Reuters Before the Bell: Halliburton profit beats on international demand, North America lags

Click to View in Browser Tuesday, January 22, 2019 Halliburton profit beats on international demand, North America lags Halliburton Co beat Wall Street estimates for quarterly profit on Tuesday, as higher demand for its oilfield services in international markets offset a slowdown in North America. Huawei chairman says foreign officials welcome to see its labs Huawei Chairman Liang Hua said on Tuesday the company would allow foreign officials to visit its labs, as the Chinese company faces suspicion from Western countries that its telecoms equipment could be used for espionage. IMF pessimism + trade tensions = sickly stocks Pessimism about global growth drove down world shares and commodity markets on Tuesday and left investors seeking refuge in the dollar, government bonds and gold. Oil drops nearly 2 percent as China slowdown bites Oil prices fell nearly 2 percent on Tuesday on signs that an economic slowdown in China is spreading, stoking concerns about global growth and fuel demand. Johnson & Johnson 2019 revenue forecast misses expectations Johnson & Johnson on Tuesday forecast 2019 sales that fell short of analysts' estimates after reporting better-than- expected fourth-quarter profit and revenue. In Versailles, Macron vows to reform to avoid king's fate President Emmanuel Macron told dozens of the world's most powerful executives on Monday that he would not follow the path of guillotined French royals and would continue to reform the French economy despite a sometimes violent popular revolt. EU fines Mastercard 570 million euros over cross-border barriers The European Commission said on Tuesday it had fined Mastercard 570.6 million euros ($648.3 million) for limiting the possibility for merchants to benefit from better conditions offered by banks elsewhere in the European Union. Mastercard: EU fine of 570 million euros to be taken as charge in the fourth quarter of 2018 Mastercard said on Tuesday that an EU antitrust fine of 570.6 million euros ($648.3 million) would be taken as a charge in the fourth quarter of 2018, calling the closure of the case an important milestone for the company. Verdi union speaks out against any Deutsche Bank, Commerzbank merger Germany's Verdi labor union on Tuesday voiced concern over any possible merger between Germany's largest banks – Deutsche Bank and Commerzbank . UBS sees bumpy road ahead after fourth-quarter profit miss UBS warned of a tough start to 2019 after fourth-quarter earnings fell short of expectations in conditions Chief Executive Sergio Ermotti described as "historically tough". Related Video UBS, global growth worries send European shares into the red EasyJet counts cost of Gatwick drone disruption 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 2019 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