Turmoil at Thyssenkrupp marks battle for Germany’s economic identity
By Christoph Steitz, Tom Käckenhoff, Edward Taylor and Arno Schuetze
Carrefour considers sale of stake in China business: sources
Carrefour, Europe largest retailer, is exploring the sale of a minority stake in its loss-making business in China and has started sounding out potential buyers, people familiar with the matter said.
Deere profit misses; cuts FY19 profit and sales outlook
Deere & Co on Friday reported a lower-than-expected quarterly profit and cut its full-year outlook, as an escalating trade war between the United States and China threatens to hit U.S. exports of key commodities, hurting farm incomes and demand for Deere’s equipment.
Futures dip after China’s tough stance on trade
U.S. stock index futures dipped on Friday, following three consecutive sessions of gains, as trade worries returned after a Chinese newspaper took a hard stance on the tariff dispute between the United States and China.
Senior China official says trade war with U.S. could cut growth by 1% point: SCMP
A senior official of China’s ruling Communist Party said the trade dispute with the U.S. could reduce China’s growth pace this year by as much as 1 percentage point, the South China Morning Post reported on Friday, citing an unnamed source.
Nissan retains Saikawa as CEO, in likely rebuff of Renault
Nissan Motor Co said on Friday that Hiroto Saikawa would stay on as chief executive, backing the protege of former boss Carlos Ghosn even as top shareholder Renault had earlier pushed for a change in the Japanese automaker’s leadership.
After Huawei blow, China says U.S. must show sincerity for talks
The United States must show sincerity if it is to hold meaningful trade talks, China said on Friday, after U.S. President Donald Trump dramatically raised the stakes with a potentially devastating blow to Chinese tech giant Huawei.
Exclusive: FBI targets Johnson & Johnson, Siemens, GE, Philips in Brazil graft case – sources
The U.S. FBI is investigating corporate giants Johnson & Johnson, Siemens AG, General Electric Co and Philips for allegedly paying kickbacks as part of a scheme involving medical equipment sales in Brazil, two Brazilian investigators have told Reuters.
Tall chip tale? Huawei’s backup plans leave experts unconvinced
Chip experts are calling out Huawei for its claims that it could ensure a steady supply chain without U.S. help, saying the technology the Chinese telecoms network gear maker buys from American companies would be “hard to replace”.
Oil lifted toward $73 by real and threatened supply cuts
Oil edged higher toward $73 a barrel on Friday, supported by real and threatened supply disruptions in the Middle East and heading for a weekly gain.
