Reuters - Before the Bell

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Monday, August 19, 2019

Uber appoints new UK boss as London licence renewal nears

Uber appointed a new boss for Britain and Ireland on Monday just over a month before its licence expires in London, one of its most important global markets where the regulator has previously stripped it of its right to operate.

U.S. President Trump does not want to do business with China's Huawei

U.S. President Donald Trump on Sunday said he did not want the United States to do business with China's Huawei even as the administration weighs whether to extend a grace period for the company.

U.S. grants Huawei another 90 days to buy from American suppliers: Ross

U.S. Commerce Secretary Wilbur Ross said Monday the U.S. government will extend a reprieve given to Huawei Technologies that permits the Chinese firm to buy supplies from U.S. companies so that it can service existing customers.

Futures jump on growing stimulus hopes

U.S. stock index futures rose about 1% on Monday as signs of an interest rate reform in China bolstered hopes that major economies would act to stave off the slowing economic effects of escalating global trade tensions.

Juul raises $325 million in equity and debt financing for global expansion

U.S. e-cigarette maker Juul Labs Inc has raised $325 million in an equity and debt offering, as it looks to expand its global reach at a time of intense regulatory scrutiny in its home market.

Stimulus optimism boosts stocks, eases pressure on bonds

World stock markets rose on Monday on signs that major economies would look to prop up stalling growth with fresh stimulus measures, easing pressure on bonds and dampening demand for perceived safe-havens such as gold.

Apple CEO warns Trump about China tariffs, Samsung competition

President Donald Trump said on Sunday that he had spoken with Apple Inc's Chief Executive Tim Cook about the impact of U.S. tariffs on Chinese imports as well as competition from South Korean company Samsung Electronics Co Ltd.

Oil rises after drone attack on Saudi field

Crude oil prices rose on Monday following a weekend attack on a Saudi oil facility by Yemeni separatists and as traders looked for signs that U.S.-China trade tensions could ease.

Exclusive: Fearing data privacy issues, Google cuts some Android phone data for wireless carriers

Alphabet Inc's Google has shut down a service it provided to wireless carriers globally that showed them weak spots in their network coverage, people familiar with the matter told Reuters, because of Google's concerns that sharing data from users of its Android phone system might attract the scrutiny of users and regulators.

Japan's exports slip for eighth month, sales to China drop as recession fears grow

Japan's exports slipped for an eighth month in July, while manufacturers' confidence turned negative for the first time in over six years as China-bound sales slumped again in a fresh sign the Sino-U.S. trade war could tip the economy into recession.