Reuters: Business News

Asian shares fragile as Trump turmoil, Korea tensions weigh

Mon, 21 Aug 2017 01:55:07 -0400

TOKYO (Reuters) - Asian shares were fragile on Monday as investors remained unconvinced about U.S. President Donald Trump's ability to fulfill his economic agenda, even as the departure of his controversial policy strategist raised hopes of some progress.(image)

Sempra Energy to buy Oncor for $9.45 billion in cash

Mon, 21 Aug 2017 03:06:44 -0400

(Reuters) - Sempra Energy said it will buy power transmission company Oncor, 80 percent owned by Energy Future Holdings Corp, for $9.45 billion in cash, resolving the Texas utility's long-standing bankruptcy case.(image)

Shift from non-GAAP bottom lines could be good for stock prices

Sun, 20 Aug 2017 23:54:48 -0400

SAN FRANCISCO (Reuters) - Investors worried about lofty stock-market valuations may take comfort in signs that companies in the benchmark S&P 500 index are padding their bottomlines less than they have in previous years.(image)

Uber hikes Hong Kong fees amid legal troubles

Mon, 21 Aug 2017 01:52:24 -0400

HONG KONG (Reuters) - Uber Technologies Inc on Monday hiked its Hong Kong fees by up to 80 percent after a review of its business there, the embattled ridesharing company said, adding it was not having issues financing its operations in the Asian financial hub.(image)

China's Great Wall confirms interest in Fiat Chrysler

Mon, 21 Aug 2017 04:24:39 -0400

BEIJING/SHANGHAI (Reuters) - China's Great Wall Motor Co Ltd is interested in bidding for Fiat Chrysler Automobiles (FCA) , a company official said on Monday, confirming earlier reports that it is pursuing all or part of the owner of brands including Jeep and truckmaker Ram.(image)

U.S. did not detail request for auto rules of origin at NAFTA talks: source

Sat, 19 Aug 2017 19:51:27 -0400

WASHINGTON (Reuters) - In the opening NAFTA session of talks, the United States did not give precise details of how much it wanted to boost North American content for autos, a source directly familiar with the negotiations said on Saturday.(image)

Summer rumblings could herald a stormy fall for U.S. stocks

Fri, 18 Aug 2017 15:05:48 -0400

NEW YORK (Reuters) - The Trump-fed rally in stocks, lately showing signs of faltering as the long Wall Street summer nears its end, faces a key test in the weeks ahead with the approach of a historically unkind season for equities and a clutch of issues - such as raising the debt ceiling - awaiting the return of lawmakers to Washington.(image)

Stability concerns focus at Fed ahead of Yellen speech

Fri, 18 Aug 2017 13:12:26 -0400

WASHINGTON (Reuters) - The stock market's steady rise, still low long-term bond yields and a sagging dollar are girding the Fed's intent to raise interest rates again this year despite concerns about weak inflation, according to comments this week from Fed officials and analysts anticipating remarks next week by Chair Janet Yellen.(image)

Oil dips on rising U.S. output, but drilling activity slows

Mon, 21 Aug 2017 02:46:38 -0400

SINGAPORE (Reuters) - Oil dipped on Monday, weighed down by rising U.S. output although a 13 percent fall in U.S. crude inventories since March indicated a gradually tightening market.(image)

Exclusive: Hyundai Motor Group faces government calls to address 'big governance risk'

Mon, 21 Aug 2017 04:03:33 -0400

SEOUL (Reuters) - South Korea's new antitrust chief said he has been in talks with the autos-to-steel conglomerate Hyundai Motor Group about overhauling its complex ownership structure, which critics say gives too much power to its controlling family at the expense of shareholders.(image)

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