Monday, 15 April 2019

Reuters Before the Bell: Russia's Rusal lands first U.S. investment since sanctions lifted

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Monday, April 15, 2019
Russia's Rusal lands first U.S. investment since sanctions lifted
Rusal is making its first investment in the United States since Washington lifted sanctions against the Russian aluminum giant, teaming up with U.S. manufacturer Braidy Industries to build a mill in Kentucky.
German prosecutors press charges against former VW CEO Winterkorn
Prosecutors in the German city of Braunschweig said on Monday they were pressing criminal charges against former Volkswagen Chief Executive Martin Winterkorn in connection with the carmaker's manipulation of diesel emissions testing.
Best Buy promotes CFO Corrie Barry to CEO role
Best Buy Co Inc on Monday named Chief Financial Officer Corie Barry as the company's next Chief Executive Officer, the first woman to lead the consumer electronics retailer in its 53-year history.
Goldman Sachs quarterly profit falls 20 percent
Goldman Sachs Group Inc reported a 20 percent drop in quarterly profit on Monday as equities and bond trading fell due to low market volatility.
Stock futures muted ahead of big bank earnings
U.S. stock index futures were subdued on Monday as investors awaited more big banks earnings following JPMorgan's upbeat results, while sentiment was supported by reports of progress in trade talks.
ISS opposes free pass for UBS bosses after French tax ruling
UBS shareholders should oppose discharging the board and top management of Switzerland's biggest bank from liability after a guilty verdict in a French tax evasion case, proxy adviser Institutional Shareholder Services (ISS) said.
Oil pauses; focus on future supply direction
Oil prices halted their rally on Monday with Brent futures falling below $71 per barrel on signals that Russia may exit production cuts.
Trump says Boeing should fix, 'rebrand' grounded 737 MAX jet
U.S. President Donald Trump on Monday urged Boeing Co to fix and "rebrand" its troubled 737 MAX jetliner following two fatal crashes even as U.S. regulators continued to work with the planemaker and airlines regarding the now-grounded aircraft.
Exclusive: Toyota sells electric vehicle technology to Chinese startup Singulato
Toyota Motor Corp has agreed to sell electric car technology to Singulato, its first deal with a Chinese electric vehicle startup, allowing the fledgling firm to speed up development of a planned mini EV.
Stocks advance ahead of earnings; bonds stable
European stocks rose moderately after progress in the U.S.-China trade talks buoyed sentiment and investors grew somewhat optimistic about the next batch of corporate earnings.
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