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 27 weeks ago
Hong Kong government to lead Cathay Pacific bailout package: SCMP
Hong Kong's government will lead a near HK$30 billion ($3.9 billion) bailout package for Cathay Pacific Airways Ltd giving it two observer seats in the boardroom, the South China Morning Post reported on Tuesday, citing sources.
Categories: Reuters
Oil prices rise as easing of lockdowns spurs fuel demand hopes
Oil prices climbed on Tuesday as the easing of coronavirus lockdown measures across the globe lifted trader hopes for a swift recovery in demand, though gains were capped by the spectre of persistent oversupply in the market.
Categories: Reuters
South Korean court denies arrest warrant request for Samsung heir
A South Korean court on Tuesday denied an arrest warrant request for Samsung Group heir Jay Y. Lee after prosecutors accused him of accounting fraud and stock manipulation.
Categories: Reuters
Hong Kong govt to lead Cathay Pacific bailout package: SCMP
Hong Kong's government will lead a near HK$30 billion ($3.9 billion) bailout package for Cathay Pacific Airways Ltd giving it two observer seats in the boardroom, the South China Morning Post reported on Tuesday, citing sources.
Categories: Reuters
TSMC says still in talks about subsidies for new U.S. plant
Taiwan Semiconductor Manufacturing Co Ltd (TSMC) is still in talks with the U.S. government about subsidies for its new plant in Arizona, chairman Mark Liu said on Tuesday.
Categories: Reuters
Chinese telecom firms urge FCC not to revoke ability to operate in U.S.
The U.S. units of China Telecom Corp’s and China Unicom urged the Federal Communications Commission (FCC) not to revoke the company's nearly two-decade old authorization to provide international telecommunications services to and from the United States.
Categories: Reuters
Australia shakes up foreign investment laws for national security
Australia announced the biggest shakeup of its foreign investment laws in almost half a century on Friday, including giving the government the power to force the sale of a business if it creates a national security risk.
Categories: Reuters
IBM exits facial recognition business, calls for police reform
International Business Machines Corp disclosed Monday it will no longer offer facial recognition or analysis software in a letter to Congress calling for new efforts to pursue justice and racial equity, new Chief Executive Officer Arvind Krishna said.
Categories: Reuters
Asia stocks extend rally as economic recovery hopes boost confidence
Asian stocks rallied for their ninth straight day on Tuesday and oil prices jumped as the lifting of coronavirus lockdowns in many countries fed investor hopes of a relatively quick global economic recovery.
Categories: Reuters
Men accused of helping ex-Nissan boss flee Japan challenge U.S. extradition case
Lawyers for the former Green Beret and son wanted by Japan for helping former Nissan Motor Co boss Carlos Ghosn flee the country on Monday argued U.S. authorities wrongly arrested them for aiding a crime that they say does not exist in Japan: bail jumping.
Categories: Reuters
China's troubled Baoshang rescue exposes fault lines in bank reform drive
In May 2019, China's central bank announced a shock takeover of a lender, its first such move in 20 years, citing "serious credit risks". Creditors in small Baoshang Bank were to take a hit, assets would be sold and an example set for governance.
Categories: Reuters
TSMC says planned U.S. factory in line with company's interests
Taiwan Semiconductor Manufacturing Co Ltd's planned factory in the United States is "definitely in line with" the company's interests, Chairman Mark Liu told investors on Tuesday.
Categories: Reuters
Oil prices rise on optimism easing of lockdowns to spur fuel demand
Oil prices climbed on Tuesday, paring losses from the previous session, as markets broadly rose on growing confidence in a global recovery with pandemic lockdowns easing.
Categories: Reuters
Cathay Pacific, major shareholders Swire and Air China halt trading in Hong Kong
Cathay Pacific Airways Ltd and its major shareholders Swire Pacific Ltd and Air China Ltd halted trading in their shares in Hong Kong on Tuesday pending announcements.
Categories: Reuters
Cathay Pacific and major shareholders Swire and Air China halt trading
Hong Kong's Cathay Pacific Airways Ltd and its major shareholders Swire Pacific Ltd and Air China Ltd entered share trading halts in Hong Kong on Tuesday pending announcements.
Categories: Reuters
Asia stocks set to gain after recovery hopes push Wall Street higher
Asian stocks were set to climb on Tuesday as confidence in an economic recovery pushed the Nasdaq benchmark to a record high, although doubts about crude supply cuts were likely to keep oil prices under pressure.
Categories: Reuters
Nasdaq ends at record, confirms bull market on economic recovery hopes
The Nasdaq posted a record closing high on Monday, becoming the first of the major indexes to confirm a new bull market, while the S&P 500 ended in positive territory for the year as expectations for a swift recovery from a coronavirus-driven downturn increased.
Categories: Reuters
Macy's raises $4.5 billion to shore up funds as stores reopen, shares surge
Macy's Inc said on Monday it raised a total of $4.5 billion, including $3.15 billion in new borrowings against its real estate assets, as the department store chain tries to navigate through the fallout from the COVID-19 pandemic.
Categories: Reuters
Macy's raises $4.5 billion through asset-based credit, bonds
Macy's Inc said on Monday it raised a total of $4.5 billion, including $3.15 billion in asset-based credit, as the department store chain tries to navigate through the fallout from the COVID-19 pandemic.
Categories: Reuters