Reuters Before the Bell: Darkening 'global economic skies' pull stocks lower

Click to View in Browser Friday, February 8, 2019 Darkening 'global economic skies' pull stocks lower Global stocks fell for a third straight day on Friday, and were set for their first weekly loss in seven, as investors worried about a broadening global economic slowdown and the lack of any sign of a resolution to the U.S.-China trade row. Activist Elliott tells Pernod there is still work to do Activist investor Elliott kept up the pressure on French spirits group Pernod Ricard, welcoming this week's first-half results but calling for boardroom changes and better margins. Shell leads cash race but Exxon catching up Royal Dutch Shell widened its lead over Exxon Mobil as king of cash among the world's top oil and gas companies last year but its U.S. rival could catch up with its investment drive in new production. Deutsche Bank, Commerzbank merger talk 'speculation': German finance minister German Finance Minister Olaf Scholz said on Friday he was in talks with banks about their future and called reports of a merger of Deutsche Bank and Commerzbank "speculation". Crypto bear market threatens to last as potential token supply weighs Cryptocurrencies may be facing a prolonged bear market. Fifty years on, Boeing's 747 clings to life as cargo carrier Boeing's 747 jumbo jet, an aircraft that democratized global air travel in the 1970s but fell behind modern twin-engine passenger jets, has bounced back from near death to mark its 50-year flying anniversary on Saturday, thanks to a cargo market boom fueled by online shopping. U.S. Steel wins tax breaks from one of America's poorest cities United States Steel Corporation founded Gary, Indiana in 1906 - naming it after co-founder Elbert Henry Gary - and the city's fortunes have been closely tied to the company ever since. Brookfield in talks with India's Reliance Industries to buy tower, fibre assets: report Canadian private equity firm Brookfield Asset Management is in preliminary talks with India's Reliance Industries to buy a stake in its optical fibre and telecom tower assets, The Times of India newspaper reported on Friday. Bank of America appoints head of new EU unit in Brexit move Bank of America Merrill Lynch has named Sanaz Zaimi as head of its new Paris-based European Union broker-dealer unit BofA Securities Europe, the U.S. bank said on Friday. Sony stock jumps after first-ever share buyback announcement Sony Corp announced its first-ever major share buyback on Friday, worth 100 billion yen ($910 million), helping its stock recover from a hammering days earlier when investors freaked over lackluster earnings. Related Video Trade: global nerves fray, Germany hits fresh record in 2018 Sony splurges on blockbuster share buyback 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