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Reuters: Business News
- Cineworld tops North American box office with Cineplex deal December 16, 2019Cineworld will buy Canada's Cineplex for $1.65 billion in cash, making the British firm the biggest cinema operator in North America as it looks to tackle increasing competition from online streaming services.
- Electrolux's shares skid after it warns of extra U.S. costs and savings delays December 16, 2019Shares in Electrolux plunged 12% on Monday after the appliance maker warned of a bigger than expected hit to fourth-quarter earnings at its North American business, and slashed its savings forecast for 2020 from its investment program.
- Factbox: How China tariffs on U.S. commodities, energy stand after 'phase one' trade deal December 16, 2019China and the United States have agreed terms of a "phase one" trade deal under which Washington reduced some tariffs and Beijing canceled retaliatory duties that were previously scheduled to take effect on Dec. 15.
- U.S. top trade negotiator praises deal, China remains cautious December 16, 2019U.S. President Donald Trump's top trade negotiator praised a "phase one" U.S.-China trade deal which is expected to nearly double U.S. exports to China over the next two years, while China remained cautious ahead of the signing of the agreement.
- H&M's recovery continues as fourth quarter sales jump 9% December 16, 2019Fashion retailer H&M said on Monday its sales rose 9% in the fourth quarter, putting it on course to increase annual profits for the first time in four years following heavy investment in online and other services to adapt to a changing market. Shares in the world's second-biggest apparel group were up 2% at 1000 […]
- Oil prices near three-month highs on U.S.-China trade deal December 16, 2019Oil prices on Monday held near three-month highs, supported by last week's announcement that an initial trade deal had been reached between the United States and China.
- Stocks rise as investors cheer preliminary U.S.-China trade deal December 16, 2019World stock markets rose on Monday, trading a notch below a record high hit last week on the back of a preliminary trade deal agreed between the United States and China.
- Jetstar to cut capacity, weigh sale of three planes as pilot dispute drags December 16, 2019Budget airline Jetstar is cutting domestic capacity by around 10% in January and weighing the sale of three Boeing 787-8 jets to counter industrial action by its pilots that the Australian carrier expects will cost it up to A$25 million ($17 million).
- Qantas to put more experienced crew on board world's longest flights: sources December 16, 2019Qantas Airways Ltd plans to have more experienced pilots on board the world's longest non-stop flights than on its current long-haul flights for the first 18 months as it evaluates fatigue, said sources with knowledge of the matter.
- China's factory, retail sectors shine as trade tensions thaw December 16, 2019Growth in China's industrial and retail sectors beat expectations in November, as government support propped up demand in the world's second-largest economy and amid easing trade hostilities with Washington.
- China and U.S. should continue trade talks, remove tariffs: stats bureau December 16, 2019China and the United States should continue bilateral trade talks and work toward removing all existing tariffs, China's National Bureau of Statistics spokesman Fu Linghui said on Monday.
- SoftBankâs China strategy wobbles as key bets disappoint December 16, 2019For SoftBank Group Corp , financial technology firm OneConnect's IPO should have been a vindication of an aggressive China investing strategy.
- Exclusive: China's BAIC raising Daimler stake to unseat Geely as top shareholder - sources December 16, 2019Daimler's main China joint venture partner BAIC Group has set in motion a plan to double its stake to around 10% and win a board seat in the German luxury car maker, as it aims to upstage rival Geely, two sources told Reuters.
- Boeing board meets as company considers 737 MAX production changes December 16, 2019Boeing Co is considering whether to cut or halt production of its grounded 737 MAX after the Federal Aviation Administration said last week it would not approve the plane's return to service before 2020, a person briefed on the matter said on Sunday.
- IFF to merge with DuPont's $26.2 billion nutrition unit December 15, 2019International Flavors & Fragrances Inc on Sunday said it will merge with DuPont Inc's $26.2 billion nutrition & biosciences unit in a deal that will create a new consumer giant valued at more than $45 billion.
- Disney+ to debut late March in France in exclusive deal with Canal+ December 15, 2019Walt Disney Co will launch its Disney+ streaming service on Vivendi SA's pay-TV business Canal+ platform by the end of March next year, executives of the two groups said in a joint interview released in the daily Les Echos on Sunday.
- Mexico will never accept 'disguised' labor inspectors under USMCA: foreign minister December 15, 2019Mexico's deputy foreign minister for North America, Jesus Seade, on Sunday attempted to rebut claims his country would be subject to labor enforcement inspectors from other countries as part of the new North American trade deal.
- Sustainable investors face squeeze as larger firms move in December 15, 2019Specialized fund managers who pioneered green investing for decades are missing out on some of the spoils as the sector goes mainstream and large firms move in.
- Villains or visionaries? Hedge funds short companies they say 'greenwash' December 15, 2019Tens of trillions of global investment dollars are pouring into companies touting robust environmental, social and governance credentials. Now short-sellers spy an opportunity.
- German union calls for pre-Christmas Amazon strike December 15, 2019Trade union Verdi called for workers at a key Amazon logistics center in Germany to go on strike over the crucial final shopping days before Christmas, demanding better pay and conditions for workers there.