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
SoftBank launches $100 mln fund investing in 'people of colour'
SoftBank Group Corp is launching a $100 million fund to invest in "companies led by founders and entrepreneurs of colour", in the latest corporate action as protests roil the United States.
Categories: Reuters
U.S. factory orders extend decline in April
New orders for U.S.-made goods plunged in April and business spending plans on equipment were much weaker than initially thought, suggesting business investment remained depressed early in the second quarter amid the COVID-19 pandemic.
Categories: Reuters
Wall Street gains on Boeing, recovery hopes
A jump in Boeing shares lifted Wall Street on Wednesday, with investors remaining optimistic about an economic rebound from a coronavirus-led slump amid continuing social unrest in the country.
Categories: Reuters
Exclusive: Trump administration to bar Chinese passenger carriers from flying to U.S.
President Donald Trump's administration said on Wednesday it will bar Chinese passenger carriers from flying to the United States starting on June 16 as it pressures Beijing to allow U.S. air carriers to resume flights.
Categories: Reuters
Airbus jobs on wire as underlying output falls 40%: sources
Airbus is looking to hold underlying jet output at 40% below pre-pandemic plans for two years, an approach which adds new pressure to cut thousands of jobs, industry sources said.
Categories: Reuters
Lufthansa vows extensive revamp as losses balloon
Lufthansa has pledged a wide-ranging restructuring, from thousands of job cuts to asset sales, as it seeks to repay a 9 billion euro ($10.1 billion) state bailout and navigate deepening losses in the face of the coronavirus pandemic.
Categories: Reuters
U.S. factory orders tumble in April
New orders for U.S.-made goods plunged in April, suggesting business spending remained depressed early in the second quarter amid the COVID-19 pandemic.
Categories: Reuters
Warner Music strikes a chord in $1.9 billion U.S. IPO
Warner Music Group Corp said on Wednesday it raised $1.93 billion in the biggest U.S. initial public offering (IPO) so far in 2020, with the world's third-largest recording label selling more shares than originally planned.
Categories: Reuters
Air fares decline in further threat to profit: IATA
Airlines cut domestic fares by an average 23% last month as traffic picked up from April lows, global industry body IATA said on Wednesday, warning that post-coronavirus discounting posed a further threat to profitability.
Categories: Reuters
Exclusive: Trump administration to bar Chinese passenger carriers from flying to U.S., sources say
President Donald Trump's administration plans to bar Chinese passenger carriers from flying to the United States starting in mid-June as it pressures Beijing to allow U.S. air carriers to resume flights, three U.S. and airline officials briefed on the matter told Reuters.
Categories: Reuters
U.S. services sector off 11-year trough; still contracting
U.S. services industry activity pushed off an 11-year low in May, but businesses appeared in no rush to rehire workers as they reopen, supporting views the economy could take years to recover from the devastation caused by the COVID-19 crisis.
Categories: Reuters
U.S. labor market appears to stabilize as private payrolls fall less than expected
U.S. private payrolls fell less than expected in May, suggesting layoffs were abating as businesses reopen, though the overall economy's recovery from the COVID-19 pandemic will be slow.
Categories: Reuters
Saudi, Russia agree oil cuts extension, raise pressure for compliance
OPEC leader Saudi Arabia and non-OPEC Russia have agreed a preliminary deal to extend existing record oil output cuts by one month while raising pressure on countries with poor compliance to deepen their cuts, OPEC+ sources told Reuters.
Categories: Reuters
Will Americans still travel abroad? Only with cast-iron coronavirus cover
In the new reality of COVID-19, some Americans may still be willing to travel abroad - but they're going to make sure they're insured up to the hilt.
Categories: Reuters
Wall Street opens higher on recovery optimism
U.S. stocks opened higher on Wednesday as investors remained optimistic about an economic rebound from a coronavirus-led slump amid continuing civil unrest in the country.
Categories: Reuters
Airlines cut fares to help boost May traffic: IATA
Airlines cut domestic fares by an average 23% last month as traffic picked up from April lows, global airline body IATA said on Wednesday - warning that post-coronavirus discounting posed a further threat to profitability.
Categories: Reuters
3M names General Electric exec Monish Patolawala as CFO
U.S. industrial conglomerate 3M Co on Wednesday appointed General Electric Co executive Monish Patolawala as the company's chief financial officer, effective July 1.
Categories: Reuters
Wall St. set for higher open on optimism over economic revival
Wall Street's major indexes were set to open higher on Wednesday, with Nasdaq inching closer to a record high, as investors remained optimistic about an economic rebound from a coronavirus-led slump amid continuing social unrest.
Categories: Reuters
U.S. private payrolls fall less than expected in May
U.S. private payrolls fell less than expected in May, with employers laying off another 2.76 million workers.
Categories: Reuters
Saudi, Russia reach deal on oil cuts, raising pressure for compliance
OPEC leader Saudi Arabia and non-OPEC Russia have agreed a preliminary deal to extend existing record oil output cuts by one month while raising pressure on countries with poor compliance to deepen their cuts, OPEC+ sources told Reuters.
Categories: Reuters