting top U.S. auto safety official said on Monday he was confident the U.S. Congress will ratify the trade treaty intended to replace NAFTA, boosting the auto industry and enabling automakers to build safer cars at lower prices.

Reuters Business
Nov 18, 2019

Wall Street nudge up as investors await U.S.-China trade clarity
Wall Street's main indexes were very slightly higher on Monday after closing at records on Friday and investors digested mixed headlines on U.S.-China trade relations.

Reuters Business
Nov 18, 2019

Wall Street nudges up as investors await U.S.-China trade clarity
Wall Street's main indexes were very slightly higher on Monday after closing at records on Friday and investors digested mixed headlines on U.S.-China trade relations.

Reuters Business
Nov 18, 2019

California to stop buying GM, Toyota and Fiat Chrysler vehicles over emissions fight
California said on Monday it will halt all purchases of new vehicles for state government fleets from GM, Toyota and Fiat Chrysler and other automakers backing President Donald Trump in a battle to strip the state of authority to regulate tailpipe emissions.

Reuters Business
Nov 18, 2019

Fed's Mester: U.S. monetary policy 'in a good spot'
The current level of interest rates is appropriate for the U.S. economy and the Federal Reserve should now pause as it monitors how the economy evolves, Cleveland Fed President Loretta Mester said on Monday.

Reuters Business
Nov 18, 2019

Boost founder says willing to pay up to $2 billion to buy brand from Sprint
Boost Mobile founder Peter Adderton is willing to pay up to $2 billion to buy back the prepaid wireless brand from Sprint Corp , he told Reuters on Monday, a significant potential premium to what satellite TV provider Dish Network agreed to pay for Sprint's entire prepaid wireless business.

Reuters Business
Nov 18, 2019

Trump, Powell met Monday at White House to discuss economy
U.S. President Donald Trump and Federal Reserve Chair Jerome Powell met at the White House on Monday morning, their second meeting since Powell started the job in February 2017 and soon after became the target of frequent criticism from the president who had appointed him.

Reuters Business
Nov 18, 2019

U.S. growth outlook in 2020 improves despite trade risk: Fannie Mae
Fannie Mae on Monday upgraded its forecast for 2020 U.S. economic growth to 1.9% from 1.7%, arguing that consumer spending and the housing market will buoy gross domestic product if a "phase one" trade deal between the United States and China is signed.

Reuters Business
Nov 18, 2019

FedEx CEO challenges NYT publisher to public debate after tax story
FedEx Corp Chief Executive Frederick Smith has challenged the publisher of the New York Times & Co and the editor of the business section of the newspaper to a public debate in response to a story about the company's tax bill.

Reuters Business
Nov 18, 2019

Wall Street at record levels after U.S. extends Huawei reprieve
Wall Street hovered around record levels on Monday after Washington's move to grant an extension for U.S. companies to do business with China's Huawei helped ease some concerns around U.S.-China trade relations.

Reuters Business
Nov 18, 2019

Major FirstGroup shareholders call for U.S. asset sale
Two major FirstGroup shareholders on Monday called for the British bus and train operator to sell its U.S. assets as part of a portfolio overhaul which already includes the planned sale of North American intercity bus service Greyhound.

Reuters Business
Nov 18, 2019

Trump and Powell met Monday at White House to discuss economy
U.S. President Donald Trump and Federal Reserve Chair Jerome Powell met at the White House on Monday morning, the second meeting between the two since Powell became head of the Fed and faced withering criticism from Trump.

Reuters Business
Nov 18, 2019

Trump says 'cordial' talk with Fed's Powell covered negative interest rates, trade
U.S. President Donald Trump said he met with U.S. Federal Reserve Chairman Jerome Powell on Monday and discussed a wide range of topics including negative interest rates, monetary policy easing, dollar strength and U.S. trade with China and the European Union.

Reuters Business
Nov 18, 2019

Airbus dominates second day of Dubai show as Boeing wins MAX order
Gulf airlines Emirates and Air Arabia spent a combined $30 billion at list prices on Airbus jetliners as the Dubai Airshow burst into life on Monday, while Boeing won a symbolic first official order for the 737 MAX since its grounding in March.

Reuters Business
Nov 18, 2019

U.S. grants Huawei new 90-day license extension
The Trump administration on Monday issued a new 90-day extension allowing U.S. companies to continue doing business with China's Huawei Technologies Co Ltd as U.S. regulators continue crafting rules on telecommunications firms that pose national security risks.

Reuters Business
Nov 18, 2019

Dollar slips, stocks ease on fresh doubts on trade deal
The dollar slipped and global equity markets traded little changed on Monday, halting a rally that lifted a key index to just under a new high, after a media report cast fresh doubts on reaching phase one of a U.S.-China trade deal.

Reuters Business
Nov 18, 2019

Airbnb teams up with the IOC to provide Games accommodation
Short-term home rental company Airbnb Inc has joined the ranks of leading sponsors of the Olympic Games with a nine year deal to help provide accommodation for the world's biggest sporting event and cut the cost for host cities.

Reuters Business
Nov 18, 2019

Airbnb signs Olympics deal up to 2028
Airbnb has struck a deal to support the Olympic Games up to 2028, the short-term home rental company announced on Monday.

Reuters Business
Nov 18, 2019

Former drug executive Shkreli's appeal denied by U.S. Supreme Court
Former pharmaceutical executive Martin Shkreli will remain in prison after the U.S. Supreme Court on Monday rejected his effort to overturn his conviction and seven-year sentence for securities fraud and conspiracy.

Reuters Business
Nov 18, 2019

Wall St. slips as trade deal doubts return
Wall Street's main indexes eased from record levels on Monday after a report stoked fresh fears about a resolution to the U.S.-China trade dispute that has hit global growth and roiled financial markets over the past 16 months.

Reuters Business
Nov 18, 2019

T-Mobile CEO Legere to step down next year
T-Mobile US Inc Chief Executive Officer John Legere will step down next year, the company said on Monday, less than three weeks before it goes to trial to determine the fate of its planned $26.5 billion merger with smaller rival Sprint Corp .

Reuters Business
Nov 18, 2019

Coty takes $600 million bet on reality star Kylie Jenner's beauty brands
Coty Inc said on Monday it would pay $600 million for a majority stake in Kylie Jenner's make-up and skincare businesses, as it looks to tap into the reality TV star's huge social media reach, sending its shares up as much as 5%.

Reuters Business
Nov 18, 2019

Alibaba to close books early in $13.4 billion Hong Kong listing after strong demand: sources
Alibaba will stop taking orders from prospective institutional investors for its $13.4 billion secondary listing in Hong Kong earlier than expected after attracting strong demand, two people with direct knowledge of the matter said.

Reuters Business
Nov 18, 2019

Volkswagen cuts profit, sales forecasts as autos downturn bites
German carmaker Volkswagen cut its forecasts for operating profit and sales growth on Monday due to a downturn in demand for passenger cars, while keeping profit margin targets.

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