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: 4 years 29 weeks ago
Futures dip ahead of weekly jobless claims number
U.S. stock index futures dipped on Thursday as investors braced for another staggering weekly jobless claims number, while oil prices rose on hopes of sweeping production cuts.
Categories: Reuters
Streaming service Disney+ crosses 50 million paid subscribers globally
Walt Disney Co said on Wednesday that Disney+ has attracted more than 50 million paid users, with 8 million of them coming from India where the video streaming service was rolled out last week.
Categories: Reuters
Global stocks gain on hopes pandemic is reaching peak
Global shares rose on Thursday on hopes the COVID-19 pandemic was nearing a peak and that governments would roll out more stimulus to support their economies, while expectations of a deal to cut oil production bolstered crude prices.
Categories: Reuters
Exclusive: Wall Street firm dangled up to 175% returns to investors using U.S. aid programs
A New York investment firm pitched wealthy investors in recent days on a way to make returns of 22% to 175% using U.S. government programs designed to help Americans keep their jobs and boost the coronavirus-stricken economy, according to a marketing document seen by Reuters.
Categories: Reuters
UBS execs to donate millions to coronavirus fight as CEO cautions over uncertainty
UBS's most senior managers will each contribute the equivalent of three months' salary to fight the new coronavirus, Chief Executive Sergio Ermotti said on Thursday, as he cautioned over hopes for a swift recovery from the economic downturn caused by the epidemic.
Categories: Reuters
UniCredit renews commitment to boosting shareholder returns: chairman
UniCredit remains strongly committed to increasing returns for investors in Italy's biggest bank, its chairman said, following a decision to suspend dividend payments and a share buyback to comply with supervisory guidance.
Categories: Reuters
May is crunch time for U.S. auto suppliers amid coronavirus shutdown
Auto parts maker Kevin Clay landed a series of new contracts from customers early this year, and was bullish on 2020 after two challenging years.
Categories: Reuters
Kremlin calls for coordinated joint action on global oil markets
Russia wants coordinated joint action to stabilise global oil markets, Kremlin spokesman Dmitry Peskov said on Thursday ahead of a meeting between OPEC and non-OPEC producers.
Categories: Reuters
Nissan seeks $4.6 billion credit line as coronavirus hammers car demand: sources
Nissan Motor Co Ltd has requested a $4.6 billion commitment line from major lenders to cushion the impact of the coronavirus pandemic while it seeks to engineer a desperately needed turnaround, people with knowledge of the matter said.
Categories: Reuters
Tesla's China sales hit record high in March: industry association
Tesla Inc sold 10,160 vehicles in China in March, its highest ever monthly sales in the world's largest auto market, the China Passenger Car Association (CPCA) said on Thursday.
Categories: Reuters
Dollar steadies before US jobs data, riskier FX up on OPEC hopes
The dollar held firm on Thursday after the swings caused by the coronavirus pandemic, but some selling pressure may be in store with U.S. jobless data due later expected to show claims near record highs.
Categories: Reuters
UBS CEO: executives to contribute half of fixed salaries to virus fight
UBS senior executives will contribute 50% of their fixed salaries over the next six months to efforts to fight the new coronavirus epidemic, Chief Executive Sergio Ermotti said on Bloomberg TV on Thursday.
Categories: Reuters
Virgin Australia grounds almost all domestic flights, seeks government aid
Virgin Australia Holdings Ltd said on Thursday it would ground all domestic flights, except a single daily Sydney-Melbourne service through June 15, as it continues to seek government aid to weather the coronavirus crisis.
Categories: Reuters
Saudi, Russia to lead oil output talks as U.S. resists cut
OPEC and other oil producers led by Russia will discuss their largest ever output cut on Thursday in talks complicated by recent animosity and U.S. resistance to mandating cuts.
Categories: Reuters
Oil prices rise on optimism OPEC+ meeting will result in supply cut
Oil prices rose on Thursday on expectations the world's largest oil producers would agree to cut production at a meeting later in the day as the industry grapples with a coronavirus-driven collapse in global oil demand.
Categories: Reuters
UBS and Credit Suisse bow to regulator pressure on dividends
Swiss banks UBS and Credit Suisse will postpone paying out part of their 2019 dividends until later this year after mounting pressure from authorities over lenders' payouts during the coronavirus epidemic.
Categories: Reuters
Cash-strapped Virgin Australia grounds almost all domestic flights amid virus crisis
Virgin Australia Holdings Ltd said on Thursday it would ground all domestic flights, except a single daily Sydney-Melbourne service through June 15, as it continues to seek government aid to weather the coronavirus crisis.
Categories: Reuters
Nissan seeks $4.6 billion credit line after coronavirus hit: sources
Nissan Motor has requested a 500 billion yen ($4.6 billion) commitment line from major lenders after sales were battered by the coronavirus outbreak, two people with knowledge of the matter told Reuters on Thursday.
Categories: Reuters
Asian shares rise as investors pin hopes on pandemic peaking
Asian shares rose on Thursday on hopes the COVID-19 pandemic is nearing a peak and that governments would roll out more stimulus measures to support their economies, while expectations of a deal to cut oil production bolstered crude prices.
Categories: Reuters
Nissan seeks $4.6 billion credit line after coronavirus hit: Nikkei
Nissan Motor has requested a 500 billion yen ($4.6 billion) commitment line from major lenders after sales were battered by the coronavirus outbreak, the Nikkei business daily reported on Thursday.
Categories: Reuters