Reuters - Before the Bell

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Thursday, June 27, 2019

Futures edge higher on trade truce hopes

U.S. equity futures edged higher on Thursday following a report that the United States and China had agreed to a tentative truce in their trade dispute before a G20 summit this weekend, but gains were tempered by Boeing shares after more 737 MAX woes.

Huawei shrugs off Verizon patent talks as 'common' business

Huawei pegged its patent talks with U.S. carrier Verizon as "common" business activity and said such negotiations should not be politicized, days after a senator filed legislation to prevent the Chinese firm from seeking damages in U.S. courts.

Ford to cut 12,000 jobs in Europe by end of 2020

Ford said it will have cut 12,000 jobs in Europe by the end of next year to try to return the business to profit, part of a wave of cost reductions in an auto industry facing stagnant demand and record-level investments to build low emission cars.

China urges U.S. to lift sanctions on Huawei as Trump-Xi meeting looms

The United States should immediately remove sanctions on Chinese telecoms equipment maker Huawei, a commerce ministry spokesman said on Thursday, days before the two countries' leaders are due to meet for talks on trade.

Singapore Airlines, Malaysia Airlines to explore wide-ranging partnership

Singapore Airlines and Malaysia Airlines have signed a preliminary agreement to explore a wide-ranging strategic partnership that could include more codeshares as well as cargo and aircraft maintenance, the companies said on Thursday.

Vivendi's shares fall as concerns mount of hitches to UMG stake sale

Vivendi's shares fell on Thursday, which traders attributed to a media report of a possible hitches to its planned sale of a stake in its Universal Music Group division.

Bayer lifted by new plan to tackle glyphosate lawsuits, Elliott approval

Bayer shares jumped on Thursday after it revealed plans aimed at resolving multi-billion dollar lawsuits linked to glyphosate, a move welcomed by activist shareholder Elliott, which has taken a sizeable stake in the chemicals company.

China's Xi to present Trump with terms for settling trade fight: WSJ, citing Chinese officials

Chinese President Xi Jinping plans to present U.S. President Donald Trump with a set of terms the United States should meet before Beijing is ready to settle their trade dispute, the Wall Street Journal reported on Thursday.

Oil slips below $66 ahead of G20, OPEC meeting

Oil slid below $66 a barrel on Thursday, pressured by concerns over whether the G20 summit will produce a breakthrough on trade and perceptions that supply is ample despite the prospect of continued OPEC curbs.

Nissan's Saikawa gets lowest approval among directors endorsed at AGM: filing

Nissan Motor Co Chief Executive Hiroto Saikawa had the lowest approval among the 11 directors endorsed by shareholders at its annual general meeting (AGM) this week, gaining only 78% of the votes, a filing showed on Thursday.