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
Panasonic to suspend battery production at Tesla joint venture in Nevada due to coronavirus
Categories: Reuters
Apple scraps curbs on online buyers of iPhones amid virus outbreak
Apple has dropped a two-device limit on online purchases of iPhones, a check of its web stores showed on Monday, just days after changing the checkout procedure amid a coronavirus pandemic.
Categories: Reuters
Goldman Sachs sees 1% drop in global GDP due to 'coronacrisis'
Goldman Sachs said it expected global real gross domestic product to contract by about 1% in 2020, a sharper economic decline than in the year following the 2008 global financial crisis.
Categories: Reuters
Shell lowers 2020 capex, suspends share buyback
British oil major Shell joined other companies in the sector in lowering capital expenditure for the current year by about $5 billion and suspended the next tranche of its share buyback plan to weather a hit from the recent oil price crash.
Categories: Reuters
SoftBank to raise $41 billion to expand share buyback, cut debt
SoftBank Group Corp said on Monday it is selling or monetizing up to 4.5 trillion yen ($41 billion) in assets to buy back 2 trillion yen of its shares and reduce debt, sending its stock soaring to its biggest daily gain in nearly 12 years.
Categories: Reuters
Hyundai Motor heir apparent buys $15 million shares in automaker, parts affiliate
Hyundai Motor Group's heir apparent Euisun Chung bought shares in automaker Hyundai Motor and parts affiliate Hyundai Mobis for a combined 19 billion won ($15 million), according to stock exchange filings.
Categories: Reuters
Stocks stagger as more nations self-isolate against virus
Asian shares sank on Monday as a rising tide of national lockdowns threatened to overwhelm policymakers' frantic efforts to cushion what is likely to be a deep global recession.
Categories: Reuters
Domestic travel, airline hubs the latest hit as coronavirus curbs tighten
Airlines canceled more flights on Monday, as Australia and New Zealand warned against non-essential domestic travel, the United Arab Emirates (UAE) halted flights for two weeks and Singapore and Taiwan banned foreign transit passengers in the coronavirus battle.
Categories: Reuters
Airbus signs credit facility for 15 billion euros, withdraws 2020 guidance
Planemaker Airbus announced new steps on Monday to bolster its financial position as a coronavirus pandemic cripples the travel industry, including the signing of a credit facility for 15 billion euros ($16.1 billion).
Categories: Reuters
Senate GOP virus bill aids U.S. transport sector; offers airlines loans, not cash
A Senate Republican coronavirus stimulus package would provide financial aid to U.S. airports, transit systems and passenger railroad Amtrak, but $50 billion for struggling U.S. airlines would be a loan, not a cash payout, the proposal showed.
Categories: Reuters
Stocks crumble as more nations shut for business to curb virus
Asian shares sank on Monday as a rising tide of national lockdowns threatened to overwhelm policymakers' frantic efforts to cushion what is likely to be a deep global recession.
Categories: Reuters
Oil markets slump amid coronavirus chaos
Oil prices fell on Monday as governments escalated lockdowns to curb the spread of the global coronavirus outbreak that has slashed the demand outlook for oil and threatened a global economic contraction.
Categories: Reuters
Senate GOP coronavirus bill aids U.S. transit, airports but loans not cash for airlines
A Senate Republican coronavirus stimulus package would provide financial aid to U.S. airports, transit systems and passenger railroad Amtrak, but $50 billion for struggling U.S. airlines would be a loan not a cash payout, according to a copy of the proposal seen by Reuters.
Categories: Reuters
Exxon notifies contractors, vendors of spending cuts over coronavirus
Exxon Mobil Corp is notifying contractors and vendors of planned near-term cuts in capital and operating expenses over a coronavirus pandemic, and will announce the plans once they are final, company spokesman Jeremy Eikenberry said on Sunday.
Categories: Reuters
Boeing worker at Everett plant dies from coronavirus: Seattle Times
A worker at Boeing Co's Everett factory outside Seattle who had the coronavirus has died, the Seattle Times reported on Sunday, citing co-workers, a union official and a Facebook post by the man's brother.
Categories: Reuters
Domestic travel, airline hubs the latest hit as coronavirus restrictions tighten
Airlines cancelled more flights on Monday as Australia and New Zealand advised against non-essential domestic travel, the United Arab Emirates (UAE) halted flights for two weeks and Singapore and Taiwan banned foreign transit passengers.
Categories: Reuters
Airbus says plants to reopen at slower production rate
Airbus confirmed on Sunday it would resume only partial aircraft production when its French and Spanish factories reopen on Monday after a four-down shutdown to tackle health concerns over the coronavirus.
Categories: Reuters
Occidental nears deal with activist Icahn on proxy battle: source
U.S. oil and gas producer Occidental Petroleum Corp is nearing an agreement with activist investor Carl Icahn to halt a proxy battle in return for board seats, according to a person familiar with the matter.
Categories: Reuters
Wall Street stares down another bleak week, with coronavirus risks amplified
Wall Street analysts and investment managers expect another rough week for U.S. markets due to coronavirus fears, with a wild open for futures on Sunday evening as lawmakers battled over an economic aid package in Washington.
Categories: Reuters
WeWork board's special committee prepares for fight against SoftBank
The special committee of WeWork's board is preparing for a fight against Japan's SoftBank Group Corp saying that SoftBank should complete its tender offer promised to the office sharing company's employees and shareholders.
Categories: Reuters