Reuters Business News

Subscribe to Reuters Business News feed 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: 2 hours 44 min ago

Stocks rise on cautious Brexit deal hopes, oil extends losses

13 hours 29 min ago
Asian stocks and Wall Street futures inched higher on Tuesday as some investors held out hope that Britain still had a chance to avoid a messy exit from the European Union at key negotiations this week.
Categories: Financial Media

Oil prices extend losses as weak China data compounds U.S.-China trade deal doubts

14 hours 33 min ago
Oil prices dropped again on Tuesday after falling heavily in the previous session, as weak Chinese economic data for September added to lingering concerns about the feasibility of the U.S.-China trade deal announced by President Trump late last week.
Categories: Financial Media

Stocks make cautious gains ahead of key Brexit summit

15 hours 10 min ago
Asian stocks and Wall Street futures inched higher on Tuesday as some investors held out hope that Britain still had a chance to avoid a messy exit from the European Union at key negotiations this week.
Categories: Financial Media

Barneys nears bankruptcy deal with Authentic Brands, Saks owner: sources

15 hours 13 min ago
U.S. luxury department-store chain Barneys New York Inc is nearing a roughly $270 million deal with brand developer Authentic Brands Group that could lead to Barneys shops opening in Saks Fifth Avenue stores, people familiar with the matter said on Monday.
Categories: Financial Media

UAW calls Thursday meeting to update union leaders on GM strike talks: sources

17 hours 13 min ago
The union representing the 48,000 workers who have been striking General Motors Co for about a month have scheduled a meeting on Thursday to update the leaders of the various union locals from around the country on the status of the talks, several people familiar with the plans said on Monday.
Categories: Financial Media

Exclusive: No choice but to invest in oil, Shell CEO says

17 hours 24 min ago
Royal Dutch Shell still sees abundant opportunity to make money from oil and gas in coming decades even as investors and governments increase pressure on energy companies over climate change, its chief executive said.
Categories: Financial Media

Southwest pilots say 737 MAX return may be delayed beyond Boeing's fourth quarter goal

Mon, 10/14/2019 - 23:42
Southwest Airlines pilots predicted on Monday that the grounded Boeing 737 MAX airplane will return to the skies around February, weeks later than Boeing and airlines have projected.
Categories: Financial Media

House panel 'strongly' urges Uber, Lyft to take part in hearing

Mon, 10/14/2019 - 23:39
Uber Technologies Inc and Lyft have declined to appear at a hearing on Wednesday on ride-hailing industry issues, the chairman of the U.S. House of Representatives panel said, urging them to reconsider.
Categories: Financial Media

SoftBank's Claure announces investment in Mexican startup Kavak

Mon, 10/14/2019 - 23:13
Japan's SoftBank will invest in Mexican used car platform Kavak, the group's chief operating officer Marcelo Claure said on Monday, adding to SoftBank's growing portfolio in Latin America.
Categories: Financial Media

Facebook's Libra announces board as support shrinks further

Mon, 10/14/2019 - 23:02
Backers of Facebook Inc's Libra cryptocurrency project pledged to forge ahead after selecting a five-member board on Monday, shrugging off the latest member defection by online travel company Booking Holding earlier in the day.
Categories: Financial Media

In new headache, WeWork says it found cancer-causing chemical in its phone booths

Mon, 10/14/2019 - 22:38
Cash-strapped WeWork, the office-sharing company that is trying to negotiate a financial lifeline, has a new problem that may prove costly. It has closed about 2,300 phone booths at some of its 223 sites in the United States and Canada after it says it discovered elevated levels of formaldehyde.
Categories: Financial Media

Stocks pause on unsettled trade deal; earnings eyed

Mon, 10/14/2019 - 22:30
Wall Street edged lower on Monday as uncertainties following recent U.S.-China trade negotiations clouded sentiment and investors turned their focus on the third-quarter earnings season, which begins in earnest on Tuesday.
Categories: Financial Media

Industrial earnings take center stage in third quarter with trade, economy in focus

Mon, 10/14/2019 - 21:58
Profit reports from big manufacturers and other industrial firms arriving this week will provide investors with a crucial corporate gauge of the U.S. economy's health and the fallout from trade tensions between Washington and Beijing.
Categories: Financial Media

Oil falls more than 2% on U.S.-China trade deal doubts, stronger dollar

Mon, 10/14/2019 - 21:31
Oil prices lost about 2% on Monday on worries that global crude demand could stay under pressure as few details about the first phase of a U.S.-China trade deal did little to assure a quick resolution to the tariff fight.
Categories: Financial Media

Oilfield services firm ProPetro cuts almost 150 workers: sources

Mon, 10/14/2019 - 21:05
ProPetro Holding Corp this month cut about 150 workers, people familiar with the matter said on Monday, the latest sign of growing trouble in the oilfield services sector as U.S. shale producers reduce drilling.
Categories: Financial Media

Harley-Davidson halts electric motorcycle production

Mon, 10/14/2019 - 20:37
Harley-Davidson Inc said on Monday it has stopped production and deliveries of its first electric motorcycle after discovering a glitch in the final quality checks.
Categories: Financial Media

Oil falls more than 2% on doubts around phase one of U.S.-China trade deal

Mon, 10/14/2019 - 19:43
Oil prices slumped more than 2% on Monday on worries that global crude demand could stay under pressure as a lack of details about the first phase of a U.S.-China trade deal dimmed hopes for a quick resolution to the tariff fight.
Categories: Financial Media

Wall Street takes a breather after trade talks, eyes on earnings

Mon, 10/14/2019 - 19:35
Wall Street struggled for direction on Monday as inconclusive U.S.-China trade negotiations dampened sentiment and investors turned toward third-quarter earnings season, which begins in earnest on Tuesday.
Categories: Financial Media

Facebook's Libra support shrinks further as Priceline owner jumps ship

Mon, 10/14/2019 - 19:17
Facebook Inc's Libra cryptocurrency faced a pivotal meeting of backers on Monday, after the ambitious project to bring digital coins into mainstream commerce suffered another defection, from online travel company Booking Holding.
Categories: Financial Media

Exclusive: Deutsche Bank took years to flag suspect Danske money flows - source

Mon, 10/14/2019 - 18:53
Deutsche Bank did not disclose more than one million suspect money transfers with Danske Bank until February, a person with direct knowledge of the matter said, about five years after a whistleblower flagged suspicious transactions at Danske.
Categories: Financial Media

Pages