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January 18, 2020
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Lawyers for Huawei CFO call Canada prosecutor’s arguments ‘circular’

Reuters
Huawei Chief Financial Officer Meng Wanzhou leaves her home to attend a case management conference in advance of her extradition hearing at B.C. Supreme Court in Vancouver, British Columbia, Canada January 17, 2020. REUTERS/Jennifer Gauthier VANCOUVER/TORONTO (Reuters) – Extraditing Huawei Chief Financial Officer Meng Wanzhou to the United States based......
Reuters - Business

Netflix opens Paris office, plans new French-language series

Reuters
PARIS (Reuters) – U.S. television streaming company Netflix has opened a new Paris office and plans to develop more than 20 original French-language productions in 2020, it said on Friday. French Culture Minister Franck Riester, Reed Hastings, co-founder and CEO of Netflix and Paris Mayor Anne Hidalgo attend the inauguration......
Reuters - Business

Exclusive: Sinopec to review potential $16 billion U.S. gas deal with Cheniere – sources

Reuters
SINGAPORE (Reuters) – China’s Sinopec, expected to be the next major Chinese buyer of U.S. liquefied natural gas (LNG), is planning to review terms of a potential $16 billion supply deal with Cheniere Energy after a sharp drop in LNG prices, industry officials said. FILE PHOTO: A man stands next......
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Exclusive: China’s Ant aims for $200 billion price tag in private share sales – sources

Reuters
HONG KONG/BEIJING (Reuters) – Ant Financial [ANTFIN.UL] shares are being offered privately at levels which value the Chinese financial giant at $200 billion, two people with knowledge of the discussions said, lifting it up the ranks of the most valuable unlisted companies. FILE PHOTO: Employees are seen at the reception......
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Renault expects slight 2020 car market decline in Europe, Russia and China

Reuters
PARIS (Reuters) – Renault (RENA.PA) said on Friday it expected a slight decline in the car market in Europe, Russia and China this year after the French carmaker reported a 3.4% fall of worldwide sales in 2019 as China and Iran weighed. FILE PHOTO: A Renault Clio E-Tech Hybrid car......
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Comcast bets ads work on streaming TV, plans NBC Peacock debut for April

Reuters
NEW YORK (Reuters) – NBCUniversal’s new Peacock streaming service will offer free and $5-per-month options with advertising to try to win customers for its belated entry into the online video wars, the company announced on Thursday. NBCUniversal parent Comcast Corp is betting that viewers who have abandoned traditional pay TV......
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Eli Lilly targets quarterly deals of $1 billion-$5 billion in 2020: CFO

Reuters
SAN FRANCISCO (Reuters) – Eli Lilly and Co (LLY.N) aims to announce roughly one $1 billion to $5 billion deal every quarter in 2020, its chief financial officer told Reuters, as the U.S. drugmaker looks to build up its pipeline of future products. FILE PHOTO: Josh Smiley, senior vice president......
Reuters - Business

Comcast bets ads work on streaming TV, plans NBC Peacock debut for April

Reuters
NEW YORK (Reuters) – NBCUniversal’s new Peacock streaming service will offer free and $5-per-month options with advertising to try to win customers for its belated entry into the online video wars, the company announced on Thursday. NBCUniversal parent Comcast Corp is betting that viewers who have abandoned traditional pay TV......
Reuters - Business

Comcast’s Peacock streaming service to offer free and $5- or $10-a-month options

Reuters
NEW YORK (Reuters) – Comcast Corp-owned NBCUniversal’s new Peacock service, its belated entry into the streaming video wars, will offer free and $5-per-month options with advertising, the company announced on Thursday. A peacock is pictured outside NBC headquarters at Rockefeller Center in the Manhattan borough of New York City, New......
Reuters - Business

Which company just hit $1 trillion? Google it.

Reuters
NEW YORK (Reuters) – As Google-parent Alphabet Inc (GOOGL.O) became on Thursday the fourth U.S. company to top a market value of more than $1 trillion, some funds holding its shares are wondering whether now is the time to cash in on the stock’s extraordinary gains. FILE PHOTO: The logo......
Reuters - Business

European firms call for tougher EU approach to China

Reuters
BRUSSELS (Reuters) – European companies called on European Union policy-makers on Thursday to toughen their approach to China to secure a level playing field for European businesses. BusinessEurope, an organisation grouping business federations from 35 countries, said China was the most restrictive of the EU’s major trading partners — with......
Reuters - Business

Renault, Nissan share ‘real desire’ to make alliance work: chairman

Reuters
PARIS (Reuters) – Renault (RENA.PA) Chairman Jean-Dominique Senard said on Thursday there was a “real desire” within the top ranks of both companies for its alliance with Nissan to succeed, dismissing suggestions the partnership was on the rocks. Turmoil within the Franco-Japanese alliance, long dogged by internal rivalries, deepened following......
Reuters - Business

Comcast, late to the streaming party, to give details of NBC’s Peacock service

Reuters
NEW YORK (Reuters) – Comcast Corp on Thursday will reveal details of Peacock, its belated entry into the streaming wars, as it harnesses its NBCUniversal library and invests in new content in an effort to capture viewers abandoning cable TV. FILE PHOTO: The NBC and Comcast logo are displayed on......
Reuters - Business

China, U.S. sign initial trade pact but doubts and tariffs linger

Reuters
BEIJING/WASHINGTON (Reuters) – China will boost purchases of U.S. goods and services by $200 billion over two years in exchange for the rolling back of some tariffs under an initial trade deal signed by the world’s two largest economies, defusing an 18-month row that has hit global growth. Key world......
Reuters - Business

Trade deal touts financial sector wins; China to scrap securities business cap faster

Reuters
WASHINGTON/HONG KONG (Reuters) – The long-awaited U.S.-China trade deal touted new wins for U.S. companies looking to access China’s $40 trillion financial sector, but many of the changes were already in the works with Beijing stepping up the pace of opening up in the past year. Under the deal, China......
Reuters - Business

With a mixture of fanfare and grievance, Trump signs U.S.-China trade deal

Reuters
WASHINGTON (Reuters) – He listed familiar grievances, praised and criticized his guests, and seemed to blow off some steam. Chinese Vice Premier Liu He (L) reaches out to U.S. President Donald Trump (R) as he approaches the podium to speak during a signing ceremony for “phase one” of the U.S.-China......
Reuters - Business

U.S. and China tiptoe around holes in new trade agreement

Reuters
WASHINGTON (Reuters) – The United States and China signed an initial trade deal on Wednesday that will roll back some tariffs and boost Chinese purchases of U.S. products, defusing an 18-month row between the world’s two largest economies but leaving a number of sore spots unresolved. Beijing and Washington touted......
Reuters - Business

Trump urges Boeing to move fast on resolving 737 MAX issues

Reuters
WASHINGTON (Reuters) – U.S. President Donald Trump on Wednesday urged Boeing Co (BA.N) to move quickly to resolve issues with the grounded 737 MAX, noting the planemaker’s significant impact on the U.S. economy. U.S. President Donald Trump speaks prior to signing “phase one” of the U.S.-China trade agreement in the......
Reuters - Business

U.S. and China tiptoe around holes in new trade agreement

Reuters
WASHINGTON (Reuters) – The United States and China signed an initial trade deal on Wednesday that will roll back some tariffs and boost Chinese purchases of U.S. products, defusing an 18-month row between the world’s two largest economies but leaving a number of sore spots unresolved. Beijing and Washington touted......
Reuters - Business

Trump takes time in China deal signing to lament his Fed chair pick, again

Reuters
(Reuters) – A funny thing happened on the way to the U.S.-China trade deal signing: President Donald Trump may have tipped his next pick for head of the Federal Reserve — if he gets the chance. Among the dozen or so diversions Trump took in rambling introductory remarks before signing......

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