Reuters: Business News
- Aramco indicative share price up slightly to 37 riyals December 15, 2019Saudi Aramco's shares went up slightly to 37 Saudi riyals ($9.87) in a pre-market auction on Sunday, Refinitiv data showed, putting the company's market value slightly below $2 trillion.
- China suspends planned tariffs scheduled for Dec. 15 on some U.S. goods December 15, 2019China has suspended additional tariffs on some U.S. goods that were meant to be implemented on Dec. 15, the State Council's customs tariff commission said on Sunday, after the world's two largest economies agreed a "phase one" trade deal on Friday.
- Mnuchin says trade deal with China to boost global economy December 15, 2019U.S. Treasury Secretary Steven Mnuchin said on Saturday a "phase one" trade deal between the United States and China was "very good" for global economic growth, and added that the second phase could come in several steps.
- U.S.-China trade deal cuts tariffs for Beijing promise of big farm purchases December 15, 2019(This Dec. 13 story corrects title of Eller to legislative, not executive, director, paragraph 18)
- California governor rejects PG&E bankruptcy reorganization plan December 14, 2019California Governor Gavin Newsom on Friday rejected a bankruptcy reorganization plan submitted by PG&E Corp , the state's largest investor-owned utility, saying its proposal fails to meet the requirements of a recently enacted wildfire law.
- Mexico objects to labor enforcement provision in North American trade deal December 14, 2019Mexico's deputy foreign minister, Jesus Seade, said on Saturday he sent a letter to the top U.S. trade official expressing surprise and concern over a labor enforcement provision proposed by a U.S. congressional committee in the new North American trade deal.
- Swiss body considers ban on Swatch unit selling parts - Schweiz am Wochenende December 14, 2019A Swatch unit that supplies parts to much of the watch market faces a possible sales ban next year by Switzerland's Competition Commission (Weka), newspaper Schweiz am Wochenende reported on Saturday.
- China top diplomat says China-U.S. trade deal good news for all December 14, 2019China and the United States' "phase one" trade agreement is good news for all and will "provide stability in global trade", the Chinese government's top diplomat Wang Yi said during a visit to Slovenia on Saturday.
- China to target around 6% growth in 2020, step up state spending: sources December 14, 2019China plans to set a lower economic growth target of around 6% in 2020 from this year's 6-6.5%, relying on increased state infrastructure spending to ward off a sharper slowdown, policy sources said.
- What's in the U.S.-China 'phase one' trade deal December 14, 2019The United States and China have agreed on the terms of a "phase one" trade deal that reduces some U.S. tariffs on Chinese goods while boosting Chinese purchases of American farm, energy and manufactured goods and addressing some U.S. complaints about intellectual property practices.
- Renault offers CEO job to SEAT's Luca De Meo, says La Vanguardia December 14, 2019French carmaker Renault has offered the chairman of Volkswagen's SEAT brand, Luca de Meo, the job of chief executive, Spanish newspaper La Vanguardia reported on Saturday, citing anonymous sources.
- Factbox: A lot of soy, a little rice - China's historical U.S. agricultural purchases December 14, 2019The U.S. government said on Friday China would buy an additional $32 billion in U.S. farm goods over the next two years as part of an initial trade deal.
- Bristol-Myers wins $752 million in U.S. patent case against Gilead December 14, 2019Bristol-Myers Squibb Co on Friday said it won a $752 million jury verdict against Gilead Sciences Inc in a U.S. patent dispute relating to technology for treating cancer.
- U.S. Justice Department preparing legal action against Live Nation: source December 14, 2019The U.S. Justice Department is preparing to take legal action against Live Nation Entertainment on allegations the concert promoter has sought to strong-arm concert venues into using its dominant Ticketmaster subsidiary, a source familiar with the planned legal action said on Friday.
- USTR files notice suspending Dec. 15 tariffs on Chinese goods December 14, 2019The U.S. Trade Representative's office on Friday filed a Federal Register notice suspending the 15% U.S. tariffs slated to go into effect on Sunday on Chinese goods worth about $160 billion after reaching a "phase one" trade deal with Beijing.
- China's Ant Financial, Vanguard announce China advisory venture December 14, 2019Chinese fintech company Ant Financial Services [ANTFIN.UL] and U.S. asset management firm The Vanguard Group have established a joint venture to provide retail investment advisory services in China, the companies said in a statement on Saturday.
- Take Five: What's the deal? December 14, 2019U.S. President Donald Trump and Chinese officials have agreed to a "phase one" trade deal that includes cutting U.S. tariffs on Chinese goods.
- Trade deal removes major hurdle for rally in Apple and tech December 14, 2019U.S. President Donald Trump's limited trade deal with China removes a major hurdle for Apple and other technology stocks that have already surged this year to record highs.
- Exclusive: Hudson's Bay's take-private deal falls short - sources December 14, 2019Saks Fifth Avenue owner Hudson's Bay Co has fallen short of securing enough shareholder support for a C$1.9 billion($1.4 billion) deal to take the department store operator private, people familiar with the matter said on Friday.
- Canadian regulator dismisses Catalyst request for cease trade order on Hudson's take private deal December 14, 2019Canadian financial regulator the Ontario Securities Commission said on Friday it has dismissed a request by Catalyst for a cease trade order relating to proposed take-private deal of Hudson's Bay .