Business

5:03am, 3rd September, 2019

Business

Executive's flight to PSA highlights Renault-Nissan alliance tensions

A senior Renault-Nissan executive has quit the troubled carmaking alliance to join Peugeot maker PSA Group , blaming Renault boss Thierry Bollore for forcing his exit.

1:30am, 5th August, 2019

Business

KKR buyout at Axel Springer clears minimum acceptance threshold

KKR's offer to buy out minority shareholders in Axel Springer has cleared its minimum acceptance threshold of 20%, both firms said on Monday, bringing a plan to take the German publisher private closer to completion.

9:26pm, 4th August, 2019

Business

Huawei tests smartphone with own operating system, possibly for sale this year: Chinese state media

Huawei Technologies Co Ltd is testing a smartphone equipped with Hongmeng, the company's self-developed operating system, which could potentially go on sale by the end of this year, Chinese state-media outlet Global Times reported.

5:22pm, 4th August, 2019

Business

Fiat Chrysler CEO: We'll talk alliances, but we can go it alone

Fiat Chrysler Automobiles Chief Executive has a message for Renault SA and other would-be partners: We are happy to talk, but we can go it alone.

1:07am, 4th August, 2019

Business

How a shadow banking crisis sent India's autos sector into a tailspin

Sudhir Gharpure and his sales team sat chatting at a big Maruti Suzuki dealership on the outskirts of Mumbai some two hours after its doors were opened on a recent Saturday morning - not a single customer was in sight.

4:59pm, 3rd August, 2019

Business

Saudi energy minister says he discussed oil markets with Russian counterpart

Saudi energy minister Khalid Al-Falih discussed oil markets with his Russian counterpart and stressed that Saudi Arabia would continue to comply with production cuts until the end of Q1 2020, he said in a tweet on Saturday.

12:55pm, 3rd August, 2019

Business

U.S. court rules against Maduro bid to oust opposition-backed Citgo board

The board of Citgo Petroleum [PDVSAC.UL] appointed by Venezuela's congress chief was properly seated, a U.S. court ruled, dealing a blow to contested Venezuelan President Nicolas Maduro's efforts to retake control of the Texas-based refiner...

8:51am, 3rd August, 2019

Business

Insurance, economy weigh on Berkshire Hathaway operating profit

Berkshire Hathaway Inc on Saturday said its quarterly operating profit fell more than analysts expected, as weaker results from insurance underwriting and a slowing economy weighed on the conglomerate run by billionaire Warren Buffett.

8:39pm, 2nd August, 2019

Business

Nissan wants Renault to reduce stake to revive Renault-FCA deal talks: WSJ

Carmakers Nissan Motor Co and Renault SA are trying to reach a deal to reshape their global alliance, in hopes of reviving Renault's merger talks with Italy's Fiat Chrysler Automobiles NV , the Wall Street Journal reported on Friday, citing...

4:35pm, 2nd August, 2019

Business

Stocks, yields tumble as trade frictions unnerve traders

A measure of stocks across the globe posted on Friday its largest weekly loss of the year while yields in U.S. and German debt were near or at multi-year lows, after China vowed to retaliate against a possible new round of U.S. tariffs.

12:31pm, 2nd August, 2019

Business

Google to allow rival search engines to compete on Android - at a price

Alphabet Inc's Google will allow rivals to compete to be the default search engines on new Android devices in Europe, but they will have to pay for the privilege.

8:27am, 2nd August, 2019

Business

Wall Street set to open lower after Trump's tariff threat, slow job growth

Wall Street was set to open lower on Friday after a sharp escalation in U.S.-China trade tensions and tepid job growth in July reinforced fears of a global economic slowdown.

4:23am, 2nd August, 2019

Business

China warns of retaliation after Trump threatens fresh tariffs

China on Friday said it would not be blackmailed and warned of retaliation after U.S. President Donald Trump vowed to slap a 10% tariff on $300 billion of Chinese imports from next month, sharply escalating a trade dispute between the world's bi...

12:19am, 2nd August, 2019

Business

Campbell confirms sale of Australian snacks unit Arnott's to KKR for $2.2 billion

Campbell Soup Co on Friday confirmed that it signed a deal to sell its Australian snacks unit Arnott's and some of its international operations to KKR & Co Inc for $2.2 billion as the U.S. company works on reducing debt.

8:15pm, 1st August, 2019

Business

Trump hits China with more tariffs, says Xi moving too slow on trade

U.S. President Donald Trump said he plans to impose a 10% tariff on $300 billion of Chinese imports from Sept. 1 and could raise tariffs further if China's President Xi Jinping fails to move more quickly to strike a trade deal.

4:11pm, 1st August, 2019

Business

U.S. charges ex-CEO, ex-CFO of Brixmor REIT with fraud

A former chief executive officer and former chief financial officer of Brixmor Property Group Inc were charged on Thursday with accounting fraud for manipulating a key financial metric for the large shopping center owner and operator.

12:07pm, 1st August, 2019

Business

China sees intensive contact ahead of next trade talks; small U.S. soybean sales reported

U.S. and Chinese negotiating teams will be in intensive contact to prepare "good groundwork" for trade talks in September, the commerce ministry said on Thursday, as Washington confirmed China's first private purchase of soybeans since a tariff...

8:03am, 1st August, 2019

Business

Thomson Reuters raises outlook, grows fastest since financial crisis

Thomson Reuters Corp raised its sales and core profit outlook for 2019 and 2020 on Thursday after reporting 4% organic revenue growth in the second quarter, which it said was its best since 2008 and ahead of its expectations.

4:00am, 1st August, 2019

Business

Making sense of chaos? Algos scour social media for clues to crypto moves

(This July 17 story corrects typographical error in first subhead.)

11:56pm, 31st July, 2019

Business

Oil slips 1% after Fed disappoints, U.S. crude output rises

Oil prices skidded on Thursday, declining for the first time in six days, after the U.S. Federal Reserve dampened hopes for a string of interest rate cuts and Sino-U.S. talks ended without apparent progress towards resolving a bitter trade dispute.