Reuters Business News

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Updated: 1 hour 52 min ago

Morgan Stanley profit misses as bond traders stumble in volatile markets

6 hours 33 min ago
Morgan Stanley missed analysts' estimates for quarterly profit on Thursday after spikes in volatility in the end of the fourth quarter hurt trading, sending its shares down 5 percent.
Categories: Financial Media

Renault says it is considering new governance, CEO Ghosn succession

7 hours 16 min ago
Renault confirmed on Thursday that it was considering new leadership to replace embattled Chairman and CEO Carlos Ghosn, after French Finance Minister Bruno Le Maire called publicly for a board meeting to address his succession.
Categories: Financial Media

PG&E shareholder BlueMountain says bankruptcy unnecessary

7 hours 31 min ago
PG&E Corp shareholder BlueMountain Capital Management LLC on Thursday said the U.S. power company's decision to file for bankruptcy was unnecessary, arguing that there was evidence the company was solvent.
Categories: Financial Media

Musk tweets Tesla to end customer referral plan because of costs

7 hours 44 min ago
Tesla Inc's customer referral incentive plan will end on Feb. 1, the electric carmaker's Chief Executive Officer Elon Musk tweeted on Thursday, citing costs.
Categories: Financial Media

Trading operations stung banks in fourth quarter but dovish Fed fuels hope

8 hours 8 min ago
Big trading operations were a thorn in the side of the top U.S. banks in the fourth quarter as fears about global growth sent credit markets into a tailspin, but a "dovish" turn from the Federal Reserve may mean the drama is over for now.
Categories: Financial Media

Hitachi freezes UK nuclear project as Brexit crisis deepens

8 hours 21 min ago
Japan's Hitachi Ltd decided on Thursday to freeze a 3 trillion yen ($28 billion) nuclear power project in Wales as Britain scrabbles for a way to exit the European Union, dealing a blow to UK plans for the replacement of aging plants.
Categories: Financial Media

Gloomy forecast for Davos: crises aplenty, but few world leaders

8 hours 21 min ago
An array of crises will keep several world leaders away from the annual World Economic Forum in Davos next week, which takes place against a backdrop of deepening gloom over the global economic and political outlook.
Categories: Financial Media

UK committed to nuclear power after Hitachi decision: PM May's spokesman

8 hours 22 min ago
Britain is committed to the nuclear power sector, Prime Minister Theresa May's spokesman said on Thursday, after Japan's Hitachi Ltd froze a 3 trillion yen ($28 billion) nuclear power project in Wales.
Categories: Financial Media

Renault executives, French government officials to meet Nissan CEO: Nikkei

8 hours 56 min ago
Renault executives and French government officials were planning to meet Nissan CEO Hiroto Saikawa in Japan on Thursday, Japanese media said, as the automakers consider their partnership in the wake of alliance Chairman Carlos Ghosn's arrest.
Categories: Financial Media

Shutdown is starting to hurt Trump's financial deregulation agenda

9 hours 20 sec ago
The U.S. government shutdown over President Donald Trump's call for Congress to fund a wall he promised to build on the U.S.- Mexican border is threatening another campaign pledge to make rules easier to navigate for banks and corporations.
Categories: Financial Media

Factbox: Some rule changes now on go-slow due to U.S. shutdown

9 hours 3 min ago
The ongoing federal government shutdown is impeding efforts to advance several rule changes that aim to make life easier for financial institutions.
Categories: Financial Media

Stocks turn red, pound finds some peace

9 hours 59 min ago
Concern over China's economic outlook and possible U.S. tariffs on European cars dragged stocks lower on Thursday, while an anti-climactic end to the latest chapter in the Brexit saga offered sterling a moment's peace.
Categories: Financial Media

Siemens rules out further concessions to get Alstom deal approval: sources

10 hours 7 min ago
Siemens will not make further concessions to save a rail merger deal with France's Alstom even after European competition authorities demanded further concessions, sources familiar with the matter said.
Categories: Financial Media

Hitachi freezes British nuclear project, books $2.8 billion hit

10 hours 59 min ago
Japan's Hitachi Ltd said on Thursday it has decided to freeze a 3 trillion yen ($28 billion) British nuclear power project and will consequently book a writedown of 300 billion yen ($2.75 billion) on its British nuclear unit.
Categories: Financial Media

U.S. legislation steps up pressure on Huawei and ZTE, China calls it 'hysteria'

11 hours 1 min ago
A bipartisan group of U.S. lawmakers introduced bills on Wednesday that would ban the sale of U.S. chips or other components to Huawei Technologies Co Ltd [HWT.UL], ZTE Corp or other Chinese telecommunications companies that violate U.S. sanctions or export control laws.
Categories: Financial Media

China calls proposed U.S. legislation against Huawei, ZTE 'hysteria'

12 hours 40 min ago
China's Foreign Ministry said on Thursday that proposed U.S. legislation targeting Huawei, ZTE and other Chinese telecommunications equipment companies was due to "hysteria", and urged U.S. lawmakers to stop the bills.
Categories: Financial Media

Trump tariffs force tough choices at U.S. auto suppliers

14 hours 7 min ago
Bob Roth makes no bones about his feelings towards U.S. manufacturing.
Categories: Financial Media

China's growth set to slow to 6.3 percent in 2019, more stimulus seen: Reuters poll

14 hours 39 min ago
China's economy is expected to cool further this year as domestic demand weakens and exports are hit by U.S. tariffs, a Reuters poll showed on Thursday, reinforcing views Beijing will need to roll out more stimulus measures.
Categories: Financial Media

Stock markets mixed in Asia, pound finds some peace

14 hours 53 min ago
Asian stocks nudged higher on Thursday after see-sawing through a subdued session on concerns over China's economic outlook, while an anti-climactic end to the latest chapter in the Brexit saga offered sterling a moment's peace.
Categories: Financial Media

Apple, Amazon called out for 'incorrect' Taiwan, Hong Kong references

14 hours 55 min ago
One of China's top government-linked think tanks has called out Apple Inc, Inc and other foreign companies for not referring to Hong Kong and Taiwan as part of China in a report that provoked a stern reaction from Taipei.
Categories: Financial Media