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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

UPDATE 1-Papua New Guinea amends oil, gas, mining laws to boost revenue

Thu, 2020-06-11 00:29
* PM Marape says PNG just wants "fair share" (Adds details on mining law changes)
Categories: Business News

UPDATE 2-Johnson Matthey halves dividend and axes jobs as virus hits demand

Thu, 2020-06-11 00:28
Chemicals maker Johnson Matthey halved its dividend on Thursday and said it would cut nearly a fifth of its workforce as the coronavirus pandemic hits demand for its car pollution filters.
Categories: Business News

MORNING BID-A world without work

Thu, 2020-06-11 00:25
(A look at the day ahead from EMEA deputy markets and financial services editor Sujata Rao. The views expressed are her own.) It looked like the Federal Reserve had short-circuited the dollar, which slipped back to a three-month low after the U.S. central bank confirmed rates would stay near zero through 2022. But two things have frightened markets – first, the Fed's ultra-gloomy (though hardly surprising) outlook on the economy and unemployment, and second, an apparent resurgence in COVID-19 ca
Categories: Business News

GLOBAL MARKETS-Stocks spooked, bonds rally on downbeat Fed

Thu, 2020-06-11 00:17
* Europe falls 2.5%, Asia stocks retreat after 10 days of gains
Categories: Business News

UPDATE 1-European shares slide on Fed outlook, worries of new virus cases

Thu, 2020-06-11 00:16
* Lufthansa slumps after job loss warning (Adds comment, updates prices)
Categories: Business News

Unilever's UK move is vote of confidence -British minister

Thu, 2020-06-11 00:14
Unilever's decision to base the company solely in Britain and not in the Netherlands represented a vote of confidence in the country, said British business minister Alok Sharma.
Categories: Business News

U.S. podcast platform Pockets Casts says Apple removed app from China store

Thu, 2020-06-11 00:14
New York-based podcasting platform Pocket Casts said its app had been taken down from Apple Inc's app store in China.
Categories: Business News

How Uber hailed a deal with Grubhub only to let it slip

Thu, 2020-06-11 00:00
Uber Technologies Inc CEO Dara Khosrowshahi has spent much of his career deftly negotiating acquisitions. Yet his $6.5 billion all-stock bid for Grubhub Inc ended with the food delivery company being acquired by European rival Just Eat Takeway.com NV.
Categories: Business News

REFILE-UPDATE 6-Europe's Just Eat Takeaway to buy Grubhub for $7.3 billion

Wed, 2020-06-10 23:53
European food-ordering firm Just Eat Takeaway.com NV said on Wednesday it had agreed to buy U.S. peer Grubhub Inc in an all-stock deal that, if completed, would create the world's largest food delivery company outside China.
Categories: Business News

FOREX-Dollar rises from three-month lows after Fed paints gloomy picture

Wed, 2020-06-10 23:45
The dollar rose on Thursday from a three-month low which it hit in the previous session, as expectations that the global economy will recover swiftly from the coronavirus pandemic took a beating after a U.S. central bank policy meeting.
Categories: Business News

German yields fall to more than one-week low after Fed

Wed, 2020-06-10 23:45
* Euro zone periphery govt bond yields http://tmsnrt.rs/2ii2Bqr
Categories: Business News

UPDATE 3-China auto sales up for second straight month after almost two-year slump

Wed, 2020-06-10 23:33
* Industry official expresses caution toward overseas demand (Adds further comment from the briefing, paragraph 10)
Categories: Business News

GLOBAL MARKETS-Asia stocks snap winning streak, bonds rally on downbeat Fed

Wed, 2020-06-10 21:53
Asian shares retreated on Thursday as a gloomy outlook from the U.S. Federal Reserve challenged market optimism on the global economy, while bonds rallied on speculation that yet more stimulus would be needed to ensure recovery.
Categories: Business News

REFILE-Walmart to stop keeping 'multicultural' beauty products in locked display cases

Wed, 2020-06-10 21:37
Walmart Inc will stop keeping personal care products designed for people of color in locked display cases, the retailer said, after the practice drew flak online with many saying it suggested customers for these products cannot be trusted.
Categories: Business News

Healthcare group Sanofi upbeat on Dupixent opportunities

Wed, 2020-06-10 21:12
French healthcare company Sanofi outlined more growth opportunities on Thursday for the Dupixent product it is developing along with partner Regeneron .
Categories: Business News

U.S. network pulls live police documentary show amid protests against racism

Wed, 2020-06-10 21:10
U.S. TV network A&E has canceled a live documentary show on police officers in action, the latest media company to reassess their content amid widespread protests against law enforcement brutality on people of color in the country.
Categories: Business News

GLOBAL MARKETS-Asia stocks break winning streak, bonds rally on sober Fed

Wed, 2020-06-10 20:54
Asian shares swung lower on Thursday while bonds rallied after a downbeat economic outlook from the U.S. Federal Reserve stoked speculation it would have to add to already historic levels of stimulus to underpin a recovery.
Categories: Business News

PRESS DIGEST- New York Times business news - June 11

Wed, 2020-06-10 20:38
The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.
Categories: Business News

Indonesia Jan-May oil and gas lifting dips as investment hit -SKK Migas

Wed, 2020-06-10 20:23
* Indonesia's upstream oil and gas regulator SKK Migas said in a statement on Thursday that the country's oil and gas lifting in January to May stood at 701,000 barrels per day (bpd) and 5,658 million cubic feet per day (mmcfd), respectively.
Categories: Business News

FOCUS-'Fifty drivers fight for one order': Southeast Asia gig economy slammed by virus

Wed, 2020-06-10 20:11
Indonesian motorcycle taxi driver Aji chain-smokes and checks his smartphone constantly while waiting for orders by the roadside in downtown Jakarta on a hot June morning, but is staring at the prospect of another fruitless day.
Categories: Business News

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