AB InBev Asia cancels world's largest IPO of 2019

Anheuser-Busch InBev said on Friday it will not proceed with the planned listing in Hong Kong of its Asia Pacific unit, Budweiser Brewing Company APAC Ltd , in what would have been the world's biggest initial public offering of 2019.

Wall Street stocks climb, dollar drops on rate-cut optimism

Wall Street stocks edged higher and the dollar fell on expectations of a U.S. interest-rate cut on Friday, while oil futures were little changed as supply worries triggered by a tropical storm were offset by signs of a global surplus for several months.

Oil flat as tropical storm limits output, glut forecasts weigh

Oil prices were little changed on Friday as U.S. Gulf of Mexico crude output dropped by more than half from disruptions caused by a tropical storm, but concerns over a global crude surplus in the months ahead limited gains.

Wall Street hits new highs on rate-cut optimism

U.S. stocks hit record highs on Friday as high expectations for an interest-rate cut from the Federal Reserve continued to propel shares while investors awaited next week's kickoff of the corporate earnings season.

U.S. to hold hearing on French tax investigation Aug. 19

The U.S. Trade Representative's (USTR) Office will hold a hearing on Aug 19 in its probe of France's new planned tax on big technology companies, calling the proposal "unreasonable."

Exclusive: Pentagon races to track U.S. rare earths output amid China trade dispute

The Pentagon is rapidly assessing the United States' rare earths capability in a race to secure stable supply of the specialized material amid the country's trade conflict with China, which controls the rare earths industry, according to a government document seen by Reuters.

J&J faces U.S. criminal probe related to baby powder: Bloomberg

The U.S. Justice Department is pursuing a criminal probe into whether Johnson & Johnson lied about potential cancer risks of its talcum powder and has convened a grand jury in Washington, Bloomberg reported on Friday, citing people with knowledge of the matter.

Volkswagen zooms ahead in extension of alliance with Ford to electric, automated cars

Ford Motor Co and Volkswagen AG said they will spend billions of dollars to jointly develop electric and self-driving vehicles, deepening a global alliance to slash development and manufacturing costs while positioning VW as the initial winner.

EU legal advice favors Vivendi in feud with Mediaset

An Italian law that forced French media group Vivendi to forfeit most of its voting rights in Italian broadcaster Mediaset may not comply with European rules, according to European Commission legal advice seen by Reuters.

Renault-Nissan audit findings submitted to French prosecutors

Renault has handed French prosecutors the conclusions of an audit into its joint finances with alliance partner Nissan , the carmaker said on Friday.

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