Reuters - Before the Bell

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Friday, February 1, 2019

IAG's Walsh to Airbus: drop A380 price to boost sales

Airbus should lower the price of its A380 jetliner if it wants to sell more of them, IAG CEO Willie Walsh said on Friday, adding that the airline group would consider additional aircraft if the price was right.

Stock rally pauses after disappointing China data

Global shares edged down from their highest in two months on Friday as data showing shrinking factory activity in China ended a rally that took them to their best January on record.

U.S. says non-U.S. entities must wind down Venezuela oil buying by April 28

Entities outside the United States have until April 28 to wind down their purchases of petroleum and petroleum products from Petróleos de Venezuela SA, the U.S. Treasury Department said in a notice posted early on Friday.

Exclusive: Qatar, Exxon to proceed with $10 billion Texas LNG project - sources

Qatar Petroleum and Exxon Mobil Corp are expected to announce plans next week to proceed with a $10 billion project that will expand a liquefied natural gas (LNG) export facility in Texas, three people familiar with the transaction said.

GM and Sao Paulo in talks to invest $2.5 billion for tax breaks: report

Automaker General Motors Co is in talks to invest 9 billion reais ($2.5 billion) in the Brazilian state of Sao Paulo over the next three years in return for tax incentives, newspaper Valor Economico reported on Friday.

Honda plans to front-load UK production ahead of Brexit

Braced for a possible logistical nightmare when Britain leaves the European Union in March, Honda Motor Co Ltd said on Friday it was preparing to front-load some production at its plant in the country to ship overseas or build up inventories.

Trump to meet China's Xi to try to seal trade deal, progress reported

U.S. President Donald Trump said on Thursday he will meet with Chinese President Xi Jinping soon to try to seal a comprehensive trade deal as Trump and his top trade negotiator both cited substantial progress in two days of high-level talks.

Tesla begins sales of cheaper Model 3 car variant in China

U.S. electric vehicle maker Tesla Inc said it will start taking orders in China on Friday for a lower-priced version of its Model 3 car, as it seeks to accelerate China sales hit by trade friction between Washington and Beijing.

Disappointing factory activity threatens global growth

Factory activity was at its weakest in years across much of the world during January, adding to worries trade tariffs, political uncertainty and cooling demand poses an increasing threat to global growth.

Go-Jek raises $1 billion in round led by Google, Tencent, JD

Indonesian ride-hailing firm Go-Jek has raised around $1 billion in a funding round, led by Alphabet Inc's Google, JD.com Inc and Tencent Holdings, sources familiar with the matter said on Friday.