🔔 Reuters Before the Bell: As Apple slows, fast-moving Chinese rivals gain in wealthy markets

Click to View in Browser Wednesday, September 20, 2017 As Apple slows, fast-moving Chinese rivals gain in wealthy markets HONG KONG/SINGAPORE (Reuters) - Slowing innovation at iPhone maker Apple gives Asian rivals their best chance yet to conquer developed markets, retailers and consumers say - thanks to better designs and lower prices. At Deutsche Boerse, time and support dwindle for CEO Kengeter FRANKFURT (Reuters) - Support for Deutsche Boerse CEO Carsten Kengeter on the exchange group's supervisory board is weakening as investigations into insider trading allegations drag on, according to a person with knowledge of the matter. Diageo expects second half to drive full-year growth (Reuters) - Diageo , the maker of Johnnie Walker whisky and Smirnoff vodka, forecast stronger sales and profit growth in the second half of its financial year after a first half affected by negative factors in China and India and higher spending. The world's biggest spirits maker said earlier on Wednesday that its first-half sales growth would be hurt both by the Chinese New Year falling later than in 2017 and a ban on selling alcohol near Indian highways. Stocks notch up new high but it's all about the Fed LONDON (Reuters) - World stocks eked out a record high on Wednesday and the dollar dipped against major rivals with the focus on a U.S. Federal Reserve meeting that may give clues to whether the central bank will raise interest rates for a third time this year. Futures flat as investors focus on Fed meeting (Reuters) - U.S. stock index futures were little changed on Wednesday as investors awaited clues from the Federal Reserve meeting on whether the central bank will raise interest rates for a third time this year. Wal-Mart to give more hours to current staff this holiday season (Reuters) - Wal-Mart Stores Inc said on Wednesday it would not hire temporary workers this holiday season and would instead offer the extra hours to its current employees. Eurowings wins union backing to speed up hiring amid Air Berlin turbulence BERLIN (Reuters) - Lufthansa budget unit Eurowings has agreed a deal with the Verdi union that will allow it to hire new cabin crew at short notice from rivals such as bankrupt Air Berlin . T-Mobile U.S. explores takeover of Sprint: source (Reuters) - U.S. wireless carrier T-Mobile US Inc is exploring taking over rival Sprint Corp in an all-stock deal, after SoftBank Group Corp offered to give up its majority ownership of Sprint, a person familiar with the matter said. How $5 billion of debt caught up with Toys 'R' Us (Reuters) - Toys "R" Us Inc has been making $400 million in interest payments on its debt every year, largely due to its $6.6 billion leveraged buyout in 2005. This week, it succumbed to its debt burden, leading to the biggest bankruptcy of a U.S. retailer since that of Kmart in 2004. Toshiba selects Bain group as buyer of its prized chip business: sources TOKYO (Reuters) - Japan's embattled Toshiba Corp has chosen a group led by U.S. private equity firm Bain Capital to buy its prized memory chip unit, three people with knowledge of the talks said on Wednesday, a last-minute dramatic twist to a highly contentious auction. Related Video Red tape ties up H-1B visas for skilled workers Wall Street edges up as Fed eyed Make sense of the market with highlights of valuable financial information and reports along with compelling investment insights. Register Today The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2017 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook