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
Japan shares scale 10-week peak, S&P 500 breaks 3,000 barrier
Asian shares forged ahead on Tuesday while U.S. stock futures breached a major chart barrier as investors looked past Sino-U.S. trade tensions to more stimulus in China and a re-opening world economy.
Categories: Reuters
'This could be the one that gets me,' says oilfield service veteran
Tim Harris was preparing to relocate for an assignment with energy services firm Halliburton Co for the fifth time in 15 years when his career came to a halt.
Categories: Reuters
Uber-rival Bolt raises 100 million euros
Ride-hailing service Bolt said on Tuesday it has raised 100 million euros ($109 million) from London-based investment firm Naya Capital Management in a deal valuing the European rival of Uber at 1.7 billion euros.
Categories: Reuters
Oil prices rise on supply cut hopes, easing of coronavirus lockdowns
Oil prices climbed on Tuesday, boosted by increasing faith in the market that producers will to stick to commitments to cut crude supply while demand picks up with more cars back on the road as coronavirus lockdowns are eased around the world.
Categories: Reuters
Exclusive: Cathay Pacific's brand merger hits roadblock from China's aviation regulator - sources
China's aviation regulator may make it difficult for Hong Kong's Cathay Pacific Airways Ltd to merge regional arm Cathay Dragon into its main brand because of infractions during last year's pro-democracy protests, two sources said.
Categories: Reuters
Daimler to invest in Chinese EV battery maker Farasis' $480 million IPO: sources
Daimler AG plans to invest in Farasis Energy's planned $480 million IPO, aiming to ensure a stable supply of batteries from the Chinese firm as it ramps up electric vehicle production, three people familiar with the matter said.
Categories: Reuters
Walmart's Mexico unit pays scaled-down tax of $358 million after government talks
Walmart de Mexico paid $358 million in taxes after talks with the Mexican government over an even larger sum authorities had aimed to charge the retailer for the sale of a restaurant chain, the company said on Monday.
Categories: Reuters
Samsung Group heir questioned by prosecutors over contentious 2015 deal
Samsung Group heir Jay Y. Lee on Tuesday was summoned and questioned by prosecutors over a controversial 2015 merger of two of the group's affiliates, Yonhap News Agency said.
Categories: Reuters
Japan shares hit 10-week peak, S&P 500 tests 3,000
Asian shares forged ahead on Tuesday while U.S. stock futures challenged a major chart barrier as investors looked past Sino-U.S. trade tensions to more stimulus in China and a re-opening world economy.
Categories: Reuters
Chile's Latam Airlines Group hires PJT Partners to restructure debt: report
Chile's Latam Airlines Group SA has hired U.S. investment boutique PJT Partners to explore debt restructuring options that may include bankruptcy protection filings in three countries, Brazilian newspaper O Estado de S. Paulo reported late on Monday.
Categories: Reuters
Samsung Group heir questioned by prosecutors over a 2015 deal
Samsung Group heir Jay Y. Lee on Tuesday was summoned and questioned by prosecutors over a controversial 2015 merger of two of the group's affiliates, Yonhap News Agency said.
Categories: Reuters
Japan shares reach 10-week high, look past Sino-U.S. tension
Asian shares crept ahead on Tuesday following an upbeat session in Europe and further gains in U.S. stock futures as investors looked past Sino-U.S. trade tensions to a re-opening world economy.
Categories: Reuters
Michelin says its Mexican plants have resumed operations
French tire maker Michelin resumed operations at its two plants in Mexico on Monday, saying that activity will be staggered at first.
Categories: Reuters
Walmart de Mexico says it has paid $358 million to tax authorities
Mexico's biggest retailer, Walmart de Mexico, said on Monday that it had paid 8.08 billion pesos ($358 million) to Mexican tax authorities in relation to its sale of a restaurant division and other matters.
Categories: Reuters
Germany still in talks with EU over Lufthansa bailout, expects green light: Altmaier
Germany is still in talks with the European Commission over its rescue package for flagship carrier Lufthansa , Economy Minister Peter Altmaier said on Monday, adding that Berlin expected Brussels to give the green light for the bailout.
Categories: Reuters
Air Canada, Transat deal faces intense EU antitrust scrutiny
Air Canada's bid for Canadian tour operator Transat AT Inc may result in higher prices and less choice for flights between Europe and Canada, EU antitrust regulators said on Monday as they opened a full-scale investigation into the deal.
Categories: Reuters
Toyota, Nissan and Honda gear up for Mexico reboot after COVID-19 lockdowns
Japanese automakers Toyota, Nissan and Honda said they are gradually restarting in Mexico as the nation's automotive industry reboots in line with a broader economic reopening, despite still-high numbers of new coronavirus cases.
Categories: Reuters
Volkswagen Mexico won't talk of restart while state decree in place
German automaker Volkswagen said on Monday it had satisfied federal requirements to resume production in Mexico but would not make announcements about renewing operations as long as a decree in the state of Puebla remains in effect.
Categories: Reuters
UBS announces global financing team
UBS said on Monday it has created a new global financing team, a group that will span across divisions under one group in order to serve clients in a faster and simpler fashion.
Categories: Reuters
French billionaires raise stakes in defence of publisher Lagardere
France's business elite closed ranks around publishing group Lagardere on Monday with LVMH's Bernard Arnault and Vivendi's Vincent Bollore swooping in to bolster its defences against London-based hedge fund Amber Capital.
Categories: Reuters