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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

MOVES-Brazilian broker XP hires local JPMorgan CEO to lead banking ops

Mon, 2020-06-15 06:39
Brazilian broker XP Inc hired José Berenguer, JPMorgan CEO in Brazil, to lead its wholesale banking business, the broker said in a statement on Monday.
Categories: Business News

UPDATE 2-China's 58.com to go private in $8.7 billion deal

Mon, 2020-06-15 06:36
* Deal for $56/ADS; Shares up nearly 10% (Adds details on ownership, Chinese take-private deals)
Categories: Business News

U.S. Supreme Court rules for pipeline in Appalachian Trail dispute

Mon, 2020-06-15 06:33
Ruling against environmentalists, the U.S. Supreme Court on Monday decided that the federal government has the authority to allow a proposed $7.5 billion natural gas pipeline to cross under the popular Appalachian Trail in rural Virginia.
Categories: Business News

UPDATE 2-AstraZeneca COVID-19 vaccine to be shared across Europe, says France

Mon, 2020-06-15 06:31
A deal between AstraZeneca and four European countries for COVID-19 vaccines involves doses being shared by European Union members on a pro rata basis based on population, a source at the French President's office said on Monday.
Categories: Business News

MOVES-Bank of America names Kleinsteuber to run Americas insurance investment banking

Mon, 2020-06-15 06:26
Bank of America Corp has appointed Brad Kleinsteuber as its head of insurance investment banking in the Americas, according to an internal memo seen by Reuters on Monday, the contents of which were confirmed by a bank spokesman.
Categories: Business News

US STOCKS-Fears of fresh virus wave hit Wall St, S&P 500 slips below 3,000 pts

Mon, 2020-06-15 06:25
* Indexes down: Dow 2.33%, S&P 1.86%, Nasdaq 1.38% (Updates to open)
Categories: Business News

UPDATE 1-Walmart partners with Shopify to expand online marketplace business

Mon, 2020-06-15 06:24
Walmart Inc has partnered with Canadian e-commerce firm Shopify Inc , as the world's biggest brick-and-mortar retailer ramps up its efforts to capture a bigger slice of the coronavirus-driven surge in online shopping.
Categories: Business News

UPDATE 2-United Airlines pledges loyalty program for $5 billion loan

Mon, 2020-06-15 06:20
United Airlines said on Monday it is pledging its MileagePlus frequent flyer program for a new $5 billion loan aimed at further buffering its liquidity, even as its cash burn rate slows thanks to a steady improvement in demand.
Categories: Business News

EMERGING MARKETS-Brazil's real, Mexican peso lead Latam FX lower; stocks fall

Mon, 2020-06-15 06:19
Latin American markets extended losses into a fourth straight session on Monday, tracking a broader retraction in risk appetite as investors fretted over a resurgence of COVID-19 cases. Brazil's real and the Mexican peso were the worst performing currencies for the day, losing about
Categories: Business News

UPDATE 2-Primark the star attraction as England's stores reopen after lockdown

Mon, 2020-06-15 06:18
* Stores must adhere to social distancing regulations (Adds details, comment)
Categories: Business News

CANADA STOCKS-TSX hits near 3-week low on fears of fresh virus outbreak

Mon, 2020-06-15 06:07
Canada's main stock index dropped to a near three-week low on Monday, dragged down by the energy sector, as broader risk appetite was rattled by fears of a resurgence in coronavirus cases.
Categories: Business News

TREASURIES-Yields fall as concerns over coronavirus spread dent risk appetite

Mon, 2020-06-15 06:04
U.S. Treasury yields fell on Monday as renewed concerns over the spread of the coronavirus dented risk appetite, boosting demand for safe-haven bonds and sending stocks lower. Several districts of the Chinese capital put up security checkpoints, closed schools and ordered people to be tested for the coronavirus on Monday after an unexpected spike of cases linked to the biggest wholesale food market in Asia. New coronavirus cases an
Categories: Business News

UPDATE 2-Masked Germans touch down in Mallorca in cautious tourism revival

Mon, 2020-06-15 06:00
Hundreds of mask-wearing sunseekers from Germany landed on the Spanish island of Mallorca on Monday, the first tourists allowed into the country since borders were shut in March to tackle the coronavirus pandemic.
Categories: Business News

Grounded jets boost France's historic Chateauroux airport

Mon, 2020-06-15 05:39
More than half a century since the U.S. military left Chateauroux's vast air base, the coronavirus travel slump has provided a surge of business for the French regional airport.
Categories: Business News

UPDATE 2-U.S. FDA clears new version of Abbott's low-cost glucose monitor

Mon, 2020-06-15 05:38
The U.S. Food and Drug Administration on Monday cleared a new version of Abbott Laboratories' continuous glucose monitoring device, helping the company build upon the success of its fastest-growing diabetes product.
Categories: Business News

China's 58.com to go private in $8.7 billion deal

Mon, 2020-06-15 05:38
Chinese online classifieds marketplace 58.com Inc said on Monday it would be taken private by a consortium of investors, including private equity firm Warburg Pincus Asia LLC, in a deal that valued the company at about $8.7 billion. (Reporting by Akanksha Rana in Bengaluru; Editing by Arun Koyyur)
Categories: Business News

EU governments to pay 750 mln euros for 300 mln doses of AstraZeneca vaccine -Italy

Mon, 2020-06-15 03:09
Italy, Germany, the Netherlands and France will pay 750 million euros ($843.1 million) for 300 million doses of AstraZeneca's potential COVID-19 vaccine as part of a European deal to secure supplies of the drug, a spokesman for Italy's health ministry said on Monday.
Categories: Business News

GLOBAL MARKETS-Stocks, oil under pressure amid fears of second wave of pandemic

Mon, 2020-06-15 03:02
Fears of a second wave of COVID-19 infections sent jitters across global markets on Monday with stocks and oil under pressure while investors bought into safe havens such as government bonds.
Categories: Business News

UPDATE 1-Germany to buy stake in CureVac as world races for COVID-19 vaccine

Mon, 2020-06-15 03:02
Germany will take a stake in unlisted biotech firm CureVac, which is working on a COVID-19 vaccine, Economy Minister Peter Altmaier said on Monday, confirming an earlier Reuters report.
Categories: Business News

Eli Lilly starts late-stage study of arthritis drug in COVID-19 patients

Mon, 2020-06-15 03:01
U.S. drugmaker Eli Lilly and Co said on Monday it has started a late-stage trial testing its rheumatoid arthritis drug Olumiant in patients hospitalized with COVID-19.
Categories: Business News

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