Reuters - Before the Bell

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Friday, May 17, 2019

Hewlett Packard Enterprise to buy supercomputer maker Cray in $1.30 billion deal

Supercomputer manufacturer Cray Inc said on Friday it would be bought by Hewlett Packard Enterprise Co in a deal valued at about $1.30 billion.

Shares swoon as Beijing ramps up war of words

World share markets suffered a fresh bout of risk aversion on Friday after tough words on trade from China, while bets on a new pro-Brexit leader in Britain whipped the pound towards its worst week since October.

Masuko to step down as Mitsubishi Motors CEO, Kato to succeed him

Mitsubishi Motors Corp said on Friday that Osamu Masuko will step down as its chief executive on June 21 and be replaced by Takao Kato, who is president of its operations in Indonesia.

Deere blames escalating trade war for worsening outlook

Deere & Co on Friday missed quarterly profit estimates for the fifth-straight quarter and cut its full-year outlook, as an escalating U.S.-China trade war threatens to further hit farm incomes and demand for Deere's equipment.

Amazon squares up to Uber with backing for UK food app Deliveroo

Amazon has taken a stake in British online food delivery company Deliveroo, leading a $575 million fundraising to pit itself against Uber Eats in the global race to dominate the market for takeaway meals.

Samsung to spend more than $14 billion in second phase of China chip plant: Xinhua

South Korean tech giant Samsung Electronics Co Ltd will spend more than $14 billion in the second phase of investment in its memory chip plant in Xian, China, China's official Xinhua news agency reported on Friday citing a Samsung executive.

After Huawei blow, China says U.S. must show sincerity for talks

The United States must show sincerity if it is to hold meaningful trade talks, China said on Friday, after U.S. President Donald Trump dramatically raised the stakes with a potentially devastating blow to Chinese tech giant Huawei.

Italy's deputy PM Salvini: would be proud of a UniCredit bid for Commerzbank

Italy's Deputy Prime Minister and League leader Matteo Salvini said he would hail a takeover bid by Italy's UniCredit for German rival Commerzbank.

Oil lifted to $73 by real and threatened supply cuts

Oil edged higher to $73 a barrel on Friday, supported by a host of supply cuts and concern of further disruption to Middle East shipments as tensions rise, and was heading for a weekly gain.

Turmoil at Thyssenkrupp marks battle for Germany's economic identity

By Christoph Steitz, Tom Käckenhoff, Edward Taylor and Arno Schuetze