Business

Germany urges EU to speed trade deals after Trump, Brexit

By Tom Körkemeier BRUSSELS (Reuters) - Germany called on the European Union on Friday to speed deals to open trade with a dozen or more countries, mainly in Asia, and to boost support for free trade around the world in response to scepticism about it from new U....

Friday, January 27, 2017 - 9:00am

Apple strategy in 'smart home' race threatened by Amazon

By Stephen Nellis SAN FRANCISCO - In less than a year, Amazon's combination of the Echo speaker system and the Alexa voice-controlled digital assistant has come close to delivering on the elusive promise of easy-to-use technology that can control gadgets in the...

Friday, January 27, 2017 - 8:12am

AbbVie's revenue miss clouds strong Humira U.S. sales

By Natalie Grover and Akankshita Mukhopadhyay (Reuters) - AbbVie Inc <ABBV.N> reported quarterly adjusted revenue that missed analysts' estimates as weaker-than-expected sales of its hepatitis C treatment and cancer therapy overshadowed strong U.S. demand...

Friday, January 27, 2017 - 8:12am

Europe's antitrust chief says fences hurt economies, consumers

By Foo Yun Chee BRUSSELS (Reuters) - Building fences and barriers will hurt economies and drive up prices, Europe's antitrust chief said on Friday, days after U.S. President Donald Trump signed an executive order to erect a wall on the southern U.S. border with...

Friday, January 27, 2017 - 6:59am

Thyssenkrupp CEO says won't be pressured to rush change

By Georgina Prodhan BOCHUM, Germany (Reuters) - Thyssenkrupp's <TKAG.DE> chief executive asked shareholders on Friday for more time to turn around the diversified industrial group, saying it would not bow to external pressure to rush change and was...

Friday, January 27, 2017 - 6:03am

Aramco snub puts Malaysia's Petronas in tight spot over RAPID project

By Emily Chow and A. Ananthalakshmi KUALA LUMPUR (Reuters) - Saudi Aramco's decision to shelve a plan to partner with Malaysia's state oil company threatens the country's ambitious plans for an oil and gas processing hub, which it may struggle to...

Friday, January 27, 2017 - 5:57am

EU imposes definitive dumping duties on Chinese steel tube imports

BRUSSELS (Reuters) - The European Union has imposed definitive anti-dumping duties on Chinese and Taiwanese imports of stainless steel tubes and pipe butt-welding fittings to protect its industry from steel overcapacity. An investigation found Chinese and...

Friday, January 27, 2017 - 3:26am

PayPal outlook muted on mobile competition, currency trends

By Anna Irrera and Sruthi Shankar (Reuters) - PayPal Holdings Inc <PYPL.O> offered a subdued outlook on Thursday, as it faced unpredictable currency fluctuations and an increasingly competitive digital payments market. The payments processor...

Thursday, January 26, 2017 - 4:18pm

Alibaba's Ant Financial in overseas push with MoneyGram deal

By Sweta Singh, Richa Naidu and Anna Irrera (Reuters) - Ant Financial Services Group, the world's largest financial technology company, said on Thursday that it would acquire U.S. money-transfer company MoneyGram International Inc <MGI.O> for about $880...

Thursday, January 26, 2017 - 3:30pm

Freeport-McMoRan paid Congo's Gecamines $33 million to settle Tenke dispute

KINSHASA (Reuters) - Freeport-McMoRan Inc <FCX.N> paid $33 million to resolve claims brought against it by Congo state miner Gecamines over the sale of its majority stake in the Tenke copper mine to China Molybdenum Co Ltd (CMOC) <603993.SS>, it said in a statement...

Thursday, January 26, 2017 - 10:54am

German carmakers warn U.S. against launching trade curbs

BERLIN (Reuters) - German automakers warned on Wednesday the United States would suffer significant economic damage from imposing trade curbs, after President Donald Trump put renewed pressure on U.S. carmakers to build more vehicles at home. Trump, who took...

Wednesday, January 25, 2017 - 1:48pm

RBC woos three senior financials bankers from Deutsche Bank

By Lauren Hirsch and Olivia Oran (Reuters) - RBC Capital Markets has hired three senior Deutsche Bank AG <DBKGn.DE> bankers who focus on advising banks, according to an internal memo from the Canadian firm. Speculation for bank mergers has...

Wednesday, January 25, 2017 - 1:14pm

Russian retail slump clouds forecasts for economic recovery

MOSCOW (Reuters) - Russian retail sales fell more than expected in December, official data showed on Wednesday, challenging the government's optimistic predictions for an imminent economic recovery. Retail sales are the largest contributor to Russian gross...

Wednesday, January 25, 2017 - 10:51am

Mexico retail sales rise 1.0 percent in November from October

MEXICO CITY (Reuters) - Mexican retail sales rose 1.0 percent in November from October when adjusted for seasonal swings, the national statistics agency INEGI said on Wednesday. Sales increased 11.2 percent in November compared to the same month a year earlier...

Wednesday, January 25, 2017 - 9:13am

Metro US boosts monthly readership to 4 million in print and online

One million people a day picked up a copy of Metro newspaper in New York, Philadelphia and Boston last year, marking a significant rise in readership amid an otherwise declining market, according to the latest readership survey by Nielsen Scarborough. That represents a 16-percent jump compared to a...

Wednesday, January 25, 2017 - 5:00am

Goldman Sachs files $1 billion countersuit against Indonesian businessman

By Eveline Danubrata JAKARTA (Reuters) - Goldman Sachs filed a $1 billion counter lawsuit on Tuesday against an Indonesian businessman who is seeking damages from the U.S. bank for conducting what he called "unlawful" trades in the shares of a property firm...

Tuesday, January 24, 2017 - 1:03am

Italy's Generali buys three percent of Italian bank Intesa in defensive move

By Valentina Za MILAN (Reuters) - Assicurazioni Generali <GASI.MI> said on Monday it had bought voting rights equal to 3.01 percent of Intesa Sanpaolo's <ISP.MI> share capital, effectively blocking the lender from acquiring a large stake in Italy's...

Monday, January 23, 2017 - 2:12pm

U.S. bankers tell Europeans to think positively on Trump

By Carmel Crimmins and Pamela Barbaglia DAVOS, Switzerland (Reuters) - U.S. bankers, buoyed by a resurgence in profits, are advising their counterparts in Europe to think positively about the new administration of U.S. President-elect Donald Trump....

Friday, January 20, 2017 - 8:41am

Western Union admits to aiding wire fraud, to pay $586 million

By Joel Schectman and Diane Bartz WASHINGTON (Reuters) - Western Union Co <WU.N>, the world's biggest money-transfer company, agreed to pay $586 million and admitted to turning a blind eye as criminals used its service for money laundering and fraud, U.S....

Thursday, January 19, 2017 - 1:04pm

Brazil likely to lower inflation target for first time in more than a decade: Reuters Poll

By Silvio Cascione BRASILIA (Reuters) - Brazil will probably reduce its inflation target this year for the first time in more than a decade to avoid another bout of price rises as the economy recovers from a harsh recession, a Reuters poll of economists showed...

Thursday, January 19, 2017 - 11:34am