BOSTON (Reuters) – Billionaire investor John Paulson’s top real estate executives are launching their own investment firm with $1 billion and the hedge fund manager’s blessing, sources familiar with the matter said. Michael Barr, a portfolio manager who headed... More »
WASHINGTON/BRUSSELS (Reuters) – Financial watchdogs from North America, Britain and Asia are urgently seeking a formal exemption from the European Union’s tough new data privacy law to avoid hampering cross-border investigations, regulatory officials told Reut... More »
LONDON (Reuters) – After the near collapse of his company following the 2010 Gulf of Mexico disaster and a three-year slump in oil prices, BP Chief Executive Officer Bob Dudley is hardly relaxed. “It doesn’t feel like we are in a serene time for any energy com... More »
(Reuters) – General Electric Co (GE.N) is nearing a deal to merge its transportation business, which manufactures train engines, with Wabtec Corp (WAB.N), a U.S. maker of equipment for the rail industry, two people familiar with the matter said on Sunday. A de... More »
(Reuters) – U.S. hospital operator HCA Healthcare Inc (HCA.N) and private equity firm KKR & Co (KKR.N) have joined forces to make an offer for U.S. physician services provider Envision Healthcare Corp (EVHC.N), people familiar with the matter said on Friday. T... More »
WASHINGTON (Reuters) – U.S. Special Counsel Robert Mueller has subpoenaed a key assistant of long-time Donald Trump adviser Roger Stone, two people with knowledge of the matter said, the latest sign that Mueller’s investigation into alleged Russian meddling in... More »
HOUSTON/CARACAS (Reuters) – U.S. oil firm ConocoPhillips has moved to take Caribbean assets of Venezuela’s state-run PDVSA to enforce a $2 billion arbitration award over a decade-oil nationalization of its projects in the South American country, according to t... More »
NEW YORK (Reuters) – The U.S. government may start scrutinizing informal partnerships between American and Chinese companies in the field of artificial intelligence, threatening practices that have long been considered garden variety development work for techn... More »
LONDON (Reuters) – Gatemore Capital Management has built a stake in Wincanton and called on the British logistics company to break itself up by selling one of its two divisions, according to a letter sent by Gatemore to its own investors. The asset management ... More »
WASHINGTON (Reuters) – The U.S. Department of Commerce is banning American companies from selling components to Chinese telecom equipment maker ZTE Corp for seven years for violating the terms of a sanctions violation case, U.S. officials told Reuters. The Chi... More »
FRANKFURT/NEW YORK (Reuters) – Generic drug maker Mylan (MYL.O) is in advanced discussions to acquire Merck KGaA’s (MRCG.DE) consumer health business after other bidders failed to meet the German company’s price expectations, people familiar with the matter sa... More »
PARIS (Reuters) – Private equity firm Permira PERM.UL said on Friday it had agreed to buy a majority stake in Exclusive Group, in a deal that secures substantial funding for the future development of the French cyber security group. A source close to the matte... More »
MONTERREY (Reuters) – Mexican left-wing presidential candidate Andres Manuel Lopez Obrador has an 18-point lead ahead of the July 1 election, according to a poll published on Monday that showed him with a growing advantage at the start of formal campaigning. L... More »
HONG KONG/BEIJING (Reuters) – China is taking its first steps towards paying for imported crude oil in yuan instead of the U.S. dollar, three people with knowledge of the matter told Reuters, a key development in Beijing’s efforts to establish its currency int... More »
BERLIN (Reuters) – The Airbus (AIR.PA) A400M military transport programme faces continued problems such a cumbersome mission planning system that makes it impossible to carry out medical evacuations and other short-term missions, a confidential German military... More »
NEW YORK (Reuters) – Three firms that bought crude oil last year from U.S. emergency stockpiles raised concerns about dangerous levels of a poisonous chemical in the cargoes, according to internal Energy Department emails and shipping documents reviewed by Reu... More »
FILE PHOTO: The logo of Mexican construction company ICA is seen in Mexico City, March 8, 2016. REUTERS/Edgard Garrido MEXICO CITY (Reuters) – Mexico’s state workers’ pension fund plowed more than $20 million into ICA (ICA.MX) and became the largest shareholde... More »
FILE PHOTO: A CEFC logo is seen at CEFC China Energy’s Shanghai headquarter in Shanghai, China September 14, 2016. REUTERS/Aizhu Chen/File Photo HONG KONG/SHANGHAI (Reuters) – CEFC China Energy, the once-acquisitive conglomerate, was prepared to pay annual rat... More »
FILE PHOTO: The logo of India’s largest e-commerce firm Flipkart is seen on the facade of the company’s headquarters in Bengaluru, India July 7, 2017. REUTERS/Abhishek N. Chinnappa/File Photo MUMBAI (Reuters) – Walmart Inc (WMT.N) is in talks to buy a stake of... More »
FILE PHOTO: Mexican Foreign Minister Luis Videgaray arrives to a meeting with senators of the Institutional Revolutionary Party (PRI) at the Senate building in Mexico City, Mexico January 30, 2018. REUTERS/Daniel Becerril MEXICO CITY (Reuters) – Mexico’s forei... More »
FILE PHOTO: Amazon boxes are seen stacked for delivery in Manhattan, New York, U.S., January 29, 2016. REUTERS/Mike Segar/File Photo SAN FRANCISCO (Reuters) – Amazon.com Inc (AMZN.O) paid about $90 million to acquire the maker of Blink home security cameras la... More »
Feb 10, 2018- Gangneung, South Korea- South Korea president Jae-in Moon- IOC president Thomas Bach- North Korea nominal head of state Kim Long Nam- and Kimm Yo-jong, sister of North Korean leader Kim Jong Un pose for a picture with the women’s hockey team from... More »
FILE PHOTO: White House budget director Mick Mulvaney holds a press briefing at the White House in Washington, DC, U.S., January 19, 2018. REUTERS/Kevin Lamarque/File Photo WASHINGTON (Reuters) – Mick Mulvaney, head of the Consumer Financial Protection Bureau,... More »
FILE PHOTO: A cyclist rides past a logo of drugs and chemicals group Merck KGaA in Darmstadt, Germany, January 28, 2016. REUTERS/Ralph Orlowski/File Photo LONDON/FRANKFURT (Reuters) – The sale of Merck KGaA’s (MRCG.DE) consumer health unit has been thrown off ... More »
FILE PHOTO: Tesla’s new electric semi truck is unveiled during a presentation in Hawthorne, California, U.S., November 16, 2017. REUTERS/Alexandria Sage/File Photo SEATTLE (Reuters) – Elon Musk, the chief executive of Tesla Inc, has said little about how he pl... More »
FILE PHOTO: A Dell gaming computer is shown at the E3 2017 Electronic Entertainment Expo in Los Angeles, California, U.S. June 13, 2017. REUTERS/ Mike Blake/File Photo (Reuters) – U.S. computer maker Dell Technologies Inc and business software provider VMware ... More »
South Sudan’s President Salva Kiir attends the 28th Ordinary Session of the Assembly of the Heads of State and the Government of the African Union in Ethiopia’s capital Addis Ababa, January 30, 2017. Picture taken January 30, 2017. REUTERS/Tiksa Negeri WASHING... More »
FILE PHOTO – An employee walks between front-end loaders which are used to move coal imported from North Korea at Dandong port in the Chinese border city of Dandong, Liaoning province December 7, 2010. REUTERS/Stringer/File Photo PARIS/LONDON/MOSCOW (Reuters) ... More »
Liu He, Member of a Political Bureau of CPC Central Committee, smiles during the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 24, 2018. REUTERS/Denis Balibouse BEIJING (Reuters) – China is set to name Liu He, a Harvard-trained econom... More »
NEW YORK/LONDON (Reuters) – Jamison Capital Partners LP, a New York-based macro commodity hedge fund run by former Morgan Stanley trader Stephen Jamison, will shut its nearly $1.5 billion fund by the end of the month, according to a source familiar and an inve... More »
FILE PHOTO: A 3D-printed Microsoft logo is seen on a displayed Russian flag in this illustration taken January 12, 2018. Picture taken January 12, 2018. REUTERS/Dado Ruvic/Illustration MOSCOW (Reuters) – Two of Microsoft’s official distributors in Russia have ... More »
FILE PHOTO: The Philadelphia Energy Solutions oil refinery owned by The Carlyle Group is seen at sunset in front of the Philadelphia skyline March 24, 2014. REUTERS/David M. Parrott/File Photo (Reuters) – Philadelphia Energy Solutions LLC, the owner of the lar... More »
Tom Hill (L), Chairman of Blackstone Alternative Asset Management, and John McCormick, President and CEO of Blackstone Alternative Asset Management, pose for a portrait in New York, U.S., January 18, 2018. REUTERS/Lucas Jackson BOSTON (Reuters) – After nearly ... More »
FILE PHOTO: Detainees sleep in a holding cell at a U.S. Customs and Border Protection processing facility, in Brownsville, Texas June 18, 2014. REUTERS/Eric Gay/Pool/File Photo NEW YORK (Reuters) – The U.S. Justice Department has issued new guidelines for immi... More »
FILE PHOTO: A logo is seen on the roof of the ArcelorMittal steelworks headquarters in Ostrava, Czech Republic, April 1, 2016. REUTERS/David W Cerny/File Photo ROME (Reuters) – Steelmaker ArcelorMittal has told commissioners running Italy’s Ilva plant that it ... More »
FILE PHOTO: Men try out Xiaomi smartphones at the company’s store in central Kiev, Ukraine May 17, 2017. REUTERS/Valentyn Ogirenko/File Photo HONG KONG (Reuters) – Chinese smartphone maker Xiaomi Inc has told bankers it would top its annual revenue target by a... More »
FILE PHOTO: People stand at ZTE’s booth during Mobile World Congress in Barcelona, Spain, February 27, 2017. REUTERS/Paul Hanna/File Photo (Reuters) – Two consulting firms hired to help the United States police ZTE Corp’s compliance with trade sanctions have r... More »
(Reuters) – Ignyta Inc is in advanced talks to sell itself, people familiar with the matter said on Thursday, just three years after the U.S. cancer drugmaker became a public company focused on precision drugs and diagnostics. The deal would come as large phar... More »
FILE PHOTO: Retired engineer John Wider, 59, is greeted by a supporter of U.S. President Donald Trump as he holds up a sign reading “Welcome Refugees” at the international arrivals terminal at Los Angeles International Airport in Los Angeles, California, U.S. ... More »
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 »
FILE PHOTO – Scott Minerd, Global Chief Investment Officer at Guggenheim Partners speaks at the 2014 Milken Institute Global Conference in Beverly Hills, California April 28, 2014. REUTERS/Lucy Nicholson NEW YORK (Reuters) – Top executives at asset manager and... More »
NEW YORK (Reuters) – GGP Inc (GGP.N), one of the largest owners and operators of U.S. shopping centers, has rejected a $14.8 billion buyout offer from its biggest shareholder, Brookfield Property Partners LP (BPY.O), people familiar with the matter said on Sun... More »
FILE PHOTO: Commuters pass by the front of the Bangladesh central bank building in Dhaka, Bangladesh on March 8, 2016. REUTERS/Ashikur Rahman/File Photo DHAKA (Reuters) – Bangladesh’s central bank has asked the Federal Reserve Bank of New York to join a lawsui... More »
FILE PHOTO – A woman walks past Didi Chuxing’s booth at the Global Mobile Internet Conference (GMIC) 2017 in Beijing, China April 28, 2017. REUTERS/Jason Lee MEXICO CITY/SAN FRANCISCO (Reuters) – Didi Chuxing, China’s ride-hailing behemoth, plans to expand int... More »
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 »
(Reuters) – Mednax Inc, a U.S. healthcare network operator targeted by activist hedge fund Elliott Management Corp, is fielding acquisition interest from several private equity firms, according to people familiar with the matter. Elliott disclosed a 7 percent ... More »
Former Brazil’s Prosecutor General Rodrigo Janot attends an interview with Reuters in Brasilia, Brazil, November 28, 2017. Picture taken November 28, 2017. REUTERS/Adriano Machado BRASILIA (Reuters) – Three senior Brazilian law enforcement officials, including... More »
FILE PHOTO – U.S. Administrator of the Centers for Medicare and Medicaid Services (CMS) Seema Verma (C) is joined by Concerned Women for America CEO Penny Nance (L) as she talks to reporters about President Trump’s signing of House Resolution 43, which allows ... More »
Tezos co-founder and CTO Arthur Breitman and his wife and co-founder Kathleen Breitman respond to questions during the Money 20/20 conference in Las Vegas, Nevada, U.S. on October 24, 2017. REUTERS/Steve Marcus – RC1BF6690CD0 NEW YORK/ZURICH (Reuters) – The co... More »
Darren Woods, Chairman & CEO of Exxon Mobil Corporation speaks during a news conference at the New York Stock Exchange (NYSE) in New York, U.S., March 1, 2017. REUTERS/Brendan McDermid HOUSTON (Reuters) – Exxon Mobil Corp Chief Executive Darren Woods is reorga... More »
Workers process outgoing shipments at an Amazon Fulfillment Center on Cyber Monday in Tracy, California, U.S. November 28, 2016. REUTERS/Noah Berger (Reuters) – Wal-Mart Stores Inc is within striking distance of matching Amazon.com Inc’s online prices for the ... More »
Office of Management and Budget Director Mick Mulvaney attends the daily briefing at the White House in Washington, U.S., July 20, 2017. REUTERS/Carlos Barria WASHINGTON (Reuters) – The top lawyer for the U.S. Consumer Financial Protection Bureau (CFPB) has co... More »
An ambulance arrives as people stand at the entrance of the emergency department of a government-run hospital in New Delhi, India, November 22, 2017. Picture taken November 22, 2017. REUTERS/Saumya Khandelwal NEW DELHI (Reuters) – India has approved a three-ye... More »
Hong Kong-based Baring Private Equity Asia is aiming to raise $6 billion in a new Asian fund, as investors hungry for growth in emerging markets fuel a regional fund-raising bonanza, five people with knowledge of the matter said. More »
Former CIA director James Woolsey pitched a $10 million contract to two Turkish businessmen to help discredit a controversial U.S.-based cleric while Woolsey was an adviser to Donald Trump's election campaign, three people familiar with the proposal said. More »
India is likely to stick to its fiscal deficit target of 3.2 percent of GDP, and may accelerate sales of government stakes in lenders and other companies as part of an effort to recapitalize banks, an adviser to the prime minister said on Tuesday. More »
Microsoft Corp's secret internal database for tracking bugs in its own software was broken into by a highly sophisticated hacking group more than four years ago, according to five former employees, in only the second known breach of such a corporate database. More »
T-Mobile U.S. Inc (TMUS.O) and Sprint Corp (S.N) plan to announce a merger agreement without any immediate asset sales, as they seek to preserve as much of their spectrum holdings and cost synergies as they can before regulators ask for concessions, according ... More »
China's top banking regulator Guo Shuqing and veteran banker Jiang Chaoliang are front runners to succeed Zhou Xiaochuan, the country's longest-serving central bank head who is likely to step down next year, according to multiple sources familiar with the matt... More »
Honeywell International Inc (HON.N) plans to spin off non-core assets and create at least two new publicly listed companies, as the U.S. industrial conglomerate seeks to streamline its business, according to people familiar with the matter. More »
U.S. President Donald Trump, who pledged to help protect young people known as "Dreamers" brought illegally to the United States as children, called on Sunday for money to fund a border wall to be part of any immigration deal. More »
Congressional Democrats rejected President Donald Trump's requests on Sunday that renewed protection for "Dreamers" - people brought illegally to the United States as children - include funding for a border wall and money for thousands more immigration officer... More »
The U.S. Securities and Exchange Commission (SEC), Wall Street's top regulator, has discovered a vulnerability in its corporate filing database that could cause the system to collapse, according to an internal document seen by Reuters. More »
South Africa's central bank has told top lenders they cannot fire auditor KPMG [KPMG.UL], entangled in a scandal involving friends of President Jacob Zuma, because it might undermine financial stability, two sources with knowledge of the matter said. More »
The Chinese owner of former European soccer champions AC Milan is looking for one or more investors to share the financial burden, less than six months after buying the loss-making Italian club, two sources said on Friday. More »
Australia's Macquarie Group Ltd has overtaken Goldman Sachs to break into the top three banks for commodities business, having significantly expanded its U.S. energy operations in recent years while rivals cut back. More »
Around 10,000 finance jobs will be shifted out of Britain or created overseas in the next few years if the UK is denied access to Europe's single market, according to a Reuters survey of firms employing the bulk of workers in international finance. More »
India could be forced to cut spending on key infrastructure such as railways and highways as lower-than-expected tax collections and sluggish growth have upset the government's budget calculations, two finance ministry officials said. More »
Alphabet unit Google has offered to display rival shopping comparison sites via an auction in order to comply with an EU antitrust order to stop favoring its own shopping service, four people familiar with the matter said on Monday. More »
The head of the U.S. Food and Drug Administration said on Friday the agency is working on a new policy that would encourage more compounding pharmacies to register under a law enacted in the wake of a deadly 2012 meningitis outbreak linked to one such company. 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 »
No. 2 Senate Democrat Dick Durbin has had multiple conversations with Jared Kushner and other top White House officials about how to protect young immigrants known as “Dreamers” from deportation, the lawmaker said on Thursday. More »
Japan is worried the United States has so far declined to arm it with a powerful new radar, arguing the decision makes the U.S. missile defense system it plans to install much less capable of countering a growing North Korean threat, three sources said. More »
South Korea's new antitrust chief said he has been in talks with the autos-to-steel conglomerate Hyundai Motor Group about overhauling its complex ownership structure, which critics say gives too much power to its controlling family at the expense of sharehold... More »
Two lawyers appointed to senior jobs at the U.S. Securities and Exchange Commission have ties to major companies including financial firms Goldman Sachs Group Inc (GS.N) and Wells Fargo & Co (WFC.N) that could complicate efforts to regulate them, according to ... More »
India's health ministry has trimmed its cost estimates for extending its main public health program by 25 percent after criticism from a federal think-tank over inefficiency and slow progress, according to government documents seen by Reuters. More »
Four Arab countries that imposed sanctions on Qatar have told the United States that U.S. companies doing business with them would not be punished for also working with Doha, four sources with knowledge of the matter said. More »
Saudi Arabia favours New York for the main foreign listing of state oil giant Aramco, even though some financial and legal advisers have recommended London as a less problematic and risky option, people familiar with the matter told Reuters. More »
A top Kurdish counter-terrorism official said on Monday he was 99 percent sure that Islamic State leader Abu Bakr al-Baghdadi was alive and located south of the Syrian city of Raqqa, after reports that he had been killed. More »
FILE PHOTO: A protester holds a placard in Sydney, Australia, February 4, 2017 during one of several rallies across Australia condemning U.S. President Donald Trump’s order temporarily barring refugees and nationals from seven countries and demanding an end to... More »
FILE PHOTO: Shaybah oilfield complex is seen at night in the Rub’ al-Khali desert, Saudi Arabia, November 14, 2007. Saudi Arabia will cut crude oil shipments to its customers in August by more than 600,000 barrels per day to balance the rise in domestic consum... More »
FILE PHOTO – Legend Holdings chairman Liu Chuanzhi attends a news conference on the company’s annual results in Hong Kong, China March 30, 2016. China’s Legend Holdings Corp is in talks on a potential investment in Qatari-owned Banque Internationale a Luxembou... More »
Short seller Marc Cohodes, who has bet against the shares of six Canadian-based companies including Valeant Pharmaceuticals International Inc and Home Capital Group Inc, said on Wednesday that he is targeting yet another Canadian firm – Exchange Income Corp. More »
FILE PHOTO: Brazil’s billionaire businessman Joesley Batista leaves the Federal Police headquarters after giving testimony, in Brasilia, Brazil June 21, 2017. REUTERS/Adriano Machado/File photo Bernal More »
Boaz Weinstein, founder and chief investment officer at Saba Capital Management, speaks during the SALT conference in Las Vegas, Nevada, U.S. May 17, 2017. REUTERS/Richard Brian New York-based Saba Capital Management, famed for its winning bet against the JPMo... More »
U.S. Secretary of State Rex Tillerson speaks during a press conference after talks with Chinese diplomatic and defense chiefs at the State Department in Washington, U.S. June 21, 2017. REUTERS/Kevin Lamarque In a highly unusual intervention, Secretary of State... More »
An employee walks inside the office of ride-hailing service Uber in Gurugram, previously known as Gurgaon, on the outskirts of New Delhi, India, April 19, 2016. REUTERS/Anindito Mukherjee Uber Technologies Inc has hired a law firm to investigate how it obtaine... More »
FILE PHOTO: Two men chat beside a logo of Alibaba (China) Technology Co. Ltd at its headquarters on the outskirts of Hangzhou, Zhejiang province May 17, 2010. REUTERS/Steven Shi/File Photo Chinese tech giants Alibaba Group Holdings (BABA.N) and Tencent Holding... More »
Sirius XM Holdings Inc, the U.S. satellite radio company controlled by John Malone’s Liberty Media Corp, is seeking to invest in internet music provider Pandora Media Inc, people familiar with the matter said. More »
A logo of Toshiba Corp is seen on a printed circuit board in this photo illustration taken in Tokyo July 31, 2012. REUTERS/Yuriko Nakao Toshiba Corp (6502.T) aims to name a winner for its prized semiconductor business next week, people familiar with the matter... More »
A broken Apple iPhone repaired by a third party service provider is seen at Apple’s display repair laboratory in Sunnyvale, California, U.S., May 19, 2017. REUTERS/Stephen Lam Hey Siri, where can I get my cracked iPhone screen fixed? More »
FILE PHOTO – A man arrives at the Uber offices in Queens, New York, U.S. on February 2, 2017. REUTERS/Brendan McDermid/File Photo Car service Uber is using a gap in EU and UK tax rules to avoid incurring sales tax on the booking fees it charges drivers in Brit... More »
FILE PHOTO: U.S. Secretary of State Rex Tillerson delivers remarks to the employees at the State Department in Washington, U.S., May 3, 2017. REUTERS/Yuri Gripas/Files Secretary of State Rex Tillerson has declined a request to host an event to mark Islam’s hol... More »
FILE PHOTO: White House Senior Advisor Jared Kushner listens during President Donald Trump’s joint news conference with German Chancellor Angela Merkel in the East Room of the White House in Washington, March 17, 2017. REUTERS/Jim Bourg U.S. President Donald T... More »
Senate Majority Leader Mitch McConnell (R-KY) speaks to Reuters during an interview in Washington, U.S., May 24, 2017. REUTERS/Joshua Roberts Mitch McConnell, the top Republican in the U.S. Senate, says he could live without the drama surrounding President Don... More »
FILE PHOTO: The Facebook logo is displayed on the company’s website in Bordeaux, France, February 1, 2017. REUTERS/Regis Duvignau/File Photo Facebook Inc (FB.O) has signed deals with millennial-focused news and entertainment creators Vox Media, BuzzFeed, ATTN,... More »
Senate Majority Leader Mitch McConnell (R-KY) speaks to Reuters during an interview in Washington, U.S., May 24, 2017. REUTERS/Joshua Roberts U.S. Senate Majority Leader Mitch McConnell said on Wednesday he does not yet know how Republicans will amass the vote... More »
Senate Majority Leader Mitch McConnell (R-KY) speaks to Reuters during an interview in Washington, U.S., May 24, 2017. REUTERS/Joshua Roberts U.S. Senate Republican Leader Mitch McConnell told Reuters on Wednesday he expects bipartisan support for approval of ... More »
A man walks out of a branch of Russian Post in Moscow, Russia, May 24, 2017. REUTERS/Maxim Shemetov Russia’s postal service was hit by Wannacry ransomware last week and some of its computers are still down, three employees in Moscow said, the latest sign of we... More »
The headquarters of the European Central Bank (ECB) are pictured in Frankfurt, Germany September 8, 2016. REUTERS/Ralph Orlowski/File Photo Discord between the euro zone’s three largest countries is stalling the European Central Bank’s efforts to come up with ... More »
