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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

Carlyle's Africa dealmakers leave to start their own buyout firm

Wed, 2020-05-27 03:30
Four dealmakers responsible for Carlyle Group Inc's Sub-Saharan Africa Fund are leaving to launch their own firm, Carlyle said on Wednesday, in the latest private equity retreat from the continent.
Categories: Business News

GLOBAL MARKETS-Stocks, euro rise on massive EU stimulus plan

Wed, 2020-05-27 03:28
World shares surged on Wednesday as reports of a European Union rescue fund helped offset concerns about unrest in Hong Kong over Beijing's proposed national security laws.
Categories: Business News

UPDATE 2-Euro zone shares surge on EU recovery plan report, banks shine

Wed, 2020-05-27 03:23
* Renault soars after unveiling plans with Nissan (Adds details, updates prices)
Categories: Business News

AT&T launches HBO Max, vying with Netflix, others for quarantine viewing

Wed, 2020-05-27 02:00
AT&T’s WarnerMedia division launches its HBO Max streaming service on Wednesday, taking on Netflix, Disney and Amazon at a time when coronavirus lockdowns have boosted demand for streaming even as rising unemployment has cut disposable incomes.
Categories: Business News

NASA set to resume human spaceflight from U.S. soil with historic SpaceX launch

Wed, 2020-05-27 02:00
SpaceX, the private rocket company of billionaire entrepreneur Elon Musk, was set to launch two Americans into orbit on Wednesday from Florida on a mission that would mark the first spaceflight of NASA astronauts from U.S. soil in nine years.
Categories: Business News

UPDATE 4-Hong Kong lines up MSCI derivatives launch amid doubts on city's future

Wed, 2020-05-27 01:44
* Deal comes amid questions over HK's future as a finance centre
Categories: Business News

Bank of Montreal profit slumps as credit losses loom

Wed, 2020-05-27 01:41
Bank of Montreal reported a drop of more than 50% in quarterly profit on Wednesday as it set aside more money to cover potential loan losses from the coronavirus pandemic.
Categories: Business News

UPDATE 2-Renault and Nissan rule out merger as they unveil survival plan

Wed, 2020-05-27 01:38
Renault, Nissan Motor Co and Mitsubishi Motors Corp ruled out a merger on Wednesday and instead said they would cooperate more closely on vehicle development to slash costs and salvage their troubled alliance.
Categories: Business News

Hong Kong stocks fall on fresh protests, rising Sino-U.S. tensions

Wed, 2020-05-27 01:05
Hong Kong stocks fell on Wednesday due to fresh anti-government protests and rising tensions between China and the United States.
Categories: Business News

TIMELINE-Key events in Huawei CFO Meng Wanzhou's extradition case

Wed, 2020-05-27 01:00
A Canadian judge will rule Wednesday on a key aspect of Huawei Technologies Co Ltd's Chief Financial Officer Meng Wanzhou's extradition to the United States. The judge will rule on double criminality, meaning whether the charges against Meng were illegal in both Canada and the United States at the time of her December 2018 arrest.
Categories: Business News

Huawei Meng's U.S. extradition case hinges on key ruling in Canada on Wednesday

Wed, 2020-05-27 01:00
A Canadian judge will rule Wednesday on a key aspect of Huawei Technologies Chief Financial Officer Meng Wanzhou's extradition to the United States, with a favourable judgment seen as paving the way for the release of the Chinese executive after 18 months of house arrest.
Categories: Business News

EXPLAINER-What happens next in Huawei CFO's U.S. extradition case

Wed, 2020-05-27 01:00
A Canadian judge will rule Wednesday on a key aspect of Huawei Technologies Co Ltd's Chief Financial Officer Meng Wanzhou's extradition to the United States. The judge will rule on double criminality, meaning whether the charges against Meng were illegal in both Canada and the United States at the time of her December 2018 arrest.
Categories: Business News

Antibody drug tech firm AbCellera raises $105 million as it works on COVID-19

Wed, 2020-05-27 01:00
Canadian drug discovery technology company AbCellera, which analyzes and identifies antibodies for pharmaceutical companies working on a coronavirus treatment and other medicines, said on Wednesday it had raised $105 million in funds.
Categories: Business News

UPDATE 1-Banks, automakers drive European stocks higher, EU recovery plan awaited

Wed, 2020-05-27 00:54
* EU recovery fund plan in focus (Adds comment, updates prices)
Categories: Business News

Ryanair CEO reports surge in holiday bookings, sees UK dropping quarantine

Wed, 2020-05-27 00:49
Ryanair expects Britain to join other European countries in dropping COVID-19 quarantine plans in the coming weeks, chief executive Michael O'Leary said in an interview on Wednesday as he reported a "big surge" in holiday bookings from the country.
Categories: Business News

TIMELINE-From boom to bottom: Renault and Nissan bet on deeper cooperation

Wed, 2020-05-27 00:47
Renault SA, Nissan Motor Co and Mitsubishi Motors have no plans to merge and will instead focus on a new production sharing plan to cut costs and improve efficiency, Chairman Jean-Dominique Senard said on Wednesday.
Categories: Business News

Turkish Airlines may delay delivery of Airbus, Boeing planes -report

Wed, 2020-05-27 00:34
Turkish Airlines, which halted nearly all of its passenger flights as a result of the coronavirus crisis, may delay the delivery of some Boeing and Airbus planes, its chairman was quoted as saying on Wednesday.
Categories: Business News

GLOBAL MARKETS-Hong Kong unrest worries curb global shares rally

Wed, 2020-05-27 00:29
Unrest in Hong Kong over Beijing's proposed national security laws weighed on global shares and oil prices on Wednesday, offsetting optimism about the re-opening of the world economy.
Categories: Business News

UPDATE 1-CATL explores new EV battery services, to add capacity - chairman

Wed, 2020-05-27 00:26
China's top electric vehicle (EV) battery maker Contemporary Amperex Technology Ltd (CATL) is exploring new battery-related services and will expand manufacturing capacity in the next two years, its chairman told Reuters.
Categories: Business News

Tencent seeks $6 bln in bond sale as protests hit Hong Kong

Wed, 2020-05-27 00:26
Chinese technology giant Tencent kicked off its offer of bonds worth up to $6 billion in Hong Kong on Wednesday, launching the sale even as riot police fired pepper spray to disperse protesters in the city's central business district.
Categories: Business News

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