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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
PRESS DIGEST- British Business - June 18
June 18 - The following are the top stories on the business
pages of British newspapers. Reuters has not verified these
stories and does not vouch for their accuracy.
Categories: Business News
PRESS DIGEST- Financial Times - June 18
The following are the top stories in the
Financial Times. Reuters has not verified these stories and does
not vouch for their accuracy.
Categories: Business News
Glass Lewis opposes Tesla chairwoman's re-election to Board - Bloomberg News
Proxy-adviser Glass Lewis has urged
Tesla Inc investors to vote against re-electing
chairwoman Robyn Denholm to the company's board due to an
arrangement with Elon Musk that raises corporate governance
concerns, Bloomberg reported on Wednesday.
Categories: Business News
Australian regulator raises concerns over Google, Fitbit deal
Australia's consumer watchdog on
Thursday raised initial competition concerns over Alphabet
Inc-owned Google's $2.1 billion bid for fitness
tracker company Fitbit.
Categories: Business News
UPDATE 1-Amazon launches Saudi Arabia shopping site despite CEO's dispute with kingdom
Amazon.com Inc on Wednesday
launched a website for shoppers in Saudi Arabia, showing its
continued business interests there despite a public dispute
between Riyadh and the company's chief executive, Jeff Bezos.
Categories: Business News
UPDATE 1-Kim Kardashian West to host criminal justice podcast for Spotify
Reality TV star Kim Kardashian West has
reached a deal with Swedish music streaming company Spotify
Technology SA to host a podcast related to criminal
justice reform, a representative for West said on Wednesday.
Categories: Business News
GLOBAL MARKETS-Asian stocks set to fall as Wall St snaps 3-day winning streak
Asian stocks were set to dip
on Thursday after a choppy Wall Street session as spiking
coronavirus cases and prospects of new lockdowns erased earlier
confidence about a global economic recovery.
Categories: Business News
CORRECTED-UPDATE 1-Canada's Enbridge says 800 workers take voluntary buyouts
Enbridge Inc, Canada's largest
pipeline operator, said on Wednesday about 800 employees have
opted for voluntary buyouts, as the company tries to reduce
costs to tackle the COVID-19 crisis and the global oil price
shock.
Categories: Business News
CORRECTED-Enbridge says 800 workers take voluntary buyouts
Enbridge Inc, Canada's largest
pipeline operator, said on Wednesday about 800 employees have
chosen to take voluntary buyouts, as the company tries to reduce
costs amid dual challenges of COVID-19 and the global oil price
shock.
Categories: Business News
UPDATE 1-British oil major BP raises $12 bln in debt, says FT
British oil major BP Plc raised
$12 billion of debt with equity-like features, taking advantage
of low interest rates to fortify its balance sheet, the
Financial Times (FT) reported https://www.ft.com/content/6213ac92-9d7b-41da-9353-a2be17a37a96
on Wednesday.
Categories: Business News
UPDATE 2-Brazil cuts interest rates to new low, leaves door open for 'residual' easing
Brazil's central bank cut its
benchmark interest rate by 75 basis points to a record low of
2.25% on Wednesday, as expected, and said there was some room
left for further monetary stimulus to support an economy ravaged
by the coronavirus pandemic.
Categories: Business News
Ex-Morgan Stanley diversity officer says bank slashed her budget by 71%
A lawyer representing a former
Morgan Stanley diversity officer who is suing the bank
over racial discrimination said on Wednesday the bank cut her
client's budget for promoting diversity and financial education
by 71% from the time she started in wealth management to 2019.
Categories: Business News
UPDATE 1-Mexico's president accuses Spain's Iberdrola of 'hidden' media attack
Mexican President Andres
Manuel Lopez Obrador ramped up verbal attacks on Spain's
Iberdrola on Wednesday, accusing the power generation
company of mounting a media campaign against his government as
well as unspecified acts of graft.
Categories: Business News
British oil major BP raises $12 bln in debt - FT
British oil major BP Plc raised
$12 billion of debt with equity-like features, taking advantage
of low interest rates to fortify its balance sheet, the
Financial Times reported https://www.ft.com/content/6213ac92-9d7b-41da-9353-a2be17a37a96
on Wednesday.
Categories: Business News
UPDATE 1-U.S. fines Copa Airlines $450K for transporting passengers between U.S., Venezuela
The U.S. Transportation Department said
on Wednesday it fined Panama's Copa Airlines $450,000 for
unlawfully transporting passengers between the United States and
Venezuela via a stopover point, and ordered the airline to avoid
future similar violations.
Categories: Business News
UPDATE 1-Roche rheumatoid arthritis drug fails to help COVID-19 patients in Italian study
Roche's rheumatoid arthritis
drug Actemra failed to help patients with early-stage COVID-19
pneumonia in an Italian study, researchers reported on
Wednesday, but the Swiss drugmaker is testing the medicine in
another trial against the illness caused by the new coronavirus.
Categories: Business News
Spotify reaches podcast deal with Kim Kardashian West - WSJ
Reality TV star Kim Kardashian West
reached a deal with Spotify Technology SA for a podcast
about her work with the Innocence Project, the Wall Street
Journal reported on Wednesday, citing people familiar with the
matter.
Categories: Business News
UPDATE 6-FAA chief acknowledges agency, Boeing made mistakes on 737 MAX
The head of the Federal Aviation
Administration, Steve Dickson, acknowledged on Wednesday that
Boeing Co and the U.S. air safety agency both made
mistakes on the 737 MAX jet, but rejected senators' accusations
the FAA was "stonewalling" probes after two fatal crashes.
Categories: Business News
UPDATE 5-Trump administration proposes rolling back protections for big tech
The U.S. Justice Department
proposed on Wednesday that Congress take up legislation to curb
protections big tech platforms like Alphabet's Google
and Facebook have had for decades, a senior official
said, following through on President Donald Trump's bid to crack
down on tech giants.
Categories: Business News
