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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

PRESS DIGEST- British Business - June 18

Wed, 2020-06-17 17:11
June 18 - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
Categories: Business News

PRESS DIGEST- Financial Times - June 18

Wed, 2020-06-17 17:00
The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
Categories: Business News

Glass Lewis opposes Tesla chairwoman's re-election to Board - Bloomberg News

Wed, 2020-06-17 16:55
Proxy-adviser Glass Lewis has urged Tesla Inc investors to vote against re-electing chairwoman Robyn Denholm to the company's board due to an arrangement with Elon Musk that raises corporate governance concerns, Bloomberg reported on Wednesday.
Categories: Business News

Australian regulator raises concerns over Google, Fitbit deal

Wed, 2020-06-17 16:38
Australia's consumer watchdog on Thursday raised initial competition concerns over Alphabet Inc-owned Google's $2.1 billion bid for fitness tracker company Fitbit.
Categories: Business News

UPDATE 1-Amazon launches Saudi Arabia shopping site despite CEO's dispute with kingdom

Wed, 2020-06-17 16:36
Amazon.com Inc on Wednesday launched a website for shoppers in Saudi Arabia, showing its continued business interests there despite a public dispute between Riyadh and the company's chief executive, Jeff Bezos.
Categories: Business News

UPDATE 1-Kim Kardashian West to host criminal justice podcast for Spotify

Wed, 2020-06-17 16:01
Reality TV star Kim Kardashian West has reached a deal with Swedish music streaming company Spotify Technology SA to host a podcast related to criminal justice reform, a representative for West said on Wednesday.
Categories: Business News

GLOBAL MARKETS-Asian stocks set to fall as Wall St snaps 3-day winning streak

Wed, 2020-06-17 15:58
Asian stocks were set to dip on Thursday after a choppy Wall Street session as spiking coronavirus cases and prospects of new lockdowns erased earlier confidence about a global economic recovery.
Categories: Business News

CORRECTED-UPDATE 1-Canada's Enbridge says 800 workers take voluntary buyouts

Wed, 2020-06-17 15:52
Enbridge Inc, Canada's largest pipeline operator, said on Wednesday about 800 employees have opted for voluntary buyouts, as the company tries to reduce costs to tackle the COVID-19 crisis and the global oil price shock.
Categories: Business News

CORRECTED-Enbridge says 800 workers take voluntary buyouts

Wed, 2020-06-17 15:51
Enbridge Inc, Canada's largest pipeline operator, said on Wednesday about 800 employees have chosen to take voluntary buyouts, as the company tries to reduce costs amid dual challenges of COVID-19 and the global oil price shock.
Categories: Business News

UPDATE 1-British oil major BP raises $12 bln in debt, says FT

Wed, 2020-06-17 15:06
British oil major BP Plc raised $12 billion of debt with equity-like features, taking advantage of low interest rates to fortify its balance sheet, the Financial Times (FT) reported https://www.ft.com/content/6213ac92-9d7b-41da-9353-a2be17a37a96 on Wednesday.
Categories: Business News

UPDATE 2-Brazil cuts interest rates to new low, leaves door open for 'residual' easing

Wed, 2020-06-17 14:54
Brazil's central bank cut its benchmark interest rate by 75 basis points to a record low of 2.25% on Wednesday, as expected, and said there was some room left for further monetary stimulus to support an economy ravaged by the coronavirus pandemic.
Categories: Business News

Ex-Morgan Stanley diversity officer says bank slashed her budget by 71%

Wed, 2020-06-17 14:52
A lawyer representing a former Morgan Stanley diversity officer who is suing the bank over racial discrimination said on Wednesday the bank cut her client's budget for promoting diversity and financial education by 71% from the time she started in wealth management to 2019.
Categories: Business News

REFILE-BRIEF-AT&T Expects 2020 Dividend Payout Ratio To Be In 60's% Range

Wed, 2020-06-17 14:52
* AT&T INC - FOR 2020, COMPANY EXPECTS DIVIDEND PAYOUT RATIO TO BE IN 60'S% RANGE FOR FULL YEAR
Categories: Business News

UPDATE 1-Mexico's president accuses Spain's Iberdrola of 'hidden' media attack

Wed, 2020-06-17 14:48
Mexican President Andres Manuel Lopez Obrador ramped up verbal attacks on Spain's Iberdrola on Wednesday, accusing the power generation company of mounting a media campaign against his government as well as unspecified acts of graft.
Categories: Business News

British oil major BP raises $12 bln in debt - FT

Wed, 2020-06-17 14:43
British oil major BP Plc raised $12 billion of debt with equity-like features, taking advantage of low interest rates to fortify its balance sheet, the Financial Times reported https://www.ft.com/content/6213ac92-9d7b-41da-9353-a2be17a37a96 on Wednesday.
Categories: Business News

UPDATE 1-U.S. fines Copa Airlines $450K for transporting passengers between U.S., Venezuela

Wed, 2020-06-17 14:28
The U.S. Transportation Department said on Wednesday it fined Panama's Copa Airlines $450,000 for unlawfully transporting passengers between the United States and Venezuela via a stopover point, and ordered the airline to avoid future similar violations.
Categories: Business News

UPDATE 1-Roche rheumatoid arthritis drug fails to help COVID-19 patients in Italian study

Wed, 2020-06-17 14:07
Roche's rheumatoid arthritis drug Actemra failed to help patients with early-stage COVID-19 pneumonia in an Italian study, researchers reported on Wednesday, but the Swiss drugmaker is testing the medicine in another trial against the illness caused by the new coronavirus.
Categories: Business News

Spotify reaches podcast deal with Kim Kardashian West - WSJ

Wed, 2020-06-17 14:06
Reality TV star Kim Kardashian West reached a deal with Spotify Technology SA for a podcast about her work with the Innocence Project, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
Categories: Business News

UPDATE 6-FAA chief acknowledges agency, Boeing made mistakes on 737 MAX

Wed, 2020-06-17 14:02
The head of the Federal Aviation Administration, Steve Dickson, acknowledged on Wednesday that Boeing Co and the U.S. air safety agency both made mistakes on the 737 MAX jet, but rejected senators' accusations the FAA was "stonewalling" probes after two fatal crashes.
Categories: Business News

UPDATE 5-Trump administration proposes rolling back protections for big tech

Wed, 2020-06-17 13:54
The U.S. Justice Department proposed on Wednesday that Congress take up legislation to curb protections big tech platforms like Alphabet's Google and Facebook have had for decades, a senior official said, following through on President Donald Trump's bid to crack down on tech giants.
Categories: Business News

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