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Reuters: Business News



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Asian stocks rise, oil languishes near 10-month low on glut fears

Thu, 22 Jun 2017 01:49:06 -0400

SINGAPORE (Reuters) - Asian stocks advanced on Thursday, but oil futures hovered near a 10-month low hit overnight on concerns over a supply glut and falling demand.(image)



Exclusive: Sycamore Partners close to deal to acquire Staples - sources

Wed, 21 Jun 2017 20:00:28 -0400

(Reuters) - Private equity firm Sycamore Partners is in advanced talks to acquire Staples Inc following an auction for the U.S. office supplies retailer, people familiar with the matter said on Wednesday, in a deal that could top $6 billion.(image)



Takata to file for bankruptcy Monday, SMFG to provide bridge loan: sources

Thu, 22 Jun 2017 02:04:21 -0400

TOKYO (Reuters) - Takata Corp will seek bankruptcy protection from creditors on Monday, two sources said, as the Japanese company faces billions of dollars in liabilities stemming from the biggest recall in automotive history.(image)



Home Capital to get C$2 billion loan from Berkshire Hathaway

Thu, 22 Jun 2017 01:39:20 -0400

(Reuters) - Home Capital Group Inc said billionaire Warren Buffett's Berkshire Hathaway Inc will provide a new C$2 billion ($1.50 billion) line of credit to its unit Home Trust Co, ending the Canadian lender's strategic review process.(image)



UK competition watchdog clears Standard Life-Aberdeen deal

Thu, 22 Jun 2017 02:23:04 -0400

(Reuters) - Britain's competition watchdog said it had cleared Standard Life's 11 billion pound ($14 billion) deal to buy Aberdeen Asset Management , paving the way for the tie-up which will create the country's biggest listed asset manager.(image)



Boeing's Conner bows out with $1.2 billion air show deal

Wed, 21 Jun 2017 23:16:43 -0400

PARIS (Reuters) - Boeing Vice Chairman Ray Conner on Wednesday sealed his last air show deal before retiring, signing off with the conversion of ten orders to the new 737 MAX 10 model for Donghai Airlines in China, where near-record traffic growth is powering aviation.(image)



China's Dalian Wanda Group denies 'rumors' of bond sales

Thu, 22 Jun 2017 01:13:29 -0400

BEIJING (Reuters) - China's Dalian Wanda Group Co denied as "malicious speculation" that some Chinese banks had ordered the sale of its bonds, the company said in a statement on Thursday.(image)



Mexico's Supreme Court rules in spat related to telecom reform

Wed, 21 Jun 2017 23:10:55 -0400

MEXICO CITY (Reuters) - Mexico's Supreme Court ruled on Wednesday in a spat over interconnection rates paid between telecommunications firm America Movil and rivals that touches on a bigger case related to an antitrust reform the company is fighting.(image)



Wisconsin one of six U.S. states Foxconn, Sharp considering for plant

Thu, 22 Jun 2017 01:03:49 -0400

TAIPEI (Reuters) - Foxconn , the world's largest contract electronics maker, is looking at six U.S. states including Wisconsin as locations for a display-making plant and would make a decision next month, top executives said on Thursday.(image)



Iran's Zagros Airlines commits to buying 28 Airbus aircraft

Thu, 22 Jun 2017 02:30:22 -0400

PARIS (Reuters) - Iran's Zagros Airlines has signed a memorandum of understanding (MoU) to buy 28 new Airbus planes, comprising 20 A320neo jets and eight A330neo aircraft, Airbus said in a statement.(image)