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Exclusive: Newly obtained documents show Huawei role in shipping prohibited U.S. gear to Iran

Reuters Business News - Mon, 03/02/2020 - 11:39
China’s Huawei Technologies, which for years has denied violating American trade sanctions on Iran, produced internal company records in 2010 that show it was directly involved in sending prohibited U.S. computer equipment to Iran’s largest mobile-phone operator.
Categories: Reuters

Oil up over 2% as hopes of OPEC cut, stimulus counter virus gloom

Reuters Business News - Mon, 03/02/2020 - 11:35
Oil prices rose over 2% on Monday, reversing an early fall to multi-year lows as hopes of a deeper cut in output by OPEC and stimulus from central banks countered worries about damage to demand from the coronavirus outbreak.
Categories: Reuters

Blackstone reshuffles London energy team amid Siccar Point sale attempt

Reuters Business News - Mon, 03/02/2020 - 11:32
Blackstone Group Inc has reshuffled its London-based private equity team in charge of energy while trying to sell all or part of its flagship investment, North Sea oil and gas producer Siccar Point.
Categories: Reuters

Traders bet on big Fed rate cuts as virus spreads

Reuters Business News - Mon, 03/02/2020 - 11:23
The U.S. central bank will deliver a big dose of stimulus starting this month in a bid to protect the world's biggest economy from the impact of the spread of the new coronavirus, based on the price of futures contracts tied to the Federal Reserve's policy rate.
Categories: Reuters

Futures traders bet on big U.S. rate cut by Fed this month

Reuters Business News - Mon, 03/02/2020 - 10:46
The U.S. central bank will deliver a big dose of stimulus this month in a bid to protect the world's biggest economy from the impact of the spread of the new coronavirus, traders of futures contracts tied to the Federal Reserve's policy rate are betting.
Categories: Reuters

Wall Street up in choppy trade, stimulus measures take center stage

Reuters Business News - Mon, 03/02/2020 - 10:44
U.S. stock indexes were slightly higher in choppy trading on Monday, as investors assessed the efficacy of further monetary stimulus amid the growing economic impact of the coronavirus outbreak.
Categories: Reuters

Japanese minister tells Lebanon Ghosn should stand trial in Japan

Reuters Business News - Mon, 03/02/2020 - 10:23
Fugitive ex-Nissan boss Carlos Ghosn should stand trial in Japan, a Japanese government minister told the Lebanese government during a visit to Beirut on Monday, adding that Beirut had agreed to cooperate but without saying how.
Categories: Reuters

Goldman Sachs halts non-essential foreign business travel: memo

Reuters Business News - Mon, 03/02/2020 - 10:21
Goldman Sachs Group Inc has told its staff that all non-essential international business travel should be postponed, according to a memo seen by Reuters.
Categories: Reuters

Oil up as hopes of OPEC cut, stimulus counter virus gloom

Reuters Business News - Mon, 03/02/2020 - 10:13
Oil prices rose on Monday, reversing an earlier fall to multi-year lows as hopes of a deeper cut in output by OPEC and stimulus from central banks countered worries about damage to demand from the coronavirus outbreak.
Categories: Reuters

Deere names CEO John May chairman

Reuters Business News - Mon, 03/02/2020 - 09:38
Farm equipment maker Deere & Co on Monday named Chief Executive Officer John May chairman, effective May 1.
Categories: Reuters

Advent/Cinven-led consortium to spend 'billions' on expanding Thyssenkrupp Elevator

Reuters Business News - Mon, 03/02/2020 - 09:05
(This March 1 story has been refiled to show that the consortium is led by Advent and Cinven)
Categories: Reuters

Stocks cling to stimulus hopes, Treasuries slide towards 1%

Reuters Business News - Mon, 03/02/2020 - 09:00
World stock markets regained a measure of calm on Monday as hopes for a raft of global interest rate cuts to soften the economic blow of the coronavirus steadied nerves and drove U.S. Treasury yields close to 1%.
Categories: Reuters

Nike temporarily closes European HQ in the Netherlands due to coronavirus case

Reuters Business News - Mon, 03/02/2020 - 08:56
U.S. sportswear giant Nike said on Monday its European headquarters in the Netherlands would be closed until Wednesday after an employee was infected with the new coronavirus.
Categories: Reuters

UK finance could be eclipsed by cars in U.S. trade deal

Reuters Business News - Mon, 03/02/2020 - 08:20
Britain's financial services industry could fare less well than energy, autos and other sectors under a free trade deal with the United States, the government said on Monday.
Categories: Reuters

Nokia replaces CEO with Fortum boss Lundmark to revive 5G business

Reuters Business News - Mon, 03/02/2020 - 07:28
Nokia has rehired former executive Pekka Lundmark from energy group Fortum to lead the Finnish telecoms company's efforts to revive its faltering 5G business.
Categories: Reuters

Barclays investor Sherborne renews attacks on CEO over Epstein link

Reuters Business News - Mon, 03/02/2020 - 07:27
Barclays' chairman and board should rescind their support for Chief Executive Jes Staley following the disclosure of regulatory probes into his links with U.S. financier Jeffrey Epstein, the bank's third biggest investor said on Monday.
Categories: Reuters

UK says any system for resolving U.S. investor disputes will be fair

Reuters Business News - Mon, 03/02/2020 - 06:43
The British government said any system to protect U.S. companies' interests in the country after a free trade agreement - typically a sensitive issue for civil society groups worried about the power of multinationals - would have to be fair and transparent.
Categories: Reuters

Britain says it will not compromise on food standards in U.S. trade talks

Reuters Business News - Mon, 03/02/2020 - 06:40
Britain will not lower its regulation around environmental protection, animal welfare and food standards as part of trade talks with the United States, it said in a document setting out its mandate on Monday.
Categories: Reuters

Britain says health service, drug prices not up for negotiation in U.S. talks

Reuters Business News - Mon, 03/02/2020 - 06:32
Britain said on Monday that the price its state funded National Health Service (NHS) pays for drugs would not be on the table in trade talks with the United States.
Categories: Reuters

Factbox: What Britain wants from a trade deal with the United States

Reuters Business News - Mon, 03/02/2020 - 06:31
Britain outlined its negotiating mandate for talks with the United States on Monday, with the hope of reducing tariffs while shielding the public health service and protecting food and animal welfare standards.
Categories: Reuters
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