Reuters Before the Bell: Global stocks fall on U.S. tax reform doubts, May's woes hit sterling

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Monday, November 13, 2017

Global stocks fall on U.S. tax reform doubts, May's woes hit sterling

LONDON (Reuters) - Uncertainty over a U.S. tax reform deal pushed world stock markets further away from recent record highs on Monday, while Britain's pound fell on growing concern about the future of Prime Minister Theresa May.

GE slashes quarterly dividend ahead of expected restructuring

(Reuters) - General Electric Co said on Monday it would chop its quarterly dividend in half, as part of an overhaul of the company that new Chief Executive John Flannery is due to roll out later in the day.

Stock futures lower as tax reform uncertainty weighs

(Reuters) - U.S. stock index futures were marginally lower on Monday as uncertainty over the future of President Donald Trump's tax reform plan weighed on the sentiment.

China's JD.com sees stock jump after swing to third-quarter profit

(Reuters) - JD.com, China's second largest e-commerce firm, saw its stock jump over 7 percent in pre-market trading on Monday after it reported better-than-expected income for the quarter ended in Sept. 30, due to strong sales.

GE slashes quarterly dividend

(Reuters) - General Electric Co said on Monday it would halve its quarterly dividend to 12 cents per share.

Boeing takes head start in Dubai with Emirates Dreamliner order

DUBAI (Reuters) - Emirates unveiled a preliminary order worth $15 billion for 40 Boeing jets on Sunday, but kept Europe's Airbus waiting for a lifeline order for A380 superjumbos as the Dubai Airshow opened amid worries over tensions in the Middle East.

GM's electric car sales will meet quotas by 2019, says China chief

BEIJING (Reuters) - General Motors Co's China joint ventures will be able to generate enough new energy vehicle (NEV) sales volume to account for NEV production quotas by 2019 and without the need to buy credits, GM China chief Matt Tsien said on Monday.

Dubai wants guarantee on A380 output before placing new order

DUBAI (Reuters) - Dubai wants a guarantee that Airbus will keep production of the A380 superjumbo open for at least 10 years before state-owned Emirates places a new order for the world's largest jetliner, the airline's president said on Monday.

Aramco plans to spend $300 billion over 10 years in upstream oil and gas: CEO

ABU DHABI (Reuters) - Saudi Aramco plans to spend close to $300 billion over 10 years in upstream oil and gas projects, Chief Executive Amin Nasser said on Monday.

Qualcomm draws up plans to rebuff Broadcom's $103 billion offer: sources

(Reuters) - U.S. chipmaker Qualcomm Inc is making preparations to reject rival Broadcom Ltd's $103 billion bid as early as this week, four people familiar with the matter said on Sunday, setting the stage for one of the biggest-ever takeover battles.

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