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Updated: 36 min 48 sec ago

Corrected: Saudi Binladin Group finance chief resigns following restructuring - sources

Mon, 03/18/2019 - 21:38
(This story has been refilled to correct typo in headline)

German lawmakers challenge deputy finance minister's Goldman link in bank merger

Mon, 03/18/2019 - 21:36
German lawmakers on Monday criticised deputy finance minister Joerg Kukies and Goldman Sachs on Monday, alleging a conflict of interest in the U.S. investment bank advising state-backed Commerzbank on a possible merger with Deutsche Bank.

U.S. firm FIS buys Worldpay for $35 billion in payments deal bonanza

Mon, 03/18/2019 - 21:25
By Justin George Varghese, Rachel Armstrong and Pamela Barbaglia

Venezuela may divert U.S.-bound oil to Rosneft, says Jose generator working

Mon, 03/18/2019 - 21:07
Venezuela may divert oil originally bound for the United States to Russian oil company Rosneft or other destinations due to U.S. sanctions, Venezuelan oil minister and president of state-run oil company PDVSA Manuel Quevedo said on Monday.

Oil close to four-month highs on OPEC-led output cuts, U.S. stock draw

Mon, 03/18/2019 - 20:58
Oil prices rose to around four-month highs on Monday, aided by the prospect of prolonged OPEC-led oil supply curbs and signs of inventory declines in U.S. crude stockpiles.

Wall Street inches higher ahead of Fed policy meeting

Mon, 03/18/2019 - 20:45
Wall Street edged higher on Monday as declines in Boeing and Facebook held gains in check and investors eyed this week's Federal Reserve meeting for affirmation of the central bank's commitment to "patient" monetary policy.

GM considers options for its Lyft stake following IPO

Mon, 03/18/2019 - 20:30
As Lyft Inc cruises towards an initial public offering this month, one of the big winners will be General Motors Co, whose stake in the ride-hailing firm could be worth as much as $1.27 billion.

L&T buys 20 percent of IT company Mindtree, targets more

Mon, 03/18/2019 - 20:25
Indian conglomerate Larsen & Toubro (L&T) is buying a 20.32 percent stake in IT services company Mindtree for 32.69 billion rupees ($476.57 million), it said on Monday.

U.S. judge says Rio Tinto must face SEC fraud case

Mon, 03/18/2019 - 20:18
A U.S. judge on Monday rejected Rio Tinto Plc's bid to dismiss a Securities and Exchange Commission lawsuit accusing the Anglo-Australian mining company of civil fraud in its handling of a failed investment in a Mozambique coal project.

Warner Bros CEO Kevin Tsujihara steps down

Mon, 03/18/2019 - 20:14
Warner Bros Chairman and Chief Executive Kevin Tsujihara has resigned from one of Hollywood's most powerful studios following a report that he improperly helped an actress obtain roles at the studio.

Exclusive: Saudi Arabia curbs family influence in Binladin group shake-up

Mon, 03/18/2019 - 20:13
The influence of Saudi Arabia's Bin Laden family on its eponymous construction business has been curtailed in a restructuring that follows an anti-corruption crackdown by Riyadh, a document seen by Reuters shows.

Ride-hailing firm Lyft launches IPO road show in Uber's shadow

Mon, 03/18/2019 - 19:54
Lyft Inc kicked off the investor road show for its initial public offering on Monday, targeting a valuation of up to $23 billion and seeking to woo money managers before larger ride-hailing rival Uber Technologies Inc goes public in April.

China rejects 'abnormal' U.S. spying concerns as EU pushes trade

Mon, 03/18/2019 - 19:35
China dismissed U.S. security warnings against its telecoms equipment maker Huawei as groundless and "abnormal" on Monday, as the Chinese government's top diplomat went to Brussels to cool growing European frustration over trade.

Former Steinhoff chairman Wiese open to talks over $4 billion claim

Mon, 03/18/2019 - 19:16
Former Steinhoff chairman and top shareholder Christo Wiese said on Monday he is open to negotiations over a $4 billion claim against the South African retailer, days after it revealed the scale of a devastating accounting fraud.

Exclusive: Sanofi says working on CEO succession plan

Mon, 03/18/2019 - 19:15
Pharmaceuticals group Sanofi is working on a plan to find a new CEO in agreement and consultation with current chief executive Olivier Brandicourt, a spokesman for the French drugmaker told Reuters on Monday.

Xerox says exploring potential deal for financing business

Mon, 03/18/2019 - 19:10
Xerox Corp said on Monday it was exploring the possibility of a "strategic transaction" for its customer financing business, which accounts for more than 65 percent of its overall debt.

Marriott to open 1,700 hotels, return $11 billion to shareholders by 2021

Mon, 03/18/2019 - 18:59
Marriott International Inc said on Monday it plans to open more than 1,700 hotels and return up to $11 billion to shareholders by 2021 as part of its three-year growth strategy, sending its shares up as much as 3 percent.

Germany, at last, launches 5G spectrum auction

Mon, 03/18/2019 - 18:55
Germany begins an auction of spectrum for next-generation 5G mobile networks on Tuesday, the outcome of which will play a decisive role in determining whether Europe's largest economy remains competitive in the digital age.

RCom pays Ericsson, says asset deal with Jio falls through

Mon, 03/18/2019 - 18:29
India's Reliance Communications Ltd (RCom) said on Monday it had paid Sweden's Ericsson for a contract in line with a court order but a deal to sell assets to Reliance Jio Infocomm had fallen through.

Two die in clashes outside Vedanta's alumina refinery in Odisha

Mon, 03/18/2019 - 18:02
A protester and a policeman died in clashes outside Vedanta Ltd's alumina refinery in Odisha, a police official said on Monday, less than a year after police killed 13 anti-Vedanta protesters in Tamil Nadu.