Stock futures edge higher amid trade worries
(Reuters) – U.S. stock index futures rose slightly on Thursday, after China approved a U.S. chipmaker deal and Accenture posted strong results, but uncertainty about Washington’s trade stance with China weighed on the mood.
Walgreens tops profit estimates, authorizes share buyback
(Reuters) – Walgreens Boots Alliance Inc’s third-quarter profit beat analysts’ expectations on Thursday, benefiting from its acquisition of Rite Aid Corp stores, and the drugstore chain authorized a $10 billion share buyback program.
Exclusive: Generali to start exclusive talks to sell German life book to Viridium – source
FRANKFURT/MUNICH (Reuters) – Italy’s Generali is expected to start exclusive talks shortly over the potential sale of its 40 billion euro ($48 billion) German life insurance portfolio to private equity-backed Viridium, a person close to the matter sai…
Exclusive: China shuns U.S. request for talks on airline website dispute over Taiwan
BEIJING/WASHINGTON (Reuters) – China has rejected U.S. requests for talks over how U.S. airlines and their websites refer to Chinese-claimed Taiwan, according to sources, including a U.S. official, adding to tensions in a relationship already frayed by…
Mulvaney-led U.S. CFPB slashes payday lender penalty: sources
WASHINGTON (Reuters) – Mick Mulvaney, head of the U.S. Consumer Financial Protection Bureau, cut in half a fine that his Obama-era predecessor sought against a payday lender and dropped some of the agency’s earlier claims in the case, three people fami…
Trade war fears grip stocks, dollar drives higher
LONDON (Reuters) – Pressure on world shares from a U.S.-driven trade dispute mounted on Thursday, as a fast-charging dollar and a jump in oil prices also cranked up the pain in emerging markets.
Takeda shareholders bin proposal from anti-Shire group; only 10 percent in favor
TOKYO (Reuters) – A group of Takeda Pharmaceutical Co Ltd shareholders, who are trying to build support to block the $62 billion acquisition of London-listed Shire Plc , failed to get a proposal passed at the drugmaker’s annual general meeting (AGM) o…
General Motors to transfer Vietnam operation to Vingroup’s car arm
HANOI (Reuters) – General Motors Co has agreed to transfer its Vietnamese operation to domestic car manufacturer VinFast Trading and Production LLC, in a move the pair said will marry GM’s automotive expertise with VinFast’s local market insight.
Asian shares drop to nine-month low on mounting trade war fears
TOKYO (Reuters) – Asian stocks slumped to nine-month lows on Thursday as investors worried that the Trump administration’s approach to trade is harming global economic growth – even as the White House approach to Chinese investment in U.S. technology c…
Panasonic flags battery cell shortages as Tesla Model 3 output picks up
TOKYO (Reuters) – A pickup in production of Tesla Inc’s Model 3 cars, after earlier delays, has resulted in occasional battery cell shortages, a Panasonic Corp official said on Thursday in a sign Tesla is in overdrive to meet its end-June forecast.
