Monday, 16 October 2017

Breaking business news: China data boosts world stocks and commodities, oil jumps

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Monday, October 16, 2017
China data boosts world stocks and commodities, oil jumps
LONDON (Reuters) - World stocks and commodities rose on Monday, boosted by upbeat Chinese data, while U.S. oil futures jumped to a near six-month high as an escalation in fighting between the Iraqi government and Kurdish forces threatened supply.
As the quartet breaks up, central banking leadership flux looms
WASHINGTON (Reuters) - The leaders of the world's top central banks who risked trillions of dollars and their reputations to rescue the global economy are now set to walk off stage at a time when the lingering effects of the crisis, evolving technology and a combustible political landscape will challenge their successors.
Fake paperwork, poor parts challenge China's aerospace boom
SHANGHAI (Reuters) - Chinese suppliers to U.S. flight control systems maker Moog sold it poorly made parts, faked paperwork and outsourced work to a factory not approved by the company, according to an internal report by U.S. aviation regulators.
Exclusive: T-Mobile, Sprint plan merger without selling assets
(Reuters) - T-Mobile U.S. Inc and Sprint Corp plan to announce a merger agreement without any immediate asset sales, as they seek to preserve as much of their spectrum holdings and cost synergies as they can before regulators ask for concessions, according to people familiar with the matter.
U.S. stock futures inch up as earnings head for higher gear
(Reuters) - U.S. stock index futures pointed to a slightly positive start for Wall Street on Monday as investors pondered a solid initial round of third quarter company earnings and awaited a further flood of results this week.
Viacom, Charter agree to extend renewal deadline: source
(Reuters) - Viacom Inc and Charter Communications Inc agreed on a short-term extension of their renewal deadline, a source familiar with the matter said, as the companies aim to avoid the immediate blackout of Viacom networks.
BlackBerry shares down after another top exec leaves
(Reuters) - BlackBerry's U.S.-listed shares fell almost 4 percent to $11.12 on Monday after a second senior executive from its licensing unit quit this month.
Toyota to test self-driving, talking cars by about 2020
TOKYO (Reuters) - Toyota Motor Corp on Monday said it would begin testing self-driving electric cars around 2020, which will use artificial intelligence (AI) to engage with drivers, as the company competes with tech firms to develop new vehicles.
Daimler starts reorganisation that could lead to break up
BERLIN (Reuters) - Daimler has started the process of creating separate legal entities for its Mercedes Benz cars and Daimler Trucks divisions, a move that has fuelled speculation of an eventual break up of the German automaker.
Food services firm Aramark to buy Avendra, AmeriPride in $2.35 billion deal
(Reuters) - Food services company Aramark said on Monday it would buy Avendra LLC, majority owned by Marriott International Inc , and uniform and linen supplier AmeriPride Services Inc for a total of $2.35 billion, before tax benefit adjustments.
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