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Reuters Business
Oct 19, 2018

Strong corporate earnings power rebound on Wall St
U.S. stocks rose broadly on Friday, as a raft of strong corporate earnings helped allay concerns over growth risks in Europe and political tensions in Saudi Arabia that drove a 1 percent drop a day earlier.

Reuters Business
Oct 19, 2018

Daimler issues profit warning on diesel woes, shares hit five-year low
German luxury carmaker Daimler AG issued its second profit warning in four months on Friday, saying that costs from "government proceedings and measures in various regions" affecting its diesel vehicles were mainly to blame.

Reuters Business
Oct 19, 2018

U.S. existing home sales fall for sixth straight month
U.S. home sales fell in September by the most in over two years as the housing market continued to struggle despite strength across the broader economy.

Reuters Business
Oct 19, 2018

Honeywell says tariff-related costs to weigh on margins in 2019
Honeywell International Inc said on Friday costs related to trade tariffs could put pressure on margins in 2019.

Reuters Business
Oct 19, 2018

Europe urges China to open up at Asia summit
European governments pressed China on Friday to allow greater foreign investment in its economy, using a two-day summit with Asian leaders to push back against U.S. protectionism but facing familiar resistance from Beijing over state subsidies.

Reuters Business
Oct 19, 2018

Dell to take $21.7 billion tracking stock offer to December vote: sources
Dell Technologies Inc will ask holders of "tracking stock" tied to its software company VMware Inc to vote on its $21.7 billion cash-and-stock offer to buy it back from them on Dec. 11, according to people familiar with the matter.

Reuters Business
Oct 19, 2018

EU Commission approves Microsoft's acquisition of Github
The European Commission approved on Friday the acquisition of software development tool maker GitHub by software giant Microsoft without conditions saying the purchase would not damage competition in the sector.

Reuters Business
Oct 19, 2018

Product demand helps Procter & Gamble beat profit, sales estimates
Procter & Gamble Co reported first-quarter profit that beat estimates and sales that unexpectedly rose on Friday, thanks to robust demand for its beauty and cleaning products, helping it stave off rivalry from cheaper store-branded products.

Reuters Business
Oct 19, 2018

Wall Street set to rebound on strong earnings
U.S. stocks were set to open higher on Friday as a handful of major U.S. companies posted strong results, helping to relieve concerns about political and growth risks in Europe and Saudi Arabia that drove a 1 percent fall a day earlier.

Reuters Business
Oct 19, 2018

Facebook hires Nick Clegg as head of global affairs
Facebook Inc has hired former U.K. Deputy Prime Minister Nick Clegg to lead its global affairs and communications team, making him the most senior European politician ever in a leadership role in Silicon Valley.

Reuters Business
Oct 19, 2018

Schlumberger reports slight profit beat despite sluggish U.S. growth
Oilfield services provider Schlumberger NV on Friday reported a slight profit beat but said that the pace of growth in North America had slowed due to transportation bottlenecks in the largest U.S. shale basin.

Reuters Business
Oct 19, 2018

Investors sell Italian bonds, bank shares as EU warns on Italy budget
Investors shed Italian bonds on Friday, driving their yields to 4-year highs while the euro fell to a 2-month low as the European Union called Rome's draft budget an "unprecedented" breach of EU fiscal rules.

Reuters Business
Oct 19, 2018

Clash over Trump tariffs heats up with barrage of WTO litigation
Disputes over U.S. tariffs and retaliatory moves by other states have sparked 12 requests for adjudication at the World Trade Organization, signalling an escalation in global trade tensions.

Reuters Business
Oct 19, 2018

Procter & Gamble posts surprise sales rise, profit beats
Procter & Gamble Co reported a surprise rise in first-quarter sales on Friday on strong demand for its beauty products and cleaning supplies, helping it in its fight against competition from cheaper store-branded products.

Reuters Business
Oct 19, 2018

P&G, Honeywell soothe Wall St after sell-off
U.S. stock futures ticked higher on Friday as a handful of major U.S. corporations beat results forecasts, offsetting concerns about political and growth risks in Europe, China and Saudi Arabia that drove a 1 percent fall a day earlier.

Reuters Business
Oct 19, 2018

Both sides escalate US tariffs fight at the WTO, agenda confirms
Disputes over U.S. President Donald Trump's trade tariffs and their consequences are being escalated at the World Trade Organization, with 12 requests for adjudication shown on Friday in an agenda for the WTO's Oct. 29 dispute settlement meeting.

Reuters Business
Oct 19, 2018

Schlumberger profit rises, fueled by higher oilfield services demand
Schlumberger NV's third-quarter profit rose 18.2 percent on higher oilfield services demand and the company said it expects the current pipeline bottlenecks in the Permian basin to be addressed within the next 12 to 18 months.

Reuters Business
Oct 19, 2018

With market on edge, investors look to tech trio
The pressure is on for Amazon, Alphabet and Microsoft as they prepare to report quarterly results at a time when confidence in those market leaders looks increasingly fragile and in danger of derailing Wall Street's rally.

Reuters Business
Oct 19, 2018

Exclusive: OPEC, allies struggle to fully deliver pledged oil output boost - internal document
OPEC is struggling to add barrels to the market after agreeing in June to increase output, an internal document seen by Reuters showed, as an increase in Saudi Arabia was offset by declines in Iran, Venezuela and Angola.

Reuters Business
Oct 19, 2018

Honeywell profit beats on strong aero, warehouse automation sales
Honeywell International Inc reported better-than-expected quarterly profit on Friday and lifted its full-year forecasts for cash flow and margins, driven by strong sales of aircraft parts and warehouse automation products.

Reuters Business
Oct 19, 2018

Tesla rises after co launches new Model 3 for $45,000
- Shares of electric carmaker up 1.6 pct at $268.21 premarket

Reuters Business
Oct 19, 2018

EU to sign trade deal with Singapore, avoid criticizing China
The European Union was set to sign a trade deal with Singapore on Friday after talks with Asian leaders keen to push back against U.S. protectionism, but efforts to encourage China to drop state subsidies ran into resistance from Beijing.

Reuters Business
Oct 19, 2018

No room at the inn: Central Europe student housing crunch attracts investors
Wroclaw's hulking Soviet-era public dormitories held little appeal for Odysseas Savvas when he moved to the Polish city from Greece to study business at university. Instead, he opted for his own room and bathroom in a newly built private residence.

Reuters Business
Oct 19, 2018

Ford CEO seeks to rally dealers as shares sink to new low
With Ford Motor Co's stock at nearly a nine-year low and the company squeezed by tariffs and trade tensions, Chief Executive Jim Hackett sought to restore confidence among dealers gathered in Las Vegas this week, days ahead of third-quarter results.

Reuters Business
Oct 19, 2018

UK should bring forward new petrol and diesel car ban to 2032 - lawmakers
Britain should bring forward a ban on the sale of new petrol and diesel cars and vans by eight years to 2032 to help the country reduce its greenhouse gas emissions, a parliamentary committee said on Friday.

Reuters Business
Oct 19, 2018

China's regulators rush to rally market confidence, boosting shares
China's regulators lined up to rally market confidence on Friday with new rules, measures and words of comfort as shares brushed near four-year lows for the second straight day before surging.

Reuters Business
Oct 19, 2018

EU to sign trade deal with Singapore, eyes deeper Asia ties
The European Union will sign a trade agreement with Singapore on Friday, the highlight of a two-day meeting of 51 European and Asian leaders and a signal of the EU's push for open market accords with Asian countries.

Reuters Business
Oct 19, 2018

Europe-Asia statement to avoid China subsidies criticism: draft
A final communique for the Europe-Asia leaders summit will not include language calling for an end to trade and market distorting measures by governments at China's request, according to the latest draft and EU diplomats.

Reuters Business
Oct 19, 2018

Euro, Italian bonds sold as EU warns on Italy budget
Investors sold Italian bonds and the euro on Friday, with Italy's bond yield hitting four-year highs as the European Union called its draft budget an "unprecedented" breach of EU fiscal rules.

Reuters Business
Oct 19, 2018

China moves to lift confidence as economic growth hits weakest pace since 2009
China's economic growth cooled to its weakest quarterly pace since the global financial crisis, with regulators moving quickly to calm nervous investors as a years-long campaign to tackle debt risks and the trade war with the United States began to bite.

Reuters Business
Oct 19, 2018

Vivendi CEO denies company wants to call Telecom Italia shareholder meeting on board
A report Vivendi is thinking of calling a shareholder meeting at Telecom Italia to appoint four more board members are off the mark, the French media group's CEO said.

Reuters Business
Oct 19, 2018

SAIC VW starts work on $2.5 billion China plant in Audi pivot
Volkswagen AG's China venture with SAIC Motor Corp Ltd has started building a $2.5 billion new energy vehicle (NEV) plant in Shanghai, which will make VW's luxury Audi AG brand cars, a possible first for the venture.

Reuters Business
Oct 19, 2018

Italy's Armani will remain independent: paper
Italian fashion house Giorgio Armani has been approached by many suitors but intends to remain an independent player, the company's founder and owner said in an interview in MF daily on Friday.

Reuters Business
Oct 19, 2018

Asia shares erase losses as China's market support helps Shanghai surge
Asian stocks clawed back losses on Friday as China's efforts to bolster investor confidence helped its share markets rally, although data showing the world's second-largest economy growing at the slowest pace since 2009 capped broader gains.

Reuters Business
Oct 19, 2018

Asia shares erase losses as China's steps help Shanghai recover
Asian stocks erased losses on Friday as China shares recovered after government statements sought to bolster market confidence following data showing the slowest Chinese economic quarterly growth since the global financial crisis.

Reuters Business
Oct 19, 2018

China economic growth weakest since 2009, government moves to lift confidence
China's economic growth cooled to its weakest pace since the global financial crisis in the third quarter, with regulators pledging further policy support as a years-long campaign to tackle debt risks and the trade war with the United States began to bite.

Reuters Business
Oct 19, 2018

Asia air cargo market gets e-commerce boost as trade war yet to bite
Strong e-commerce demand is fuelling Asia's air freight market, with the U.S.-China trade war having minimal negative impact so far and in some cases even boosting shipments, industry executives said on Friday.

Reuters Business
Oct 19, 2018

China economic growth slips to weakest since 2009, demand ebbs as trade war bites
China's economic growth cooled to its weakest pace since the global financial crisis in the third quarter, with regulators pledging further policy support as a years-long campaign to tackle debt risks and the trade war with the United States began to bite.

Reuters Business
Oct 19, 2018

China's real estate investment slows in September as caution sinks in
Growth in China's real estate investment eased in September and home sales fell for the first time since April, as developers dialed back expansion plans amid economic uncertainties and as additional curbs on speculative investment kicked in.

Reuters Business
Oct 18, 2018

China economic growth slumps to weakest since 2009, demand ebbs as trade war bites
China's economic growth cooled to its weakest pace since the global financial crisis in the third quarter, raising pressure on Beijing to step up policy support as a years-long campaign to tackle debt risks and the trade war with the United States began to bite.

Reuters Business
Oct 18, 2018

China September coal output hits nine-month high as new capacity starts up
China's coal output hit its highest in nine months in September, government data showed on Friday, boosted as new mining capacity started up in the country's northwest.

Reuters Business
Oct 18, 2018

Asia shares slide further as weak China growth adds to woes
Asian stocks slipped further on Friday as China posted its weakest economic growth since the global financial crisis, adding to market concerns about trade disputes, rising U.S. interest rates and Italy's free-spending budget.

Reuters Business
Oct 18, 2018

China's September property investment slows, sales fall
Growth in China's real estate investment eased in September and home sales fell for the first time since April, pointing to growing strains in a major driver of economic activity.

Reuters Business
Oct 18, 2018

China's third quarter GDP growth slowest since 2009, misses expectations
China's third quarter economic growth slowed to its weakest pace since the global financial crisis, and missed expectations, as a years-long campaign to tackle debt risks and the trade war with the United States began to bite.

Reuters Business
Oct 18, 2018

Instant View: China's third quarter GDP rises 6.5 percent year-on-year, slowest since 2009
China's third quarter economic growth slowed to its weakest pace since the global financial crisis, and missed expectations, as a years-long campaign to tackle debt risks and the trade war with the United States began to bite.

Reuters Business
Oct 18, 2018

China able to reach 2018 growth target: stats bureau
China will be able to reach its full-year economic growth target of around 6.5 percent in 2018 even as downward pressure increases, and will be able to maintain steady growth next year, a spokesman of the country's statistics bureau said on Friday.

Reuters Business
Oct 18, 2018

Australia's NAB cuts 300 staff over wrongdoing
About 300 staff of National Australia Bank have been fired or left the company as a result of internal investigations into wrongdoing, Chief Executive Andrew Thorburn said on Friday, following public revelations of misconduct across the sector.

Reuters Business
Oct 18, 2018

China September industrial output weakens; investment, retail sales beat expectations
China's industrial output grew 5.8 percent in September from a year earlier, missing expectations, while fixed-asset investment growth rose to 5.4 percent in the first nine months, above forecasts, data showed on Friday.

Reuters Business
Oct 18, 2018

China third quarter GDP growth slows to 6.5 percent year-on-year, missing forecast
China's economy grew at a slower than expected pace of 6.5 percent in the third quarter from a year earlier, marking the weakest rate since the global financial crisis, official data showed on Friday.

Reuters Business
Oct 18, 2018

Asia shares extend slump as global sentiment sours
Stocks in Asia fell on Friday as global sentiment soured on issues ranging from trade worries, Italy's 2019 budget, higher U.S. interest rates and growth concerns in China that led to a slump in Chinese shares in the previous session.

Reuters Business
Oct 18, 2018

Australia's NAB cuts 300 bankers over wrongdoing
About 300 staff of National Australia Bank have been fired or left the company as a result of internal investigations into wrongdoing, Chief Executive Andrew Thorburn said on Friday, following public revelations of misconduct across the sector.

Reuters Business
Oct 18, 2018

Tesla launches new $45,000 Model 3
Tesla Inc on Thursday introduced a new $45,000 version of its Model 3 sedan on its website, launching the car as U.S. tax breaks for Tesla cars are about to decrease.

Reuters Business
Oct 18, 2018

Exclusive: U.S. asks for WTO panel over metals tariff retaliation
The United States is requesting that a World Trade Organization dispute resolution panel get involved in a clash over international retaliation over U.S. tariffs on steel and aluminum, according to a U.S. official familiar with the matter.

Reuters Business
Oct 18, 2018

UK should bring forward new petrol and diesel car ban to 2032: lawmakers
Britain should bring forward a ban on the sale of new petrol and diesel cars and vans by eight years to 2032 to help the country reduce its greenhouse gas emissions, a parliamentary committee said on Friday.

Reuters Business
Oct 18, 2018

Exclusive: U.S. asks for WTO panel over metals tariffs retaliation
The United States is requesting that a World Trade Organization dispute resolution panel get involved in a clash over international retaliation over U.S. tariffs on steel and aluminum, according to a U.S. official familiar with the matter.

Reuters Business
Oct 18, 2018

China asks WTO to set up panel to discuss U.S. steel, aluminum measures
China has filed a request with the World Trade Organisation to establish an expert group to determine the legality of tariffs imposed by the United States on imports of steel and aluminum, the Ministry of Commerce said late on Thursday.

Reuters Business
Oct 18, 2018

Tesla launches new Model 3 with mid-range battery: Electrek
Tesla Inc is launching a new version of its Model 3 sedan with a "mid-range" battery priced at $45,000, automotive news website Electrek reported on Thursday.

Reuters Business
Oct 18, 2018

Mexico's Walmex third-quarter profit driven by solid sales
Mexico's biggest retailer, Wal-Mart de Mexico , reported on Thursday a 7.9 percent rise in third-quarter revenue, capitalizing on sales traffic in Mexico that compensated for slow growth in Central America and a tough comparison base.

Reuters Business
Oct 18, 2018

Goldman Sachs joins growing band of businesses snubbing Saudi conference
Goldman Sachs Group Inc on Thursday joined the growing list of high-profile businesses snubbing a Saudi investment conference next week amid mounting pressure on Riyad over the disappearance of journalist Jamal Khashoggi.

Reuters Business
Oct 18, 2018

PayPal quarterly profit beats estimates, shares rise
PayPal Holdings Inc on Thursday reported a third-quarter profit that beat analysts' estimates as the company signed up more new customers and volume of payments processed rose.

Reuters Business
Oct 18, 2018

Amazon to open Manchester office as it adds 1,000 British jobs
Amazon.com is opening its first office in Manchester, northern England, and expanding two other centers to house 1,000 new R&D roles in what it said was a major new investment in British innovation.

Reuters Business
Oct 18, 2018

Micron to buy Intel's stake in joint venture IM Flash Technologies
Micron Technology Inc said on Thursday it would buy Intel Corp's non-controlling interest in their IM Flash Technologies joint venture for about $1.5 billion in cash.

Reuters Business
Oct 18, 2018

AIG sees third-quarter catastrophe losses of $1.5 billion-$1.7 billion
Insurer American International Group Inc said on Thursday it expects third-quarter pre-tax catastrophe losses, net of reinsurance, of between $1.5 billion and $1.7 billion.

Reuters Business
Oct 18, 2018

Banks urge U.S. regulators to reconsider 'Volcker Rule' tweaks
Banks on Thursday pushed back on how regulators are attempting to simplify rules prohibiting banks from trading on their own account, a development that is likely to delay efforts to wrap up the overhaul in the coming months.

Reuters Business
Oct 18, 2018

Global stocks tumble on souring sentiment; oil falls
Stocks fell sharply on Thursday while the Japanese yen rose in a move toward safety assets, with traders citing the Sino-U.S. trade war, Italy's budget concerns and a widening gap between the United States and Saudi Arabia.

Reuters Business
Oct 18, 2018

Campbell, Third Point battle heats up, no concessions on the table
Activist investor Daniel Loeb and Campbell Soup Co hardened their positions in the battle over the soup maker's future on Thursday as the hedge fund manager tried to woo retail shareholders and the company's interim chief executive told Reuters that Loeb had left no room for compromise.

Reuters Business
Oct 18, 2018

AmEx tops profit estimates on higher consumer spending
American Express Co topped Wall Street estimates for third-quarter profit on Thursday and lifted its yearly earnings forecast, as a strengthening U.S. economy powered higher credit card spending.

Reuters Business
Oct 18, 2018

Wall St. slides as Saudi Arabia, Italy add to economic concerns
U.S. stocks fell more than 1 percent on Thursday as the European Commission issued a warning regarding Italy's budget and concerns mounted over the possibility of strained relations between the United States and Saudi Arabia, further denting investors' appetite for risk amid global trade tensions and rising interest rates.

Reuters Business
Oct 18, 2018

Mexico's Walmex reports third quarter net profit of 8.7 billion pesos
Mexican retailer Walmart de Mexico reported third-quarter net profit on Thursday of 8.7 billion pesos ($464 million), modestly beating analysts' expectations.

Reuters Business
Oct 18, 2018

De Beers eyes tech markets for synthetic diamonds future
Anglo American unit De Beers is going after lucrative, but elusive high-tech markets in quantum computing, as it aims to expand its lab-grown diamond business beyond drilling and cutting.

Reuters Business
Oct 18, 2018

Goldman Sachs sees five more Fed rate hikes through end of 2019
Goldman Sachs economists on Thursday said the firm remained "comfortable" with its call for five more interest rate hikes — two more than priced in financial markets — through the end of 2019.

Reuters Business
Oct 18, 2018

Goldman Sachs says executives will not attend Saudi conference
Goldman Sachs Group Inc will not send any of its executives to a Saudi investment conference next week, Chief Executive Officer David Solomon said in an interview with CNBC on Thursday.

Reuters Business
Oct 18, 2018

Internet provider groups sue Vermont over net neutrality law
Four industry groups representing major internet providers and cable companies filed suit on Thursday seeking to block Vermont's state law barring companies that do not abide by net neutrality rules from receiving state contracts.

Reuters Business
Oct 18, 2018

Wall St. slides on Saudi Arabia, Italy concerns
U.S. stocks fell more than 1 percent on Thursday as the European Commission issued a warning regarding Italy's budget and concerns mounted over the possibility of strained relations between the United States and Saudi Arabia.

Reuters Business
Oct 18, 2018

Colgate halts Venezuela detergent plant for lack of boxes
U.S. consumer goods maker Colgate-Palmolive Co has halted production at its detergent and dish soap plant in Venezuela because it lacked cardboard boxes to ship products, a union leader said on Thursday.

Reuters Business
Oct 18, 2018

Campbell Soup CEO sees no room for concessions to Third Point
Campbell Soup Co interim Chief Executive Keith McLoughlin does not believe that there are any concessions to be made in an ongoing proxy fight with hedge fund Third Point LLC, he told Reuters on Thursday.

Reuters Business
Oct 18, 2018

Casino confident on disposal plan, third-quarter sales accelerate
French retailer Casino , which is battling investor concern over its high debt, said sales growth accelerated in the third quarter, reflecting an improving performance in France and Brazil and it predicted a similar trend for the fourth quarter.

Reuters Business
Oct 18, 2018

Senator Warren urges Fed to require removal of Wells Fargo CEO
U.S. Senator Elizabeth Warren said on Thursday the Federal Reserve should not allow Wells Fargo & Co to grow in size until the bank replaces Chief Executive Officer Tim Sloan.

Reuters Business
Oct 18, 2018

VW's Porsche expects to repeat record vehicle sales this year
Volkswagen's Porsche sports car brand is confident it can repeat last year's record sales in 2018, the division's chief executive told Reuters.

Reuters Business
Oct 18, 2018

Busy as a Jollibee: Asia's fast-food giant expands abroad
Jollibee Foods , a major Asian fast-food operator, hopes to generate half its sales outside its home market of the Philippines within five to seven years, up from 30 percent now, its chief executive told Reuters.

Reuters Business
Oct 18, 2018

Souring sentiment drags global stocks lower; oil falls
Stocks fell on Thursday while German and U.S. bond prices rose in a move toward safety assets, with traders citing the Sino-U.S. trade war, Italy's budget concerns and a widening gap between the United States and Saudi Arabia.

Reuters Business
Oct 18, 2018

Wall Street slides on weak earnings, hawkish Fed, Saudi concerns
U.S. stocks sank more than 1 percent on Thursday as weak industrial earnings raised worries about rising expenses and the impact of tariffs, adding to concerns over higher borrowing costs after hawkish commentary in the Federal Reserve's minutes.

Reuters Business
Oct 18, 2018

Michelin cuts market forecasts on EU emissions squeeze, China slowdown
French tire maker Michelin cut its full-year market forecasts on Thursday and said a sales slowdown would worsen in the fourth quarter, blaming weaker Chinese vehicle demand and new emissions standards that have hit European registrations.

Reuters Business
Oct 18, 2018

Starbucks to let Mexico's Alsea operate stores in four European markets
Starbucks Corp said on Thursday it would give its longtime partner Mexico's Alsea SAB the rights to operate its cafes in France, the Netherlands, Belgium and Luxembourg as the coffee chain tries to streamline its operations in markets where sales have struggled.

Reuters Business
Oct 18, 2018

Blackstone waves off concerns over Saudi funding
Blackstone Group LP , the U.S. buyout firm which is relying on Saudi Arabia to provide half the money for its planned $40 billion infrastructure fund, waved off concerns about funding on Thursday even as controversy rages over the disappearance of a Saudi journalist that has frayed relations between Wall Street and the oil-rich kingdom.

Reuters Business
Oct 18, 2018

U.S. probes 54,400 Ford trucks over tailgate complaints
The National Highway Traffic Safety Administration (NHTSA) said Thursday it had opened a preliminary investigation into 54,400 Ford Motor Co pickup trucks after receiving five complaints that tailgates had unexpectedly opened while the vehicles were in motion.

Reuters Business
Oct 18, 2018

Square introduces new payment terminal for small businesses
Square Inc, the company led by Twitter Inc Chief Executive Jack Dorsey, on Thursday launched a payment terminal for small business clients, expanding its suite of hardware products.

Reuters Business
Oct 18, 2018

Sales growth accelerates at retailer Casino in third quarter, keeps goals
French retailer Casino , which is battling investor concern over its high debt, said that sales growth accelerated in the third quarter, reflecting an improving performance in its core French market and in Brazil.

Reuters Business
Oct 18, 2018

Wall Street hit by weak industrial earnings, hawkish Fed
U.S. stocks fell on Thursday as weak earnings reports from industrials raised worries about rising expenses and the impact of tariffs, adding to concerns over higher borrowing costs after hawkish commentary in the Federal Reserve's minutes.

Reuters Business
Oct 18, 2018

Coca-Cola names company veteran Brian Smith chief operating officer
Coca-Cola Co on Thursday appointed company veteran Brian Smith as its chief operating officer, a role that has been vacant since former COO James Quincey became chief executive officer last year.

Reuters Business
Oct 18, 2018

Factbox: Trade-in incentives in Germany to replace old diesel cars
Carmakers have started offering trade-in incentives in Germany to encourage customers to scrap older diesel vehicles and buy more sustainable engines.

Reuters Business
Oct 18, 2018

Dollar rides a Fed wave higher; stocks, oil drop
The U.S. dollar index rose on Thursday alongside Treasury yields after Federal Reserve policymakers showed unity in favoring more rate hikes next year.

Reuters Business
Oct 18, 2018

SAP plays down margin fears, prioritizes growth: CFO
Faster than expected growth in its cloud business has pressured margins at German business software company SAP , but for Chief Financial Officer Luka Mucic that's a good problem to have.

Reuters Business
Oct 18, 2018

Motor racing: McLaren sign short-term partnership with Coca-Cola
McLaren have signed a partnership with Coca-Cola until the end of the season that will see the soft drinks company's brand appear on a Formula One car for the first time, the team announced on Thursday.

Reuters Business
Oct 18, 2018

Pricing boost helps Philip Morris quarterly results to beat estimates
Philip Morris International , maker of Marlboro cigarettes, maintained its full-year guidance on Thursday after higher pricing helped it to report better than expected quarterly sales and profit.

Reuters Business
Oct 18, 2018

Ryanair makes no concessions to Polish union demands on contracts
Ryanair will press ahead with plans to move Polish staff on to self-employed contracts, Ryanair's Chief Marketing Officer Kenny Jacobs said in an interview with Reuters.

Reuters Business
Oct 18, 2018

Third Point video urges retail investors to replace Campbell Soup board
Activist investor Daniel Loeb turned up the heat on Campbell Soup Co on Thursday with a video aimed at persuading retail investors to vote with his hedge fund Third Point LLC to replace the food company's entire board of directors.

Reuters Business
Oct 18, 2018

Wall Street drops after weak industrial earnings, hawkish Fed
U.S. stocks fell on Thursday as weak earnings reports from industrials raised worries over rising expenses and the impact of tariffs, adding to concerns of higher borrowing costs after hawkish commentary in the Federal Reserve's minutes.

Reuters Business
Oct 18, 2018

Starbucks to let Mexico's Alsea operate stores in four European nations
Starbucks Corp said on Thursday it would give its longtime partner Mexico's Alsea SAB the rights to operate its cafes in France, the Netherlands, Belgium and Luxembourg as the coffee chain looks to trim costs and battle competition.

Reuters Business
Oct 18, 2018

U.S. Senator Warren urges Fed to require removal of Wells Fargo CEO
U.S. Senator Elizabeth Warren said on Thursday the Federal Reserve should not allow Wells Fargo & Co to grow in size until the bank replaces Chief Executive Officer Tim Sloan.

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