Business

  • Lower drug sales potential at Bayer underscores need for deals

    FRANKFURT (Reuters) – Germany’s Bayer (BAYGn.DE), which acquired seed company Monsanto this year, reduced its combined sales estimate for its most promising experimental drugs, acknowledging it needs to do more to replenish the development pipeline.…

  • Takeda shareholders give nod for $59 billion Shire acquisition

    OSAKA (Reuters) – Takeda Pharmaceutical (4502.T) shareholders approved on Wednesday its $59 billion takeover of London-listed Shire (SHP.L), creating a global powerhouse with a stronger drugs pipeline but one that is saddled with massive debt.…

  • If Iran can’t export oil from Gulf, no other country can, Iran’s president says

    GENEVA (Reuters) – Iranian President Hassan Rouhani made an apparent threat on Tuesday to disrupt other countries’ oil shipments through the Gulf if Washington presses ahead with efforts to halt Iranian oil exports. Iranian President…

  • Visa, Mastercard propose merchants’ tourist card fee cut to end EU probe

    FILE PHOTO: A Mastercard logo is seen on a credit card in this picture illustration August 30, 2017. REUTERS/Thomas White/File Photo BRUSSELS (Reuters) – Visa (V.N) and Mastercard (MA.N) have offered to cut merchants’ charges…

  • China Development Bank to finance eight Airbus aircraft purchases for HNA

    FILE PHOTO: A HNA Group logo is seen on the building of HNA Plaza in Beijing, China February 9, 2018. REUTERS/Jason Lee BEIJING (Reuters) – The aviation leasing arm of China Development Bank said it…

  • Amazon.com briefly Wall Street’s most valuable company

    SAN FRANCISCO (Reuters) – Amazon.com (AMZN.O) briefly became the most valuable company on Wall Street in intraday trade on Monday, days after Microsoft Corp (MSFT.O) dethroned long-time leader Apple Inc (AAPL.O). FILE PHOTO: The Amazon…

  • Trump tweets China to cut tax on U.S.-made cars, revs up auto stocks

    WASHINGTON/SHANGHAI (Reuters) – U.S. President Donald Trump said China had agreed to cut import tariffs on American-made cars, buoying shares in BMW (BMWG.DE) and Daimler AG (DAIGn.DE) who manufacture in the United States for export…

  • Oil prices surge after U.S., China suspend trade hostilities

    SINGAPORE (Reuters) – Oil prices surged on Monday after the United States and China agreed to a 90-day truce in their trade war, and ahead of a meeting this week by producer club OPEC that…

  • Exclusive: Nexstar clinches $4.1 billion deal to acquire Tribune Media – sources

    The tower of Tribune Broadcasting Los Angeles affiliate KTLA 5 is seen in Hollywood, Los Angeles, California, U.S., July 17, 2018. REUTERS/Lucy Nicholson (Reuters) – Nexstar Media Group Inc has reached an agreement to acquire…

  • U.S., China agree trade war ceasefire after Trump, Xi summit

    BUENOS AIRES (Reuters) – China and the United States agreed to a ceasefire in their bitter trade war on Saturday after high-stakes talks in Argentina between U.S. President Donald Trump and Chinese President Xi Jinping,…

  • U.S., China declare 90-day halt to new tariffs, White House says

    U.S. President Donald Trump, U.S. President Donald Trump’s national security adviser John Bolton, U.S. Treasury Secretary Steven Mnuchin attend a working dinner with Chinese President Xi Jinping after the G20 leaders summit in Buenos Aires,…

  • Summit backs WTO reform ahead of Trump, Xi trade talks

    BUENOS AIRES (Reuters) – The leaders of the world’s largest economic powers on Saturday backed an overhaul of the global body that regulates international trade disputes, ahead of high-stakes talks between U.S. President Donald Trump…

  • Trump-Xi meeting puts stock market on edge

    NEW YORK (Reuters) – Trade tensions that have clouded Wall Street’s outlook for more than eight months will come to a head this weekend at a global political summit, with investors bracing for a range…

  • Losses at Einhorn’s hedge fund Greenlight grow in November

    FILE PHOTO – David Einhorn, President of Greenlight Capital, Inc., presents during the 2018 Sohn Investment Conference in New York City, U.S., April 23, 2018. REUTERS/Brendan McDermid BOSTON (Reuters) – Billionaire investor David Einhorn told…

  • Oil drops; losses limited by hopes of OPEC, Russia output cut

    NEW YORK (Reuters) – Oil prices edged lower on Friday due to concerns of oversupply but losses were limited by expectations that the Organization of the Petroleum Exporting Countries (OPEC) and Russia would agree some…

  • World leaders set to convene Argentina summit clouded by disputes

    BUENOS AIRES (Reuters) – A summit of the world’s top economies will open on Friday with leaders struggling over fallout from a U.S.-China trade war that has roiled global markets and bracing for the kind…

  • Trade deal possible at G20 but Chinese paper says U.S. must be ‘fair minded’

    SHANGHAI (Reuters) – China and the United States can reach a trade agreement at the G20 meeting in Argentina this week, the state-run China Daily newspaper said in an editorial on Friday, but Washington must…

  • Twitter tumbles on fear of conservative backlash

    SAN FRANCISCO (Reuters) – Shares of Twitter Inc (TWTR.N) tumbled 6 percent on Thursday after reports that Fox News had not tweeted for three weeks sparked fears of a backlash by conservatives protesting a perceived…

  • Deutsche searched in money laundering probe over Panama Papers

    FRANKFURT (Reuters) – Around 170 police officers, prosecutors and tax inspectors searched six Deutsche Bank (DBKGn.DE) offices in and around Frankfurt on Thursday over money laundering allegations, the Frankfurt public prosecutor’s office said in a…

  • Two U.S. pipelines rack up violations, threaten industry growth

    MEDIA, PENNSYLVANIA (Reuters) – Energy Transfer LP (ET.N) and its Sunoco pipeline subsidiary have racked up more than 800 state and federal permit violations while racing to build two of the nation’s largest natural gas…

  • U.S. third-quarter growth unrevised; headwinds increasing

    WASHINGTON (Reuters) – The U.S. economy slowed in the third quarter as previously reported, but the pace was likely strong enough to keep growth on track to hit the Trump administration’s 3 percent target this…

  • Insurer AXA raises profit targets in wake of $15 billion XL deal

    PARIS (Reuters) – AXA (AXAF.PA), Europe’s second-biggest insurer, expects its profitability to improve in the next two years thanks to U.S. business brought in by its new XL arm, and said it would now focus…

  • Asian shares tentative ahead of Trump-Xi meeting, Fed speech

    SYDNEY (Reuters) – Asian shares dithered on Wednesday and the dollar jumped to a near 1-1/2-year top as risk assets rowed back amid conflicting signals on prospects for de-escalating the Sino-U.S. trade dispute. An investor…

  • Opening on Thanksgiving hurts retailers more than it helps

    NEW YORK (Reuters) – As store sales fall and purchases shift online over the Thanksgiving weekend, most U.S. retailers have boosted their web offerings but many still overlook the sales impact from opening their doors…

  • Sino-U.S. trade tensions put brakes on stocks rally

    LONDON (Reuters) – Stock markets fought to keep a global rebound alive on Tuesday after U.S. President Donald Trump seemed to quash hopes of a trade truce with China, clouding what had been a bright…

  • Norwegian Air to introduce its first flights to Brazil in 2019

    FILE PHOTO: Parked Boeing 737-800 aircrafts belonging to budget carrier Norwegian Air are pictured at Stockholm Arlanda Airport, Sweden, in this March 6, 2015 file photo. REUTERS/Johan Nilsson/TT News Agency/File Photo OSLO (Reuters) – Budget…

  • British, Dutch regulators fine Uber for 2016 data hack

    FILE PHOTO: The Uber application is seen on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah McKay/File Photo (Reuters) – British and Dutch regulators on Tuesday fined ride-hailing service Uber Technologies Inc for…

  • Oil falls on record Saudi output; eyes G20 and OPEC

    LONDON (Reuters) – Oil prices fell on Tuesday, depressed by record Saudi Arabian production even as the kingdom tried to persuade other exporters to agree output cuts ahead of an OPEC meeting next week. FILE…

  • Trump says he expects to raise China tariffs: Wall Street Journal

    Shipping containers are seen at a port in Shanghai, China July 10, 2018. REUTERS/Aly Song WASHINGTON (Reuters) – U.S. President Donald Trump said on Monday he expected to move ahead with raising tariffs on $200…

  • Japan’s Line teams up with Mizuho, Tencent; shares leap

    FILE PHOTO: A Tencent sign is seen during the fourth World Internet Conference in Wuzhen, Zhejiang province, China, December 4, 2017. REUTERS/Aly Song/File Photo TOKYO (Reuters) – Japanese chat app operator Line Corp (3938.T) will…

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