Nestle says L’Oreal stake is ‘active on the board’s agenda’: FT
Nestle Chairman Paul Bulcke said the food giant’s stake in French cosmetics firm L’Oreal was “something active on the board’s agenda” in an interview with the Financial Times published on Monday that could trigger a fresh round of speculation.
Trump says China to cut tariffs on U.S.-made cars in potential lift for Tesla, BMW
U.S. President Donald Trump said on Sunday that China had agreed to cut import tariffs on American-made cars, a potential boon for automakers including Tesla Inc and BMW who manufacture in the United States for export to China.
China says U.S., China working toward removing all tariffs
China’s foreign ministry said on Monday that the Chinese and U.S. presidents instructed their economic teams to work toward removing all tariffs, following a meeting in Argentina where the two leaders agreed to a truce in their trade war.
Oil surges on U.S.-China trade war ceasefire, expected supply cuts
Oil prices soared by more than 4 percent on Monday after the United States and China agreed to a 90-day truce in their trade war, and ahead of a meeting this week by producer club OPEC that is expected to result in a supply cut.
Qualcomm says NXP deal is dead, even as China seen open to okaying it
U.S. chipmaker Qualcomm Inc rejected a suggestion by the White House that its collapsed $44 billion acquisition of Dutch peer NXP Semiconductors could be revived, saying the deal had been terminated as the deadline had expired.
Oil prices jump 5 percent on U.S.-China trade war ceasefire; Qatar to leave OPEC
Oil prices soared by around 5 percent on Monday after the United States and China agreed to a 90-day truce in their trade war, and ahead of a meeting this week by producer club OPEC that is expected to result in a supply cut.
Asian shares, oil soar on Sino-U.S. trade truce
Asian shares rallied on Monday after U.S. and Chinese leaders brokered a truce in their trade conflict, a relief for the global economic outlook and a tonic for emerging markets and battered oil prices.
Asia’s outlook darkens as factory activity slips, new orders fall
Asia’s economic prospects looked gloomy as factory activity and export orders weakened across the region in November, with analysts expecting no quick rebound amid simmering global trade frictions.
Trump says China to cut tariffs on U.S.-made autos after trade war truce
China has agreed to “reduce and remove” tariffs below the 40 percent level that Beijing is currently charging on U.S.-made vehicles, U.S. President Donald Trump said, as a trade war truce between the two countries gathers pace, cheering markets.
Qualcomm sees no prospect for NXP acquisition
U.S. smartphone chip manufacturer Qualcomm Inc considers the prospect of an acquisition of NXP Semiconductors as closed, the company said on Monday.
