Reuters: Business News

    China's growth set to slow to 6.3 percent in 2019, more stimulus seen: Reuters poll


    China's economy is expected to cool further this year as domestic demand weakens and exports are hit by U.S. tariffs, a Reuters poll showed on Thursday, reinforcing views Beijing will need to roll out more stimulus measures. ...

    China's economy is expected to cool further this year as domestic demand weakens and exports are hit by U.S. tariffs, a Reuters poll showed on Thursday, reinforcing views Beijing will need to roll out more stimulus measures.

    Stock markets mixed in Asia, pound finds some peace


    Asian stocks nudged higher on Thursday after see-sawing through a subdued session on concerns over China's economic outlook, while an anti-climactic end to the latest chapter in the Brexit saga offered sterling a moment's peace. ...

    Asian stocks nudged higher on Thursday after see-sawing through a subdued session on concerns over China's economic outlook, while an anti-climactic end to the latest chapter in the Brexit saga offered sterling a moment's peace.

    Apple, Amazon called out for 'incorrect' Taiwan, Hong Kong references


    One of China's top government-linked think tanks has called out Apple Inc, Amazon.com Inc and other foreign companies for not referring to Hong Kong and Taiwan as part of China in a report that provoked a stern reaction from Taipei. ...

    One of China's top government-linked think tanks has called out Apple Inc, Amazon.com Inc and other foreign companies for not referring to Hong Kong and Taiwan as part of China in a report that provoked a stern reaction from Taipei.

    Exclusive: British Lotus cars to be 'Made in China' at new Geely plant: documents


    The Chinese owner of Lotus plans to start producing the British sports car brand in China for the first time with the opening of a new 9 billion yuan ($1.3 billion) factory in Wuhan city, company job advertisements and government documents showed. ...

    The Chinese owner of Lotus plans to start producing the British sports car brand in China for the first time with the opening of a new 9 billion yuan ($1.3 billion) factory in Wuhan city, company job advertisements and government documents showed.

    U.S. lawmakers introduce bipartisan bills targeting China's Huawei and ZTE


    A bipartisan group of U.S. lawmakers introduced bills on Wednesday that would ban the sale of U.S. chips or other components to Huawei Technologies Co Ltd [HWT.UL], ZTE Corp or other Chinese telecommunications companies that violate U.S. sanctions or...

    A bipartisan group of U.S. lawmakers introduced bills on Wednesday that would ban the sale of U.S. chips or other components to Huawei Technologies Co Ltd [HWT.UL], ZTE Corp or other Chinese telecommunications companies that violate U.S. sanctions or export control laws.

    John Bogle, Vanguard founder and low-cost investing pioneer, dies at 89


    John Bogle, whose family's struggles during the Great Depression led him to pioneer low-cost investing and to found Vanguard Group, now the world's biggest mutual fund firm, died on Wednesday at the age of 89, Vanguard said. ...

    John Bogle, whose family's struggles during the Great Depression led him to pioneer low-cost investing and to found Vanguard Group, now the world's biggest mutual fund firm, died on Wednesday at the age of 89, Vanguard said.

    S&P cuts rating on PG&E unit in third such cut this month


    S&P cut its rating on PG&E Corp's Pacific Gas & Electric Co unit on Wednesday, making it the third such cut this month, after the unit missed interest payments on its 2040 senior notes. ...

    S&P cut its rating on PG&E Corp's Pacific Gas & Electric Co unit on Wednesday, making it the third such cut this month, after the unit missed interest payments on its 2040 senior notes.

    Boeing-Lockheed's Vulcan rocket design 'nearly fully mature'


    A joint venture between Boeing Co and Lockheed Martin Corp will conduct the final design review for its new flagship Vulcan rocket within months, it said on Wednesday, as the aerospace company heads for a showdown with Elon Musk's SpaceX and others in...

    A joint venture between Boeing Co and Lockheed Martin Corp will conduct the final design review for its new flagship Vulcan rocket within months, it said on Wednesday, as the aerospace company heads for a showdown with Elon Musk's SpaceX and others in the launch services market.

    In Papua New Guinea, Exxon's giant LNG project fuels frustration


    From her red-roofed home near Papua New Guinea's capital of Port Moresby, Isabelle Dikana Iveiri overlooks a giant plant used by Exxon Mobil Corp to liquefy billions of dollars' worth of natural gas before it is shipped to Asian buyers. ...

    From her red-roofed home near Papua New Guinea's capital of Port Moresby, Isabelle Dikana Iveiri overlooks a giant plant used by Exxon Mobil Corp to liquefy billions of dollars' worth of natural gas before it is shipped to Asian buyers.

    Sears chairman prevails in bankruptcy auction for retailer with $5.2 billion bid: sources


    Sears Holdings Corp Chairman Eddie Lampert prevailed in a bankruptcy auction for the U.S. department store chain with an improved takeover bid of roughly $5.2 billion, allowing the 126-year-old retailer to keep its doors open, people familiar with the...

    Sears Holdings Corp Chairman Eddie Lampert prevailed in a bankruptcy auction for the U.S. department store chain with an improved takeover bid of roughly $5.2 billion, allowing the 126-year-old retailer to keep its doors open, people familiar with the matter said Wednesday.

    Germany considering ways to exclude Huawei from 5G auction: report


    The German government is actively considering stricter security requirements and other ways to exclude China's Huawei Technologies [HWT.UL] from a buildout of fifth-generation (5G) mobile networks, the Handelsblatt newspaper reported. ...

    The German government is actively considering stricter security requirements and other ways to exclude China's Huawei Technologies [HWT.UL] from a buildout of fifth-generation (5G) mobile networks, the Handelsblatt newspaper reported.

    Trump 'inclined' to impose new U.S. auto tariffs: senator


    U.S. President Donald Trump is likely to move ahead with tariffs on imported vehicles, a move that could prompt the European Union to agree a new trade deal, said Senate Finance Committee Chairman Charles Grassley on Wednesday. ...

    U.S. President Donald Trump is likely to move ahead with tariffs on imported vehicles, a move that could prompt the European Union to agree a new trade deal, said Senate Finance Committee Chairman Charles Grassley on Wednesday.

    Hyundai, Kia issue new U.S. recall of 168,000 vehicles for fire risks


    Hyundai Motor Co and affiliate Kia Motors Corp said on Wednesday they will recall about 168,000 U.S. vehicles at risk of fuel leaks, after recalling them in 2017 for engine fire risks, and will offer software upgrades for 3.7 million vehicles. ...

    Hyundai Motor Co and affiliate Kia Motors Corp said on Wednesday they will recall about 168,000 U.S. vehicles at risk of fuel leaks, after recalling them in 2017 for engine fire risks, and will offer software upgrades for 3.7 million vehicles.

    Upbeat bank earnings send Wall Street to one-month highs


    Wall Street's major indexes hit one-month highs on Wednesday as strong earnings from Bank of America Corp and Goldman Sachs Group Inc boosted investor sentiment. ...

    Wall Street's major indexes hit one-month highs on Wednesday as strong earnings from Bank of America Corp and Goldman Sachs Group Inc boosted investor sentiment.

    Global auto leaders urge Trump administration to end trade turmoil


    Auto executives gathered in Detroit on Monday called on the Trump administration and Congress to resolve trade disputes, and end the government shutdown, saying political uncertainty is costing the industry. ...

    Auto executives gathered in Detroit on Monday called on the Trump administration and Congress to resolve trade disputes, and end the government shutdown, saying political uncertainty is costing the industry.

    Apple plans some hiring reductions after selling fewer iPhones: Bloomberg


    Apple Inc will cut back on hiring for some divisions after lower-than-expected iPhone sales and missing its revenue forecast for the holiday quarter, Bloomberg reported on Wednesday, citing sources familiar with the matter. ...

    Apple Inc will cut back on hiring for some divisions after lower-than-expected iPhone sales and missing its revenue forecast for the holiday quarter, Bloomberg reported on Wednesday, citing sources familiar with the matter.

    Airbus spends $300 million on new Alabama plant for A220 jet


    Airbus SE expanded its industrial presence in the United States on Wednesday, starting construction on a new assembly plant for the Canadian developed A220 jetliner, 18 months after agreeing to buy the plane in the midst of a U.S.-Ottawa trade dispute. ...

    Airbus SE expanded its industrial presence in the United States on Wednesday, starting construction on a new assembly plant for the Canadian developed A220 jetliner, 18 months after agreeing to buy the plane in the midst of a U.S.-Ottawa trade dispute.

    Sterling up after May wins confidence vote; stocks climb


    Major world stock indexes rose on Wednesday, with the S&P 500 supported by sharply higher U.S. bank shares after strong earnings, while the pound was up after British Prime Minister Theresa May's government won a confidence vote in parliament. ...

    Major world stock indexes rose on Wednesday, with the S&P 500 supported by sharply higher U.S. bank shares after strong earnings, while the pound was up after British Prime Minister Theresa May's government won a confidence vote in parliament.

    Businesses cry out for Brexit clarity, warn of no-deal chaos


    Business leaders in Britain and beyond warned on Wednesday of catastrophic job losses and chaos at ports if the country does not agree a European Union withdrawal, turning up the heat on politicians to deliver clarity. ...

    Business leaders in Britain and beyond warned on Wednesday of catastrophic job losses and chaos at ports if the country does not agree a European Union withdrawal, turning up the heat on politicians to deliver clarity.