Reuters Business News
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.
Updated: 3 years 47 weeks ago
Facebook invests $5.7 billion in India's Reliance Jio
Facebook Inc announced a $5.7 billion investment in Reliance Industries Ltd's telecom unit on Wednesday, making it the largest minority shareholder in Jio Platforms Limited.
Categories: Reuters
Trump urges U.S. House to approve latest coronavirus relief bill
U.S. President Donald Trump on Tuesday welcomed the agreement reached between Republican and Democratic lawmakers to provide more coronavirus relief funding for small businesses and others.
Categories: Reuters
U.S.' Pelosi, Schumer welcome deal with funds for small business, hospitals and testing
U.S. House Speaker Nancy Pelosi and Senate Democratic leader Chuck Schumer welcomed a bipartisan deal reached on small business loan support, along with money for hospitals and testing, and said the U.S. Congress would aim to pass it this week.
Categories: Reuters
U.S. Senate deal does not extend assistance to local news outlets
A nearly $500 billion spending deal reached by U.S. Senate leaders on Tuesday does not expand payroll assistance to struggling local newspapers and broadcast stations, whose advertising revenues have plummeted during the coronavirus pandemic.
Categories: Reuters
Trump says he will discuss more coronavirus money for states after current bill passes
U.S. President Donald Trump on Tuesday said discussions on additional coronavirus-related aid for state and local governments would start after Congress passes a bill funding more small business loans, hospitals and testing.
Categories: Reuters
Oil prices recover ground after market turmoil fuels price plunge
Oil prices found some respite on Wednesday as U.S. oil futures rose more than 20% and Brent prices steadied after a two-day price plunge, as markets struggle with a massive crude glut amid the coronavirus outbreak.
Categories: Reuters
White House mulls liability protection for reopening businesses: Trump adviser
The Trump administration is considering the possibility of providing liability protection to small businesses that reopen and put their employees back to work as the nation tries to repair the economic damage wrought by the coronavirus, a top White House adviser said on Tuesday.
Categories: Reuters
Lawsuit claims 10 big banks rigged market for 'odd-lot' U.S. corporate bonds
Ten of the world's largest banks, including JPMorgan Chase and Bank of America, have been sued for allegedly conspiring over nearly 14 years to rig prices in the $9.6 trillion U.S. corporate bond market, costing ordinary investors billions of dollars.
Categories: Reuters
California regulator wants PG&E reorganization plan changes, proposes $2 billion fine
A California regulator has asked PG&E Corp for governance and oversight changes to its reorganization plan, while proposing about $2 billion in penalties for the San-Francisco based utility's role in causing the devastating 2017 and 2018 wildfires in California.
Categories: Reuters
Strained U.S. mortgage firms get support but push for liquidity facility
The U.S. housing regulator on Tuesday provided some long-awaited relief for mortgage firms facing billions of dollars of missed home loan repayments, although industry officials said more liquidity assistance was needed.
Categories: Reuters
JPMorgan Chase plans to return employees to work in phases: memo
JPMorgan Chase & Co, the largest U.S. lender, said on Tuesday it was working on a plan to bring thousands of employees who have been working from home for more than five weeks back onsite in stages, according to an internal memo seen by Reuters.
Categories: Reuters
U.S. energy companies' quarterly reports to show depths of slump
Investors are in for more bad news on the energy front in the coming weeks as a host of the sector's biggest companies report quarterly results following the historic collapse in oil prices.
Categories: Reuters
Expedia nearing deal to sell stake to Silver Lake and Apollo: WSJ
Online travel services company Expedia Group Inc is in advanced talks to sell a stake to private-equity firms Silver Lake Partners and Apollo Global Management Inc for about $1 billion, the Wall Street Journal reported on Tuesday.
Categories: Reuters
Exclusive: ValueAct eyes Nintendo with stake of over $1.1 billion - letter
Activist investor ValueAct Capital Partners LP has built a stake of over $1.1 billion in Nintendo , according to a letter seen by Reuters, a bet that digital software distribution and the development of new entertainment products will fuel growth at the Japanese gaming company.
Categories: Reuters
Asia equities set to plunge after U.S. crude collapses for second day
Asian share markets were set to tumble on Wednesday as the floor fell out from under U.S. crude prices, exposing the deep damage the coronavirus pandemic has had on global economic demand.
Categories: Reuters
Ripple sues YouTube over cryptocurrency scams
Blockchain firm Ripple sued Alphabet Inc's YouTube on Tuesday, alleging the video-sharing platform failed to protect consumers from cryptocurrency "giveaway" scams that use fake social media profiles to dupe victims into sending money.
Categories: Reuters
Explainer: Antitrust law will not get in the way of U.S. acting to raise oil prices
It is illegal for oil producers to meet to discuss pushing up oil prices under U.S. antitrust law, but perfectly legal if state regulators or the federal government set lower production levels for them, legal experts said.
Categories: Reuters
Brent oil futures plunge as growing glut feeds market panic
Brent oil futures prices plunged again on Tuesday, extending oil market panic into a second day with no end in sight to a swelling global crude glut as the coronavirus pandemic has obliterated demand for fuel.
Categories: Reuters
Wall Street tumbles as oil crash stirs pandemic fears
Wall Street tumbled for a second straight day on Tuesday as a collapse in U.S. oil prices and glum forecasts by companies worsened fears of a deep economic downturn.
Categories: Reuters
U.S. Senate passes nearly $500 billion coronavirus bill aiding small business
The U.S. Senate on Tuesday unanimously passed legislation providing nearly $500 billion in additional federal aid to help small businesses hurt by the coronavirus pandemic and to aid hospitals dealing with large numbers of seriously ill patients.
Categories: Reuters