Reuters Before the Bell: Thomson Reuters profit tops Wall Street forecasts

Click to View in Browser Wednesday, May 8, 2019 Thomson Reuters profit tops Wall Street forecasts Thomson Reuters Corp on Wednesday reported stronger-than-expected quarterly profit, helped by strong demand for information it sells to legal professionals, and reaffirmed its forecast for the rest of this year and 2020. Exclusive: China backtracked on nearly all aspects of U.S. trade deal - sources The diplomatic cable from Beijing arrived in Washington late on Friday night, with systematic edits to a nearly 150-page draft trade agreement that would blow up months of negotiations between the world's two largest economies, according to three U.S. government sources and three private sector sources briefed on the talks. Slim chance of comprehensive U.S.-China trade deal this week: Nomura Nomura analysts see a high likelihood further negotiations between the United States and China will be needed before a final trade deal is reached, dragging out a dispute between the world's two biggest economies that has kept investors on edge. Wendy's revenue, profit beat on new burgers, higher royalties Wendy's Co reported better-than-expected quarterly revenue and profit on Wednesday, as the U.S. burger chain benefited from higher royalty fees and the launch of its premium burgers that come with avocado, bacon and barbecue chicken. China April exports unexpectedly fall but imports rebound as fresh U.S. tariffs loom China's exports unexpectedly shrank in April but imports surprised with their first increase in five months, painting a mixed picture of the economy as Washington ratchets up pressure on Beijing with threats of more punishing tariffs. China to extend preferential taxes for integrated circuit firms China will extend preferential taxes for producers of integrated circuits and software companies, the cabinet said on Wednesday. Investors sell shares, shelter in bonds before make-or-break trade talks World shares tumbled towards five-week lows on Wednesday as renewed trade tensions and concern over the strength of the global economy drove investors to the safety of bonds and the Japanese yen, with the latter hitting a six-week high against the dollar. Eyeing IPO riches, Uber drivers go on strike in UK ahead of U.S. action Uber drivers in Britain started a day of transatlantic strikes on Wednesday to protest at the disparity between gig-economy conditions and the sums investors are likely to make in Friday's blockbuster stock market debut. Futures slip as investors eye crucial trade talks U.S. stock index futures fell on Wednesday, ahead of a crucial round of trade negotiations between the United States and China this week. Tesla closes $2.7 billion mixed offering of shares, debt Tesla Inc said on Wednesday it closed its $2.7 billion offering of stock and convertible notes and that it was over-subscribed, giving the electric carmaker much needed cash as it ramps up production. Related Video Uber drivers strike in U.S. and UK as IPO looms Trump's tax data show $1 bln in losses over decade: NYT 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