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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
Britain, EU clash over financial market access: diplomats
Britain wants binding commitments from the European Union on financial market access to avoid the country's finance industry suddenly being cut off from the bloc, a request Brussels has rejected, EU officials and diplomats said.
Categories: Business News
U.S. opens national security probe into vanadium imports
The U.S. Commerce Department said on Tuesday it was opening an investigation into whether imports of vanadium, a metal used in aerospace, defense and energy applications, impair U.S. national security.
Categories: Business News
Global equities cruise to three-month highs, dollar under protest pressure
World stock markets hit their highest levels since March and oil prices jumped on Tuesday as signs of a global economic recovery from the coronavirus pandemic offset concerns over the worst civil unrest in the United States in decades.
Categories: Business News
H&M closes U.S. stores amid protests, says it stands behind black community
H&M, the world's second-biggest fashion retailer, said on Tuesday it had temporarily closed 95 of its stores in the United States because of the violent protests following the death of George Floyd in police custody.
Categories: Business News
Exclusive: U.S. small business program handed out virus aid to many borrowers twice
A technical snafu in a U.S. government system caused many small businesses to receive loans twice or more under a federal aid program to help businesses hurt by the COVID-19 pandemic, nearly a dozen people with knowledge of the matter said.
Categories: Business News
Wall St. set for higher open on prospects of economic recovery
Wall Street's main indexes were set to hit fresh three-month highs on Tuesday as optimism over reopening businesses overshadowed fears of more disruptions from protests in the country over the death of a black man while in police custody.
Categories: Business News
Bank of America pledges $1 billion to address racial, economic inequality
Bank of America Corp said on Tuesday it is making a $1 billion, four-year commitment to help communities address economic and racial inequality exacerbated by the COVID-19 global pandemic.
Categories: Business News
Oil prices rise ahead of OPEC+ meeting on output cuts
Oil prices rose on Tuesday to near three-month highs on expectations that major producers would agree to extend output cuts that have shored up prices, during a video conference likely to be held this week.
Categories: Business News
Amid pandemic, crypto crime surges in first 5 months: CipherTrace
Crypto intelligence company CipherTrace, which started tracking cryptocurrency crime a few years ago, said it has started to see coronavirus-related frauds that require some form of digital currency payment.
Categories: Business News
Global shares cruise to three-month highs, dollar shows the strain
World stocks climbed to three-month highs on Tuesday as the global coronavirus recovery effort won out over U.S.-China tensions and the worst civil unrest in the United States in decades.
Categories: Business News
How grab-and-go food chains are adjusting to coronavirus reality
Restaurants devoted mainly to quick bites and drinks are reconfiguring their businesses to limit traffic in tight quarters and maintain coronavirus social distancing.
Categories: Business News
Exclusive: Winning bidder for Grindr has ties to Chinese owner
An investor group that got U.S. approval to buy Grindr Inc has financial and personal links to the dating app's current owner, China's Beijing Kunlun Tech Co Ltd , Reuters has found, in a possible departure from Washington’s national security policy on deals.
Categories: Business News
George Floyd protests recall earlier tensions, promises of economic change
In November 2015, the shooting death of Jamar Clark by Minneapolis police touched off a debate on race and economic inequality that challenged the city's progressive image and led local corporate leaders to back efforts at better sharing the spoils of a booming Midwestern state.
Categories: Business News
EU to rule on AMS's 4.6 billion euro bid for Osram by July 6
EU antitrust regulators will decide by July 6 whether to clear Austrian sensor maker AMS's 4.6 billion euro ($5.14 billion) bid for German lighting group Osram after a preliminary review, a European Commission filing showed on Monday.
Categories: Business News
Qatar Petroleum's $19 billion LNG vessel order boon for South Korean shipbuilders
South Korea's ailing shipbuilders have been thrown a lifeline in an increasingly tough market with a $19 billion order from Qatar Petroleum (QP) for liquefied natural gas (LNG) ships, analysts said on Tuesday.
Categories: Business News
China auto sales growth seen for second straight month, boosting recovery hopes
China's vehicle sales are estimated to rise 11.7% on year in May, its top auto industry body said on Tuesday, cementing hopes of a recovery in the world's biggest auto market with the first back to back monthly sales increase in about two years.
Categories: Business News
Embraer seeks business partners but not a repeat of the Boeing deal
The world's No. 3 planemaker Embraer is open to new business partners after Boeing Co ditched a $4.2 billion deal that was years in the making, the Brazilian company's chief executive told Reuters.
Categories: Business News
Australia's Woolworths to reward over 100,000 staff with shares for virus efforts
Australia's biggest supermarket chain Woolworths Group said on Tuesday it will reward more than 100,000 of its staff with free company shares for their efforts during a period of upheaval amid bushfires and the coronavirus buying frenzy.
Categories: Business News
China buys U.S. soybeans after halt to U.S. purchases ordered: sources
State-owned Chinese firms bought at least three cargoes of U.S. soybeans on Monday, even as sources in China said the government had told them to halt purchases after Washington said it would eliminate special treatment for Hong Kong to punish Beijing.
Categories: Business News
