Reuters: Business News
- Sanofi weighing options for consumer healthcare unit: sources November 21, 2019Sanofi is considering a joint venture or outright sale among options for its consumer healthcare unit, sources told Reuters, as the French drugmaker prepares to present a new strategic plan next month.
- Exclusive: German exports to United States jump despite trade tensions November 21, 2019Strong German exports to the United States helped Europe's largest economy to avoid a recession in the third quarter, data showed on Thursday, as companies benefited from a weaker euro and trade diversion linked to the U.S.-China tariff dispute.
- Charles Schwab in talks to buy smaller rival TD Ameritrade: CNBC November 21, 2019Charles Schwab Corp , the largest U.S. discount brokerage, is in talks to buy smaller rival TD Ameritrade and a deal could be announced as early as Thursday, CNBC reported, citing a source familiar with the matter.
- OPEC+ likely to extend oil supply cuts until June: sources November 21, 2019OPEC and its allies are likely to extend existing oil output cuts when they meet next month until mid-2020, with non-OPEC oil producer Russia supporting Saudi Arabia's push for stable oil prices amid the listing of state oil giant Saudi Aramco.
- OECD sees global growth at decade-low, blames governments' indecision November 21, 2019The global economy is growing at the slowest pace since the financial crisis as governments leave it to central banks to revive investment, the OECD said on Thursday in an update of its forecasts.
- Germany fines BMW, Daimler, Volkswagen for forming steel cartel November 21, 2019Germany's cartel authority said on Thursday it was fining the country's three major carmakers - BMW , Volkswagen and Daimler - a total of 100 million euros for forming a cartel to buy steel.
- VW sees mild growth for China auto market over next three to four years November 21, 2019Volkswagen AG , the top foreign automaker in China, said on Thursday it expects the world's biggest passenger car market to stabilize next year with low growth levels likely for three to four years.
- China says it will strive to reach 'phase one' trade deal with U.S November 21, 2019China will strive to reach an initial trade agreement with the United States as both sides keep communication channels open, the Chinese commerce ministry said on Thursday, in an attempt to allay fears talks might be unraveling.
- China invites U.S. trade negotiators for new round of talks: WSJ November 21, 2019China has invited top U.S. trade negotiators for a new round of face-to-face talks in Beijing amid continued efforts to strike at least a limited deal, the Wall Street Journal reported on Thursday citing unnamed sources.
- Fiat Chrysler to recall nearly 700,000 SUVs for electrical fault risk November 21, 2019Fiat Chrysler Automobiles NV said on Thursday it will recall nearly 700,000 sport utility vehicles worldwide because a faulty electrical connection could prevent engine starts or contribute to a stall.
- Jaguar Land Rover chief wants alliances, not a merger November 21, 2019Luxury automaker Jaguar Land Rover's chief executive told Reuters he is open to more alliances to lower the costs of developing technology, but is not looking for a full-blown corporate merger.
- GM lawsuit won't torpedo Fiat Chrysler merger with Peugeot: source November 21, 2019Fiat Chrysler's (FCA) planned $50 billion merger with Peugeot owner PSA Group will not be blown off course by a shock lawsuit against FCA from General Motors, a source close to FCA said on Thursday.
- De Beers Namibian diamond venture seeks tax breaks to extend operations November 21, 2019Namdeb, a joint venture between the Namibian government and Anglo American's diamond unit De Beers Group, said on Thursday it was in talks with the government about tax breaks to extend its land-based operations beyond 2023.
- Stocks stumble as HK bill poses hurdle in U.S.-China trade deal November 21, 2019Global stocks slid further on Thursday as the standoff between the world's two largest economies extended beyond trade, reducing the odds of a "phase-one" deal this year and forcing investors to seek shelter in safe-haven assets.
- BMW orders more than 10 billion euros' worth of battery cells November 21, 2019German carmaker BMW on Thursday said it had ordered more than 10 billion euros' ($11.07 billion) worth of battery cells from Chinese battery cell maker Contemporary Amperex Technology Co (CATL) and Samsung SDI .
- Alibaba, Aramco share sale bonanza fails to produce fee windfall for banks November 21, 2019A late-year rush of giant global share sales led by Alibaba's $13 billion Hong Kong listing and Aramco's $26 billion initial public offering is failing to deliver an equivalent payday for equities bankers.
- SoftBank sounds out Japan's top banks on $2.8 billion loan, sources say November 21, 2019SoftBank Group Corp is sounding out Japan's top three banks to borrow around 300 billion yen ($2.8 billion) to help fund its support of U.S. startup WeWork, three people familiar with the matter said on Thursday.
- Pressure grows on Westpac CEO after massive Australian money laundering scandal November 21, 2019Pressure mounted on the chief executive of Westpac Banking Corp on Thursday over the handling of Australia's biggest money laundering scandal, with the prime minister saying the bank's board should reflect deeply on Brian Hartzer's position.
- Johnson & Johnson loses pelvic mesh class action in Australia November 21, 2019More than 1,350 Australian women won a seven-year-old class action lawsuit on Thursday against Johnson & Johnson (J&J) for misleading patients and surgeons about the risks of the pharmaceutical giant's pelvic mesh implants.
- Apple, Intel file antitrust case against SoftBank-owned firm over patent practices November 21, 2019Apple Inc and Intel Corp on Wednesday filed an antitrust lawsuit against Fortress Investment Group, alleging the SoftBank Group Corp unit stockpiled patents to hold up tech firms with lawsuits demanding as much as $5.1 billion.