(Reuters) – The U.S. Environmental Protection Agency and the Justice Department said a federal appeals court should reverse a lower court verdict finding Bayer AG liable in the case of a California man who blamed its Roundup weed killer for his cancer. The gov... More »
SEATTLE/CAPE CANAVERAL (Reuters) – Boeing Co’s (BA.N) stunted Friday debut of its astronaut capsule threatens to dent the U.S. aerospace incumbent’s self-declared competitive advantage of mission reliability against the price and innovation strengths of “new s... More »
(Reuters) – The U.S. securities regulator has asked at least two trading firms for information regarding a broad investigation into initial public offerings and direct listings going back five years on the New York Stock Exchange, a person familiar with the ma... More »
BOGOTA (Reuters) – Colombia on Friday ordered Uber (UBER.N) to cease its ride-hailing operations in the Andean country, effective immediately, after a judge ruled the company violated competition rules. Following a lawsuit filed against Uber by COTECH SA, the ... More »
CAPE CANAVERAL, Fla. (Reuters) – Boeing Co (BA.N) is set to launch its new astronaut capsule on Friday on its first unmanned journey to the International Space Station, a milestone test for the U.S. aerospace firm that is vying with SpaceX to revive NASA’s hum... More »
MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador said on Tuesday that he met with AT&T Inc (T.N) Chief Executive Randall Stephenson, who assured him the telecommunications firm will continue investing and strengthening its operations in Me... More »
STOCKHOLM (Reuters) – Appliance maker Electrolux AB (ELUXb.ST) said on Sunday its North American business would take a higher than forecast $70 million earnings hit in the fourth quarter, partly due to extra costs related to its move into a new facility in Sou... More »
STOCKHOLM (Reuters) – H&M (HMb.ST) reported a slightly smaller-than-expected rise in fourth-quarter sales reflecting a later Black Friday this year, the world’s second-biggest fashion retailer said on Monday. Net sales rose 9% to 61.7 billion crowns ($6.41 bil... More »
JAKARTA (Reuters) – Indonesia expects to sign more deals with the United Arab Emirates in the energy, health and education sectors during a visit to the country next month by President Joko Widodo, a ministry statement released on Monday said. The Indonesian g... More »
SINGAPORE (Reuters) – Oil prices on Monday slid off near three-month highs hit last week as investors searched for clarity beyond the initial impact of a trade deal between the United States and China that’s expected to boost flows between the top two global e... More »
WASHINGTON (Reuters) – The “phase one” U.S.-China trade deal will nearly double U.S. exports to China over the next two years and is “totally done” despite the need for translation and revisions to its text, U.S. Trade Representative Robert Lighthizer said on ... More »
BEIJING/SINGAPORE (Reuters) – China and the United States have agreed terms of a “phase one” trade deal under which Washington reduced some tariffs and Beijing canceled retaliatory duties that were previously scheduled to take effect on Dec. 15. Before Sunday’... More »
SYDNEY (Reuters) – Budget airline Jetstar is cutting domestic capacity by around 10% in January and weighing the sale of three Boeing 787-8 jets to counter industrial action by its pilots that the Australian carrier expects will cost it up to A$25 million ($17... More »
SYDNEY (Reuters) – Qantas Airways Ltd (QAN.AX) plans to have more experienced pilots on board the world’s longest non-stop flights than on its current long-haul flights for the first 18 months as it evaluates fatigue, said sources with knowledge of the matter.... More »
SHANGHAI (Reuters) – Asian shares hit their highest in nearly eight months on Monday after the United States and China agreed on a preliminary trade deal, with Australian shares leading the way on expectations of more easing of monetary policy there. European ... More »
BEIJING (Reuters) – Growth in China’s industrial and retail sectors beat expectations in November, as government support propped up demand in the world’s second-largest economy and amid easing trade hostilities with Washington. The set of upbeat figures releas... More »
BEIJING (Reuters) – China and the United States should continue bilateral trade talks and work toward removing all existing tariffs, China’s National Bureau of Statistics spokesman Fu Linghui said on Monday. Fu also told reporters during a briefing that China’... More »
TOKYO (Reuters) – Senior Japanese and South Korean trade officials met on Monday for the first time since Japan imposed controls on exports to its neighbor of high-technology materials, plunging testy relations between the U.S. allies into a new crisis. Japan ... More »
BEIJING (Reuters) – China’s new home prices grew at their weakest pace in nearly two years in November while property investment also eased, with tightening policies continuing to cool the market even as some local easing is expected to prevent a sharp slowdow... More »
PARIS (Reuters) – Walt Disney Co (DIS.N) will launch its Disney+ streaming service on Vivendi SA’s (VIV.PA) pay-TV business Canal+ platform by the end of March next year, executives of the two groups said in a joint interview released in the daily Les Echos on... More »
BERLIN (Reuters) – Trade union Verdi called for workers at a key Amazon (AMZN.O) logistics center in Germany to go on strike over the crucial final shopping days before Christmas, demanding better pay and conditions for workers there. Unions have staged repeat... More »
BRUSSELS (Reuters) – Telenor (TEL.OL) reiterated on Sunday Huawei would be involved in building Norway’s 5G network along with Ericsson (ERICb.ST), one of several companies to continue working with the Chinese company despite U.S. pressure. Still, on Friday, t... More »
(Reuters) – Bristol-Myers Squibb Co on Friday said it won a $752 million jury verdict against Gilead Sciences Inc in a U.S. patent dispute relating to technology for treating cancer. A jury in Los Angeles awarded the damages after finding that Yescarta, a trea... More »
LONDON (Reuters) – 1/AFTER PHASE ONE COMES PHASE TWO U.S. President Donald Trump and Chinese officials have agreed to a “phase one” trade deal that includes cutting U.S. tariffs on Chinese goods. Washington has agreed to suspend tariffs on $160 billion in Chin... More »
WASHINGTON (Reuters) – The U.S. auto safety agency said Friday it will investigate a 12th Tesla crash that may be tied to the vehicle’s advanced Autopilot driver assistance system after a Tesla Model 3 rear-ended a parked police car in Connecticut on Saturday.... More »
(Reuters) – T-Mobile US Inc Chief Executive John Legere testified on Friday that he believes U.S. regulators considered Dish Network’s history of attempting to build a wireless network when they approved the merger between T-Mobile and Sprint Corp. A group of ... More »
BRUSSELS (Reuters) – Austrian privacy activist Max Schrems’ seven-year battle against Facebook reaches a crucial point on Dec. 17 when an adviser to Europe’s top court will issue his view on whether tools used by companies to transfer data abroad are legal or ... More »
WASHINGTON (Reuters) – The chair of a U.S. congressional panel wrote to Alphabet’s (GOOGL.O) Google and to Apple (AAPL.O) on Friday to ask what if any disclosures mobile apps are required to make regarding overseas ties, a concern that follows reports of Chine... More »
(Reuters) – Shares of Sarepta Therapeutics Inc (SRPT.O) soared 31% on Friday after U.S. regulators shocked Wall Street by approving the company’s treatment for a muscle-wasting disorder less than four months after rejecting the drug over safety concerns. The F... More »
FRANKFURT (Reuters) – The European Central Bank left policy unchanged at new ECB President Christine Lagarde’s first meeting on Thursday, keeping money taps wide open and further stimulus ready as the euro zone economy continues to suffer from broader global t... More »
CHICAGO (Reuters) – Delta Air Lines Inc (DAL.N) sees another annual rise in profit and revenue in 2020 driven by what Chief Executive Ed Bastian called a growing interest in air travel by consumers across the generational spectrum. “People are more inspired to... More »
PARIS (Reuters) – Sanofi (SASY.PA) said on Monday it had agreed to buy California-headquartered biotechnology firm Synthorx in a cash deal worth about $2.5 billion aimed at beefing up the French drugmaker’s pipeline of drugs for cancer and auto-immune disorder... More »
BERLIN (Reuters) – Germany’s exports rose unexpectedly in October, a morale boost for Europe’s largest economy, which has been teetering on the brink of recession over recent quarters. The 1.2% rise in exports raises hopes that the economy can avoid contractin... More »
(Reuters) – Tullow Oil Plc (TLW.L) on Monday said its Chief Executive Officer Paul McDade has resigned and the oil and gas explorer also scrapped its dividends, as it continues to face issues at its main producing assets in Ghana. The company has been facing p... More »
TOKYO (Reuters) – Oil prices fell on Monday after data showed that Chinese exports declined for a fourth straight month, sending shivers through a market already concerned about damage being done to global demand by the Sino-U.S. trade war. Brent futures LCOc1... More »
BEIJING (Reuters) – China said on Monday that it hoped to make a trade deal with the United States as soon as possible, amid intense discussions before fresh U.S. tariffs on Chinese imports are due to kick in at the end of the week. Beijing hopes it can reach ... More »
JOHANNESBURG (Reuters) – South African Airways (SAA) had to be placed on “business rescue” because there was no other viable and financially workable option to secure a credible future for the state-owned airline, President Cyril Ramaphosa said on Monday. SAA ... More »
(Reuters) – Goldman Sachs raised its oil price forecasts for 2020, citing tighter-than-expected inventories after the Organization of the Petroleum Exporting Countries (OPEC) and its allies agreed to deepen oil output cuts through the first quarter of next yea... More »
LONDON (Reuters) – Turnover on some of the world’s biggest currency-trading venues has dropped as falling market volatility prompts some global banks to route more volumes onto their internal platforms, the Bank for International Settlements said in a quarterl... More »
TOKYO (Reuters) – Japan’s service sector sentiment improved slightly in November, recovering from a multi-year low hit in the previous month when a sales tax hike and a huge typhoon hit business morale. The survey of workers such as taxi drivers, hotel workers... More »
SYDNEY (Reuters) – Asian stocks edged up on Monday, catching some of Wall Street’s momentum after surprisingly strong U.S. jobs data, although regional gains were capped by concerns about China’s economic slowdown due to the prolonged Sino-U.S. trade war. Japa... More »
(Reuters) – House Democrats and U.S. Trade Representative Robert Lighthizer are nearing a deal to pass a revised version of the United States-Mexico-Canada Agreement, the Wall Street Journal reported late on Sunday, citing people familiar with the matter. “We ... More »
WASHINGTON (Reuters) – A new analysis of where “innovation” jobs are being created in the United States paints a stark portrait of a divided economy where the industries seen as key to future growth cluster in a narrowing set of places. Divergence in job growt... More »
NEW YORK (Reuters) – Shoemaker Skechers USA Inc (SKX.N) is expected to post earnings growth on pace with Nike Inc (NKE.N) over the next three years, giving its relatively low valuation a chance of catching up, financial newspaper Barron’s reported in its Dec. ... More »
MEXICO CITY (Reuters) – Mexico would accept a U.S. demand on steel in the United States-Mexico-Canada Agreement if the rule took effect at least five years after the trade pact’s ratification, Mexican Foreign Minister Marcelo Ebrard said on Sunday. Mexican law... More »
NEW YORK (Reuters) – Shares of Capital One Financial Corp (COF.N) could climb significantly if investors look beyond its well-known credit card arm to see the bank within it, according to Barron’s Dec. 7 edition. The U.S. weekly newspaper said Capital One is p... More »
WASHINGTON (Reuters) – Friday’s booming U.S. jobs report should give the Federal Reserve all it needs to stick to its plan not to cut interest rates further in the near future, so when U.S. central bankers meet this week, most of the focus will be on their out... More »
SIMI VALLEY, Calif. (Reuters) – Amazon.com Inc founder Jeff Bezos said it would support the U.S. Department of Defense as technology companies vie for more defense contracts and the Pentagon seeks to modernize itself. “We are going to support the Department of... More »
WASHINGTON (Reuters) – Swedish mobile telecoms company Ericsson (ERICb.ST) has agreed to pay over $1 billion to resolve probes into corruption, including the bribing of government officials, the U.S. Department of Justice said on Friday. The bribery took place... More »
LOS ANGELES (Reuters) – Tesla Inc boss Elon Musk emerged victorious on Friday from a closely watched defamation trial as a federal court jury swiftly rejected the $190 million claim brought against him by a British cave explorer who Musk had branded a “pedo gu... More »
((This December 6 story is refiled to fix typo in quote in paragraph nine)) By Tom Hals (Reuters) – Elon Musk’s daring has left its mark on electric cars and rockets, and now experts say the entrepreneur may have reshaped U.S. defamation law with his willingne... More »
(This Dec. 5 story corrects first paragraph to say growth was slower not declined in previous years, removes reference to projected spending in eighth paragraph) (Reuters) – U.S. healthcare spending grew faster in 2018 after two slower growth years, a governme... More »
LOS ANGELES (Reuters) – A U.S. District Court jury in Los Angeles on Friday found in favor of Tesla Inc (TSLA.O) boss Elon Musk in the defamation lawsuit brought against him by a British cave explorer who Musk had branded a “pedo guy” on Twitter. The verdict w... More »
WASHINGTON (Reuters) – The chairman of the House Transportation and Infrastructure Committee urged Uber Technologies Inc to take action after the company disclosed on Thursday it received over 3,000 reports of sexual assault related to its 1.3 billion rides in... More »
LONDON/RIYADH (Reuters) – Saudi Aramco is looking to buy insurance against war and terror attacks after a damaging drone and missile attack on some of its oil facilities in September, two sources told Reuters. Aramco, the world’s largest oil company, has been ... More »
NEW YORK (Reuters) – Monday’s slide in U.S. stocks prompted at least one large investors to load up big on stock options that would guard against a sharper hit to stocks into the start of next year. Shortly after the market opened on Monday, an investor paid a... More »
ROME (Reuters) – Prime Minister Giuseppe Conte told parliament on Monday a contested reform of the euro zone’s bailout fund was in Italy’s national interest, but that it should only be adopted as a package alongside other measures. A reform of the European Sta... More »
BOSTON (Reuters) – As U.S. corporate jet use approaches pre-financial crisis levels and chief executives take an increasing number of personal trips on the company tab, many investors are being kept in the dark about the true cost of the perk. For the S&P 500 ... More »
LONDON (Reuters) – Oil jumped above $61 a barrel on Monday, supported by hints that OPEC and its allies may agree to deepen output cuts at a meeting this week and as rising manufacturing activity in China suggested stronger demand. The Organization of the Petr... More »
LONDON (Reuters) – British manufacturers cut jobs last month at the fastest rate since 2012, a survey showed on Monday, as pressures from Brexit and a global trade slowdown caused the sector’s longest decline since the financial crisis. The IHS Markit/CIPS man... More »
(Reuters) – A trade deal between United States and China was now “stalled because of Hong Kong legislation”, news website Axios reported on Sunday, citing a source close to U.S. President Donald Trump’s negotiating team. The deal was stalled also because time ... More »
(Reuters) – Private equity firm Silver Lake on Monday named company veterans Egon Durban and Greg Mondre to the newly formed roles of co-chief executive officers. The firm, which manages over $43 billion in combined assets, said Durban and Mondre, who were man... More »
LONDON (Reuters) – Euro zone manufacturing activity contracted for a 10th straight month in November although the bloc’s battered factories may have turned a corner as forward-looking indicators in Monday’s survey appear to have passed a nadir. IHS Markit’s fi... More »
SHANGHAI (Reuters) – China on Sunday put into effect new regulations that require Chinese telecom carriers to scan the faces of users registering new mobile phone services, a move the government says is aimed at cracking down on fraud. The rules, first announc... More »
LONDON (Reuters) – Stock markets rebounded on Monday as decent manufacturing data in China and renewed optimism over a trade deal eroded some of the jitters which emerged among investors last week. The recovery in Europe followed gains in Asia, where share pri... More »
HONG KONG (Reuters) – China has appointed a slate of new officials to head the world’s top gambling hub of Macau, changing key roles including the city’s economy and justice secretaries. The appointments in Macau, a special administrative region of China, come... More »
LONDON (Reuters) – A wave of social unrest across developing countries this year has caught many investors off-guard and is challenging models designed to gauge political risk for investors, prompting some to pull money out. That has led to worries that a with... More »
BERLIN (Reuters) – Germany’s export-dependent manufacturing sector contracted at a slower pace for the second month in a row in November, a survey showed on Monday, as companies sounded optimistic about their future business. IHS Markit’s Purchasing Managers’ ... More »
SINGAPORE (Reuters) – The United States’ economic outperformance will wane, the dollar will probably weaken and growth next year can be expected from emerging markets, UBS Asset Management said on Monday, the latest money manager to turn bullish on the sector.... More »
YOKOHAMA (Reuters) – Nissan Motor Co (7201.T) chief executive Makoto Uchida said on Monday that he would work to improve the automaker’s financial performance and co-operate closely with alliance partner Renault SA (RENA.PA), while maintaining Nissan’s indepen... More »
(Reuters) – Britain’s competition watchdog on Monday said it was probing Google’s $2.6 billion buyout of privately held big-data analytics firm Looker Data Sciences. The Competition and Markets Authority (CMA) said it was considering whether the deal could hur... More »
FRANKFURT (Reuters) – Tesla’s (TSLA.O) announcement earlier this month that it will build its first European factory near Berlin will draw further companies from the electric mobility and energy storage sectors into Germany, a state premier told newspaper Die ... More »
BRUSSELS (Reuters) – EU antitrust regulators are investigating Google’s collection of data, the European Commission told Reuters on Saturday, suggesting the world’s most popular internet search engine remains in its sights despite record fines in recent years.... More »
SINGAPORE (Reuters) – Facebook (FB.O) said on Saturday it had issued a correction notice on a user’s post at the request of the Singapore government, but called for a measured approach to the implementation of a new “fake news” law in the city-state. “Facebook... More »
(Reuters) – Apple Inc (AAPL.O) is “taking a deeper look at how we handle disputed borders” after it referred to the Russian-annexed Crimean Peninsula as part of Russia in its Maps and Weather apps for Russian users, a company spokeswoman told Reuters on Friday... More »
(Reuters) – Billionaire investor Warren Buffett was thwarted in trying to spend some of the $128.2 billion of cash at his Berkshire Hathaway Inc, after a private equity firm outbid him to buy technology equipment distributor Tech Data Corp for $5.14 billion, C... More »
WASHINGTON (Reuters) – The U.S. government may expand its power to stop more foreign shipments of products with U.S. technology to China’s Huawei, amid frustration the company’s blacklisting has failed to cut off supplies to the world’s largest telecoms equipm... More »
BRUSSELS/FRANKFURT (Reuters) – Euro zone inflation accelerated faster than expected in November on a rise in food and services prices, likely comforting European Central Bank policymakers even if some factors pushing up prices may be only temporary. The ECB ha... More »
ZURICH (Reuters) – Swiss drugmaker Novartis (NOVN.S) is betting on heart drug prospect inclisiran in a $9.7 billion takeover of The Medicines Co (MDCO.O) as it challenges cardiovascular medicines from Amgen Inc (AMGN.O), Sanofi (SASY.PA) and Regeneron Pharmace... More »
WASHINGTON (Reuters) – An ambitious “phase two” trade deal between the United States and China is looking less likely as the two countries struggle to strike a preliminary “phase one” agreement, according to U.S. and Beijing officials, lawmakers and trade expe... More »
(Reuters) – Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk indicated in a tweet on Sunday that the electric carmaker received 200,000 orders for its electric pickup truck within three days of its launch. Musk, who has been regularly tweeting about the Cy... More »
SYDNEY (Reuters) – Asian shares staged a cautious rally on Monday as investors dared to hope for some progress in the endless Sino-U.S. trade dispute, while the outperformance of recent U.S. economic data gave the dollar a leg up on its peers. MSCI’s broadest ... More »
SHANGHAI (Reuters) – Amazon.com Inc on Monday said it will open a pop-up store on Chinese e-commerce platform Pinduoduo Inc that will run until the end of December and carry a selection of about 1,000 products from overseas. The move, which was initially repor... More »
(Reuters) – HP Inc (HPQ.N) reiterated on Sunday its rejection of Xerox Corp’s (XRX.N) $33.5 billion cash-and-stock offer for the company, adding that the proposal “significantly undervalues HP.” The personal computer maker said last Sunday it rebuffed Xerox’s ... More »
NEW YORK (Reuters) – (This November 22 story has been refiled to add dropped word in paragraph 12.) A year after the U.S. stock market plunged, many investors believe conditions are in place to avoid another year-end pullback and possibly set the stage for a r... More »
NEW YORK/BANGALORE (Reuters) – SoftBank Group Corp (9984.T) will this week launch a previously agreed tender offer for as much as $3 billion of WeWork shares, including up to $970 million owned by the office sharing company’s cofounder Adam Neumann, two people... More »
PARIS (Reuters) – Frances’s 5G spectrum will be sold at a floor price of 2.17 billion euros ($2.4 billion), a minister said on Sunday, significantly more than the amount previously recommended by the country’s telecoms regulator Arcep. Wary of the heavy invest... More »
HELSINKI (Reuters) – Finland’s national airline Finnair (FIA1S.HE) said on Sunday it was forced to cancel 276 flights scheduled for Sunday and Monday after attempts to settle a labor dispute at the Finnish postal service failed, leading several Finnish labor u... More »
(Reuters) – LVMH (LVMH.PA) is close to buying U.S. jewelry chain Tiffany & Co (TIF.N) for about $16.3 billion after sweetening its offer, sources said on Sunday, as the owner of Louis Vuitton and Bulgari aims to tap the fast-growing luxury jewelry market. The ... More »
JERUSALEM (Reuters) – Israel’s exports, a key economic growth driver, are expected to grow to a record $114 billion in 2019 from $109 billion last year, government data showed on Sunday. According to the Central Bureau and Statistics and Economy Ministry, Isra... More »
DUBAI (Reuters) – Saudi Aramco met investors in Dubai on Sunday to market its initial public offering (IPO), after trying to secure demand from Kuwait’s sovereign wealth fund for the deal, worth up to $25.6 billion, which relies heavily on local and regional b... More »
RIYADH (Reuters) – Saudi Aramco’s weighting in Saudi Arabia’s main stock index once the oil giant has listed shares is not expected to breach the maximum limit set by the Gulf kingdom’s Tadawul exchange, a senior executive said on Sunday. “There is a ceiling f... More »
ISTANBUL (Reuters) – Istanbul has secured 110 million euros ($121 million) of financing from Deutsche Bank (DBKGn.DE) for an underground transport project, the mayor of the Turkish city said on Sunday. Speaking at a news conference, Ekrem Imamoglu gave no furt... More »
RIYADH (Reuters) – Saudi Arabia’s central bank is monitoring banking indicators on a daily basis and is not seeing any impact on liquidity from oil giant Aramco’s initial public offering (IPO), its governor said on Sunday. Saudi Arabian Monetary Authority gove... More »
RIYADH (Reuters) – Saudi Arabia’s banking sector has a high level of liquidity, its central bank governor said on Sunday, as banks in the Gulf state offer leverage to Saudi investors for shares in Saudi Aramco’s approaching initial public offering. “The Saudi ... More »
(Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk said on Saturday that there have been about 150,000 orders thus far for the electric carmaker’s Cybertruck, which was unveiled late on Thursday. “146k Cybertruck orders so far, with 42% choosing dual, 41... More »
HALIFAX, Nova Scotia (Reuters) – United States national security adviser Robert O’Brien said on Saturday that an initial trade agreement with China is still possible by the end of the year, but warned Washington would not turn a blind eye to what happens in Ho... More »
HALIFAX, Nova Scotia (Reuters) – The U.S. national security adviser urged Canada on Saturday not to use Huawei 5G technology, saying that doing so would put in jeopardy intelligence sharing with the United States and expose Canadians to being profiled by the C... More »
MILAN (Reuters) – Italy should use ongoing talks over the reform of the euro zone bailout fund, the ESM, to secure something for itself such as the appointment of an Italian to head the fund, Bank of Italy Deputy governor Fabio Panetta said on Saturday. Panett... More »
LEIPZIG, Germany (Reuters) – Bidders for German 5G rollout contracts must guarantee the network will be free of foreign state influence, Chancellor Angela Merkel’s Christian Democrats agreed on Saturday, stopping short of singling out China’s Huawei. After a h... More »
