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Reuters: Business News



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 in



 



Exclusive: EU wants Google to stop anti-competitive Android practices, fine expected

Sat, 01 Oct 2016 14:23:30 -0400

BRUSSELS (Reuters) - EU antitrust regulators plan to order Alphabet's Google to stop paying financial incentives to smartphone makers to pre-install Google Search exclusively on their devices and warned the company of a large fine, an EU document showed.(image)



Germany's Merkel cannot afford to bail out Deutsche Bank: media

Sat, 01 Oct 2016 12:37:34 -0400

FRANKFURT (Reuters) - German Chancellor Angela Merkel cannot afford to bail out Deutsche Bank given the hard line Berlin has taken against state aid in other European nations and the risk of a political backlash at home, German media wrote on Saturday.(image)



A Deutsche Bank settlement overshadows U.S. equities

Fri, 30 Sep 2016 21:26:51 -0400

NEW YORK (Reuters) - Deutsche Bank will likely cast a pall over equity markets next week as the largest German lender navigates a possible multi-billion dollar settlement with the U.S. Department of Justice over the sale of mortgage-backed bonds.(image)



China factory activity expands again in September: official PMI

Fri, 30 Sep 2016 23:03:11 -0400

BEIJING (Reuters) - Activity in China's manufacturing sector expanded again in September, an official survey showed on Saturday, which may indicate that recent positive momentum can be sustained.(image)



Drop in U.S. consumer spending clouds Fed rate hike outlook

Fri, 30 Sep 2016 10:47:33 -0400

WASHINGTON (Reuters) - U.S. consumer spending fell in August for the first time in seven months while inflation showed signs of accelerating, mixed signals that could keep the Federal Reserve cautious about raising interest rates.(image)



China's yuan joins elite club of IMF reserve currencies

Sat, 01 Oct 2016 04:41:55 -0400

BEIJING (Reuters) - China's yuan joins the International Monetary Fund's basket of reserve currencies on Saturday in a milestone for the government's campaign for recognition as a global economic power.(image)



Yahoo hack may become test case for SEC data breach disclosure rules

Fri, 30 Sep 2016 17:24:29 -0400

WASHINGTON (Reuters) - Yahoo's disclosure that hackers stole user data from at least 500 million accounts in 2014 has highlighted shortcomings in U.S. rules on when cyber attacks must be revealed and their enforcement.(image)



Petronas weighs sale to exit $27 billion Canada LNG project: sources

Sat, 01 Oct 2016 01:23:26 -0400

KUALA LUMPUR/MILAN (Reuters) - Malaysian state oil firm Petroliam Nasional Bhd is considering selling its majority stake in a $27 billion Canadian liquefied natural gas (LNG) plant, three people familiar with the matter said this week.(image)



Viacom forms committee to consider Redstone's CBS merger push

Fri, 30 Sep 2016 16:42:38 -0400

(Reuters) - Viacom Inc said it had formed a special committee to consider National Amusements Inc's proposal to combine the company with CBS Corp .(image)



Zara owner Ortega buys $550 million Madrid skyscraper

Sat, 01 Oct 2016 07:17:41 -0400

MADRID (Reuters) - Amancio Ortega, Europe's richest man and founder of global fashion group and Zara owner Inditex , has bought one of Madrid's most famous skyscrapers for 490 million euros ($551 million) through his property investment arm, a source said.(image)