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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



 



Activist investor calls Hong Kong market rout

Wed, 28 Jun 2017 04:10:27 -0400

HONG KONG (Reuters) - Six weeks ago, David Webb, an activist investor and former director of the Hong Kong exchange, issued a report titled "The Engima Network: 50 stocks not to own". On Tuesday, most of the shares he named abruptly plunged, pointing to chronic regulatory problems over small-cap shares in the Asian financial hub.(image)



Euro, bond yields drive higher on ECB scale-back bets

Wed, 28 Jun 2017 04:41:12 -0400

LONDON (Reuters) - The euro hit a 1-year high on Wednesday and German 10-year Bund yields continued to rise after doubling the previous day, as bets grew that the European Central Bank is readying to scale back its 2-trillion-euro stimulus programme.(image)



Philips to buy medical device maker Spectranetics for 1.9 billion euros

Wed, 28 Jun 2017 05:27:34 -0400

AMSTERDAM (Reuters) - Dutch healthcare company Philips has agreed to buy U.S.-based Spectranetics Corp , a maker of devices to treat heart disease, for 1.9 billion euros ($2.16 billion) including debt, as it expands its image-guided therapy business.(image)



Alibaba spending $1 billion to raise stake in Southeast Asia's Lazada

Wed, 28 Jun 2017 05:04:47 -0400

SINGAPORE (Reuters) - Chinese e-commerce giant Alibaba Group Holding Ltd will invest an additional $1 billion in Southeast Asian online retailer Lazada Group, boosting its stake by nearly a third to 83 percent, the two companies said in a joint statement.(image)



Exclusive: Halliburton in talks to buy billionaire Kaiser's equipment firm - sources

Wed, 28 Jun 2017 06:04:56 -0400

HOUSTON (Reuters) - Halliburton Co is in late-stage talks to acquire a fast-growing U.S. oilfield equipment supplier backed by Oklahoma energy and banking billionaire George Kaiser, according to sources familiar with the matter.(image)



Japan, EU press ahead on free trade pact to counter U.S. protectionism

Wed, 28 Jun 2017 03:01:19 -0400

TOKYO (Reuters) - Japanese and European Union negotiators meeting in Tokyo aim to reach a free trade deal that would stand against a protectionist tide threatening the global economy, and make the United States think twice over pursuing inward-looking policies.(image)



Nissan’s premium brand Infiniti courts NBA’s Stephen Curry

Wed, 28 Jun 2017 05:11:50 -0400

BEIJING (Reuters) - Japanese automaker Nissan Motor Co Ltd's premium brand Infiniti will announce a marketing agreement with U.S. basketball star Stephen Curry on Wednesday, according to a company statement seen by Reuters.(image)



Oil pipeline firms' discounts rile clients, roil markets

Wed, 28 Jun 2017 06:03:46 -0400

NEW YORK (Reuters) - U.S. pipeline operators are selling their underused space at steep discounts to keep crude flowing - angering shippers and distorting an already opaque market for oil trading.(image)



Japan Tobacco tries to catch up with rival in smokeless tobacco

Wed, 28 Jun 2017 01:12:56 -0400

TOKYO (Reuters) - Japan Tobacco Inc said on Wednesday it hoped to catch up with Philip Morris International Inc in smokeless tobacco by expanding the number of smoke-free restaurants and public places that allow its vaping product.(image)



'Pharma bro' Martin Shkreli's notoriety slows New York jury selection

Tue, 27 Jun 2017 19:51:41 -0400

NEW YORK (Reuters) - Jury selection in the New York trial of former drug company executive Martin Shkreli will enter its third day Wednesday, after some potential jurors said they could not be fair to a man who gained notoriety by raising the price of a life-saving drug more than 5,000 percent.(image)