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- Reurers-Business 04:13February 19, 2019U.S. oil prices hit three-month high amid OPEC-led output cutsU.S. oil prices hit a three-month high on Tuesday, buoyed by production cuts led by the Organization of the Petroleum Exporting Countries.
< businessNews > - Reurers-Business 03:46February 19, 2019Asian shares hover near four-month high, buoyed by trade optimismAsian shares hovered near a four-month peak on Tuesday, supported by hopes that Sino-U.S. trade talks were making positive progress and expectations of policy stimulus from central banks.
< businessNews > - Reurers-Business 03:26February 19, 2019U.S. FAA investigates Southwest over baggage weight discrepancies: WSJThe U.S. Federal Aviation Administration is investigating Southwest Airlines Co for widespread failure to accurately track the combined weight of checked bags loaded onto its jets, the Wall Street Journal reported on Monday.
< businessNews > - Reurers-Business 02:31February 19, 2019Huawei founder says Huawei CFO arrest was politically motivated: BBCHuawei founder Ren Zhengfei said on Monday that the arrest of his daughter, Huawei Chief Financial Officer Meng Wanzhou, was politically motivated.
< businessNews > - Reurers-Business 01:49February 19, 2019Huawei founder says Huawei CFO arrest was politically motivated: BBCHuawei founder Ren Zhengfei told the BBC on Monday that the arrest of his daughter, Huawei Chief Financial Officer Meng Wanzhou, was politically motivated.
< businessNews > - Reurers-Business 22:44February 18, 2019Auto industry lines up against possible U.S. tariffsThe U.S. auto industry urged President Donald Trump's administration on Monday not to saddle imported cars and auto parts with steep tariffs, after the U.S. Commerce Department sent a confidential report to the White House late on Sunday with its recommendations for how to proceed.
< businessNews > - Reurers-Business 22:09February 18, 2019U.S. tariffs on EU cars could mean EU buying less U.S. soya beans and gas: JunckerUnited States tariffs on imports of European cars could mean that Europe would buy less soya beans and liquid gas from the U.S., the head of the European Commission Jean-Claude Juncker said on Monday.
< businessNews > - Reurers-Business 21:13February 18, 2019Papa John's founder Schnatter says he welcomes hedge fund StarboardPapa John's International Inc founder John Schnatter welcomes hedge fund Starboard Value LP's investment in the pizza restaurant chain, his lawyer said, even as he filed an updated lawsuit on Monday against the company.
< businessNews > - Reurers-Business 21:03February 18, 2019FAA investigates Southwest over baggage weight discrepancies: WSJThe U.S. Federal Aviation Administration is investigating Southwest Airlines Co for widespread failure to accurately track the combined weight of checked bags loaded onto its jets, according to a Wall Street Journal report on Monday.
< businessNews > - Reurers-Business 20:28February 18, 2019EU's Juncker expects Trump to refrain from imposing higher tariffs on carsU.S. President Donald Trump has promised European Commission President Jean-Claude Juncker that he will not impose additional import tariffs on European cars for the time being, Juncker was quoted in a published interview as saying on Monday.
< businessNews > - Reurers-Business 19:57February 18, 2019Honda to close UK car plant with the loss of 3,500 jobsJapanese carmaker Honda is set to announce the closure of its only British car plant in 2022 with the loss of 3,500 jobs, a lawmaker told Reuters, in the latest blow to the UK car industry as Brexit approaches.
< businessNews > - Reurers-Business 19:57February 18, 2019Honda plan to close UK plant is not due to Brexit: lawmakerJapan's Honda plans to shut its British car plant in Swindon by 2022 with the loss of 3,500 jobs but the decision is not related to Brexit, a local lawmaker told Reuters on Monday.
< businessNews > - Reurers-Business 19:48February 18, 2019Citi expects privatization to bolster revenue in BrazilCitigroup Inc expects to boost annual revenue in Brazil over the next years by advising potential public asset sales and through a revival in capital markets, its chief executive officer in Brazil told journalists on Monday.
< businessNews > - Reurers-Business 19:20February 18, 2019Russia's Rusal is in talks to resume reinsurance with Western companiesRussia's Rusal, the world's second-largest aluminum producer, is in talks to resume reinsuring its risks with Western companies after Washington lifted sanctions on it, officials with Russian National Reinsurance Co (RNRC) said.
< businessNews, RNRC > - Reurers-Business 18:50February 18, 2019Citi to double Brazil commercial bank unit's assets by 2020Citigroup Inc plans to double its Brazilian commercial banking unit's assets by 2020, thanks to growth in loans to mid-sized companies, department head Antonio Rubens told journalists on Monday.
< businessNews > - Reurers-Business 18:43February 18, 2019Russia's Rusal in talks to resume reinsurance with Western companiesRussia's Rusal, the world's second-largest aluminum producer, is in talks to resume reinsuring its risks with Western companies after the United States lifted sanctions on the group, officials with Russian National Reinsurance Co (RNRC) said.
< businessNews, RNRC > - Reurers-Business 16:52February 18, 2019Germany bans Wirecard 'shorting' as prosecutors probe FT journalistGermany's financial watchdog has banned "short" selling of Wirecard shares due to volatility in the payments firm's stock following reports in the Financial Times which are now the subject of an investigation by German authorities.
< businessNews > - Reurers-Business 15:31February 18, 2019Britain does not support total Huawei network ban: sourcesBritish security officials do not support a full ban of Huawei from national telecoms networks despite U.S. allegations the Chinese firm and its products could be used by Beijing for spying, people with knowledge of the matter said.
< businessNews > - Reurers-Business 15:29February 18, 2019Germany's Bafin bans Wirecard 'short' positions over volatilityGermany's financial watchdog has banned "short" selling of Wirecard shares after reports in the Financial Times sparked recent volatility in the payments firm's stock.
< businessNews > - Reurers-Business 15:28February 18, 2019Britain's FT says allegations over Wirecard reporting are falseBritain's Financial Times rejected as "baseless and false" any allegations accusing the newspaper or its reporters of market manipulation or unethical reporting in relation to German payments company Wirecard.
< businessNews > - Reurers-Business 12:52February 18, 2019World stocks lifted to 2-1/2 month highs by trade optimismHopes of progress in Sino-U.S. trade talks and expectations of policy stimulus from central banks lifted world stocks to 2-1/2 month highs on Monday, though European gains were dampened by concerns over the car sector's outlook.
< businessNews > - Reurers-Business 12:29February 18, 2019Citi in talks to buy Canary Wharf office building: sourceCitigroup is in talks to buy the tower housing its European headquarters in London's Canary Wharf district, which is on the market with a price tag of around 1.2 billion pounds ($1.55 billion), a source familiar with the matter said.
< businessNews > - Reurers-Business 10:26February 18, 2019SoftBank invests in Mubadala's new $400 million European tech fund: sourceJapan's SoftBank Group has provided nearly half of the cash for Abu Dhabi's state investor Mubadala Investment Co's new $400 million fund investing in European start-ups, a source familiar with the matter said.
< businessNews > - Reurers-Business 10:22February 18, 2019New Zealand will conduct own assessment of Huawei equipment risk: PMNew Zealand will independently assess the risk of using China's Huawei Technologies in 5G networks, Prime Minister Jacinda Ardern said on Monday after a report suggested that British precautions could be used by other nations.
< businessNews > - Reurers-Business 08:11February 18, 2019Asia shares bounce on trade talk, stimulus wagersAsian share markets bounced broadly on Monday as investors dared to hope for both progress at Sino-U.S. trade talks in Washington this week and more policy stimulus from major central banks.
< businessNews > - Reurers-Business 08:04February 18, 2019SoftBank invests in Mubadala's new $400 million European tech fund: FTJapan's SoftBank Group has provided nearly half the cash for the new $400 million fund by Abu Dhabi's state-owned Mubadala Investment Co that aims to back European start-ups, the Financial Times reported on Monday.
< businessNews > - Reurers-Business 07:43February 18, 2019New Zealand to target online giants with digital taxNew Zealand said on Monday that it plans to update its laws so it can tax revenue earned by multinational digital firms such as Google, Facebook and Amazon, extending a global effort to bring global tech giants into the tax net.
< businessNews > - Reurers-Business 06:29February 18, 2019U.S. agency submits auto tariff probe report to White HouseThe U.S. Commerce Department sent a report on Sunday to U.S. President Donald Trump that could unleash steep tariffs on imported cars and auto parts, provoking a sharp backlash from the industry even before it is unveiled, the agency confirmed.
< businessNews > - Reurers-Business 06:14February 18, 2019U.S. agency submits auto tariff report probe to White HouseThe U.S. Commerce Department sent a report to U.S. President Donald Trump on Sunday that could unleash steep tariffs on imported cars and auto parts, provoking a sharp backlash from the industry even before its contents are revealed.
< businessNews > - Reurers-Business 05:17February 18, 2019Asia bulls dare to hope on trade talks, stimulusAsian share markets bounced broadly on Monday as investors dared to hope for both progress at Sino-U.S. trade talks in Washington this week and more policy stimulus from major central banks.
< businessNews > - Reurers-Business 03:27February 18, 2019Asia shares up on optimism over trade talks, stimulusAsian share markets firmed on Monday as investors dared to hope for both progress at Sino-U.S. trade talks in Washington this week and more policy stimulus from major central banks.
< businessNews > - Reurers-Business 01:19February 18, 2019Famed Cullinan mine banks on big diamonds to drive down debtThe owner of one of the world's most famous diamond mines could be about a decade away from clearing its multi-million-dollar debts, in a sign of the struggles facing an industry assailed by synthetic rivals and uncertain demand.
< businessNews > - Reurers-Business 23:41February 17, 2019Alabama jury awards $152 million in Ford Explorer rollover caseAn Alabama jury awarded $151.8 million to a young man paralyzed in 2015 rollover accident involving a Ford Explorer sport utility vehicle, Ford and lawyers in the case said on Sunday.
< businessNews > - Reurers-Business 16:59February 17, 2019Qatar aims to build $20 billion sports sector ahead of World CupQatar wants to attract more sports companies to the Gulf state, aiming to develop a $20 billion sports sector ahead of the 2022 World Cup, a senior official said on Sunday.
< businessNews > - Reurers-Business 14:49February 17, 2019Russia's Gazprombank freezes accounts of Venezuela's PDVSA: sourceRussian lender Gazprombank has decided to freeze the accounts of Venezuelan state oil company PDVSA and halted transactions with the firm to reduce the risk of the bank falling under U.S. sanctions, a Gazprombank source told Reuters on Sunday.
< businessNews > - Reurers-Business 13:49February 17, 2019Airbus warns of no-deal Brexit, says has spent tens of millions preparingAirbus said on Sunday it would have to make "difficult decisions" about future investment if Britain crashes out of the European Union without a deal, adding it had already spent tens of millions of euros in preparations.
< businessNews > - Reurers-Business 06:14February 17, 2019Nissan panel to recommend outside director to chair board: NikkeiA Nissan Motor governance committee will recommend the appointment of an external director as board chairman, a role distinct from company chairman, in a move to decentralize power at the top level, the Nikkei business daily reported on Sunday.
< businessNews > - Reurers-Business 22:48February 16, 2019Canada's Freeland pushes end of steel, aluminum tariffs in meeting with PelosiCanadian Foreign Minister Chrystia Freeland said on Saturday she had made clear in a meeting with U.S. House of Representatives Speaker Nancy Pelosi at the Munich Security Conference the importance of the U.S. lifting tariffs on steel and aluminum imports from Canada.
< businessNews > - Reurers-Business 18:29February 16, 2019Russian court extends custody of Baring Vostok's Calvey until AprilA Russian court on Saturday ordered Michael Calvey, the U.S. founder of one of Russia's biggest private equity firms accused of fraud, to be kept in custody until April 13.
< businessNews > - Reurers-Business 16:09February 16, 2019Russian court orders Baring Vostok's Calvey to be kept in custody until April 13A Moscow court has ordered Baring Vostok's founder Michael Calvey to be kept in custody until April 13.
< businessNews > - Reurers-Business 15:32February 16, 2019Baring Vostok's Calvey tells Russian court he will cooperate with investigationMichael Calvey, the U.S. founder of one of Russia's biggest private equity firms, told a Russian court on Saturday he would cooperate with an investigation into alleged financial misconduct and comply with terms if put under house arrest.
< businessNews > - Reurers-Business 10:32February 16, 2019HNA cuts stake in Deutsche Bank to 6.3 percent: SEC filingChinese conglomerate HNA has cut its stake in Deutsche Bank to 6.3 percent, according to a filing with the U.S. Securities and Exchange Commission.
< businessNews > - Reurers-Business 06:43February 16, 2019China-U.S. trade talks 'making a final sprint': state mediaChinese state media on Saturday expressed cautious optimism over trade talks between the United States and China, a day after President Xi Jinping said a week of discussions had produced "step-by-step" progress.
< businessNews > - Reurers-Business 05:56February 16, 2019Automakers brace for U.S. government report on import tariffsA confidential Commerce Department report due to be sent to Donald Trump on Sunday is widely expected to clear the way for the U.S. president to threaten tariffs on imported autos and auto parts by designating the imports a national security threat, auto industry officials said on Friday.
< businessNews > - Reurers-Business 05:09February 16, 2019Starboard gauges Bristol-Myers shareholder support for Celgene dealActivist hedge fund Starboard Value LP has asked a proxy solicitor to probe the level of support among Bristol-Myers Squibb Co shareholders for the U.S. drug maker's $74 billion deal to buy Celgene Corp, people familiar with the matter said on Friday.
< businessNews > - Reurers-Business 03:33February 16, 2019Wall Street Week Ahead: Profit estimates may be adding in too much cost riskAs Wall Street braces for the first quarterly decline in earnings in nearly three years, some investors are wondering if the market is factoring in a bigger erosion in profit margins than will actually come to pass.
< businessNews > - Reurers-Business 02:33February 16, 2019Amazon invites Ocasio-Cortez for tour, calls worker claims untrueA senior Amazon.com Inc executive on Friday disputed claims raised by Representative Alexandria Ocasio-Cortez that Amazon workers face "dehumanizing conditions" as being untrue and invited her to take a tour of company facilities.
< businessNews > - Reurers-Business 02:14February 16, 2019Payless ShoeSource to start liquidation sales at storesU.S. discount retailer Payless ShoeSource Inc said on Friday it would begin going-out-of-business sales at its U.S. and Puerto Rico stores on Feb. 17 and wind down its e-commerce operations.
< businessNews > - Reurers-Business 02:07February 16, 2019Venezuela opposition to leave Citgo funds, management untouched: envoyVenezuela's opposition has no plans to use funds belonging to U.S. refiner Citgo, which is owned by state oil company PDVSA, despite having named a new board for the company this week, the self-declared interim government's U.S. envoy said on Friday.
< businessNews > - Reurers-Business 01:50February 16, 2019Mattel warns of weak 2019, shares drop most in 20 yearsMattel Inc on Friday issued a disappointing 2019 forecast and said demand for its iconic Barbie doll was slowing, triggering an 18 percent drop in its shares, their worst day in nearly two decades.
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