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: 1 hour 13 min ago

Alibaba's Hong Kong listing offers valuable Beijing goodwill

1 hour 55 min ago
Alibaba's Hong Kong listing will not only land it $13.4 billion, it will also garner goodwill from Beijing to help the Chinese e-commerce giant weather the fallout of a damaging trade war.
Categories: Financial Media

Ford to start taking reservations for electric SUV next week

2 hours 1 min ago
Ford Motor Co will start taking reservations for its electric sport utility vehicle, Mustang Mach-E, starting Nov. 17, when the U.S. automaker unveils the vehicle at an event in Los Angeles, the company said on Thursday.
Categories: Financial Media

WPP says acquisitions back on agenda after Kantar sale

2 hours 3 min ago
Advertising group WPP will consider making acquisitions to bolster its capabilities in faster growing segments such as technology and commerce after selling a majority stake in its research arm Kantar, Chief Executive Mark Read said on Thursday.
Categories: Financial Media

Singapore fines UBS $8 million over deceptive bond trades

2 hours 42 min ago
Singapore said on Thursday it had fined UBS S$11.2 million ($8 million) after investigations showed the Swiss bank deceived wealthy clients over prices for bonds and structured products.
Categories: Financial Media

Qatar Airways signs $4 billion CFM engine order

2 hours 47 min ago
Qatar Airways has placed a $4 billion jet engine order with CFM International to power its 50 Airbus A321neos.
Categories: Financial Media

Danish prosecutor charges Danske Bank for overcharging customers

2 hours 51 min ago
Danske Bank said on Thursday it has been preliminary charged by the Danish prosecutor for overcharging customers for an investment product.
Categories: Financial Media

SoftBank's Yahoo Japan in merger talks with Line, shares jump

3 hours 40 min ago
SoftBank's Yahoo Japan is in talks to merge with messaging app operator Line Corp to create a $27 billion tech giant and help the Japanese conglomerate expand e-commerce and payments services.
Categories: Financial Media

Alibaba to pioneer paperless listing in break with Hong Kong norm

3 hours 42 min ago
Alibaba's planned $13.4 billion share sale will be Hong Kong's first paperless stock market listing, a source with knowledge of the matter said, breaking with a long-held tradition of investors placing stock orders in bank branches.
Categories: Financial Media

Oil gains on U.S. crude stocks fall, OPEC comments on slower U.S. shale growth

3 hours 43 min ago
Oil rose on Thursday after industry data showed a surprise drop in U.S. crude inventories, while comments from an OPEC official about lower-than-expected U.S. shale production growth in 2020 also provided some support.
Categories: Financial Media

Daimler seeks 1 billion euros in savings at Mercedes-Benz by cutting jobs

3 hours 54 min ago
Tougher emissions rules will hit Daimler's profits in 2020 and 2021, prompting the German carmaker to seek more than 1 billion euros ($1.1 billion) in savings from cutting staff costs at its Mercedes-Benz business by the end of 2022, it said on Thursday.
Categories: Financial Media

Stocks dip as China slowdown deepens, German economy weak

4 hours 23 min ago
World stocks nudged down on Thursday as Chinese economic data slowed in October and Germany only narrowly avoided a recession in the third quarter, adding to worries about the global growth fallout from the U.S.-China trade war.
Categories: Financial Media

Boeing drops automation system used to build 777 jets

4 hours 26 min ago
Boeing Co has abandoned a key automation system used to make fuselage sections for its 777 jetliners amid reports of reliability issues, and will instead partially switch back to mechanics, the planemaker said on Thursday.
Categories: Financial Media

China says holding 'in-depth' talks with U.S. on interim trade deal

4 hours 48 min ago
China and the United States are holding "in-depth" discussions on a first phase trade agreement, and cancelling tariffs is an important condition to reaching a deal, the Chinese commerce ministry said on Thursday.
Categories: Financial Media

Alibaba goes paperless for $13.4 billion listing in a first for Hong Kong: source

4 hours 53 min ago
Alibaba Group will carry out Hong Kong’s first paper-less stock market listing with its $13.4 billion share sale, according to a source with knowledge of the matter, ending the long-held tradition of Hong Kong investors queuing in bank branches to place stock orders.
Categories: Financial Media

In swaps we trust? Disappearing dollars drive currency trading dependence

4 hours 55 min ago
As dollars dry up, global finance is growing increasingly dependent on opaque currency trading to keep cash flowing.
Categories: Financial Media

Factbox: Dollar domination - why global markets depend on the U.S. currency

4 hours 55 min ago
From the dominant reserve currency for central banks to the main conduit for global trade and borrowing, U.S. dollars are the lifeblood for banks and markets around the world.
Categories: Financial Media

Factbox: FX swaps step from market obscurity to global stage

4 hours 58 min ago
Foreign exchange swap volumes have risen in the past three years to account for nearly half of the entire FX market, Bank for International Settlements (BIS) data shows.
Categories: Financial Media

Oil gains on U.S. crude stocks fall, OPEC comments on slower U.S. shale growth

5 hours 8 min ago
Oil rose on Thursday after industry data showed a surprise drop in U.S. crude inventories, while comments from an OPEC official about lower-than-expected U.S. shale production growth in 2020 also provided some support.
Categories: Financial Media

Mercedes-Benz Cars to slash 1 billion euros in costs by 2022

5 hours 11 min ago
Daimler shares fell sharply on Thursday after the German carmaker said tougher emissions rules will hit earnings in 2020 and 2021 forcing it to seek more than 1 billion euros in personnel cuts at Mercedes-Benz Cars by end of 2022.
Categories: Financial Media

Calm, considered, Henry to steer BHP through choppy times

6 hours 19 min ago
Calm and considered, incoming BHP Group Ltd chief executive Mike Henry is seen as a safe pair of hands to steer the world's largest mining company through what he says are uncertain times.
Categories: Financial Media

Pages