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Reuters: Business News
- Britain's Phoenix to buy Swiss Re's ReAssure business for $4.1 billion December 6, 2019Phoenix Group Holdings has agreed to buy the British ReAssure business of Swiss Re for 3.2 billion pounds ($4.1 billion) in cash and shares, the UK insurer's biggest deal to date as it bulks up on policies closed to new customers.
- Aston Martin opens new factory to build key first SUV December 6, 2019Aston Martin opened a new factory in Wales on Friday which will build the British automaker's first sport utility vehicle, key to its hopes of a turnaround after a poor performance this year sent shares tumbling.
- Saudi Aramco shares to start trading December 11: Tadawul exchange December 6, 2019Saudi Aramco shares will start trading on Dec. 11, the Saudi securities exchange Tadawul said in a statement on Friday.
- Fed voters a less-hawkish bunch in 2020, lowering bar for U.S. rate cut December 6, 2019The bar for cutting U.S. interest rates may get a little lower next year when a new crop of central bankers rotate into voting spots on the Federal Reserve's policy-setting panel as part of its annual membership reshuffle.
- Saudi, Russia win over oil producers to deeper cuts December 6, 2019By Shadia Nasralla, Olesya Astakhova and Bozorgmehr Sharafedin
- H&M's brand COS to test clothing rentals in China with YCloset December 6, 2019H&M , 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 the country as environmentally conscious consumers rein in purchases.
- Futures inch up after Trump comments; November jobs data eyed December 6, 2019U.S. stock index futures edged higher on Friday as comments from President Donald Trump that trade talks with China were "moving right along" helped set a calmer tone ahead of the Labor Department's much anticipated monthly jobs report.
- 'Moving right along'? Shares nudge up after Trump trade talk December 6, 2019World shares ticked up on Friday, buoyed by comments from U.S. President Donald Trump that talks aimed at dialing down the damaging trade war with China were "moving right along".
- OPEC+ agrees to 500,000 bpd additional cut, to meet in March: sources December 6, 2019OPEC and allied oil producers, the so-called OPEC+, have agreed to deepen their output cuts by 500,000 barrels per day, sources said on Friday.
- Exclusive: China's Dongfeng plans partial sale of PSA stake - sources December 6, 2019China's Dongfeng Motor will likely trim its stake in Peugeot owner PSA after hiring banks to study options, people close to the matter said, in a move that could ease the French carmaker's planned merger with Fiat Chrysler (FCA) .
- As United Airlines seals CEO succession plan, eyes turn to American December 6, 2019With United Airlines Holdings Inc unveiling on Thursday plans for industry veteran Scott Kirby to take the helm as chief executive officer next year, investors are turning to succession plans at another carrier: American Airlines Group Inc .
- SoftBank's Son sticks with gut-led investing in chat with Alibaba's Ma December 6, 2019Weeks after his billion-dollar bailout of WeWork, SoftBank Group Corp's founder and CEO Masayoshi Son reiterated his belief in an instinct-led investing style, in a discussion with Alibaba Group Holding Inc's co-founder Jack Ma.
- China-built Tesla cars secure new energy vehicle subsidies December 6, 2019Tesla Inc said on Friday its Chinese-built Model 3 cars would receive state subsidies, a move that will help the U.S. electric vehicle maker's push into the world's biggest auto market.
- Jurors expected to begin deliberating in Elon Musk defamation trial December 6, 2019Jurors were expected to begin deliberating in Los Angeles on Friday in the lawsuit brought against Elon Musk by a British cave explorer who says the Tesla founder defamed him with tweets suggesting he is a pedophile.
- Indonesia fines Garuda after CEO fired over smuggled Harley Davidson December 6, 2019Indonesia will fine flag carrier PT Garuda Indonesia for violating aviation rules after its chief executive was accused of smuggling a Harley Davidson motorcycle onboard a new plane, state news agency Antara cited the transport minister as saying.
- JPMorgan banker testifying for cartel prosecutors says there was no agreement December 6, 2019A prosecution witness in an Australian criminal cartel case against Citigroup Inc and Deutsche Bank AG said on Friday that the banks never colluded, but that he helped a regulator build its case to get immunity.
- Italy's Atlantia interested in relaunch not rescue of Alitalia: paper December 6, 2019Italy's Atlantia is still interested in supporting the relaunch, and not the rescue, of ailing carrier Alitalia [CAITLA.UL], the chairman of the infrastructure group said in an interview on Friday.
- Returning General Motors workers seen boosting U.S. November payrolls December 6, 2019U.S. job growth likely accelerated in November as former striking workers returned to General Motors' payrolls, which would confirm that the economy remained on a moderate expansion path despite a prolonged manufacturing slump.
- Uber says it received over 3,000 reports of sexual assault in U.S. in 2018 December 6, 2019Ride-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.
- Labor group accuses Google of illegally firing workers to stifle unionism December 6, 2019The Communications Workers of America union filed a federal labor charge against Alphabet Inc's Google on Thursday, accusing the company of unlawfully firing four employees to deter workers from engaging in union activities.