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RSS FeedsUS stocks set to fall as Google block on Huawei adds to trade tensions - business live
(The Guardian Japan)

 
 

20 may 2019 13:24:18

 
US stocks set to fall as Google block on Huawei adds to trade tensions - business live
(The Guardian Japan)
 


Chinese phonemaker shut out from Android software after Trump banGoogle blocks Huawei access to Android updates after blacklistingTrump tweets threat: `If Iran wants to fight, that will be the end of Iran´Ryanair profits slide due to lower fares and Brexit uncertainty 12.16pm BST JLR´s messaging around the results is emphasising its turnaround plans. It announced 4,500 job losses in January in a bid to realise £2.5bn in cost cuts and efficiency savings.Jaguar Land Rover has been one of the first companies in its sector to address the multiple headwinds simultaneously sweeping the automotive industry. We are taking concerted action to reduce complexity and to transform our business through cost and cash flow improvements.The company has returned to profitability in the fourth quarter and already delivered £1.25 billion of efficiencies and savings. 12.10pm BST Jaguar Land Rover lost £358m in its last financial year - before taking into account £3.3bn in previously reported exceptional costs mostly associated with an accounting writedown.Britain´s largest carmaker, which is owned by India´s Tata Motors, said revenues came in at £7.1bn in the fourth quarter of the year ending on 31 March. 11.44am BST US stock market futures suggest that trade tensions are going to take their toll again.Nasdaq futures prices suggest the tech-heavy index will fall by 1.1%. Futures for the Dow Jones industrial average are down by 0.4%, and by 0.5% for the S&P 500.The recent escalation in the US-China trade dispute threatens to worsen the outlook for world trade at a time when trade volumes exhibit negative growth as well as dampening hopes of a recovery in the global economy. This is unsettling equity markets and increasing the risk of a stiff correction. 11.11am BST BP is not happy with the Greenpeace protestors blockading their offices. The activists earlier abseiled down from the top of the building and put letters reading `climate emergency` over the office windows.We welcome ...


 
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