Stocks advance ahead of earnings; bonds stable
European stocks rose moderately after progress in the U.S.-China trade talks buoyed sentiment and investors grew somewhat optimistic about the next batch of corporate earnings.
EU approves tougher EU copyright rules in blow to Google, Facebook
Google will have to pay publishers for news snippets and Facebook filter out protected content under new copyright rules aimed at ensuring fair compensation for the European Union’s $1 trillion creative industries.
Trump urges Boeing to fix, ‘rebrand’ grounded 737 MAX planes
U.S. President Donald Trump on Monday offered Boeing Co advice in the wake of two fatal crashes involving its 737 MAX jetliner, saying the planemaker should “rebrand” the best-selling aircraft after fixing it.
Apple, allies seek billions in U.S. trial testing Qualcomm’s business model
Apple Inc and its allies on Monday will kick off a jury trial against chip supplier Qualcomm Inc in San Diego, alleging that Qualcomm engaged in illegal patent licensing practices and seeking up to $27 billion in damages.
EU countries back starting trade talks with United States
European Union countries gave final clearance on Monday to start formal trade talks with the United States after months of delay due to French resistance.
EU’s Malmstrom believes U.S. trade deal can be done quickly
The European Union is ready immediately to start trade negotiations with the United States to remove tariffs and a deal could be rapidly concluded, European Trade Commissioner Cecilia Malmstrom said on Monday.
VW China chief says in talks with five potential battery cell suppliers
Volkswagen wants to broaden its base of battery cell suppliers in China beyond CATL and is reviewing five companies to see whether they can meet quality and volume requirements for the multi-brand group.
AB InBev adds Citi, BAML to banks working on $5 billion Asian IPO: sources
The world’s biggest brewer, Anheuser-Busch InBev, has added Citigroup and Bank of America Merrill Lynch to the team of banks working on the sale of its Asia-Pacific business, three people with direct knowledge of the matter told Reuters.
Exclusive: Foxconn chairman Gou aims to step down to pave way for younger talent
The chairman of Taiwan’s Foxconn, an assembler of Apple Inc’s iPhones, said on Monday he plans to step down in the coming months to pave the way for younger talent to move up the company’s ranks.
Exclusive: Toyota sells electric vehicle technology to Chinese startup Singulato
Toyota Motor Corp has agreed to sell electric car technology to Singulato, its first deal with a Chinese electric vehicle startup, allowing the fledgling firm to speed up development of a planned mini EV.
