U.S. stock index futures fell on Monday, as fears over the impact on major technology companies from Washington’s crackdown on China’s Huawei Technologies added to concerns over worsening trade dispute between the world’s two biggest economies.
Coca-Cola Co said on Monday it had dropped plans to refranchise its Africa bottling business, Coca-Cola Beverages Africa (CCBA), and would instead keep its majority stake in the unit for the time being.
Mobile phone parts producer Lumentum Holdings Inc said on Monday it has discontinued all shipments to Huawei Technologies as it intends to fully comply with the recent United States Department of Commerce export restrictions.
Huawei will support its smartphones and tablets by providing security updates and services, it said, after Google barred it from updates to the Android operating system.
Russia suffered a $1 billion shortfall in export revenues in the first two weeks of May after the discovery of contaminated oil disrupted pipeline flows to Europe, a Reuters calculation showed.
U.S. President Donald Trump on Monday rejected a New York Times report that raised questions about multiple Deutsche Bank transactions involving entities controlled by him and his son-in-law Jared Kushner.
Stock markets weakened on Monday as concerns mounted about an escalating fallout from a U.S. crackdown on China’s Huawei Technologies.
Spain’s Telefonica is reviewing a U.S. order which hit Chinese telecoms giant Huawei with severe sanctions, to see if it will affect its customers, a spokeswoman for the group said on Monday.
Trading companies Vitol and Unipec are sending around 700,000 tonnes of contaminated Russian oil to Asia in an attempt to place the barrels rejected by buyers in Europe, according to trading sources and ship tracking data.
Shares in Deutsche Bank set a new low on Monday, just days before investors gather for their annual general meeting.
China accused the United States on Monday of harboring “extravagant expectations” for a trade deal, underlining the gulf between the two sides as U.S. action against China’s technology giant Huawei began hitting the global tech sector.
Huawei said on Monday it would continue to provide security updates and services for its smartphones and tablets after being barred from Google updates to its Android operating system.
Huawei said it would continue to provide security updates and services for its smartphones and tablets after Google said it would comply with an order barring the Chinese company from updates to its Android operating system.
Goldman Sachs is in talks to buy B&B Hotels from private equity firm PAI Partners, the companies said on Monday, in a deal which an earlier report from the Financial Times said could be worth 1.9 billion euros ($2.1 billion).
European stocks slipped on Monday as concerns about an escalating fallout from a U.S. crackdown on China’s Huawei Technologies offset a slightly more positive tone on trade.
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