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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: 4 years 21 weeks ago
BA owner considers legal challenge to UK quarantine as relations fray
The owner of British Airways is considering a legal challenge to Britain's quarantine plan, as relations between airlines and the government are frayed by steps to curb the coronavirus pandemic.
Categories: Business News
Barclays poaches Citigroup's Chawla in latest insurance investment banker move
Gautam Chawla is joining Barclays from Citigroup Inc , a statement from the British lender said on Friday, continuing the recent spate of job changes among senior financiers covering the insurance industry.
Categories: Business News
WeWork Global to invest $100 million in India business
WeWork will invest $100 million in its Indian business as the office-sharing startup looks to ride out the coronavirus crisis, which has kept people indoors and away from offices.
Categories: Business News
Bombardier to cut 2,500 aviation jobs as pandemic dents travel demand
Canadian plane and train maker Bombardier Inc said on Friday it would cut 2,500 jobs, or about 11% of the workforce at its aviation unit, as the coronavirus pandemic's crushing impact on the air industry adds to its long list of problems.
Categories: Business News
Canada gains surprise 289,600 jobs in May, jobless rate hits record
Canada unexpectedly gained 289,600 jobs in May even as the jobless rate hit a record high at 13.7%, data showed on Friday, buoyed by the loosening of stay-at-home restrictions in certain parts of the country.
Categories: Business News
Trump congratulates self on U.S. jobs report, will hold news conference at 10 a.m. EDT
President Donald Trump on Friday sent a tweet taking credit for a stunning U.S. jobs report that showed the country's unemployment rate dropped during the thick of the coronavirus pandemic, and then announced he would hold a news conference at 10 a.m. (1400 GMT) on the topic.
Categories: Business News
Oil rises on U.S. jobless drop, OPEC+ meeting hopes
Oil prices rose on Friday after an unexpected fall in the monthly U.S. jobless rate and OPEC's decision to bring forward to Saturday discussions on whether to extend record production cuts.
Categories: Business News
Canada adds net 289,600 jobs in May
Canada added a net 289,600 jobs in May, with most of the employment gains coming in full time, Statistics Canada said on Friday. The rebound in May hiring comes after Canada lost a record-breaking 2 million jobs in April.
Categories: Business News
Exclusive: Unfazed by pandemic, Bank of Japan to keep economic recovery view - sources
The Bank of Japan is likely to maintain this month its projection that the economy will gradually recover from the damage wrought by the coronavirus pandemic in the latter half of this year, sources said.
Categories: Business News
China says forcing Chinese firms off U.S. exchanges will harm U.S.
China said on Friday that forcing Chinese firms to retreat from U.S. stock exchanges would severely harm U.S. interests.
Categories: Business News
Oil rises as traders await OPEC+ meeting on extending supply cuts
Oil prices moved higher on Friday as traders await cues from a meeting that could take place as soon as this weekend where major oil producers will discuss whether to extend record production cuts.
Categories: Business News
Asian stocks set for best weekly gain in nine years, U.S. jobs eyed
Asian stocks extended gains on Friday and were poised for their biggest weekly rise since 2011 while the euro hit a 1-1/2 month high as Europe's central bank surprised with more stimulus, fuelling hopes for a global rebound.
Categories: Business News
Japan's first-quarter GDP decline likely smaller than initial estimates on firmer capex: Reuters poll
Japan's first quarter economic contraction was likely smaller than initially estimated, a Reuters poll showed, thanks to stronger business spending although the country is still expected to slide deeper into recession this year.
Categories: Business News
GM Cruise tries to poach Zoox engineers as company for sale
Self-driving technology company Cruise, a unit of General Motors Co’s , is trying to poach engineers from struggling rival Zoox Inc, according to an email sent to Zoox engineers by the founder of Cruise this week.
Categories: Business News
Expecting a spike in bitcoin? Investors say it may take time
Investors expecting a sudden surge in bitcoin's price, after it underwent a technical adjustment three weeks ago that reduced the rate at which new coins are generated, may have to wait a few months, or perhaps a few years.
Categories: Business News
Global airlines add flights; U.S. carriers target the great outdoors
Airlines from America to Australia are ramping up flights in June and July, boosting hopes for a pickup in tourist traffic even as bigger-spending business and global travel remains sluggish during the ongoing pandemic.
Categories: Business News
U.S. unemployment rate seen near 20% as COVID slams jobs market again in May
The U.S. unemployment rate likely shot up to almost 20% in May, a new post World War Two record, with millions more losing their jobs, exposing the horrific human toll from the COVID-19 crisis.
Categories: Business News
As coronavirus sinks global demand, China’s exporters go online to tap domestic market
At this time of the year, Deng Jinling would normally be welcoming foreign buyers to her vacuum flask showroom or cramming her goods into containers to be shipped to customers in the United States.
Categories: Business News
Goldman Sachs executive's email making plea for racial equality goes viral at firm
An email by a Goldman Sachs Group Inc employee about his experiences of racial injustice and criticizing managers at the Wall Street bank for not supporting junior bankers from diverse backgrounds went viral at the firm this week.
Categories: Business News
