Reuters - Before the Bell

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Monday, May 20, 2019

Tainted oil hits Russian revenues but rouble immune for now

Russia suffered a $1 billion shortfall in export revenues in the first two weeks of May after the discovery of contaminated oil disrupted pipeline flows to Europe, a Reuters calculation showed.

Bank staff flagged Trump, Kushner transactions for watchdog: NYTimes

Anti-money laundering specialists at Deutsche Bank AG recommended in 2016 and 2017 that multiple transactions involving entities controlled by President Donald Trump and his son-in-law, Jared Kushner, be reported to a federal financial-crimes watchdog, the New York Times reported on Sunday.

Trump rejects New York Times report on Deutsche Bank transactions

U.S. President Donald Trump on Monday rejected a New York Times report that raised questions about multiple Deutsche Bank transactions involving entities controlled by him and his son-in-law Jared Kushner.

U.S., China bicker over 'extravagant expectations' on trade deal

China accused the United States on Monday of harboring "extravagant expectations" for a trade deal, underlining the gulf between the two sides as U.S. action against China's technology giant Huawei began hitting the global tech sector.

USTR Lighthizer to meet Motegi for trade talks in Japan on May 24: sources

U.S. Trade Representative Robert Lighthizer will visit Japan on May 24 to meet Economy Minister Toshimitsu Motegi to accelerate trade talks ahead of a leaders' summit a few days later, two sources with direct knowledge of the plan said on Monday.

Stock markets slide as worries about Huawei fallout mount

Stock markets weakened on Monday as concerns mounted about an escalating fallout from a U.S. crackdown on China's Huawei Technologies.

Exclusive: Google suspends some business with Huawei after Trump blacklist - source

Alphabet Inc's Google has suspended business with Huawei that requires the transfer of hardware, software and technical services except those publicly available via open source licensing, a source familiar with the matter told Reuters on Sunday, in a blow to the Chinese technology company that the U.S. government has sought to blacklist around the world.

Spain's Telefonica says is reviewing U.S. Huawei order

Spain's Telefonica is reviewing a U.S. order which hit Chinese telecoms giant Huawei with severe sanctions, to see if it will affect its customers, a spokeswoman for the group said on Monday.

China's tech transfer problem is growing, EU business group says

Cases of European firms forced to transfer technology in China are increasing despite Beijing saying the problem does not exist, a European business lobby said, adding that its outlook on the country's regulatory environment is "bleak".

Exclusive: Western buyers freeze Russian payments over dirty oil outage

Total and ENI have stopped payments to the Russian firms who sold them contaminated oil and said they will only pay when compensation is agreed, trading sources said, upping the stakes in what they say is the worst disruption to Russian oil supply.