Reuters Before the Bell: European shares recover, but trade worries mount

Click to View in Browser Thursday, May 16, 2019 European shares recover, but trade worries mount European stocks rose half a percent to the day's highs on Thursday, erasing earlier losses, while the euro gained in volatile trade as the threat of auto tariffs were pushed back. Walmart says higher tariffs on China goods will increase prices for shoppers Walmart Inc said on Thursday that prices for shoppers will go up due to higher tariffs on imports from China as it reported overall revenue and online sales growth slowed in the first quarter. Futures rise after upbeat Cisco, Walmart earnings U.S. stock index futures rose on Thursday, as upbeat earnings from Cisco and Walmart overshadowed concerns over strained trade ties between the United States and China after Washington blacklisted telecom equipment giant Huawei. Airbus CEO says all planemakers to suffer from 'lose-lose' trade war Airbus Chief Executive Guillaume Faury warned on Thursday any further escalation of trade tensions would damage aerospace firms globally, including the European planemaker's U.S. rival Boeing. New head of UK's BT telecoms gives each worker 500 pounds worth of shares The new chief executive of Britain's BT Group said he would award each employee 500 pounds ($641) worth of shares, at a total cost of 50 million pounds, to create a more engaged workforce and improve customer service levels at the telecoms giant. Austrian prosecutors see little basis for case against Airbus: report Austrian prosecutors believe there is little basis for their fraud investigation into the Eurofighter consortium's $2 billion deal in 2003 to sell jets to the Austrian government, two media reported on Thursday, citing an internal report. EU fines five banks $1.2 billion for foreign exchange rigging Barclays, Citigroup, JP Morgan, MUFG and Royal Bank of Scotland were fined a combined 1.07 billion euros ($1.2 billion) by the European Union on Thursday for rigging the multi-trillion dollar foreign exchange market. Blacklist mess: Huawei's $105 billion business at stake after U.S. broadside The latest U.S. broadside against Huawei that puts the Chinese firm on an exports blacklist threatens to rattle the global tech supply chain, linked closely to the $105 billion business of the world's top supplier of telecoms network equipment. In limbo: the dirty Russian oil no one wants to pay for The bills are due for millions of barrels of contaminated Russian oil that have been stuck for weeks in pipelines from Belarus to Germany - but no one wants to pay. Airbus CEO: premature to talk about buying Bombardier Belfast plant The head of Europe's Airbus said it was too early to talk about acquiring a Belfast factory placed on sale by Canada's Bombardier . Related Video Tesla to push software update following car fires Russia has 19 million barrels of oil that no one wants 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