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
Timeline: India central bank takes control of bad loan-burdened Yes Bank
India's central bank took control of the country's fifth-largest private sector lender Yes Bank on Thursday and imposed limits on withdrawals, spreading confusion and fear among account holders.
Categories: Reuters
On the brink: China's bakers, bars and beauty spas struggle to survive coronavirus
The coronavirus outbreak in China is pushing many small businesses to the brink, as efforts to stem its spread left usually bustling streets deserted and malls shut or empty.
Categories: Reuters
Facebook, Google ask San Francisco staff to work from home as coronavirus spreads
Social media giant Facebook Inc and Alphabet Inc's Google on Thursday recommended their San Francisco Bay area employees work from home to minimize the risk of spreading coronavirus.
Categories: Reuters
Facebook, Google ask San Francisco staff to work from home amid coronavirus
Social media giant Facebook Inc and Alphabet Inc's Google on Thursday recommended their San Francisco Bay area employees to work from home to minimize the risk of spreading Covid-19.
Categories: Reuters
How Lipper Award-winning fund managers are playing coronavirus scare
Uncertainty over the economic impact of the coronavirus outbreak has prompted at least some winners of the U.S. Lipper Fund Awards to look for companies that can withstand a prolonged pullback.
Categories: Reuters
'Unsustainable': Mexico's Pemex buckling under crushing pension debt
Straining under a massive debt load and at risk of a ratings downgrade, Mexican state oil company Petroleos Mexicanos (Pemex) was hit with a record jump in its pension liabilities last year as more workers retired on generous benefits.
Categories: Reuters
Stocks battered by Treasury rally as virus sparks shake out
Asian shares and U.S. stock futures tumbled on Friday as disruptions to business from the coronavirus worsened, stoking fears of a prolonged global economic slowdown.
Categories: Reuters
Cathay Pacific to close Vancouver cabin crew base, cutting 147 roles
Hong Kong's Cathay Pacific Airways Ltd said on Friday it was closing its Vancouver cabin crew base, laying off 147 crew members, as part of an ongoing business review.
Categories: Reuters
U.S. employment report expected to show strength before coronavirus spread
U.S. job growth likely slowed in February, but the pace probably remained consistent with a healthy labor market despite the coronavirus outbreak, which stoked financial market fears of a recession and prompted an emergency interest rate cut from the Federal Reserve.
Categories: Reuters
Oil slips amid demand concern, fears over OPEC+ deal for deeper output cuts
Oil slid nearly 1% on Friday as worries about global oil demand and economic growth slowdown caused by the coronavirus outbreak were heightened by concern over non-OPEC crude producers not yet having agreed to cut output further to support prices.
Categories: Reuters
HSBC sends home 100 London staff, confirms China coronavirus case
HSBC Holdings PLC has sent home more than 100 staff in London after a worker tested positive for the coronavirus, the first known case at a major company in Europe's main financial hub.
Categories: Reuters
Probe panel on Kansai Elec's graft scandal to report findings on March 14
An independent committee investigating a graft scandal at Kansai Electric Power Co , Japan's second-largest utility, will release its findings on March 14, a representative of the committee said on Friday.
Categories: Reuters
South Korea, Japan to hold export control talks via teleconference, Jiji says
South Korea and Japan will hold export control talks originally planned for March 10 in Seoul via teleconference, the Jiji news agency reported on Friday, reflecting the widening impact of the coronavirus outbreak.
Categories: Reuters
Stocks suffer, Treasury yields plumb new depths as virus spreads
Asian shares and U.S. stock futures fell on Friday following another Wall Street rout as disruptions to global business from the coronavirus beyond China worsened, stoking fears of a prolonged world economic slowdown.
Categories: Reuters
JPMorgan CEO Jamie Dimon undergoes emergency heart surgery
JPMorgan Chase & Co Chief Executive Jamie Dimon is recovering from emergency heart surgery that took place on Thursday morning, with two deputies taking over as he recuperates, the bank said.
Categories: Reuters
Airlines suspend flights due to coronavirus outbreak
Airlines have been suspending flights or modifying services in response to the coronavirus outbreak.
Categories: Reuters
Trump says U.S. economy could take hit from coronavirus
President Donald Trump said on Thursday the U.S. economy might take a hit from the coronavirus outbreak but predicted the challenge would eventually pass and defended his handling of the crisis.
Categories: Reuters
Wall Street drops over 3% on virus fears, travel shares slammed
U.S. stocks tumbled on Thursday, with shares of banks and travel companies taking a beating, as a new wave of fear about the spread of the coronavirus and its economic impact gripped investors just one day after election results powered a rally.
Categories: Reuters
Stock sell-off rolls to Asia, bonds rally on virus risk
Asian shares fell on Friday following another Wall Street rout as disruptions to global business from the coronavirus beyond China worsened, stoking fears of a prolonged world economic slowdown.
Categories: Reuters
Former UAW President Gary Jones charged in U.S. corruption probe
Former United Auto Workers (UAW) President Gary Jones was charged on Thursday with embezzling more than $1 million of union funds amid a U.S. corruption probe that has raised the specter of a federal government takeover of the union.
Categories: Reuters