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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 22 weeks ago

UPDATE 1-Netease raises at least $2.7 bln in Hong Kong listing, sources say

Thu, 2020-06-04 18:02
* Netease raises at least $2.7 bln in secondary HK listing-sources
Categories: Business News

Supermicro looks to open second server assembly site in United States

Thu, 2020-06-04 17:27
Data center server maker Super Micro Computer Inc is looking to open a new site in the United States to assemble computers, possibly in Oregon, the East Coast or Midwest, Chief Executive Officer Charles Liang told Reuters on Thursday.
Categories: Business News

Netease raises at least $2.7 bln in Hong Kong listing, sources say

Thu, 2020-06-04 17:10
Chinese online gaming firm Netease raised at least $2.7 billion in a Hong Kong secondary offering after pricing its shares at HK$123 ($15.87) each, according to two sources with direct knowledge of the matter.
Categories: Business News

Novavax gets U.S. defense funding for its COVID-19 vaccine

Thu, 2020-06-04 17:03
Novavax Inc said on Thursday the U.S. Department of Defense (DoD) will give the late-stage biotech company up to $60 million to fund the manufacturing of its experimental COVID-19 vaccine. The U.S.-based company said the deal includes the delivery of 10 million doses of its COVID-19 vaccine - NVX-CoV2373 - to the DoD this year.
Categories: Business News

PRESS DIGEST- Financial Times - June 5

Thu, 2020-06-04 16:37
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

UPDATE 2-Broadcom's revenue forecast disappoints on possible Apple iPhone delay

Thu, 2020-06-04 16:25
Broadcom Inc on Thursday forecast current-quarter revenue with a midpoint slightly below analysts' estimates, in part caused by a delay at a "large North American mobile phone" customer that analysts believe is Apple Inc.
Categories: Business News

PRESS DIGEST- British Business - June 5

Thu, 2020-06-04 16:24
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

New Zealand says to buy five new Super Hercules aircraft

Thu, 2020-06-04 16:06
New Zealand said on Friday that it will purchase five C-130J-30 Super Hercules transport aircraft from Lockheed Martin to replace its existing fleet.
Categories: Business News

UPDATE 5-U.S. court blocks sales of Bayer weed killer in United States

Thu, 2020-06-04 16:03
* Bayer says seeking new EPA registration for 2021 (Adds statements from U.S. agriculture secretary, soy trade group)
Categories: Business News

Facebook moves to limit spread of 'Boogaloo' groups after charges

Thu, 2020-06-04 16:02
Facebook Inc is making it harder to find user groups associated with the term "Boogaloo," which refers to a potential U.S. civil war or the collapse of civilization, the company said on Thursday.
Categories: Business News

GLOBAL MARKETS-Asia's stock rally set to pause for breath ahead of U.S. jobs data

Thu, 2020-06-04 15:58
Asian stocks were set to hold tight ranges on Friday after a mixed Wall Street session and as investors awaited key U.S. jobs data while sustained hopes about a global economic recovery kept pressure on the safe-haven dollar.
Categories: Business News

UPDATE 1-Uber Eats features black-owned restaurants on U.S., Canadian delivery platform

Thu, 2020-06-04 15:34
Uber Technologies Inc on Thursday launched a feature on its food delivery app Uber Eats that lets customers in the United States and Canada order from restaurants owned by black people and pay no delivery fees for those orders through 2020.
Categories: Business News

Global airlines add flights; U.S. carriers target the great outdoors

Thu, 2020-06-04 15:22
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

UPDATE 1-Brazil retailer Centauro raises $176 mln in follow-on offering -sources

Thu, 2020-06-04 15:02
Brazilian sporting goods retailer Centauro priced its shares at 30 reais each in a follow-on offering aimed at raising 900 million reais ($175.84 million) to finance acquisitions, two sources with knowledge of the matter said.
Categories: Business News

Massachusetts directs agency to study phase-out of natural gas

Thu, 2020-06-04 14:57
Massachusetts' top attorney asked the state's public utilities regulator on Thursday to probe the future of the natural gas industry as the state moves away from burning fossil fuels because they contribute to climate change.
Categories: Business News

UPDATE 3-Slack revenue growth fails to impress, shares tank

Thu, 2020-06-04 14:55
Slack Technologies Inc on Thursday posted slowing quarterly sales growth, disappointing investors who had expected a surge in demand for its workplace messaging app as companies rapidly adopt remote working tools and technology.
Categories: Business News

UPDATE 2-Gap records nearly $1 billion in losses on coronavirus-led store closures

Thu, 2020-06-04 14:52
Gap Inc on Thursday reported a quarterly loss of nearly $1 billion as the apparel retailer was forced to close its stores due to the coronavirus outbreak, sending its shares down about 8% after market hours.
Categories: Business News

Brazil retailer Centauro prices share at 30 reais in follow-on offering - sources

Thu, 2020-06-04 14:42
Brazilian sporting goods retailer Centauro priced its shares at 30 reais each in a follow-on offering aimed at raising proceeds to finance acquisitions, two sources with knowledge of the matter said.
Categories: Business News

UPDATE 1-Canada's mortgage insurer tightens rules as it forecasts home-price drop of up to 18%

Thu, 2020-06-04 14:24
The government-backed Canada Mortgage and Housing Corp said on Thursday it would tighten rules for offering mortgage insurance from July 1, after forecasting declines of between 9% and 18% in home prices over the next 12 months.
Categories: Business News

Uber Eats features black-owned restaurants on U.S., Canadian delivery platform

Thu, 2020-06-04 14:21
Uber Technologies Inc on Thursday launched a feature on its food delivery app Uber Eats that allows customers in the United States and Canada to order from restaurants owned by black people.
Categories: Business News

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