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Reuters Business News
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.
Updated: 4 years 22 weeks ago
Just Eat Takeaway in advanced talks to buy Grubhub
European food ordering firm Just Eat Takeaway.com NV said on Wednesday it was in advanced talks to buy Grubhub Inc in an all-stock deal that, if completed, would create the world's largest food delivery company by revenue.
Categories: Business News
Goldman Sachs forms fund to address racial injustice
Goldman Sachs Group Inc said on Wednesday it had launched a $10 million fund to support the work of organizations addressing racial injustice, structural inequity and economic disparity.
Categories: Business News
Number of U.S. air passengers fell 96% in April to historic low: government
U.S. airlines carried 3 million passengers in April, a staggering 96% decline from April 2019 amid the coronavirus pandemic and flight restrictions, the Transportation Department said on Wednesday.
Categories: Business News
UK watchdog extends deadline for final ruling on Amazon's Deliveroo deal
Britain's competition regulator has given itself two more months to make a final ruling on Amazon's purchase of a minority stake in online delivery group Deliveroo so it can take full account of representations from all interested parties.
Categories: Business News
Oil slides below $41 as U.S. inventory rise revives glut worries
Oil fell more than 2% to below $41 a barrel on Wednesday after U.S. data showed crude inventories rose to a record high, reviving worries of a persistent glut due to weak demand during the lingering coronavirus crisis.
Categories: Business News
Weak demand keeps U.S. inflation subdued
U.S. consumer prices fell for a third straight month in May and underlying inflation was weak as demand for goods and services remained subdued amid a recession caused by the COVID-19 pandemic.
Categories: Business News
J&J to begin human trials of COVID-19 vaccine in second half of July
Johnson & Johnson said on Wednesday it would bring forward by two months human trials of its potential COVID-19 vaccine to the second half of July, as the drugmaker rushes to develop a shot for the contagious respiratory disease.
Categories: Business News
With crisis response in place, Fed focuses on long term
The Federal Reserve completes its latest policy meeting on Wednesday with attention turning from its massive response to the coronavirus pandemic and toward its still-developing plans to strengthen and lengthen a nascent economic recovery.
Categories: Business News
Walmart's Mexico business set to absorb two internal units
The Mexican unit of U.S. retailer Walmart said on Wednesday a shareholder meeting would discuss the absorption of two internal units, Holding de Restaurantes y Servicios and Tiendas Wal-Mart.
Categories: Business News
Emirates airline redundancies continue for second day, sources say
Emirates laid off more pilots and cabin crew on Wednesday in a second day of redundancies at one of the world's biggest long-haul airlines, three company sources said.
Categories: Business News
Dollar slips, stocks fall ahead of Fed meeting
The dollar slid to a three-month low and a gauge of global equities edged lower on Wednesday as investors awaited news at the end of a two-day meeting of the Federal Reserve and its plans to strengthen a nascent U.S. economic recovery.
Categories: Business News
Oil falls towards $40 as U.S. inventory rise revives glut worries
Oil fell more than 2% towards $40 a barrel on Wednesday after a report showed a rise in crude inventories in the United States, reviving concerns about oversupply and weak demand due to the coronavirus crisis.
Categories: Business News
NATO chief says on Huawei: UK review of 5G security is important
The head of the NATO military alliance said on Wednesday that the West could not ignore the rise of China and so it was important that Britain had a review of the role of Huawei in its 5G network to ensure its security.
Categories: Business News
Exclusive: Thyssenkrupp, RWE plan hydrogen mass production venture
German utility RWE plans to mass produce hydrogen from renewable energy sources as part of a supply deal with Thyssenkrupp so Germany's largest steel maker can gradually replace coal to power its blast furnaces.
Categories: Business News
Cerberus demands changes at 'disastrous' Commerzbank
U.S. activist investor Cerberus is calling on Commerzbank to appoint two of its nominees to the supervisory board, cut costs and adopt a new strategy, as it battles to make a success of a big bet on German banks.
Categories: Business News
Exclusive: ECB prepares 'bad bank' plan for wave of coronavirus toxic debt
European Central Bank officials are drawing up a scheme to cope with potentially hundreds of billions of euros of unpaid loans in the wake of the coronavirus outbreak, two people familiar with the matter told Reuters.
Categories: Business News
Bank of England ready to replenish its COVID-19 warchest
The Bank of England looks set to give itself at least another 100 billion pounds ($127 billion) in bond-buying firepower next week to try to stop the coronavirus crisis from inflicting further damage on Britain's economy.
Categories: Business News
Finnair seeks 500 million euros from shareholders to cope with crisis
Finnair launched a share sale on Wednesday to raise 500 million euros ($568 million) from its existing investors, almost as much as its current market value as it seeks to strengthen its finances to cope with the coronavirus crisis.
Categories: Business News
Explainer: How will Britain pay for coronavirus borrowing?
British government borrowing is soaring to levels not seen since World War Two, something Prime Minister Boris Johnson and his finance minister Rishi Sunak will try to fix once the worst of the coronavirus crisis has passed.
Categories: Business News
Fed easing speculation keeps dollar under pressure
The euro held below a three-month high against the dollar amid speculation the U.S. Federal Reserve might announce more steps to check a recent rise in bond yields later on Wednesday.
Categories: Business News
