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December 6, 2019
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Reuters - Business

Stocks rally, dollar gains on robust U.S. jobs data

Reuters
NEW YORK (Reuters) – The dollar rose and global equity markets rallied on Friday after data showed U.S. job growth increased by the most in 10 months in November, putting to rest fears of recession and briefly taking the spotlight off the U.S.-China trade talks. FILE PHOTO: Traders work on...
Reuters - Business

Bayer reaches agreement to postpone more glyphosate lawsuits for settlement talks

Reuters
FILE PHOTO: The logo of Bayer AG is pictured outside a plant of the German pharmaceutical and chemical maker in Wuppertal, Germany August 9, 2019. REUTERS/Wolfgang Rattay FRANKFURT (Reuters) – Germany’s Bayer (BAYGn.DE) has agreed with plaintiffs to postpone its next two U.S. lawsuits over the alleged cancer-causing effects of...
Reuters - Business

Aston Martin CEO says shareholders in it for the long-term, not soliciting participation

Reuters
An Aston Martin logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019. REUTERS/Pierre Albouy ST ATHAN, Wales (Reuters) – Aston Martin’s two major shareholders are in it for the long term and the company is not actively soliciting participation, the firm’s boss said...
Reuters - Business

Saudi Aramco shares to start trading December 11: Tadawul exchange

Reuters
FILE PHOTO: A sign of Saudi Aramco’s initial public offering (IPO) is seen during a news conference by the state oil company at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. REUTERS/Hamad I Mohammed/File Photo DUBAI (Reuters) – Saudi Aramco (2222.SE) shares will start trading on Dec....
Reuters - Business

H&M’s brand COS to test clothing rentals in China with YCloset

Reuters
The H&M clothing store is seen in Times Square in Manhattan, New York, U.S., November 15, 2019. REUTERS/Mike Segar STOCKHOLM (Reuters) – H&M (HMb.ST), the world’s second-biggest fashion group, said on Friday its brand COS had teamed up with Chinese subscription rental platform YCloset to try renting out clothes in...
Reuters - Business

Britain’s Phoenix to buy Swiss Re’s ReAssure business for $4.1 billion

Reuters
LONDON/ZURICH (Reuters) – Phoenix Group Holdings (PHNX.L) has agreed to buy the British business of Swiss Re (SRENH.S) for 3.2 billion pounds ($4.1 billion) in cash and shares, the UK insurer’s biggest deal to date, driving the two companies’ shares higher. The logo of Swiss insurer Swiss Re is seen...
Reuters - Business

‘Moving right along’? Shares nudge up after Trump trade talk

Reuters
LONDON (Reuters) – World shares ticked up on Friday, buoyed by comments from U.S. President Donald Trump that talks aimed at dialling down the damaging trade war with China were “moving right along”. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December...
Reuters - Business

Asian shares gain as Trump fuels trade deal optimism, oil firm on OPEC+ output cut

Reuters
SYDNEY/TOKYO (Reuters) – Asian stocks gained on Friday as investors took heart from U.S. President Donald Trump saying trade talks with China were “moving right along”, and U.S. oil prices sat near 2-1/2-month highs after OPEC and other producers agreed to cut output. FILE PHOTO: An investor looks at an...
Reuters - Business

Uber says it received over 3,000 reports of sexual assault in U.S. in 2018

Reuters
(Reuters) – Ride-hailing firm Uber Technologies Inc said it received over 3,000 reports of sexual assault related to its 1.3 billion rides in the United States last year, in a report aimed at ensuring drivers and the public it was serious about safety. FILE PHOTO: The Uber logo is displayed...
Reuters - Business

Asian shares firm, oil near two-month high after deeper output cut

Reuters
TOKYO (Reuters) – Asian stocks held firm on Friday as U.S. President Donald Trump’s rhetoric kept investors’ hopes up on a trade deal with China, while oil sat near two-month highs after producers led by Saudi Arabia and Russia agreed on further output cuts. FILE PHOTO: An investor looks at...
Reuters - Business

Global stocks falter on trade uncertainty; sterling gains

Reuters
NEW YORK (Reuters) – The dollar slid and global equity markets traded little changed on Thursday as enthusiasm over Apple shares was offset by doubts about the likelihood of a “phase one” trade deal before a new round of U.S. tariffs on Chinese imports begins in 10 days. Traders work...
Reuters - Business

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

Saudi Aramco prices shares at top of range in world’s biggest IPO

Reuters
DUBAI/RIYADH Reuters) – State-owned oil giant Saudi Aramco’s initial public offering (IPO) will be the biggest in history, but will still fall significantly short of the towering $2 trillion valuation long sought by Crown Prince Mohammed bin Salman. Aramco priced its IPO at 32 riyals ($8.53) per share, the top...
Reuters - Business

Billionaire Lawrence Stroll seeks big stake in Aston Martin: report

Reuters
LONDON (Reuters) – Canadian billionaire Lawrence Stroll, owner of Formula One team Racing Point, is preparing a bid for a major stake in Aston Martin (AML.L), Autocar magazine reported, sending the luxury sports car maker’s battered shares up 17% on Thursday. Aston Martin, the drive of choice for fictional British...
Reuters - Business

GM, LG Chem set $2.3 billion electric vehicle battery venture in Ohio

Reuters
WARREN, Michigan (Reuters) – General Motors Co (GM.N).and South Korea’s LG Chem (051910.KS) said on Thursday they will invest $2.3 billion to set up an electric vehicle battery cell joint venture plant in Ohio, creating one of the world’s largest battery facilities. FILE PHOTO: A view of the entrance to...
Reuters - Business

GM, LC Chem set $2.3 billion electric vehicle battery venture in Ohio

Reuters
WARREN, Michigan (Reuters) – General Motors Co (GM.N).and South Korea’s LG Chem (051910.KS) said on Thursday they will invest $2.3 billion to set up an electric vehicle battery cell joint venture plant in Ohio, creating one of the world’s largest battery facilities. FILE PHOTO: A view of the entrance to...
Reuters - Business

BP increases stake in solar energy firm Lightsource BP

Reuters
FILE PHOTO: The logo of BP is seen at a petrol station in Kloten, Switzerland October 3, 2017. REUTERS/Arnd Wiegmann/File Photo LONDON (Reuters) – BP (BP.L) is increasing its stake in solar energy developer Lightsource BP to 50% from 43% and is aiming for rapid growth over the next few...
Reuters - Business

Stocks keep the faith, sterling gallops higher

Reuters
LONDON (Reuters) – Stocks gained amid trade war headlines on Thursday, while sterling rose to its highest in more than two years against the euro on hopes next week’s UK election will lead to a smooth Brexit. FILE PHOTO: Employees of the Tokyo Stock Exchange (TSE) work at the bourse...
Reuters - Business

Investors urge Big Oil to follow ‘poster child’ Repsol’s climate pledge

Reuters
LONDON (Reuters) – Investors cheered Spanish group Repsol’s (REP.MC) pledge to slash net carbon emissions to zero by mid-century, saying they hope it will pile pressure on rival oil and gas companies to follow suit in the fight against climate change. FILE PHOTO: The logo of Spanish energy giant Repsol...

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