Private equity firms Cinven and Advent have teamed up to bid in an auction that could value Nestle's skin health business at about 7 billion Swiss francs ($7 billion), three sources familiar with the matter said.
The world's second-largest economy expanded by 6.6 percent. original story: https://abcnews.go.com/Business/wireStory/china-2018-economic-growth-falls-decade-low-60513864
Crude prices rose to their highest so far in 2019 on Monday after data showed refinery processing in China, the world's second-largest oil consumer, climbed to a record last year despite a slowing economy.
French supermarket retailer Casino , which is in the process of divesting assets to cut debts, said on Monday it would sell 26 stores worth 501 million euros ($567 million) in the first half of 2019.
Asian markets kept their nerve on Monday as data showed the Chinese economy slowed at the end of last year, underlining the urgent need for more stimulus as Beijing wrestles with the United States over trade.
Toyota Motor Corp and Panasonic Corp are set to launch a joint venture next year to produce batteries for electric vehicles (EV) in an effort to compete with Chinese rivals, a source familiar with the matter said.
VF, CVS Health and JB Hunt Transportation climb while Netflix and Tesla skid original story: https://abcnews.go.com/Business/wireStory/vf-cvs-health-jb-hunt-jump-netflix-falls-60479116
Oil prices dipped on Monday, weighed down by expectations that China will report its weakest economic growth in almost three decades amid waning domestic demand and painful U.S. tariffs.
Intel Corp operates mostly outside the Apple-sphere, and that is exactly why whatever it says next week about business in its vital Chinese market matters so much for investors.
Stocks in the U.S. and Europe jumped Friday as renewed hopes for progress in trade talks between the U.S. and China helped the markets finish the week with another strong gain original story: https://abcnews.go.com/Business/wireStory/major-us-stock-indexes-fared-friday-60479126
The move to electric vehicles will make cars significantly more expensive, meaning they may become unaffordable for people on low incomes in the future, the chairman of Volkswagen said in an interview published on Sunday.
U.S. stocks surge to their fourth weekly gain in a row as investors grow more optimistic about trade talks between the U.S. and China original story: https://abcnews.go.com/Business/wireStory/us-stocks-rise-build-week-rally-60470411
Ousted Nissan Motor Co Chairman Carlos Ghosn said on Sunday he will remain in Japan and follow restrictions by local authorities in exchange for his release from jail in the latest effort to persuade a court to grant him bail while he awaits trial on charges of financial misconduct.
Warren Buffett's Berkshire Hathaway Inc has signed an agreement to allow extraction of lithium from its geothermal wells in California, a project that could offer U.S. carmakers and battery producers a secure supply of the metal, the Financial Times reported on Sunday.
Pressure on rivals as US group moves to absorb research cost
US-China trade talks wrap up without clear word on progress; Asian markets fall back original story: https://abcnews.go.com/Business/wireStory/us-china-trade-talks-wrap-outcome-unclear-60274584
Travel industry and economists fear damage from a prolonged government shutdown original story: https://abcnews.go.com/Business/wireStory/travel-industry-fears-damage-long-government-shutdown-60477036
China is expected to report on Monday that economic growth cooled to its slowest in 28 years in 2018 amid weakening domestic demand and bruising U.S. tariffs, adding pressure on Beijing to roll out more support measures to avert a sharper slowdown.