Market News

  1. The German government will probably not take a quick decision on whether to allow China's Huawei to build Germany's 5G network, a government source said on Tuesday.
  2. Huawei Technologies Co Ltd's founder and chief executive pledged not to share any customer information with the Chinese government and said it had never done so, in an interview with CBS News that aired on Tuesday.
  3. Walmart Inc reported an estimate-beating jump in holiday quarter comparable sales on Tuesday as a strong economy boosted consumer spending and fueled more e-commerce purchases, sending its shares up nearly 4 percent in premarket trade.
  4. Activist investor Edward Bramson's bid to join the Barclays board is destined to fail, shareholders told Reuters, though he has sharpened scrutiny of its investment banking strategy that Bramson argues has depressed profitability.
  5. Honda will close its only British car plant in 2021 with the loss of up to 3,500 jobs, a major departure of Japanese investment announced just over a month before the United Kingdom is due to leave the European Union.
  6. Medical device maker Medtronic Plc on Tuesday beat Wall Street estimates for quarterly profit, driven by higher sales in its surgical products unit and restorative therapies group.
  7. Swedish defense firm Saab AB, which is seeking to sell its Gripen fighter jets to the Indian Air Force, said on Tuesday it could offer to make most of them in a production facility likely to be set up in one of the southern cities.
  8. Volkswagen's Audi is considering cutting night shifts at its Ingolstadt plant, Handelsblatt reported on Tuesday, citing the head of the luxury carmaker's works council.
  9. China's e-commerce giant Alibaba Group Holding Ltd has raised its stake in top domestic investment bank China International Capital Corp's Hong Kong-listed shares to nearly 12 percent, an exchange disclosure showed on Monday.
  10. A new round of talks between the United States and China to resolve their trade war will take place in Washington on Tuesday, with follow-up sessions at a higher level later in the week, the White House said.
  11. Nestle's success with its KitKat brand means its does not need to add new businesses after selling its candy unit to Italy's Ferrero last year, the Swiss food group's global head of confectionery said.
  12. British business secretary Greg Clark will not speak at Tuesday's EEF manufacturing conference as billed and his deputy Richard Harrington will appear instead, the Department for Business, Energy and Industrial Strategy said.
  13. A German court on Tuesday ruled in favor of Volkswagen in a case brought by a customer seeking compensation for having bought a diesel car affected by emissions cheating, but the plaintiff's lawyer plans to appeal.
  14. European and Asian shares hovered near four-month highs on Tuesday as investors took heart from some progress in Sino-U.S. trade talks, while the yen dribbled lower as Japan's central bank said it could ease policy again.
  15. Britons could face shortages of fresh food, price rises and less variety if the country leaves the European Union next month without agreeing on trade terms, food industry officials say.
  16. U.S. discount retailer Payless ShoeSource Inc on Monday filed for voluntary Chapter 11 bankruptcy protection for the second time, along with its North American subsidiaries, and said it would wind down all North American stores by the end of May.