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
Governments offer aid as airlines forced to deepen cuts to flights, staffing
Australia and Taiwan joined governments offering financial aid to airlines as coronavirus and stricter travel controls forced carriers to deepen cuts to capacity and staffing.
Categories: Reuters
Chinese EV maker Nio raises going concern doubts
Cash-strapped Chinese electric vehicle (EV) maker Nio Inc said on Wednesday there was substantial doubt in its ability to continue as a going concern.
Categories: Reuters
Israel's Hapoalim will pay $870 million to end U.S. tax probe
Israel's biggest bank, Hapoalim, said on Wednesday it expects to pay $870 million to settle a U.S. tax evasion investigation.
Categories: Reuters
Japanese automakers close more plants in Europe, Asia due to virus
Japanese automakers on Wednesday said they would temporarily close more vehicle plants in Europe and Asia as the spread of the coronavirus prompts countries to instruct non-essential businesses to suspend operations.
Categories: Reuters
Impact of virus turmoil would hit Deutsche Bank later this year, not in first-quarter: executive
The impact of the current turmoil related to the coronavirus is more likely to affect Deutsche Bank later this year rather than in the first quarter, an executive said on Wednesday.
Categories: Reuters
Futures slump as stimulus high fades, Boeing tumbles
U.S. stock index futures tumbled on Wednesday, pointing to another volatile session for Wall Street as a bounce from sweeping stimulus measures was eclipsed by growing signs of coronavirus damage to corporate America.
Categories: Reuters
Chairman of Santander's Portuguese unit dies from coronavirus
The chairman of the Portuguese unit of Spain's largest bank, Santander, Antonio Vieira Monteiro, died from the coronavirus on Wednesday, the second victim of the disease in Portugal, a source familiar with the matter told Reuters.
Categories: Reuters
U.S. crude hits 17-year low as lockdowns, restrictions spread
Oil prices fell for a third session on Wednesday with U.S. crude futures tumbling to a 17-year low as travel and social lockdowns sparked by the coronavirus epidemic knocked the outlook for demand.
Categories: Reuters
Nissan to stop producing cars in Indonesia as part of reorganisation plan
Nissan Motor Co on Wednesday said it would stop producing vehicles in Indonesia, consolidating its global production in the face of falling sales which has pummeled its profitability and threatened its survival.
Categories: Reuters
Emirates asks pilots to take unpaid leave, Qatar Airways lays off staff
Middle East airline Qatar Airways laid off about 200 Filipino staff in Doha this week and rival Emirates asked pilots to take unpaid leave as the coronavirus outbreak hammers demand for travel.
Categories: Reuters
Goldman tells staff in Americas, EMEA to work from home after two coronavirus cases found
Goldman Sachs has instructed most of its staff in the Americas, Europe, Middle East and Africa to work from home from Wednesday until further notice, according to an internal notice seen by Reuters.
Categories: Reuters
Global oil, gas producers slash spending after crude price rout
Oil and gas companies around the world aim to slash spending as crude prices have plunged due to the impact of the coronavirus and a push by Saudi Arabia and Russia to ramp up output.
Categories: Reuters
Factbox: Oil products markets in turmoil as coronavirus infects demand
The oil products markets globally are caught between a rock and a hard place as the impact of ultra cheap oil, which should be a boon for refiners, is mitigated by record low prices for gasoline and jet fuel.
Categories: Reuters
German retailers plead for state aid as stores close
Germany's HDE retail association called on Wednesday for the government to give immediate state aid and tax relief to stop businesses going bust as stores closed to stem the spread of the coronavirus, losing 7 billion euros ($7.70 billion) per week.
Categories: Reuters
Futures slide again as stimulus high fades
U.S. stock index futures tumbled on Wednesday, pointing to another volatile session for Wall Street on fears that even dramatic stimulus measures would not be able to avert a deep coronavirus-driven recession.
Categories: Reuters
UBS weathers coronavirus ramp-up with low losses: CFO
Swiss bank UBS has seen relatively low losses in its lending portfolio and feels comfortable with its liquidity despite market drops amidst the coronavirus pandemic, Chief Financial Officer Kirt Gardner said on Wednesday.
Categories: Reuters
Emirates asks pilots to take unpaid leave, Qatar Airway lays off staff
Middle East airline Qatar Airways laid off about 200 Filipino staff in Doha this week and rival Emirates asked pilots to take unpaid leave as the coronavirus outbreak hammers demand for travel.
Categories: Reuters
Toyota says plans to shut more plants in Europe, Asia due to coronavirus
Toyota Motor Corp on Wednesday said it planned to stop output at more vehicles plants in Europe and Asia as the spread of the coronavirus prompts countries to instruct non-essential businesses to suspend operations.
Categories: Reuters
Stocks, oil sliding again in 'irrevocably changed' markets
Global stocks stumbled back into the red on Wednesday with Wall Street futures pointing to more losses ahead as fears over the coronavirus fallout eclipsed large-scale support measures rolled out by policymakers around the globe.
Categories: Reuters
Unions urge Airbus to extend output freeze due to virus fears
French unions are urging Airbus to keep its French factories closed beyond March 23, when it plans to resume production after a four-day shutdown, raising questions over the knock-on impact on plants elsewhere in Europe.
Categories: Reuters