Reuters Before the Bell: Volkswagen to float 10% of truck unit, seeks to raise 1.9 billion euros

Click to View in Browser Friday, June 14, 2019 Volkswagen to float 10% of truck unit, seeks to raise 1.9 billion euros Volkswagen aims to raise up to 1.9 billion euros ($2.1 billion) by listing truck unit Traton, it said on Friday, scaling back earlier ambitions to list up to a quarter of the unit by opting to float a 10% stake. Bayer to invest $5.6 billion in weedkiller research to help reputation Germany's Bayer sought to repair its reputation on Friday after damage caused by U.S. litigation over claims its glyphosate pesticide causes cancer, saying it would invest 5 billion euros ($5.6 billion) in weedkiller research. Huawei delays global launch of foldable phone by three months Huawei will delay the launch of its much-touted foldable 5G Mate X smartphone by three months, the latest setback for the company that was slapped with U.S. sanctions last month. China launches inquiry into FedEx parcel delivery errors: Xinhua Chinese authorities have launched an investigation into FedEx Corp over parcels delivered to the wrong addresses, China's official Xinhua news agency reported on Friday. China data, Gulf tensions see bond yields slip, stocks suffer World stocks struggled and safe haven bets were back in play on Friday with German bond yields plumbing record lows as Chinese data rekindled woes about the health of the global economy and fears of a new U.S.-Iran confrontation intensified. United States and China suspend intellectual property litigation at WTO The United States and China have halted their dispute over intellectual property rights at the World Trade Organization until Dec. 31, the WTO dispute panel hearing the case said in a statement published on Friday. India minister says confident airline capacity problems will be solved India's new civil aviation minister said on Friday he is confident that airline capacity shortage problems following the grounding of Jet Airways Ltd will be solved, in the government's first comments about the issue since it was re-elected last month. Exclusive: Hong Kong tycoons start moving assets offshore as fears rise over new extradition law Some Hong Kong tycoons have started moving personal wealth offshore as concern deepens over a local government plan to allow extraditions of suspects to face trial in China for the first time, according to financial advisers, bankers and lawyers familiar with such transactions. Oman Air plans Airbus talks unless Boeing provides 737 Max support plan Oman Air CEO Abdulaziz Al Raisi plans to hold talks with Airbus if Boeing does not provide a support and recovery plan for its grounded 737 MAX planes before June 17, a statement by the Omani company said on Friday. WeWork considers $1.9 billion offer for 70% stake in Indian affiliate: Bloomberg Shared office space manager WeWork Cos is exploring a deal to take majority control of its affiliate WeWork India ahead of the New York-based company's plans to go public, Bloomberg reported on Thursday, citing people familiar with the matter. Related Video China's May industrial output growth cools to 17-yr low as trade war bites Forget soybeans, U.S. farmers rush to plant hemp 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