Home
 
Choose Your City
Change City

Reuters Business News

Dollar dumped, bonds boosted on Fed inflation caution

By Wayne Cole SYDNEY (Reuters) - Asian shares edged ahead on Thursday as speculation the Federal Reserve might not tighten U.S. policy as aggressively as first thought slugged the dollar and boosted bonds globally. MSCI's broadest index of Asia...

Wednesday, November 22, 2017 - 8:50pm

Saudi Arabia agrees to buy $7 billion in precision munitions from U.S. firms: sources

By Yara Bayoumy and Mike Stone (Reuters) - Saudi Arabia has agreed to buy about $7 billion worth of precision guided munitions from U.S. defense contractors, sources familiar with the matter said, a deal that some lawmakers may object to over American...

Wednesday, November 22, 2017 - 8:15pm

Wall St. flat ahead of holiday; ISPs rise on net neutrality bets

By Rodrigo Campos NEW YORK (Reuters) - U.S. stocks were little changed on Wednesday, with telecom services shares among the biggest movers while the energy sector rose in line with gains in crude oil. Verizon <VZ.N> and AT&T <T.N...

Wednesday, November 22, 2017 - 7:35pm

Peter Thiel may look to buy Gawker.com: BuzzFeed

(Reuters) - Venture capitalist Peter Thiel may be looking to buy online news site Gawker.com, BuzzFeed said on Wednesday. Thiel's lawyers have objected to the currently ongoing sale process of Gawker.com, saying that he has been prohibited unreasonably from...

Wednesday, November 22, 2017 - 7:30pm

Rockwell Automation rebuffs Emerson's latest $29 billion bid

By Greg Roumeliotis (Reuters) - Rockwell Automation Inc <ROK.N> rejected Emerson Electric Co's <EMR.N> sweetened $29 billion takeover offer on Wednesday, in its strongest rebuttal to date of the proposed combination of two of the world's largest...

Wednesday, November 22, 2017 - 6:35pm

Stocks scale fresh record high, crude oil gains

By Herbert Lash NEW YORK (Reuters) - A gauge of global equity performance scaled fresh record highs on Wednesday, propelled by bullish growth and company earnings outlooks, while crude oil rose to the highest prices in more than two years...

Wednesday, November 22, 2017 - 6:30pm

Broadcom considering sweetened Qualcomm bid: sources

By Greg Roumeliotis and Liana B. Baker (Reuters) - Chipmaker Broadcom Ltd is considering raising its offer to buy rival Qualcomm Inc by offering more of its own stock, following consultation with several of Qualcomm's top shareholders, according to people...

Wednesday, November 22, 2017 - 5:40pm

ITC to probe Caterpillar patent allegations against German firms

WASHINGTON (Reuters) - The U.S. International Trade Commission said on Wednesday it had launched an investigation into allegations that German manufacturers Wirtgen GmbH and Joseph Voegele AG infringe on patents held by Caterpillar Inc <CAT.N>. The ITC...

Wednesday, November 22, 2017 - 5:10pm

Fed policymakers say rate increase likely warranted soon: minutes

By Jason Lange and Howard Schneider WASHINGTON, Nov 22 (Reuters) - Many Federal Reserve policymakers expect that interest rates will have to be raised in the "near term," according to the minutes of the U.S. central bank's last policy meeting released on...

Wednesday, November 22, 2017 - 4:00pm

Exclusive: SAP investigating its sales practices in Gulf region

By Tom Arnold and Eric Auchard DUBAI/LONDON (Reuters) - German business software giant SAP <SAPG.DE>, which last month said its South African sales commissions were being probed by U.S. regulators, has launched an investigation into its business...

Wednesday, November 22, 2017 - 3:50pm

Uber breach, cover-up trigger government probes around the globe

By Jim Finkle and Heather Somerville TORONTO (Reuters) - Governments around the globe launched investigations into Uber Technologies Inc [UBER.UL] after the company disclosed it had covered up a breach that exposed data on millions of customers and drivers,...

Wednesday, November 22, 2017 - 3:40pm

Tech still hedge funds' sweetheart sector: Goldman Sachs

LONDON (Reuters) - Tech stocks remain the largest net sector exposure for equity hedge funds, which are set to deliver their strongest returns since 2013, Goldman Sachs said on Wednesday in a note on the industry's most and least favored areas of the market...

Wednesday, November 22, 2017 - 3:40pm

Regulators to press Uber after it admits covering up data breach

By Jim Finkle and Heather Somerville TORONTO/SAN FRANCISCO (Reuters) - Struggling ride-hailing firm Uber [UBER.UL] faces a fresh regulatory crackdown after disclosing it paid...

Wednesday, November 22, 2017 - 3:35pm

Peter Thiel sells most of remaining Facebook stake

(Reuters) - Facebook Inc's first major investor Peter Thiel has sold three-quarters of his remaining stake in the social network as part of a previously established trading plan, a regulatory filing showed. Thiel, who is a member of Facebook's board had...

Wednesday, November 22, 2017 - 3:35pm

Keystone clean-up to last several weeks, line restart unclear

By Catherine Ngai and Nia Williams NEW YORK/CALGARY (Reuters) - The clean-up of an oil spill from TransCanada Corp's Keystone pipeline may last several weeks, South Dakota's environmental regulator said on Wednesday, but it is still unclear when the key...

Wednesday, November 22, 2017 - 3:25pm

Deutsche Bank strategist tells investors to avoid bitcoin

FRANKFURT (Reuters) - Deutsche Bank <DBKGn.DE> has joined the ranks of those warning about the virtual currency bitcoin as an investment. "I would simply not recommend this to the everyday investor," Ulrich Stephan, chief strategist at Germany's...

Wednesday, November 22, 2017 - 2:36pm

UK's 15-billion-pound RBS sale to boost government coffers

By Lawrence White and Andrew MacAskill LONDON (Reuters) - Britain will reprivatise bailed-out lender Royal Bank of Scotland <RBS.L> by selling 15 billion pounds ($20 billion) of shares, according to budget documents released on Wednesday, in a boost to...

Wednesday, November 22, 2017 - 2:21pm

P&G continues to review vote tally as Peltz awaits board seat

By Sruthi Ramakrishnan (Reuters) - Procter & Gamble Co <PG.N> is still reviewing a tally of shareholder votes cast at its annual meeting more than a month ago, after a fierce proxy contest narrowly handed activist investor Nelson Peltz a board seat...

Wednesday, November 22, 2017 - 2:16pm

HPE CEO Whitman's surprise exit stumps Wall Street

By Supantha Mukherjee (Reuters) - Shares of Hewlett Packard Enterprise Co <HPE.N> fell 6 percent on Wednesday after Chief Executive Officer Meg Whitman's decision to step down from the role took Wall Street by surprise. Whitman, one the...

Wednesday, November 22, 2017 - 2:07pm

NAFTA talks hit wall as Mexico, Canada push back on U.S. demands

By Anthony Esposito and Adriana Barrera MEXICO CITY (Reuters) - The United States, Mexico and Canada failed to resolve any major differences in a fifth round of talks to rework the NAFTA trade deal, drawing a swift complaint from the Trump...

Wednesday, November 22, 2017 - 1:11pm