Subscribe to Latest Business News feed Latest Business News 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 institutions, businesses and individuals.
Updated: 9 hours 27 min ago

Luxury online reseller The RealReal soars 40% in debut

Fri, 06/28/2019 - 22:33
Shares of U.S. online luxury reseller The RealReal Inc jumped 40% in their debut on Friday, giving it a market capitalization of $2.32 billion and signalling investor appetite for listings of consumer companies.

U.S. senator says he's blocking USDA nominees over biofuel waivers

Fri, 06/28/2019 - 22:30
Senator John Kennedy of oil refining state Louisiana is blocking the confirmation of three senior appointees to the Department of Agriculture until the department butts out of parts of the administration’s biofuels policy, according to a letter he sent this week to Agriculture Secretary Sonny Perdue.

Heatwave seen trimming, not slashing EU grain harvest

Fri, 06/28/2019 - 22:17
A record-breaking heatwave in western Europe may trim grain harvest production but the searing heat is not expected to last long enough to cause the kind of severe crop losses seen during a drought last year.

Global funds favour bonds on lower-for-longer rates view

Fri, 06/28/2019 - 22:13
Fund managers increased their recommendations for bond holdings for the sixth straight month in June, to the highest since at least the start of 2013, and cut equities for a fourth consecutive month, a Reuters poll found.

Sluggish demand to squeeze oil price gains as OPEC+ seen stemming supply

Fri, 06/28/2019 - 22:11
Oil prices could stall as a slowing global economy squeezes demand and U.S. crude floods the market, despite an expected extension by OPEC and its allies of their output-cutting pact next week, a Reuters monthly poll showed on Friday.

Air France and KLM to swap Boeing and Airbus orders in efficiency drive

Fri, 06/28/2019 - 22:05
Air France-KLM said its separate Air France and KLM airline units would be swapping over some remaining orders from Boeing and Airbus, in a move which Air France KLM said would help its fleet run more efficiently.

Goals Soccer Centres reports higher UK sales

Fri, 06/28/2019 - 21:57
Mike Ashley-backed Goals Soccer Centres on Friday reported a 10.8% rise in UK gross comparable sales for the 25 weeks ended June 22 and said its sites in the United States were trading strongly.

Accenture's fall in bookings dampens upbeat quarterly profit, forecast

Thu, 06/27/2019 - 23:44
Consulting and outsourcing services provider Accenture Plc reported a 9% fall in quarterly bookings on Thursday, overshadowing better-than-expected third-quarter results and an upbeat full-year forecast.

Gold eases on U.S.-China trade optimism, holds above $1,400 per oz

Thu, 06/27/2019 - 23:39
Gold steadied on Thursday as investors looked for further cues from trade talks between the United States and China, which bolstered risk appetite and lifted the dollar, but the metal held on to support around the key $1,400 per ounce pivot.

Wall St. holds on to gains ahead of G20 summit

Thu, 06/27/2019 - 23:23
U.S. stocks were modestly higher on Thursday, propped up by financials, but caution reigned in the build-up to U.S.-China trade talks at the G20 summit this weekend.

BMW board to decide on CEO's future at July meeting: Handelsblatt

Thu, 06/27/2019 - 23:12
The supervisory board of BMW will meet on July 18-19 to decide on the future of group CEO Harald Krueger, German newspaper Handelsblatt reported on Thursday.

Mexico's president defiant in row with Canada over pipeline contracts

Thu, 06/27/2019 - 23:00
Mexican President Andres Manuel Lopez Obrador pushed backed on Thursday against Canadian concerns that gas pipeline contracts awarded under his predecessor might not be honored, saying the terms of the agreements were "abusive" toward the state.

Airlines cancel more Boeing 737 MAX flights as some crash victims refuse to settle

Thu, 06/27/2019 - 22:59
Southwest Airlines Co will not schedule Boeing 737 MAX flights until at least Oct. 1, the airline said on Thursday, just as the families of some Ethiopian Airline crash victims told a Chicago judge they are not ready to settle litigation.

Ex UBS compliance officer jailed for insider dealing

Thu, 06/27/2019 - 22:52
A London judge on Thursday sentenced both a former UBS compliance officer and her day-trader friend to three years in jail after they were convicted by a jury of insider dealing.

U.S. economic growth surges in first quarter, but momentum fizzling

Thu, 06/27/2019 - 22:47
U.S. economic growth accelerated in the first quarter, the government confirmed on Thursday, but the export and inventory boost to activity masked weakness in domestic demand, some of which appears to have prevailed in the current period.

Indian government clarifies still planning to sell Air India

Thu, 06/27/2019 - 22:40
India clarified on Thursday that plans to sell debt-laden state-run carrier Air India were still on track, hours after a junior minister told parliament the privatisation was on hold because of high oil prices and volatile exchange rates.

China footwear retail unit files for Hong Kong IPO to raise $1 billion

Thu, 06/27/2019 - 22:39
Chinese footwear retailer Belle International filed plans on Thursday to spin off its sportswear business via a Hong Kong initial public offering, a deal which two sources with knowledge of the matter said could raise $1 billion.

Exclusive: Nissan, Dongfeng in talks to form fleet-management venture with Didi - sources

Thu, 06/27/2019 - 22:37
Nissan Motor Co and its China partner Dongfeng Group are in talks with Didi Chuxing to launch a joint venture to manage car fleets for Didi's ride-hailing and car-sharing services, five people familiar with the discussions told Reuters.

IBM gains unconditional EU approval for $34 billion Red Hat deal

Thu, 06/27/2019 - 22:11
U.S. tech giant International Business Machines Corp on Thursday won unconditional EU antitrust approval for its $34 billion acquisition of software company Red Hat.

Facebook outlines ideas for oversight board

Thu, 06/27/2019 - 22:04
Facebook Inc on Thursday released the findings from its consultations with outside experts into its content review process, providing a glimpse into how its plans for a proposed "external oversight board" might take shape.