Business
282
Sports
260
Reuters: Business News
unread news (Demo user)
VW to intensify talks with Northvolt on battery project: Boersen-Zeitung
Volkswagen is intensifying talks with Swedish startup Northvolt on plans to jointly build up battery cell production in Salzgitter, near its headquarters in Lower Saxony, one of its board members told a German newspaper.
REUTERS
Amazon facial recognition ban won just 2% of shareholder vote
Amazon.com Inc shareholders overwhelmingly rejected a proposal that the company stop selling facial recognition technology to government agencies, while a resolution to audit the service drew more support, a regulatory filing on Friday showed.
REUTERS
Musk's SpaceX raised over $1 bln in six months -filings
Billionaire entrepreneur Elon Musk's SpaceX has raised more than $1 billion in financing in the last six months as it aims to roll out an ambitious high-speed internet service by using a constellation of satellites to beam signals from space.
REUTERS
Wall St. edges higher after Trump sparks U.S.-China trade hopes
Wall Street's major stock indexes edged higher on Friday after falling in the previous session, as hopeful comments from U.S. President Donald Trump regarding trade relations with China assuaged concerns among some investors.
REUTERS
Oil rises more than 1% but sets biggest weekly loss of 2019
Oil prices climbed more than 1% on Friday ahead of long U.S. and UK holiday weekends, but posted the biggest weekly drop of the year, pressured by rising inventories and worries about the global economy.
REUTERS
UPDATE 3-United Airlines extends cancellations of Boeing 737 MAX flights into August
United Airlines said on Friday it is extending by one month its cancellations of Boeing Co 737 MAX flights, through Aug. 3, as the jetliner remains grounded following two fatal crashes.
REUTERS
WRAPUP 1-China accuses U.S. officials of misleading public on trade war
China on Friday accused U.S. officials of lying to the public about their trade war, as rising tensions between the world's two largest economies kept financial markets in a state of unease.
REUTERS
UPDATE 1-United Airlines shakes up Avianca leadership after shareholder default
United Airlines said on Friday it had started a management overhaul at Colombia's Avianca Holdings , removing top shareholder German Efromovich from controlling the cash-strapped airline.
REUTERS
South Korea orders further arrests at Samsung Electronics over accounting scandal
A South Korean court approved arrest warrants on Saturday for two executives at Samsung Electronics Co Ltd over their alleged roles in a suspected accounting fraud at the biotech arm of Samsung Group.
REUTERS
Wall St. clings to gains on trade hopes
U.S. stocks gained on Friday, ahead of a long Memorial day weekend, after U.S. President Donald Trump predicted a swift end to the ongoing trade war with China.
REUTERS
Boeing faces SEC probe into disclosures about 737 MAX problems: Bloomberg
The U.S. Securities and Exchange Commission is probing whether Boeing Co provided sufficient disclosures about issues related to its 737 MAX jets, which have been grounded worldwide after two deadly accidents, Bloomberg reported on Friday.
REUTERS
Wall Street week ahead: Trade protection doesn't have to exclude growth stocks
The escalating U.S.-China trade war has sent dividend-rich sectors like utilities higher, but investors don't need to get all defensive just yet, according to strategists who say there are plenty of growth stocks with some insulation from China.
REUTERS
United Airlines says willing to loan Avianca Holdings up to $150 million
United Airlines said on Friday it was willing to loan up to $150 million to Colombian airline Avianca Holdings SA.
REUTERS
Boeing at two-week high as approval for 737 MAX to fly seen by late June
Shares of Boeing Co rose as much as 3% to more than a two-week high on Friday after Reuters reported that the Federal Aviation Administration (FAA) expects to approve 737 MAX jets to return to service as soon as late June.
REUTERS
Goldman bumps up no-deal Brexit odds after May resignation
Goldman Sachs raised its probability of a no-deal Brexit to 15% from 10% on Friday as Prime Minister Theresa May's resignation potentially opened the way for a more hardline politician to lead the UK to exiting the European Union.
REUTERS
German appeals court rules in favor of VW diesel owners
A regional appeals court in Karlsruhe on Friday ruled that German Volkswagen dealers must take back cars fitted with illegal software devices or give their customers new vehicles.
REUTERS
Wall Street set for modest gains at open after previous day's sell-off
U.S. stocks were set to open modestly higher on Friday after a sell-off, on cautious optimism after President Donald Trump predicted a swift end to the tariff war with China and a resolution to complaints against Huawei Technologies Co Ltd.
REUTERS
Huawei shipments could fall by up to a quarter this year: analysts
China's Huawei, hit by crippling U.S. sanctions, could see shipments decline by as much as a quarter this year and faces the possibility that its smartphones will disappear from international markets, analysts said.
REUTERS
GLOBAL MARKETS-Stocks climb on muted trade hopes, sterling yo-yos as PM May quits
World stocks edged higher on Friday and oil prices bounced after comments by President Donald Trump encouraged hopes of progress in U.S.-China trade talks while British Prime Minister Theresa May's resignation briefly sent sterling fluctuating wildly.
REUTERS
UPDATE 3-China denounces U.S. "rumours" and "lies" about Huawei ties to Beijing
China on Friday denounced U.S. Secretary of State Mike Pompeo for fabricating rumours after he said the chief executive of China's Huawei Technologies Co Ltd was lying about his company's ties to the Beijing government.
REUTERS
Global stocks, oil edge higher on muted trade optimism
World stocks edged higher on Friday and oil prices recovered from bruising falls, after U.S. President Donald Trump nurtured muted hopes of progress in U.S.-China talks while concerns over trade and the health of the world economy persisted.
REUTERS
Light PBOC touch makes once unlikely yuan at 7/$ seem possible
As China's yuan slips to historically weak levels against the dollar, the central bank's atypical light touch is spurring speculation that policymakers want to be more judicious in their intervention and have no specific target for the currency.
REUTERS
Nestle CEO says company still committed to global confectionery
Nestle remains committed to confectionery despite unloading its U.S. chocolate operations during a review of the food giant's operations, Chief Executive Mark Schneider told an event in Switzerland on Friday.
REUTERS
British Airways to resume Pakistan flights next week after a decade
British Airways will resume flights to Pakistan next week a decade after it suspended operations following a major hotel bombing, becoming the first Western airline to restart flights to the South Asian country.
REUTERS
China airline association estimates losses from 737 MAX grounding at $579 mln
The China Air Transport Association (CATA) on Friday said it expects losses at Chinese airlines caused by the grounding of Boeing Co's 737 MAX aircraft to be around 4 billion yuan ($579.32 million) by the end of June.
REUTERS
Singapore chases tech 'Jedi Masters' for Silicon Valley ambitions
San Francisco-based investor Paul Bragiel said he needed to be asked three or four times before he accepted an invitation from Singapore to come check out its tech scene.
REUTERS
Oil recovers 1%, but set for biggest weekly loss of 2019
Oil prices recouped around 1% on Friday but were on track for their biggest weekly loss this year after swelling inventories and jitters over an economic slowdown led to big falls earlier in the week.
REUTERS
China aluminum magnate Zhang Shiping dies aged 73
Zhang Shiping, who oversaw the rise of China Hongqiao Group into the world's biggest aluminum producer, died on Thursday at the age of 73, the company said.
REUTERS
Fears of deeper U.S.-China trade war push Asian shares to four-month low
Asian stocks stumbled to a four-month low on Friday and crude oil plunged on worries the U.S.-China trade spat was developing into a more entrenched strategic dispute between the world's two largest economies, pushing investors to safe-haven assets.
REUTERS
Oil bounces back, but markets remain fragile amid trade disputes
Oil prices jumped more than 1% on Friday amid OPEC supply cuts and Middle East tensions, but still did not fully recoup losses earlier in the week on economic slowdown jitters and swelling inventories - their steepest drops since the start of the year.
REUTERS