Reuters Business News

Subscribe to Reuters Business News feed Reuters Business News 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: 37 min 32 sec ago

Oil prices surge 15% after attack on Saudi facilities hits global supply

22 hours 28 min ago
Oil prices surged more than 15% to their highest level in nearly four months at the open on Sunday after an attack on Saudi Arabia's oil facilities on Saturday that knocked out more than 5% of global oil supply.
Categories: Financial Media

Oil surges, stock futures slip after attack on Saudi facility

22 hours 31 min ago
Oil prices surged to six-month highs on Monday while Wall Street futures turned lower and safe haven bets returned after weekend attacks on Saudi Arabia's crude facilities knocked out more than 5% of global oil supply.
Categories: Financial Media

Trump urges GM, UAW to resolve contract dispute

22 hours 58 min ago
U.S. President Donald Trump said Sunday that General Motors Co and the United Auto Workers union should "get together and make a deal." Trump tweeted about five hours before the union is set launch its first nationwide strike at GM in 12 years.
Categories: Financial Media

Explainer: Attack on Saudi leaves world without spare oil capacity

23 hours 3 min ago
The strike on the heartland of Saudi Arabia's oil industry, including damage to the world's biggest petroleum-processing facility, has driven oil prices to their highest level in nearly four months.
Categories: Financial Media

U.S. stock futures fall after Saudi oil attacks

Sun, 09/15/2019 - 23:58
U.S. stock futures fell 0.3% percent when trading resumed on Sunday, a day after attacks on Saudi oil facilities that risk disrupting global energy supplies. 
Categories: Financial Media

U.S. shale seen unlikely to quickly replace barrels lost in attack on Saudi facilities

Sun, 09/15/2019 - 22:57
U.S. shale producers have added millions of barrels to global crude supply in recent years, but that does not mean they can quickly replace barrels lost from weekend attacks on Saudi Aramco facilities, energy experts said on Sunday.
Categories: Financial Media

S&P Global Platts sees Saudi oil strikes driving up risk premium in crude market

Sun, 09/15/2019 - 21:10
Attacks on Saudi oil plants have boosted concerns about supply security in the Middle East and should raise the risk premium in the global crude market, shifting focus from a gloomy economic backdrop, S&P Global Platts said on Sunday.
Categories: Financial Media

Saudi oil exports to run as normal from stocks this week: source

Sun, 09/15/2019 - 18:15
Saudi Arabia's oil exports will continue as normal this week as the kingdom taps into stocks from its large storage facilities, an industry source briefed on the developments told Reuters on Sunday.
Categories: Financial Media

Axel Springer plans layoffs after KKR becomes biggest shareholder: report

Sun, 09/15/2019 - 17:57
Axel Springer is planning layoffs as part of a cost-cutting program that would mainly affect its newspapers, the German media group's chief executive told the Sueddeutsche Zeitung in an interview released on Sunday.
Categories: Financial Media

As talks falter, UAW calls first national strike against GM since 2007

Sun, 09/15/2019 - 17:56
The United Auto Workers (UAW) said on Sunday that its roughly 48,000 hourly workers at General Motors Co facilities would go on strike as of midnight Sunday after U.S. labor contract talks reached an impasse, the first nationwide strike at GM in 12 years.
Categories: Financial Media

Germany's car watchdog sets Audi ultimatum to remove illegal diesel software: report

Sun, 09/15/2019 - 17:28
Germany's motor vehicle authority (KBA) has told Volkswagen's premium brand Audi that it faces penalties for its failure to remove illegal software from diesel cars that can manipulate emissions levels, the Bild am Sonntag (BamS) newspaper reported.
Categories: Financial Media

Benetton holding says dismayed by road probe, hints at action

Sun, 09/15/2019 - 17:05
Edizione, the Benetton family holding company which has a controlling stake in Italian infrastructure group Atlantia , said at the weekend it was dismayed by revelations of alleged safety violations in its road operations.
Categories: Financial Media

After GM talks hit impasse, UAW workers to strike as of Sunday night

Sun, 09/15/2019 - 16:18
The United Auto Workers (UAW) said on Sunday that its roughly 48,000 hourly workers at General Motors Co facilities would go on strike as of midnight Sunday after labor contract talks reached an impasse over wide-ranging issues from wages to health care benefits and temporary workers.
Categories: Financial Media

UAW to strike against GM starting Sunday evening

Sun, 09/15/2019 - 16:07
The United Auto Workers (UAW) said that its members will go on strike against General Motors Co as of Sunday evening, after a lack of progress in contract talks on key issues from wages to health care benefits, temporary employees, job security and profit sharing.
Categories: Financial Media

After LSE's sharp rebuff, HKEX begins investor charm offensive

Sun, 09/15/2019 - 15:43
Hong Kong Exchanges and Clearing is embarking on a three-week charm offensive with London Stock Exchange investors as the Asian trading house tries to salvage its proposed $39 billion takeover offer.
Categories: Financial Media

Fed trades 'remarkably positive' for 'no precedents' after volatile year

Sun, 09/15/2019 - 14:05
A year ago, U.S. Federal Reserve Chair Jerome Powell held a "remarkably positive outlook" for an economy enjoying a "historically rare" combination of good news including low unemployment, steady inflation and strong growth that were all expected to continue.
Categories: Financial Media

Saudi, Gulf stocks fall after attacks on Aramco oil plants

Sun, 09/15/2019 - 13:00
Saudi stocks fell sharply on Sunday, after attacks on two plants at the heart of the kingdom's oil industry a day earlier knocked out more than half of Saudi crude output.
Categories: Financial Media

Analyst View: Saudi attacks raise specter of oil at $100/barrel

Sun, 09/15/2019 - 13:00
The oil market will rally by $5-10 per barrel when it opens on Monday and may spike to as high as $100 per barrel if Saudi Arabia fails to quickly resume oil supply lost after attacks over the weekend, traders and analysts said.
Categories: Financial Media

WeWork IPO spells rough landing for CEO Neumann

Sun, 09/15/2019 - 11:15
Adam Neumann showed he can capitalize on troubled times a decade ago, tapping into demand for workspace by those forced out of jobs in the aftermath of the financial crisis to grow WeWork into a global brand commanding a $47 billion valuation.
Categories: Financial Media

UAE regulator not optimistic on Boeing 737 MAX return this year

Sun, 09/15/2019 - 09:41
The head of the United Arab Emirates' General Civil Aviation Authority said on Sunday he was not optimistic that the Boeing 737 MAX would return to operations this year and that the first quarter of 2020 was more likely.
Categories: Financial Media