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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

Louis Dreyfus head of innovation to leave group

Wed, 2020-06-17 03:15
Agricultural commodities merchant Louis Dreyfus said that its head of innovation and downstream strategy, Kristen Eshak Weldon, is to leave group at the end of this month.
Categories: Business News

Coronavirus turmoil fuels the rise of AI-powered companies

Wed, 2020-06-17 03:00
For the past seven years, a Munich-based firm called riskmethods has tried to interest companies in buying software that allows them to track all their suppliers in a way that minimizes risks in operating globally spread supply chains.
Categories: Business News

U.S. FAA chief to testify at hearing on jet certification after 737 MAX crashes

Wed, 2020-06-17 03:00
The head of the Federal Aviation Administration is set to testify on Wednesday before a Senate committee on the safety certification of jetliners like Boeing Co's 737 MAX, still grounded after fatal crashes.
Categories: Business News

CORRECTED-Copper sustainable group expects more members following Rio Tinto's units

Wed, 2020-06-17 02:59
Copper Mark, a traceability system launched by the International Copper Association (ICA), expected more members this year after two units of mining giant Rio Tinto joined in May.
Categories: Business News

Southwest Airlines says has enough cash for two years as demand improves

Wed, 2020-06-17 02:58
Southwest Airlines said on Wednesday it has enough cash to carry on business for the next two years, up from its prior forecast of 20 months, as travel demand gradually picks up.
Categories: Business News

U.S. commerce chief: Huawei rule is a 'clarification' -Fox Business Network

Wed, 2020-06-17 02:57
A new U.S. rule regarding China's Huawei Technologies Co Ltd is a needed "clarification" to help develop standards, U.S. Commerce Secretary Wilbur Ross said on Wednesday, adding that security concerns remain over the telecoms equipment maker.
Categories: Business News

UPDATE 1-CureVac starts trial of experimental coronavirus vaccine, eyes launch next year

Wed, 2020-06-17 02:50
* Testing also started in Belgium (Adds timing of trials, expected results)
Categories: Business News

UPDATE 2-Norway says its salmon did not cause virus at Beijing market

Wed, 2020-06-17 02:48
* Some shipments of Norwegian salmon to China have resumed (Adds reaction, bullet points, updates share, minister quote)
Categories: Business News

German coronavirus tracing app downloaded 6.5 million times

Wed, 2020-06-17 00:02
Germany's smartphone app to help trace coronavirus infections has been downloaded 6.5 million times in the first 24 hours since its launch, the CEO of software company SAP said on Wednesday.
Categories: Business News

Super-long JGB yields tick up on BOJ governor's remarks

Tue, 2020-06-16 23:28
The yields on super-long Japanese government bonds (JGB) edged up on Wednesday, a day after the Bank of Japan's (BOJ) governor said excessive falls in super-long debt yields are not desirable.
Categories: Business News

European shares rise as hopes of recovery remain strong

Tue, 2020-06-16 23:21
European shares opened higher on Wednesday, with hopes of a swift rebound from a coronavirus-led economic slump gaining traction even as curbs on movement in Beijing were put in place to contain a potential second wave of COVID-19 cases.
Categories: Business News

TABLE-UAE's Fujairah oil inventory data for week ended June 15

Tue, 2020-06-16 23:15
Fujairah Oil Industry Zone on Wednesday published, via industry information service S&P Global Platts, the following weekly inventory data for oil products for the week ended June 15. Volumes are in thousands of barrels. Figures in brackets represent volume change from prior week calculated by Reuters. Week Light Middle Residual Total Distillates Distillates Fuels 2020
Categories: Business News

UPDATE 2-HSBC revives plan for 35,000 jobs cuts delayed by pandemic

Tue, 2020-06-16 23:04
* Axed staff will remain paid for much of 2020 (Adds details)
Categories: Business News

UPDATE 3-Iberdrola trumps Ayala with offer for Australian renewable energy firm

Tue, 2020-06-16 22:51
* Infigen shares hit 3-yr high, topping offer price (Adds Iberdrola adviser, Iberdrola, UAC comments)
Categories: Business News

Tokyo shares end lower on auto export slump, geopolitical tensions

Tue, 2020-06-16 22:31
Japanese stocks ended lower on Wednesday as automakers dragged following weak export data, while escalating tensions between North Korea and South Korea also doused the market sentiment.
Categories: Business News

'Best news so far': UK hails steroid treatment for coronavirus

Tue, 2020-06-16 22:23
Britain's health minister on Wednesday hailed the use of a steroid called dexamethasone for treating coronavirus patients as the best news so far of the outbreak.
Categories: Business News

COLUMN-Second-wave wobble reveals more about markets than the virus: Mike Dolan

Tue, 2020-06-16 22:00
It's hard to find an investor who hadn't already assumed some form of second wave of COVID-19 when economies reopen, so why did stock markets panic at the hint of a relapse last week?
Categories: Business News

RPT-Alpha Bank in talks with Cerberus, PIMCO to sell $11 bln of bad loans - sources

Tue, 2020-06-16 22:00
Greece's Alpha Bank is in talks with at least five U.S. investment firms including Cerberus and PIMCO in a fresh attempt to offload a portfolio of bad debt worth more than 10 billion euros ($11.3 billion), two sources told Reuters.
Categories: Business News

UPDATE 3-Japan's exports fall most since 2009 as U.S. demand slumps

Tue, 2020-06-16 21:53
* Trade deficit at 833.4 bln yen vs forecast 1.07 trln yen deficit
Categories: Business News

UPDATE 1-S.Africa's Massmart warns of bigger half-year loss due to lockdown

Tue, 2020-06-16 21:53
* Receives $232 mln loan from parent Walmart (Adds details, quote)
Categories: Business News

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