Thursday, 14 February 2019

Reuters Before the Bell: Shares and oil at three-month highs but no love for euro

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Thursday, February 14, 2019
Shares and oil at three-month highs but no love for euro
Optimism about U.S.-China trade talks and bumper earnings lifted European shares to a three-month high on Thursday, though news that Germany only dodged recession by the narrowest of margins left the euro feeling unloved.
Google, Amazon among those targeted in EU unfair practices digital rules
Google, Amazon and other tech firms will have to tell companies how they rank their own or rival products on their platforms under new rules agreed by EU negotiators aimed at stopping unfair practices by online platforms and app stores.
Airbus to scrap A380 superjumbo production as sales slump
Europe's Airbus is scrapping production of the A380 superjumbo, with lackluster sales forcing it to abandon a dream of dominating the skies with a 21st century cruiseliner.
Airbus's A380 decision won't cause major job losses in Germany - government
The German government is not expecting widespread job cuts in Europe's largest economy following Airbus's decision to scrap production of the A380 superjumbo, the aerospace policy coordinator told Reuters on Thursday.
Amazon faces probe into treatment of sellers in Austria
Austria's competition authority has begun investigating whether Amazon is exploiting its market dominance in relation to other retailers that use its website as a marketplace, it said on Thursday.
Bottler Coca-Cola HBC warns of higher finance costs, lower consumer spending
Shares of soft drink bottler Coca Cola HBC AG fell 4 percent on Thursday after it warned of higher finance costs and weak consumer spending in several of its markets this year.
Belgium tax break for BP, others, upheld by EU court
BP, BASF and more than 30 other multinationals stand to benefit after EU judges overturned an order demanding Belgium revoke a tax break.
Why Walmart farms out same-day grocery deliveries to low-cost freelance drivers
Jeff Leonard slides behind the wheel of his burgundy Hyundai Accord and heads to a nearby Walmart Inc store, where he picks up the package of groceries waiting for him.
U.S.-China trade talks move to higher level as deadline looms
U.S. Treasury Secretary Steven Mnuchin said he was looking forward to trade talks with China on Thursday, as discussions in Beijing moved to a higher level in a push to de-escalate a tariff war ahead of a March 1 deadline for a deal.
HSBC forex trading costs cut sharply by blockchain -executive
HSBC has reduced the cost of settling foreign exchange trades by a quarter through its blockchain-based system, an executive overseeing the project told Reuters, offering a glimpse of the savings the technology could offer banks.
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