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Bayer's top seed faces U.S. soybean challenge from Corteva

Reuters Business News - Wed, 03/04/2020 - 07:09
Bayer AG's takeover of Monsanto has been beset by problems, and now a decades-long dominance of the $4 billion U.S. soybean seed market is under threat from rival Corteva Inc.
Categories: Reuters

Global markets: Bonds hold gains after Fed's surprise rate cut

Reuters Business News - Wed, 03/04/2020 - 07:07
Bonds held onto gains on Wednesday after the U.S. Federal Reserve's surprise 50 basis point interest rate cut, part of global efforts to contain economic damage from the coronavirus outbreak.
Categories: Reuters

Oil rises as OPEC, allies work on big cut

Reuters Business News - Wed, 03/04/2020 - 06:56
Brent oil prices rose on Wednesday on expectations that major producers have moved closer to an agreement to enact deeper output cuts aimed at offsetting the slump in demand caused by the coronavirus outbreak.
Categories: Reuters

Oil steadies as OPEC, allies work on big cut

Reuters Business News - Wed, 03/04/2020 - 04:37
Brent oil prices steadied on Wednesday, paring early gains as markets assessed whether deeper output cuts by major producers would be enough to offset the impact of the coronavirus outbreak.
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Bond yields near record lows after Fed rate cut

Reuters Business News - Wed, 03/04/2020 - 04:34
Bonds held their gains on Wednesday as investors digested the U.S. Federal Reserve's dramatic move to cut interest rates in an effort to contain economic damage from the coronavirus.
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Facebook gives WHO free ads in battle with coronavirus misinformation

Reuters Business News - Wed, 03/04/2020 - 03:56
Facebook Inc will provide free advertisements to the World Health Organization (WHO) as it seeks to ensure users are not misinformed about the virus, its risks and how to react to it, Chief Executive Officer Mark Zuckerberg said on Tuesday.
Categories: Reuters

Investor Stroll eyes sharing Formula One tech with Aston Martin road cars

Reuters Business News - Wed, 03/04/2020 - 03:40
Canadian billionaire Lawrence Stroll, who is investing in carmaker Aston Martin , sees the opportunity to share Formula One technology with the firm's range of road cars, he said on Wednesday.
Categories: Reuters

Lego classics build growth for Danish toymaker in shrinking market

Reuters Business News - Wed, 03/04/2020 - 03:01
Model fire stations and garbage trucks helped Lego defy a shrinking toy market with a rise in sales last year, as the plastic brick maker outpaced rivals with the latest versions of its classic kits, as well as new stores and a revamped website.
Categories: Reuters

Oil rise as OPEC, allies move closer to deeper output cuts

Reuters Business News - Wed, 03/04/2020 - 02:46
Oil prices rose on Wednesday on hopes that major producers have made progress towards sealing an agreement to implement deeper output cuts aimed at offsetting the slump in demand caused by the global coronavirus outbreak.
Categories: Reuters

Factbox: Airlines' steps to revive bookings hit by global coronavirus outbreak

Reuters Business News - Wed, 03/04/2020 - 01:19
In an effort to win over passengers hesitant about traveling in the midst of a spreading coronavirus outbreak, some airlines are offering free rebooking options.
Categories: Reuters

Asian shares struggle despite Fed cut; resurgent Biden boosts U.S. futures

Reuters Business News - Wed, 03/04/2020 - 01:18
Asian shares struggled to find their footing on Wednesday and bonds held stunning gains, as an emergency rate cut from the U.S. Federal Reserve seemed to stoke rather than soothe fears over the coronavirus' widening global economic fallout.
Categories: Reuters

How an ill-timed bet on a U.S. oil refinery cost ICBCS millions

Reuters Business News - Wed, 03/04/2020 - 01:11
A team of ICBC Standard bankers celebrated in London last June after closing its first major U.S. refinery deal and gaining a foothold in the biggest energy market in the world.
Categories: Reuters

Oil clambers higher as OPEC, allies move closer to deeper output cuts

Reuters Business News - Wed, 03/04/2020 - 00:18
Oil prices jumped 1.5% on Wednesday on hopes that major producers have made progress towards sealing an agreement to implement deeper output cuts aimed at offsetting the slump in demand caused by the global coronavirus outbreak.
Categories: Reuters

Asian shares struggle for traction as Fed cut fails to boost confidence

Reuters Business News - Tue, 03/03/2020 - 23:08
Asian shares struggled to find footing on Wednesday and bonds held stunning gains, as an emergency rate cut from the U.S. Federal Reserve seemed to stoke rather than soothe fears over the coronavirus' widening global economic fallout.
Categories: Reuters

Resiliency test: How well can Chinese firms cope financially from a virus hit?

Reuters Business News - Tue, 03/03/2020 - 22:46
As companies in China gradually restart business following the extended Lunar New Year break, investors are fretting over the financial impact of the coronavirus outbreak that has squeezed cash flow and hammered revenues in many sectors.
Categories: Reuters

Amazon confirms first coronavirus case among U.S. employees

Reuters Business News - Tue, 03/03/2020 - 22:23
Online retailer Amazon.com Inc said on Tuesday an employee in the United States tested positive for the coronavirus.
Categories: Reuters

Oil rises as OPEC+ moves closer toward deeper output cut

Reuters Business News - Tue, 03/03/2020 - 21:41
Oil prices rose more than 1% on Wednesday on expectations that major producers have moved closer to an agreement to enact deeper output cuts aimed at offsetting the slump in demand caused by the coronavirus outbreak.
Categories: Reuters

Exclusive: SoftBank-backed CloudMinds blocked from exporting U.S. tech to China

Reuters Business News - Tue, 03/03/2020 - 21:10
SoftBank-backed startup CloudMinds has been blocked from sharing U.S.-origin technology with its China business, documents showed, illustrating how increased U.S. government restrictions are creating new headaches for tech firms and their investors.
Categories: Reuters

Asian shares struggle for traction as Fed cut fails to lift confidence

Reuters Business News - Tue, 03/03/2020 - 20:19
Asian shares wobbled on Wednesday and bonds held gains, as an emergency rate cut from the U.S. Federal Reserve did little to soothe investor fears over the coronavirus's widening fallout.
Categories: Reuters

HK's Bank of East Asia to review assets with Elliott Management

Reuters Business News - Tue, 03/03/2020 - 19:48
Hong Kong-based Bank of East Asia said on Wednesday it would carry out a comprehensive review of its portfolio of businesses and assets with the support of activist investor Elliott Management.
Categories: Reuters
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