Insurers are counting on real-time technology to help them cut back payouts, from a system warning ships of nearby pirates to an app offering to buy sleepy drivers a coffee on the motorway. More »
U.S. defense contractor Northrop Grumman Corp (NOC.N) said on Monday it would buy missile and rocket maker Orbital ATK Inc (OA.N) for about $7.8 billion in cash, giving it access to lucrative contracts with NASA and the U.S. Army. More »
Contractors for U.S. commercial construction are optimistic about the industry's health in the next 12 months though finding skilled labor still poses challenges, according to a third-quarter survey released on Monday. More »
Cadwalader, Wickersham & Taft LLP said on Monday that it hired former U.S. Federal Trade Commission (FTC) attorney Bilal Sayyed to strengthen the law firm's antitrust practice. More »
Portugal's 10-year bond yield hit its lowest level since January 2016 on Monday, driven by the country regaining an investment grade credit rating after 5-1/2 years, effectively drawing a line under its debt crisis. More »
U.S. crude oil prices slipped below $50 per barrel on Monday but stayed close to multi-month highs amid a drop in shale drilling and as refineries continued to restart after Hurricane Harvey. More »
France's economic recovery is strong enough for the government to be able to cut spending and the deficit without growth being affected, the budget and finance ministers said on Monday. More »
World stocks hit another record high on Monday and the dollar reached an eight-week peak against the yen on expectations the U.S. Federal Reserve will unveil plans this week to trim its bloated balance sheet. More »
Nokia (NOKIA.HE) will start to book additional revenue from the current quarter after a ruling by an arbitration court on payments from South Korea's LG Electronics (066570.KS) for using its smartphone patents. More »
Software startup Slack Technologies Inc said it raised $250 million from SoftBank Group Corp (9984.T) and other investors in its latest funding round, boosting the company's valuation to $5.1 billion. More »
Morgan Stanley plans to bring its mortgage origination business in-house to improve customer service and generate more business, two people familiar with the matter told Reuters on Friday. More »
While U.S. corporate pensions regained some swagger after Wall Street’s record run this summer, they are still far from their heyday before the 2007-2009 credit crunch when they appeared to be in great shape to meet retirement obligations. More »
The dollar rose on Monday and world shares climbed back towards record highs, on relief that North Korea did not conduct a further missile test at the weekend when it celebrated its founding anniversary. More »
Oil prices edged lower on Monday on concerns that Hurricane Irma's pounding of heavily populated areas of Florida could dent oil demand in the world's top oil consuming nation. More »
European shares rose on Monday, led by insurers as the downgrade of Hurricane Irma in the United States raised the prospect that costs for the industry may be lower than initially feared. More »
Daimler's (DAIGn.DE) Chief Executive Dieter Zetsche on Monday said Mercedes-Benz will offer electric versions of all its models by 2022, converting its Smart city car brand to become fully electric. More »
The dollar edged higher on Monday after posting its biggest weekly drop in two months as a decline in risk aversion spurred some investors to cover their short positions before U.S. inflation data later this week. More »
European Central Bank policy will remain accommodative for longer than in previous cases of demand shock, likely limiting the negative impact of the euro's appreciation, ECB Executive Board member Benoit Coeure said on Monday. More »
China's central bank issued a statement on Monday on the implementation of U.N. Security council resolutions without specifying which resolutions or the affected parties. More »
As Hurricane Irma battered Florida, the cream of the insurance world -- gathered under the Mediterranean sun in Monte Carlo -- was assessing the costs of the storm for the global industry. More »
India has won a price cut on a 20-year liquefied natural gas (LNG) deal with global giant ExxonMobil Corp (XOM.N) in a rare contract renegotiation, a bad sign for producers in a heavily oversupplied global market. More »
Apple Inc (AAPL.O) will launch an expected "iPhone 8" on Tuesday, hoping the number's auspicious connotations in China will help turn around fortunes in the world's biggest smartphone market after six quarters of falling sales. More »
Oil prices edged up on Monday after the Saudi oil minister discussed possibly extending a pact to cut global oil supplies beyond March 2018 with his Venezuelan and Kazakh counterparts. More »
London remains the globe's most attractive financial center, extending its lead over New York despite Britain's looming departure from the European Union, a survey found on Monday. More »
CBS Corp (CBS.N) will pay at least A$201.1 million ($162 million) in cash to buy Australian broadcaster Ten Network Holdings (TEN.AX), according to documents released on Monday by Ten's administrator. More »
The first global standard for investors to compare how much capital insurers from different countries hold to keep policies safe is caught in a transatlantic tussle, casting doubt on whether it is practical, industry and regulatory officials say. More »
The U.S. dollar won a reprieve from risk aversion on Monday after North Korean dictator Kim Jong Un decided to hold a party over the weekend rather than launch another missile, tempering safe havens such as the yen and Treasuries. More »
Insurers are scrambling to find inspectors in Texas and Florida after fierce hurricanes battered the states one after the other, causing tens of billions of dollars' worth of property damage in less than two weeks. More »
China's new-energy auto firms saw shares surge in Monday morning trade, extending recent strong gains, after a government official said over the weekend that China had begun looking at a ban on traditional petrol-engine cars. More »
The chief executive of Russian oil giant Rosneft (ROSN.MM) said on Sunday his company was not seeking the frozen assets of Sistema as it presses its multi-billion dollar lawsuit against the business conglomerate. More »
Europe's regulators are competing to hire risk specialists to prepare for an influx of banks escaping Brexit, nudging up salaries and stretching staff budgets. More »
France, Germany, Italy and Spain want digital multinationals like Amazon and Google to be taxed in Europe based on their revenues, rather than only profits as now, their finance ministers said in a joint letter. More »
A group including Bain Capital and South Korea's SK Hynix (000660.KS) has raised its offer for Toshiba Corp's (6502.T) chip business to 2.4 trillion yen ($22.3 billion) including a 200 billion yen investment in infrastructure, sources familiar with the matter ... More »
Euro zone inflation could rise back the European Central Bank's target of almost 2 percent in 2020 as ECB President Mario Draghi predicted on Thursday, Latvian central bank chief Ilmars Rimsevics told a news conference on Friday. More »
The European Central Bank will maintain its ultra-easy policy stance until it is happy with the path of inflation in the euro zone, ECB's policymaker Philip Lane said, citing a new round of cheap loans to banks as one of the available tools. More »
Oil prices steadied on Friday after almost a week of sharp rises as Hurricane Irma, one of the most powerful storms in a century, drove towards Florida after tearing through the Caribbean. More »
The European Central Bank should be careful not to miss the right moment to tweak its policy stance, Bundesbank President Jens Weidmann, one of the ECB's top critics, said on Friday. More »
UBS Group's (UBSG.S) asset management unit said on Thursday it aims to launch its first Chinese private fund by the end of the year, as Europe's fourth-biggest money manager seeks a slice of China's fast-growing, 10 trillion yuan ($1.54 trillion) private fund ... More »
China's economy continues to defy expectations for a slowdown, buoyed by strong global demand for its exports and a resilient property market - despite a government pledge to crack down on rising risks. More »
The world's largest oilfield services company, Schlumberger NV (SLB.N), is spending billions of dollars buying stakes in its customers' oil and gas projects - investing in the same ventures it supplies with equipment and expertise. More »
Venezuelan President Nicolas Maduro said on Thursday his cash-strapped country would seek to "free" itself from the U.S. dollar next week, using the weakest of two official foreign exchange regimes and a basket of currencies. More »
European Central Bank policymakers meeting on Thursday were in broad agreement that their next step will be reducing their bond purchases and discussed four options, two sources with direct knowledge of the discussion said. More »
European shares traded lower on Friday across most exchanges and sectors, failing to get support from subdued sessions in Asia and on Wall Street, and as the euro's rally dims appetite for regional stocks. More »
Britain's manufacturing output expanded at the strongest pace this year in July, but there was little sign of improvement in the trade deficit despite sterling's sharp fall since last year's Brexit vote. More »
Carlsberg (CARLb.CO) is keen on expanding its stake in Habeco BHN.HM, one of Vietnam's biggest brewers, to at least 51 percent, a local news website reported, citing a Habeco executive. More »
Greek Prime Minister Alexis Tsipras urged French businesses on Friday to invest in Greece, as it emerges from crisis, and assured them that they would not regret it. More »
The dollar remained mired near its lowest levels since early 2015 as European Central Bank President Mario Draghi's suggestion that it may begin tapering its massive stimulus programme this autumn continued to underpin the euro. More »
Oil and petrochemical plants along the U.S. Gulf Coast intend to go ahead with plans for near record spending on expansions next year, despite Hurricane Harvey driving up labor costs and slowing work, experts said. More »
The unexpected resignation of America's No. 2 central banker on Wednesday only complicates decision-making by global investors and business leaders already worried that international economic expansion may be short-lived, according to U.S. money manager Richar... More »
Toymaker Lego announced plans to lay off 8 percent of its workforce as it reported a 5 percent fall in mid-year revenue. More »
Germany's services enjoyed vibrant activity in August, pushing up price pressures in the sector and boosting overall private sector growth, a survey showed on Tuesday, suggesting that a solid upswing in Europe's biggest economy is set to continue. More »
Nigeria's economy grew out of recession in the second quarter of 2017, expanding 0.55 percent year-on-year, the statistics office said on Tuesday. More »
Egypt's tourism revenues jumped by 170 percent in the first seven months of 2017, reaching $3.5 billion, a government official told Reuters. More »
European shares crept higher on Tuesday, brushing off geopolitical tension as attention turned to deal-making after Aveva's tie-up with Schneider Electric. Financials and health stocks underpinned broader gains. More »
Hong Kong needs to find new ways to attract so-called new-economy companies to stay competitive, Charles Li, chief executive of bourse operator Hong Kong Exchanges & Clearing Ltd (HKEX) (0388.HK), told Reuters on Tuesday. More »
U.S. oil prices rose on Tuesday as the gradual restart of refineries in the Gulf of Mexico that were shut by Hurricane Harvey raised demand for crude, their main feedstock. More »
Commonwealth Bank of Australia (CBA.AX) was hit on Tuesday with potentially Australia's biggest class-action lawsuit over a money-laundering scandal that has already smashed its share price and exposed it to billions of dollars in fines. More »
British new car sales fell by between 6 and 7 percent year-on-year in August, according to preliminary data released by an industry body on Tuesday. More »
Asian shares eked out small gains on Tuesday as expectations that Beijing will maintain support for its economy ahead of a key congress supported Chinese stocks and metals prices, but worries about North Korea kept many investors on edge. More »
Novartis (NOVN.S) CEO Joe Jimenez will step down on Feb. 1 and hand over to drug development chief Vas Narasimhan to decide the fate of $50 billion in assets and make good on a pledge to return the Swiss company to sales growth. More »
McDonald's Corp said Monday its Korea unit is cooperating with an investigation by the South Korean government into a possible food contamination case that led to the company halting sales of its bulgogi burger. More »
The recipe for a record-breaking guacamole? 25,000 avocados and 1,000 people to mash them. More »
A planned index fund is hoping to "make America great again" by investing in companies that support the Republican Party. More »
Oil prices dipped on Wednesday but gasoline spiked to its highest since mid-2015 as flooding in the wake of Hurricane Harvey knocked out almost a quarter of U.S. refineries, crimping demand for crude but raising fears of fuel shortages. More »
Ratings firm DBRS said Wednesday it was "very unlikely" its rating for Spain would be immediately damaged by the rich Catalonia region voting for independence in October's disputed referendum. More »
Investors piled back into European stocks on Wednesday, boosting indexes higher in a relief rally after geopolitical concerns caused a sharp dip across equity markets. More »
Japan's Sharp Corp (6753.T) said on Wednesday it has requested the U.S. International Trade Commision to investigate Hisense Group Co Ltd, escalating a dispute in which it has accused the Chinese firm of patent infringement. More »
Australian construction spending boasted its biggest rise on record last quarter as miners splashed out on major engineering projects, a surprise that could lift economic growth well above initial expectations. More »
At a state-of-the-art plant in northern Nigeria, shiny machines stand next to a conveyor belt ready to crush tomatoes to satisfy the country's insatiable demand for tomato paste. More »
Lebanon has begun reforms to repair its fragile economy after years of paralysis in decision-making but is under pressure to do more to prevent its rising debt spinning out of control. More »
Evolva (EVE.S) is cutting 43 percent of its workforce, paring locations and jettisoning additional management by year's end as the Swiss-based sugar substitute maker seeks to arrest widening losses, it said in a statement on Wednesday. More »
The dollar rebounded from a 2-1/2-year low on Wednesday, and Asian stocks took their cue from Wall Street's stronger close, as concerns about North Korea's firing of a missile over Japan ebbed. More »
Mexican billionaire Carlos Slim's America Movil said on Tuesday that it had complied with a Colombian arbitration ruling ordering it to pay the government $1.08 billion for wireless telecommunication assets used in the South American nation. More »
American Express Co is unveiling a new option that could tempt young, budget-conscious consumers into taking on credit card debt. More »
Miner Glencore PLC (GLEN.L) said on Monday it has kicked off a bid to sell its Rolleston thermal coal mine in Australia, together with its joint venture partners, Japanese trading houses Itochu Corp (8001.T) and Sumitomo Corp (8053.T). More »
Oil markets were roiled on Monday after Hurricane Harvey wreaked havoc along the U.S. Gulf coast over the weekend, crippling Houston and its port, and knocking out numerous refineries as well as some crude production. More »
Many German businesses are beginning to shift investments away from Britain in anticipation of increased trade barriers after Brexit, the chief of the DIHK Chambers of Industry and Commerce said on Monday. More »
Zhang Yang, a businessman from Chongqing in southwest China, is searching online forums for fellow stout-hearted entrepreneurs willing to cast aside security concerns and join him on a scouting mission to Pakistan. More »
Japan wants Britain's exit from the European Union to be predictable and transparent so that Japanese companies can continue to operate smoothly in the country, a senior government official said on Monday. More »
Commonwealth Bank of Australia (CBA.AX), the nation's biggest lender, has been hit with a public inquiry into its governance and culture - the second regulatory probe to be launched this month after it was accused of massive breaches of money-laundering rules. More »
Japan's government maintained its moderately optimistic view on the economy on Monday, signaling that a pick-up in private consumption and capital expenditure was underpinning a solid economic recovery. More »
U.S. gasoline futures rose to a two-year high on Monday as Tropical Storm Harvey pummeled the heart of America's energy sector, while the euro hit a 2-1/2-year peak after the European Central Bank president refrained from talking down the currency. More »
India's economic growth likely accelerated to 6.6 percent in the quarter just ended, but analysts polled by Reuters are sounding increasingly worried that confusion over a new goods and services tax will dampen activity in coming months. More »
Chinese conglomerate Dalian Wanda Group said on Monday a report claiming its billionaire chairman, Wang Jianlin, was prevented from leaving the country was "groundless" and that it planned to take legal action. More »
A hurricane in the heart of the U.S. energy industry is set to curtail near-record U.S. oil production for several weeks, with the impact expected to reverberate throughout the country and across international energy markets. More »
U.S. President Donald Trump renewed his threat to scrap NAFTA and ripped on trading partners Canada and Mexico in a tweet early on Sunday, days before the three countries were scheduled to hold a second round of negotiations on rewriting the 23-year-old agreem... More »
American International Group Inc's (AIG.N) new Chief Executive Brian Duperreault has pledged to revive the insurer's glory days of top talent, underwriting discipline and fat profit margins. More »
U.S. small-cap stocks, highly sensitive to the fate of President Donald Trump's policy ambitions, may face more selling pressure, leaving small-cap investors scrambling for quality names and more resilient sectors. More »
Investors have been piling into currency-hedged equity tracker funds, seeking protection against big moves in foreign exchange rates. More »
Investors battered U.S.-based stock funds with the largest withdrawals this year as wild trading disrupted the market's summertime calm, Investment Company Institute (ICI) data showed on Wednesday. More »
Four mutual fund companies have marked down their investments in Uber Technologies Inc [UBER.UL] by as much as 15 percent following a scandal-ridden year for the ride-hailing company. More »
Middle East investment companies are ramping up their lending to businesses, providing a lifeline for small and medium-sized firms struggling to secure finance from banks that tightened credit after a suffering rise in bad loans. More »
Asian shares were fragile on Monday as investors remained unconvinced about U.S. President Donald Trump's ability to fulfill his economic agenda, even as the departure of his controversial policy strategist raised hopes of some progress. More »
Investors worried about lofty stock-market valuations may take comfort in signs that companies in the benchmark S&P 500 index are padding their bottomlines less than they have in previous years. More »
Confidence at Japanese manufacturers rose in August to its highest level in a decade led by producers of industrial materials, a Reuters poll showed, in a further sign of broadening economic recovery. The Reuters' monthly poll - which tracks the Bank of Japan'... More »
Oil markets were stable on Monday, largely holding on to Friday's big gains even though rising U.S. output weighed on hopes the market will tighten after a 13 percent fall in U.S. crude inventories since March. More »
U.S. President Donald Trump is eyeing Afghanistan's mineral wealth to help pay for a 16-year war and reconstruction efforts that have already cost $117 billion. Investors who have studied the country, one of the world's most dangerous, say that is a pipe dream... More »
A money laundering probe at Commonwealth Bank of Australia (CBA.AX) is the latest in a slew of scandals denting the reputation of Australian banks as simple, reliable lenders at the forefront in the battle against financial crime. More »
Britain will not rule out the possibility that the European Union may retain oversight of customs controls at UK borders after it leaves the bloc, as the country seeks ways to keep unhindered access to EU markets following Brexit. More »
I'm here to send you the regards of the Federal Chancellor. I am entitled to tell you we want you in Germany. This private message from Angela Merkel, delivered by a regional politician to Wall Street bankers last year, is having the desired effect. More »
