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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-China's Geely raises $836 mln from share sale

Thu, 2020-05-28 21:39
Geely Automobile Holdings Ltd said on Friday it raised HK$6.48 billion ($836 million) from a share placement as the Chinese automaker looks to replenish its coffers to finance growth in the world's largest auto market.
Categories: Business News

UPDATE 1-China plans to extend curbs on international flights until June 30 - U.S. embassy

Thu, 2020-05-28 21:35
Chinese civil aviation authorities plan to extend until June 30 their curbs on international flights imposed to restrain the spread of the coronavirus, the U.S. embassy in Beijing said in a travel advisory on Friday.
Categories: Business News

JDE Peet's valued at $17.3 billion in espresso IPO

Thu, 2020-05-28 21:21
Coffee maker JDE Peet's said on Friday its shares were priced at 31.50 euros each in an initial public offering, valuing the firm at 15.6 billion euros ($17.3 billion), as it became one of the few big companies to go public during the coronavirus crisis.
Categories: Business News

PRESS DIGEST- New York Times business news - May 29

Thu, 2020-05-28 21:10
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

UPDATE 3-Japan's factory, retail sectors slump as pandemic hits auto sector

Thu, 2020-05-28 20:58
* Jobless rate rises to highest level since December 2017 (Adds details on job data in paragraph 18)
Categories: Business News

UPDATE 2-VW pumps 2 bln euros into China electric vehicle bet, buys stakes in 2 firms

Thu, 2020-05-28 20:22
* JAC, Guoxuan shares jump 10%, maximum daily limit (Adds company and sector details throughout)
Categories: Business News

METALS-Shanghai aluminium scales near 3-month high on China demand

Thu, 2020-05-28 20:21
Shanghai aluminium prices rose to a near three-month high on Friday, underpinned by a solid recovery in demand in top consumer China and falling stockpiles.
Categories: Business News

GRAPHIC-Chinese stock markets ride on earnings' optimism

Thu, 2020-05-28 19:25
As Chinese firms return to work after a pandemic lockdown faster than their peers worldwide and the government ramps up economic stimulus, the mainland has become the only major market where investors expect earnings to grow this year.
Categories: Business News

Morning News Call - India, May 29

Thu, 2020-05-28 19:10
To access a PDF version of this newsletter, please click here http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_05292020.pdf If you would like to receive this newsletter via email, please register at: http://solutions.refinitiv.com/MNCIndiaSubscriptionpage FACTORS TO WATCH 5:00 pm: Government to release April Infrastructure output data in New Delhi. 5:30 pm: Government to release January-March quarter and FY20 GDP data in
Categories: Business News

SoftBank Vision Fund head's pay doubled last year despite massive losses

Thu, 2020-05-28 19:08
SoftBank Vision Fund's head, Rajeev Misra, saw his total pay for the past business year more than double to roughly $15 million, even as the fund's underperformance pushed SoftBank to a record operating loss of some $13 billion.
Categories: Business News

GLOBAL MARKETS-Stocks slip as markets await Trump's HK response

Thu, 2020-05-28 18:41
Asia's stock markets pulled back and major currencies were held in check on Friday, as investors await the U.S. response to China tightening control over the city of Hong Kong.
Categories: Business News

Australia's Lynas says it complied with exchange's disclosure rules on funding

Thu, 2020-05-28 18:31
Lynas Corp on Friday said it has complied with Australian Securities Exchange's disclosure rules in response to an exchange letter asking the miner about its disclosures on the funding of a rare earths processing plant in the United States.
Categories: Business News

UPDATE 9-Trump move could scrap or weaken law that protects social media companies

Thu, 2020-05-28 17:53
President Donald Trump said he will introduce legislation that may scrap or weaken a law that has protected internet companies, including Twitter and Facebook, in an extraordinary attempt to regulate social media platforms where he has been criticized.
Categories: Business News

U.S. FDA asks 5 firms to recall diabetes drug with high levels of probable carcinogen

Thu, 2020-05-28 17:45
The U.S. Food and Drug Administration (FDA) said on Thursday it has recommended five pharmaceutical firms to voluntarily recall their diabetes drug metformin after the agency found high levels of a possible cancer-causing impurity in some versions of the medication.
Categories: Business News

Twitter flags China spokesman's tweet on COVID-19

Thu, 2020-05-28 17:25
Twitter has flagged a tweet written in March by a Chinese government spokesman that suggested the U.S. military brought the novel coronavirus to China, as the social media platform ramps up fact-checking of posts.
Categories: Business News

PRESS DIGEST- British Business - May 29

Thu, 2020-05-28 16:58
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

UPDATE 2-Tyson Foods will shut U.S. pork plant as more workers catch COVID-19

Thu, 2020-05-28 16:08
Tyson Foods Inc said on Thursday it will temporarily close an Iowa pork plant due to the coronavirus pandemic, a month after U.S. President Donald Trump ordered slaughterhouses to stay open to protect the country's food supply.
Categories: Business News

U.S. judge orders 15 banks to face big investors' currency rigging lawsuit

Thu, 2020-05-28 16:07
A U.S. judge on Thursday said institutional investors, including BlackRock Inc and Allianz SE's Pacific Investment Management Co, can pursue much of their lawsuit accusing 15 major banks of rigging prices in the $6.6 trillion-a-day foreign exchange market.
Categories: Business News

Matteo Bocelli sings 'Lion King' hit as Disney songs go classical

Thu, 2020-05-28 16:06
Matteo Bocelli, the son of renowned Italian tenor Andrea Bocelli, on Friday released a new version of "The Lion King" movie ballad "Can You Feel the Love Tonight," the first single from an album of classical versions of Disney songs.
Categories: Business News

UPDATE 1-California regulator approves PG&E's Chapter 11 reorganization plan

Thu, 2020-05-28 16:04
PG&E Corp said on Thursday its Chapter 11 reorganization plan has been confirmed by a California power regulator, bringing the power provider one step closer to emerge from bankruptcy and participate in a state-backed wildfire fund.
Categories: Business News

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