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Toyota to make over 10 battery EV models in early 2020s

FILE PHOTO: View of a Toyota logo on a wheel at the Mondial de l’Automobile, Paris auto show, during media day in Paris, France, September 30, 2016. REUTERS/Jacky Naegelen/File Photo TOKYO (Reuters) – Toyota Motor Corp (7203.T) on Monday said it will market mo... More »

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Tiny stem cell companies close in on major heart disease goals

Vials of MPC-150-IM, Mesoblast’s stem cell product, are seen in this undated handout photo received December 14, 2017. Mesoblast/Handout via REUTERS NEW YORK (Reuters) – The early hope that stem cell therapy would make the paralyzed walk, the blind see and cur... More »

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Bitcoin hits bigger stage as exchange giant CME launches futures

FILE PHOTO: A copy of bitcoin standing on PC motherboard is seen in this illustration picture, October 26, 2017. REUTERS/Dado Ruvic/File Photo NEW YORK/SYDNEY (Reuters) – Bitcoin futures received a lukewarm reception at its launch on the CME Group Inc on Sunda... More »

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Republicans confident tax bill to become law this week

FILE PHOTO: Senator John Cornyn (R-TX) speaks during Senate Intelligence Committee hearing to answer questions related to Russian use of social media to influence U.S. elections, on Capitol Hill in Washington, U.S., November 1, 2017. REUTERS/Joshua Roberts/Fil... More »

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Oracle Corp to buy Australia’s Aconex for $1.19 billion

A sign marks a building housing Oracle offices in Burlington, Massachusetts, U.S., June 21, 2017. REUTERS/Brian Snyder Sydney (Reuters) – Australia’s Aconex Ltd (ACX.AX) said on Monday it had received a A$1.56 billion ($1.2 billion), or A$7.80 in cash-per-shar... More »

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Factbox: What’s in the final U.S. Republican tax bill

FILE PHOTO: U.S. President Donald Trump delivers a speech on tax reform legislation at the White House in Washington, U.S., December 13, 2017. REUTERS/Carlos Barria (Reuters) – Republicans in the Senate and House of Representatives are expected to vote within ... More »

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Hamburger chain Wendy’s to reduce antibiotic use in beef supply

A Wendy’s Co restaurant is pictured in Monrovia, California November 4, 2015. REUTERS/Mario Anzuoni CHICAGO (Reuters) – Hamburger chain Wendy’s Co (WEN.O) laid out plans on Friday to trim the use of antibiotics that are important to human medicine from its bee... More »

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Fed’s Quarles to recuse himself from Wells Fargo matters

WASHINGTON (Reuters) – Randal Quarles, the top Federal Reserve official tasked with policing Wall Street, said on Friday that he would recuse himself from any matters concerning Wells Fargo & Co, the nation’s third largest bank. Wells Fargo, which last year pa... More »

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Wall Street set for higher open as tax bill concerns wane

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 14, 2017. REUTERS/Brendan McDermid (Reuters) – Wall Street was set to open higher on Friday, recovering from a bout of uncertainty surrounding the passage of the Republ... More »

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German military kicks off heavy lift helicopter competition: source

FILE PHOTO: A Marine Corps CH-53 Super Stallion lifts off from the USS Kearsarge as U.S. military personnel continue to evacuate the U.S. Virgin Islands in advance of Hurricane Maria, in the Caribbean Sea near the islands September 18, 2017. REUTERS/Jonathan D... More »

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South African regulator probes conduct of Steinhoff auditors

FILE PHOTO: A Poundland employee checks products in a store in London, Britain November 10, 2015. REUTERS/Stefan Wermuth/File Photo JOHANNESBURG (Reuters) – South Africa’s Independent Regulatory Board for Auditors (IRBA) is investigating Steinhoff’s (SNHG.DE) ... More »

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CSX shares tumble after CEO’s medical leave

FILE PHOTO – Hunter Harrison speaks to the economic community at a business luncheon in Toronto, March 2, 2015. REUTERS/Mark Blinch (Reuters) – CSX Corp’s (CSX.O) shares tumbled on Friday in premarket trading after the No. 3 U.S. railroad said Chief Executive ... More »

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Exclusive: Bankers may get notes to help push industry line on Brexit

The Union Flag and a European Union flag fly near the Elizabeth Tower, housing the Big Ben bell, during the anti-Brexit ‘People’s March for Europe’, in Parliament Square in central London, Britain September 9, 2017. REUTERS/Tolga Akmen LONDON (Reuters) – Banke... More »

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Biggest inflows to U.S. large caps since April: BAML

LONDON (Reuters) – U.S. large cap stocks attracted their biggest inflows since April in the week Wednesday to Wednesday, Bank of America Merril Lynch (BAML) data showed on Friday, as investors eyed progress on long-awaited U.S. tax cuts. The planned tax overha... More »

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Out of U.S. sanctions, Sudan tries to lure back investors

LONDON (Reuters) – Sudan’s president is wanted for crimes against humanity, the economy has lost much of its oil output and the government is in arrears with the IMF. And yet Osama Faisal’s target of boosting foreign investment tenfold is not quite as daunting... More »

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CSX CEO Hunter Harrison takes medical leave amid rail overhaul

FILE PHOTO – Hunter Harrison speaks to the economic community at a business luncheon in Toronto, March 2, 2015. REUTERS/Mark Blinch (Reuters) – CSX Corp (CSX.O) said on Thursday its Chief Executive Officer Hunter Harrison was taking medical leave, an announcem... More »

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World trade order in a wobble as Washington snubs WTO status quo

FILE PHOTO: Freight containers stand half immersed in water after the Elbe River broke its bank at a storage facility at the harbour in Riesa, Germany, June 6, 2013. REUTERS/Thomas Peter/File Photo BERLIN (Reuters) – The frustration of Roberto Azevedo was evid... More »

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TSX futures point to flat opening

FILE PHOTO: A sign board displaying Toronto Stock Exchange (TSX) stock information is seen in Toronto June 23, 2014. REUTERS/Mark Blinch/File Photo (Reuters) – Canada’s main stock index futures were little changed on Friday even as oil prices rose amid ongoing... More »

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Let board do its job finding successor, Airbus CEO urges staff

Airbus Chief Executive Tom Enders attends a ceremony during the delivery of the new Airbus A380 aircraft to Singapore Airlines at the French headquarters of aircraft company Airbus in Colomiers near Toulouse, France, December 13, 2017. REUTERS/Regis Duvignau P... More »

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Venezuela’s PDVSA begins making delayed bond interest payments

FILE PHOTO: A man walks past the corporate logo of the state oil company PDVSA at a gas station in Caracas, Venezuela December 1, 2017. REUTERS/Marco Bello/File Photo CARACAS (Reuters) – Venezuelan state oil company PDVSA said late on Thursday it had begun the... More »

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Oil prices edge up on North Sea pipeline outage, falling stocks

FILE PHOTO – A pumpjack brings oil to the surface in the Monterey Shale, California, U.S. April 29, 2013. REUTERS/Lucy Nicholson/File Photo SINGAPORE/LONDON (Reuters) – Oil prices edged up on Friday, lifted by the Forties pipeline outage in the North Sea, ongo... More »

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India raises import tax on cellphones, move to hurt Apple

FILE PHOTO: A woman talks on her mobile phone on a pavement in Kolkata, India July 5, 2017. REUTERS/Rupak De Chowdhuri/File Photo NEW DELHI (Reuters) – India has increased the import tax on dozens of electronic products such as mobile phones and television set... More »

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Germany’s Merck in fresh bid to enter U.S. MS pill market

The logo of German pharmaceuticals company Merck is seen in front of the company’s headquarters in Darmstadt, Germany, May 16, 2016. REUTERS/Kai Pfaffenbach FRANKFURT (Reuters) – Germany’s Merck KGaA (MRCG.DE) is reviving plans to bring an oral multiple sclero... More »

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Republican governors meet with Pence over NAFTA concerns

FILE PHOTO – U.S. Vice President Mike Pence arrives before U.S. President Donald Trump and Singapore’s Prime Minister Lee Hsien Loong speak at a joint statement at the White House in Washington, DC, U.S. October 23, 2017. REUTERS/Joshua Roberts WASHINGTON (Reu... More »

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Fox’s Star to bring Disney cash and cricket in India

The 21st Century Fox logo is seen outside the News Corporation headquarters in Manhattan, New York, U.S., April 29, 2016. REUTERS/Brendan McDermid/File photo (Reuters) – Walt Disney Co’s deal with Twenty-First Century Fox Inc gives the world’s best-known enter... More »

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Use balance transfers to start 2018 with path to pay off debt

U.S. outgoing Federal Reserve Chair Janet Yellen arrives for a news conference after a two-day Federal Open Market Committee (FOMC) meeting in Washington, U.S. December 13, 2017. REUTERS/Jonathan Ernst NEW YORK (Reuters) – When the U.S. Federal Reserve raises ... More »

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Samsung Heavy names new CEO after forecasting losses

SEOUL (Reuters) – South Korea’s Samsung Heavy Industries (010140.KS) named Joonou Nam as its new chief executive officer on Monday after Park Dae-young resigned to take responsibility for the firm’s losses. The shipbuilder’s shares plunged last week as it fore... More »

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Factbox: Cboe, CME to launch bitcoin futures contracts

(Reuters) – Cboe Global Markets Inc and CME Group Inc will launch futures contracts on bitcoin on Dec. 10 and Dec. 17 respectively. Here are some of the differences between the products to be offered by the exchange operators. CONTRACT UNIT -The Cboe Bitcoin F... More »

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JPMorgan’s Dimon taking customer pricing hints from Amazon

FILE PHOTO – Jamie Dimon, Chairman and CEO of JPMorgan Chase & Co. speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S. on May 1, 2017. REUTERS/Mike Blake/File Photo NEW YORK (Reuters) – JPMorgan Chase & Co (JPM.N) expects to... More »

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European stocks rally after Brexit, banking rules deals

The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, December 6, 2017. REUTERS/Staff/Remote/File Photo LONDON (Reuters) – European stocks rallied to a week’s high on Friday as Britain and the European Union announced a ... More »

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Sterling rises, euro edges down as Brexit deal may be near

British Pound Sterling banknotes are seen in a counter machine at the Money Service Austria company’s headquarters in Vienna, Austria, November 16, 2017. REUTERS/Leonhard Foeger TOKYO (Reuters) – Sterling rose while the euro edged down on Friday, as traders wa... More »

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Kobe Steel loses JIS certifications, faces lawsuits in Canada

FILE PHOTO: The logo of Kobe Steel (Kobelco) is seen at the company headquarters in Kobe, western Japan October 24, 2017. REUTERS/Thomas White/File Photo TOKYO (Reuters) – Kobe Steel Ltd (5406.T) said on Friday it has been hit with lawsuits over its data tampe... More »

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BOJ’s tankan set to show big manufacturers’ mood improving

FILE PHOTO: A man walks past a factory at the Keihin industrial zone in Kawasaki, south of Tokyo, Japan, August 18, 2016. Picture taken on August 18, 2016. REUTERS/Kim Kyung-Hoon/File Photo TOKYO (Reuters) – A measure of business confidence among big Japanese ... More »

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Oil stable as strong Chinese demand counters rising dollar

FILE PHOTO – A pump jack is seen at sunrise near Bakersfield, California October 14, 2014. REUTERS/Lucy Nicholson SINGAPORE (Reuters) – Oil prices were stable on Friday as the weight of a strengthening U.S. dollar was countered by China’s relentless thirst for... More »

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Unexpected decline in German exports narrows trade surplus

A containership is loaded at a terminal at the harbour in Hamburg, late March 30, 2011. REUTERS/Fabian Bimmer/File Photo BERLIN (Reuters) – German exports fell unexpectedly in October while vibrant domestic demand pushed up imports, narrowing its trade surplus... More »

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French industrial output surges unexpectedly in October

PARIS (Reuters) – French industrial output rose unexpectedly in October, blowing past forecasts as production of pharmaceutics and cars surged, figures from the INSEE official statistics agency showed on Friday. Industrial production rose 1.9 percent from Sept... More »

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China’s commodity imports roar back in November

FILE PHOTO: An employee rides a bike on a road near refinery plants of Chambroad Petrochemicals, in Boxing, Shandong Province, China, May 10, 2016. REUTERS/Meng Meng/File Photo BEIJING (Reuters) – China’s commodity imports roared back in November as supply wor... More »

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Strong November U.S. job gains anticipated- wages seen rising

Brochures are displayed for job seekers at the Construction Careers Now! hiring event in Denver, Colorado U.S. August 2, 2017. REUTERS/Rick Wilking WASHINGTON (Reuters) – U.S. job growth likely increased at a strong clip in November and wages rebounded as the ... More »

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Volkswagen recalls 30,777 cars in Russia: standards agency

A Volkswagen logo is pictured at the International Auto Show in Mexico City, Mexico November 23, 2017. REUTERS/Henry Romero MOSCOW (Reuters) – Russia’s standards agency Rosstandart said on Friday it had been informed about the recall of 30,777 Volkswagen Polo ... More »

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Bitcoin plummets more than 12 percent to below $15,000

FILE PHOTO: A bitcoin sign is seen during Riga Comm 2017, a business technology and innovation fair in Riga, Latvia November 9, 2017. REUTERS/Ints Kalnins/File Photo TOKYO (Reuters) – Bitcoin tumbled more than 12 percent in volatile Asian trading on Friday, dr... More »

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HSBC beefs up Asia research team with 15 new hires in China

A logo of HSBC is displayed at the financial Central district in Hong Kong, China November 23, 2017. REUTERS/Bobby Yip HONG KONG (Reuters) – HSBC (0005.HK)(HSBA.L) said on Friday that it had expanded its Asian research team by hiring 15 analysts following the ... More »

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Tyson Foods raises stake in plant-based protein maker Beyond Meat

Undated handout photo of the Beyond Meat burger. REUTERS/Beyond Meat/Handout (Reuters) – Tyson Foods (TSN.N), the largest U.S. meat processor, said on Thursday it slightly raised its stake in plant-based protein maker Beyond Meat as it looks to tap growing dem... More »

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AT&T/Time Warner antitrust trial set for March

FILE PHOTO: An AT&T logo and communication equipment is shown on a building in downtown Los Angeles, California October 29, 2014. REUTERS/Mike Blake/File Photo WASHINGTON (Reuters) – The trial to determine if the U.S. Department of Justice can stop AT&T Inc’s ... More »

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Walmex expands Wi-Fi in Mexican stores, pushing online shopping

FILE PHOTO: A cashier smiles beyond a Walmart logo during the kick-off of the ‘El Buen Fin’ (The Good Weekend) holiday shopping season, at a Walmart store in Monterrey, Mexico, November 17, 2017. The sign reads “Your opinion is very important to us.” REUTERS/D... More »

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Alibaba redraws retail fault lines with bricks-and-mortar push

FILE PHOTO: A sign of Alibaba Group is seen during the fourth World Internet Conference in Wuzhen, Zhejiang province, China, December 3, 2017. REUTERS/Aly Song/File Photo HANGZHOU, China (Reuters) – In a small village shop near the eastern Chinese city of Hang... More »

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New York pension fund seeks more pay disclosure from Wells Fargo

FILE PHOTO – New York State Comptroller Thomas DiNapoli speaks during an interview with Reuters in New York, October 18, 2010. REUTERS/Brendan McDermid (Reuters) – New York state Comptroller Thomas DiNapoli is asking Wells Fargo & Co (WFC.N) to disclose more i... More »

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Oil prices fall after U.S. drillers add rigs

A driver looks at the price as he fills the tank of his car at a gas station in Shanghai, China November 17, 2017. REUTERS/Aly Song TOKYO (Reuters) – Oil fell on Monday after U.S. shale drillers added more rigs last week, but prices still held close to their h... More »

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UK’s Pendragon to sell U.S. Motor Group business

LONDON (Reuters) – British car dealership Pendragon (PDG.L) is to sell its U.S Motor Group business after concluding a strategic review following a profit warning, it said on Monday. The firm, which warned on profit in October due to a fall in demand for new c... More »

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Dollar gains on U.S. tax cut progress- Brexit deal eyed

A woman walks in strong wind caused by Typhoon Lan, past an electronic board showing the graphs of the recent movements of Japan’s Nikkei average outside a brokerage in Tokyo, Japan, October 23, 2017. REUTERS/Issei Kato SYDNEY (Reuters) – The U.S. dollar bounc... More »

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China says 2018 growth target to reflect new changes in economy

A security guard walks on the bund in front of the financial district of Pudong in Shanghai, China July 27, 2017. REUTERS/Aly Song/Files BEIJING (Reuters) – China’s economic growth target for 2018 will reflect new changes in the economy as the government put m... More »

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Shareholders sue Australia’s Crown Resorts over China marketing

FILE PHOTO: The logo of Australian casino giant Crown Resorts Ltd adorns the hotel and casino complex in Melbourne, Australia, June 13, 2017. REUTERS/Jason Reed/File Photo SYDNEY (Reuters) – Australian casino operator Crown Resorts Ltd (CWN.AX) was slapped wit... More »

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Broadcom set to unveil challenge to Qualcomm’s board: sources

FILE PHOTO: A sign to the campus offices of chip maker Broadcom Ltd, who announced on Monday an unsolicited bid to buy peer Qualcomm Inc for $103 billion, is shown in Irvine, California, U.S., November 6, 2017. REUTERS/Mike Blake/File Photo (Reuters) – Chipmak... More »

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Venezuela Maduro gains control over oil contracts amid purge

Venezuela’s President Nicolas Maduro speaks during an event with supporters in Caracas, Venezuela December 1, 2017. Miraflores Palace/Handout via REUTERS CARACAS (Reuters) – Venezuela’s President Nicolas Maduro on Sunday gained more powers over the OPEC member... More »

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U.S. equity index futures open higher after Senate passes tax bill

A trader works on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., December 1, 2017. REUTERS/Brendan McDermid NEW YORK (Reuters) – U.S. stock futures opened higher on Sunday after the U.S. Senate approved a tax overhaul bill early Saturday. ... More »

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Exclusive: Exxon eyes Egypt’s offshore oil and gas – sources

FILE PHOTO: A view of the Exxon Mobil refinery in Baytown, Texas September 15, 2008. REUTERS/Jessica Rinaldi/File Photo LONDON/VIENNA (Reuters) – Exxon Mobil (XOM.N) is considering a foray into Egypt offshore oil and gas, seeking to replicate rivals’ success i... More »

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Greece, lenders reach deal on reforms under bailout review

Greek Finance Minister Euclid Tsakalotos arrives for a cabinet meeting at the parliament in Athens, Greece June 13, 2017. REUTERS/Costas Baltas ATHENS/BRUSSELS (Reuters) – Greece and its euro zone creditors reached a preliminary deal on Saturday on reforms Ath... More »

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Political risk on Wall Street? Buy the dip!

Traders watch, as a television displays the news about former U.S. national security adviser Michael Flynn, at the New York Stock Exchange, (NYSE) in New York, U.S., December 1, 2017. REUTERS/Brendan McDermid SAN FRANCISCO (Reuters) – An abrupt stock selloff o... More »

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Euro holds line at $1.19 as investment prospects brighten

The German Central Bank (Bundesbank) presents the 50 euro banknote at its headquarters in Frankfurt, Germany, March 16, 2017. REUTERS/Kai Pfaffenbach LONDON (Reuters) – The euro edged higher for a third consecutive day on Friday as investment flows propped up ... More »

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China cracks down on online micro-lending firms with new rules

BEIJING (Reuters) – China’s financial regulators on Friday circulated new rules to local governments targeting a rampantly growing online micro-lending sector, part of a campaign to rein in its rapidly developing financial sector. A top-level multi-ministry bo... More »

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Canada stock futures little changed ahead of economic data

The Toronto Stock Exchange sign is seen in Toronto, Ontario, Canada July 6, 2017. REUTERS/Chris Helgren (Reuters) – Canada’s main stock index futures were little changed on Friday as investors awaited GDP and jobs data. The gross domestic product report, due a... More »

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Senate tax bill stalls on deficit-focused ‘trigger’

Demonstrators gather outside the U.S. Capitol to protest the Republican tax plan as it works through the Senate in Washington November 30, 2017. REUTERS/James Lawler Duggan WASHINGTON (Reuters) – The U.S. Senate on Thursday delayed voting on a Republican tax o... More »

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Markets ignore best European factory data in 17 years

A man looks at a stock quotation board outside a brokerage in Tokyo, Japan, April 18, 2016. REUTERS/Toru Hanai LONDON/MILAN (Reuters) – European shares fell on Friday despite strong euro zone factory data, after a delay to a keenly awaited U.S. tax reform bill... More »

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India’s Wipro faces lawsuit from National Grid US

Abidali Neemuchwala, Wipro’s chief executive, addresses the media during a briefing to announce the company’s quarterly results at its headquarters in Bengaluru, India, April 20, 2016. REUTERS/Abishek Chinnappa (Reuters) – Wipro Ltd (WIPR.NS), India’s No.3 sof... More »

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Deficit doubts on tax bill cool Wall Street rally

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., November 30, 2017. REUTERS/Brendan McDermid (Reuters) – U.S. stock futures pointed to a reversal of some of this week’s gains for Wall Street on Friday as a delay in voting on a... More »

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U.S.-listed Chinese financial firms drop as China sets new rules

The Qudian app logo is seen on a smartphone in an illustration photo taken in Beijing, China December 1, 2017. REUTERS/Jason Lee/Illustration (Reuters) – U.S.-listed shares of Chinese financial firms slipped in premarket trade on Friday after Reuters reported ... More »

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Germany removes Tesla from subsidies list as too pricey

FILE PHOTO: A Tesla Model X is seen alongside a Model S at a Tesla electric car dealership in Sydney, Australia May 31, 2017. REUTERS/Jason Reed/File Photo BERLIN (Reuters) – A German government agency has removed Tesla from the list of electric cars eligible ... More »

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Oil prices rise after OPEC extends output curbs

A oil pump is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017 . REUTERS/Christian Hartmann LONDON (Reuters) – Oil prices rose on Friday, following an agreement by OPEC and other major producers to extend output curbs until the end... More »

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EU states set to haggle over blacklist of 20 tax havens

European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium June 14, 2017. REUTERS/Francois Lenoir BRUSSELS (Reuters) – European Union finance ministers will decide on Tuesday on the composition of an EU blacklist of tax havens tha... More »

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Too cold for a theme park, Disney looks to toy stores in Russia

An interior view shows the first Disney store opened on Friday in Moscow, Russia, December 1, 2017. REUTERS/Tatyana Makeyeva MOSCOW (Reuters) – Though too cold for a theme park, Russia’s underserved toy market makes it an attractive business prospect for Walt ... More »

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Global manufacturing buoyed as focus shifts to rate hikes

A manufacturer displays camera housing during the China Public Security Expo in Shenzhen, China October 30, 2017. Picture taken Octoberr 30, 2017. REUTERS/Bobby Yip LONDON/HONG KONG (Reuters) – Global manufacturing expanded at the fastest pace in years last mo... More »

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Uber’s use of encrypted messaging may set legal precedents

FILE PHOTO: Uber’s logo is pictured at its office in Tokyo, Japan, November 27, 2017. REUTERS/Kim Kyung-Hoon/File Photo SAN FRANCISCO (Reuters) – Top executives at Uber Technologies Inc used the encrypted chat app Wickr to hold secret conversations, current an... More »

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Qualcomm files new patent infringement complaints against Apple

A sign on the Qualcomm campus is seen, as chip maker Broadcom Ltd announced an unsolicited bid to buy peer Qualcomm Inc for $103 billion, in San Diego, California, U.S. November 6, 2017. REUTERS/Mike Blake (Reuters) – Qualcomm Inc (QCOM.O) said on Thursday it ... More »