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
Twitter, Elliott agree on board seats, Silver Lake investment
Twitter Inc said on Monday that it will name three new directors to its board in an agreement with activist investor Elliott Management and private equity firm Silver Lake.
Categories: Reuters
Wall Street whacked by oil crash, virus fears
Wall Street's main stock indexes plummeted and the Dow Jones Industrials crashed 2,000 points on Monday as a 20% slump in oil prices and the rapid spread of the coronavirus amplified fears of a global recession.
Categories: Reuters
Russian oil to remain competitive despite price slump, says energy minister
Russia's oil sector will remain competitive and keep its share of the market regardless of price forecasts, the country's energy ministry said on Monday.
Categories: Reuters
Tesco plans $6.6 billion shareholder return from Asia disposals
Tesco plans to return $6.6 billion to shareholders after agreeing to sell its supermarket businesses in Thailand and Malaysia to Charoen Pokphand Group as part of plans to refocus on Britain.
Categories: Reuters
CP Group's $10 billion Tesco deal to test mettle of Thailand's new antitrust watchdog
CP Group's $10 billion deal to buy Tesco PLC's 2,000 Thai retail outlets marks the end of a three-way tycoon tussle - and the beginning of the first engagement for Thailand's newly powerful antitrust watchdog.
Categories: Reuters
Ryanair cuts more Italian flights to April 8 over coronavirus
Ryanair on Monday said it would make further cuts to domestic and international flights to and from Italy until April 8 after the Italian government imposed travel restrictions in the north of the country to limit the spread of the coronavirus.
Categories: Reuters
Coronavirus shock, oil price plunge pummel world stocks
Global stock markets plunged on Monday and crude oil prices tumbled by as much as a third after Saudi Arabia launched a price war with Russia, sending investors already spooked by the coronavirus outbreak fleeing for the safety of bonds and the Japanese yen.
Categories: Reuters
Apple sells fewer than 500,000 smartphones in China in February amid coronavirus
Apple sold fewer than half a million iPhones in China in February, government data showed on Monday, as the coronavirus outbreak halved demand for smartphones.
Categories: Reuters
Dow slumps 2,000 points after oil shock
Wall Street's main stock indexes plummeted and the Dow Jones Industrials crashed 2,000 points on Monday as a 22% slump in oil prices and the rapid spread of the coronavirus amplified fears of a global recession.
Categories: Reuters
Airline SAS cancels 8% of scheduled March flights: NRK
Scandinavian airline SAS has canceled 2,000 of the flights it had scheduled for March, equating to 8% of the total, the company told Norwegian broadcaster NRK on Monday.
Categories: Reuters
Exclusive: Goldman turns to veteran Daffey to navigate post-Brexit markets
Goldman Sachs named top trader Michael Daffey as global markets chairman on Monday, with a remit to strengthen key client relationships as the Wall Street giant tries to remodel its trading business in Europe after Brexit.
Categories: Reuters
Factbox: A 7% plunge in the S&P just triggered a trading halt. Here's how circuit breakers work
A plunge in U.S. markets on Monday triggered a 15-minute trading halt in stocks after the S&P 500 fell 7% shortly after the market opened.
Categories: Reuters
Boeing shares plunge as FAA rejects proposal on MAX wiring
Shares of Boeing Co dropped 12% on Monday after the planemaker's proposal to leave wiring bundles in place on the grounded 737 MAX failed to get the backing of U.S. aviation regulators, potentially delaying the plane's return to service.
Categories: Reuters
U.S. stock market circuit breakers working as expected: NYSE president
Safeguards in the U.S. stock market are functioning as planned, the president of the New York Stock Exchange said on Monday, after a 7% decline in the S&P 500 triggered a 15 minute trading pause shortly after the market opened.
Categories: Reuters
Dow dives 2,000 points after oil shock
Wall Street's main indexes dropped 7% and the Dow Jones Industrials crashed 2,000 points in what would be its biggest one-day fall ever, as trading resumed on Monday following a 22% slump in oil prices.
Categories: Reuters
Oil prices plunge by a third as Saudi-Russian pump war looms
Oil prices lost as much as a third of their value on Monday in their biggest daily rout since the 1991 Gulf War as Saudi Arabia and Russia signalled they would hike output in a market already awash with crude after their three-year supply pact collapsed.
Categories: Reuters
Wall Street resumes trading after 7% plunge triggers halt
U.S. stocks resumed trading after being halted as the benchmark S&P 500 index plunged 7% and triggered an automatic 15-minute cutout shortly after the opening bell on Monday.
Categories: Reuters
Twitter strikes deal with Elliott, Silver Lake
Twitter Inc on Monday announced a deal with Elliott Management Corp, giving it a board seat just over a week after the activist hedge fund pushed for the removal of Chief Executive Officer Jack Dorsey.
Categories: Reuters
Saudi Aramco shares dive, Gulf debt markets hit as oil drops
Saudi Aramco shares fell by as much as 10% on Monday, dropping below their December listing price after Saudi Arabia and Russia said they would raise oil production in a battle for market share, sending crude prices down by a third.
Categories: Reuters