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December 6, 2019
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Airbus faces delivery challenge, poised to win jet order race

Reuters
PARIS (Reuters) – Airbus (AIR.PA) must hand a record number of aircraft to customers in December to meet delivery goals, company data showed on Thursday, and is all but certain of winning an annual order race against Boeing. FILE PHOTO: An Emirates Airline Airbus A380-800 takes off from Dubai International...
Reuters - Business

Tiffany profit falls short on weak demand in Americas, Hong Kong

Reuters
(Reuters) – Luxury jeweler Tiffany & Co (TIF.N), which is being bought by Louis Vuitton owner LVMH (LVMH.PA), missed market expectations for quarterly profit and sales on Thursday, hit by lower spending by foreign tourists in the United States and Hong Kong. The jeweler has been struggling to lure price-conscious...
Reuters - Business

Tiffany misses quarterly same-store sales estimates

Reuters
Tiffany & Co. jewelry is displayed in a store in Paris, France, November 25, 2019. REUTERS/Gonzalo Fuentes (Reuters) – Tiffany & Co (TIF.N), which is being bought by Louis Vuitton owner LVMH (LVMH.PA), fell short of Wall Street estimates for quarterly sales on Thursday as the luxury jeweler was hurt...
Reuters - Business

Fiat Chrysler disagrees with Italy tax agency on underestimating U.S. business

Reuters
FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen at the U.S. headquarters in Auburn Hills, Michigan, U.S. May 25, 2018. REUTERS/Rebecca Cook MILAN (Reuters) – Fiat Chrysler Automobiles (FCHA.MI) said on Thursday it strongly disagreed with a tax authority claim that it had underestimated the value of its...
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BMW sues air conditioning suppliers over price fixing

Reuters
FILE PHOTO: BMW i8 is displayed at the LA Auto Show in Los Angeles, California, U.S., November 20, 2019. REUTERS/Lucy Nicholson BERLIN (Reuters) – BMW is suing two of its suppliers over price fixing on air conditioning components, the German carmaker said on Wednesday. The case was first reported in...
Reuters - Business

UAW union leaders recommend approval of Fiat Chrysler labor deal

Reuters
DETROIT (Reuters) – United Auto Workers leaders from Fiat Chrysler Automobiles NV’s (FCHA.MI) (FCAU.N) U.S. plants on Wednesday recommended approval of a tentative labor agreement that would allow the Italian-American automaker to avoid a strike as it works to merge with France’s Groupe PSA. (PEUP.PA) FILE PHOTO: A Fiat Chrysler...
Reuters - Business

Modest Orange dividend overshadows European mobile mast plans

Reuters
PARIS (Reuters) – Orange (ORAN.PA) said it planned to carve out its mobile towers in most European countries to shore up the group’s value, but the move was overshadowed by the French telecom firm’s modest dividend outlook, sending its shares lower. FILE PHOTO: Orange logo is seen during the Mobile...
Reuters - Business

France’s Orange plans to set up European mobile mast company

Reuters
PARIS (Reuters) – Orange (ORAN.PA) said it planned to carve out its mobile towers in most European countries where it is present, in a move aimed at shoring up the telecom group’s value as tough competition in the region has hampered its growth and margins. FILE PHOTO: Orange logo is...
Reuters - Business

Proper U.S.-China trade deal more important than timing: Wilbur Ross

Reuters
(Reuters) – U.S. Commerce Secretary Wilbur Ross on Tuesday said it was more important to get a proper trade agreement with China than to get the deal done by this December or next December – after the 2020 presidential election. Ross told Reuters in an interview that the world’s two...
Reuters - Business

France fights back over U.S. tariff threat to Champagne, cheese

Reuters
PARIS/LONDON (Reuters) – France and the European Union said on Tuesday they were ready to retaliate if U.S. President Donald Trump acted on a threat to impose duties of up to 100% on imports of champagne, handbags and other French products worth $2.4 billion. The threat of punitive tariffs followed...
Reuters - Business

Factbox: France and others plan tax clampdown on digital giants

Reuters
PARIS (Reuters) – U.S. President Donald Trump’s administration threatened to impose duties of up to 100% on French imports worth $2.4 billion after it concluded a tax on digital services imposed by Paris would be “unusually burdensome” for U.S. technology companies. Paris is not alone among capitals in Europe and...
Reuters - Business

Explainer: Macron’s quest for an international tax on digital services

Reuters
PARIS (Reuters) – The United States has threatened punitive duties of up to 100% on $2.4 billion in imports from France of champagne, handbags, cheese and other products, after concluding that France’s new digital services tax would harm U.S. technology companies. FILE PHOTO: French President Emmanuel Macron is pictured through...
Reuters - Business

France and EU say primed to retaliate over U.S. tariff threat

Reuters
PARIS (Reuters) – France and the European Union said on Tuesday they are ready to retaliate if U.S. President Donald Trump acts on a threat to impose duties of up to 100% on imports of champagne, handbags and other French products worth $2.4 billion. The threat of punitive tariffs came...
Reuters - Business

European shares whacked lower as Trump says China trade deal may come only after Nov 2020 election

Reuters
LONDON (Reuters) – European shares fell back into the red on Tuesday, abandoning earlier efforts to claw their way back from three days of falls, as U.S. President Donald Trump said a trade deal with China might be delayed until after November 2020 elections. FILE PHOTO: The German share price...
Reuters - Business

France says primed to retaliate with EU over U.S. tariff threat against Paris

Reuters
PARIS (Reuters) – France and the European Union are ready to retaliate if U.S. President Donald Trump acts on a threat to impose duties of up to 100% on $2.4 billion in imports of champagne, handbags and other French products, the French government said on Tuesday. FILE PHOTO: French Finance...
Reuters - Business

France and EU ready to fight back over U.S. tariff threat, ministers say

Reuters
FILE PHOTO: French Finance Minister Bruno Le Maire attends a news conference in Boulogne-Billancourt, near Paris, France, November 7, 2019. REUTERS/Gonzalo Fuentes PARIS (Reuters) – France and the European Union are ready to fight back over the latest U.S. tariff threats on French products, French government ministers said on Tuesday....
Reuters - Business

France and EU ready to fight back over U.S. tariff threat: French ministers

Reuters
FILE PHOTO: French Finance Minister Bruno Le Maire attends a news conference in Boulogne-Billancourt, near Paris, France, November 7, 2019. REUTERS/Gonzalo Fuentes PARIS (Reuters) – France and the European Union are ready to fight back over the latest U.S. tariff threats on French products, French government ministers said on Tuesday....
Reuters - Business

Fund managers deploy machines to decipher British election riddle

Reuters
LONDON (Reuters) – Question: How do you predict the outcome of a snap election when so many polls have been so wrong, half of voters haven’t made up their minds and the crucial factor may not be who wins, but how much they win by? FILE PHOTO: Union Jack flags...

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