Bhinneka News Online: Reuters Before the Bell: Futures higher on trade optimism; inflation data awaited

Friday 29 March 2019

Reuters Before the Bell: Futures higher on trade optimism; inflation data awaited

Click to View in Browser

Friday, March 29, 2019

Futures higher on trade optimism; inflation data awaited

U.S. stock index futures rose on Friday, the last trading day of the quarter, as the latest round of U.S.-China trade talks ended on a positive note and investors awaited inflation data.

Cost of Boeing groundings rises as TUI takes $200 million-plus hit

Anglo-German tour operator TUI became the latest Boeing 737 MAX operator to warn of a hit to its profits as the U.S. planemaker moved to restore confidence in its best-selling model after two fatal crashes that have grounded the planes worldwide.

BP CEO Dudley's 2018 pay slips to $14.7 million

BP Chief Executive Bob Dudley's pay package slipped to $14.7 million last year from $15.1 million in 2017, even though the oil and gas company's profits doubled to a five-year high.

Huawei urges U.S. to drop 'loser's attitude' as carrier business revenue slips

China's Huawei Technologies called on Washington to drop the "loser's attitude" and once again rubbished U.S. allegations its gear could be used by Beijing for spying, as its network business weakened amid mounting global scrutiny.

Exclusive: Goldman's China-backed fund bucks trade tensions to buy U.S. firm

Goldman Sachs Group Inc invested money from China's sovereign wealth fund in a California-based industrial company and is looking for more U.S. deals, three sources familiar with the matter said, even after increased scrutiny from Washington all but stopped U.S.-China deals last year.

Women running the money? Rarely at hedge funds

Generous salary and juicy bonus? Check. Client meetings at private members' club? Check. Swanky Mayfair office? Check. Company maternity scheme? Maybe, we'll get back to you.

H&M shares fly off the shelves as turnaround strategy shows promise

Fashion retailer H&M reported a much smaller than expected fall in quarterly profit on Friday as it sold more products at full price and margins held up, in a first sign that its turnaround strategy is producing results.

Lyft valued at $24.3 billion in first ride-hailing IPO

Lyft Inc was valued at $24.3 billion in the first initial public offering (IPO) of a ride-hailing startup on Thursday, raising more than it had set off to do as investors overlooked uncertainty over its path to becoming a profitable company.

U.S., China hold 'constructive' trade talks in Beijing

U.S. officials held "constructive" talks in Beijing, Treasury Secretary Steven Mnuchin said on Friday, concluding the latest round of dialogue with China aimed at resolving the bitter trade dispute between the world's two largest economies.

Exclusive: Chinese EV car maker NIO restricts its IPO banks from working for rivals - sources

Chinese electric vehicle (EV) maker NIO Inc has blocked the eight top investment banks that did its IPO from working for rivals by tying them up in rare year-long non-compete clauses, several people with direct knowledge of the matter said.