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Updated: 9 hours 37 min ago

British Airways, pilots' union agree preliminary pay deal to end dispute

Sat, 11/23/2019 - 00:36
British Airways and its pilots' union BALPA have reached a preliminary agreement to end the pay dispute that resulted in the first walkout by pilots in the airline's history, the union said on Friday.

Talks stall over thousands of job cuts at VW's Audi - sources

Sat, 11/23/2019 - 00:31
Volkswagen's premium unit Audi wants to cut thousands of jobs to fund a costly transition to electric vehicles, but talks with powerful labour representatives have hit a logjam, two sources familiar with the matter told Reuters.

Exclusive: Chevron CEO plans major cost-cutting overhaul of production teams - sources

Sat, 11/23/2019 - 00:07
Chevron Corp Chief Executive Michael Wirth is preparing sweeping changes at the No. 2 U.S. oil and gas company that would cut costs and streamline operations in a drive to boost profitability, according to people familiar with the matter.

Euro zone needs to create its own economic growth at home: ECB's Lagarde

Fri, 11/22/2019 - 19:39
The euro zone needs to create more of its economic growth at home, including via greater public investment, if it is to withstand weakness abroad and become more balanced internally, new European Central Bank President Christine Lagarde said on Friday.

Trump says we have a deal with China, "potentially very close"

Fri, 11/22/2019 - 19:38
U.S. President Donald Trump said on Friday that a trade deal with China is "potentially very close" and that he stands with both the people of Hong Kong and Chinese President Xi Jinping amid massive protests in Hong Kong.

Euro zone business activity gloomy in November, scant hope for improvement

Fri, 11/22/2019 - 19:34
Euro zone business growth has almost ground to a halt this month as a downturn in the manufacturing industry appears to be increasingly affecting the bloc's dominant services industry, a survey showed on Friday.

Tesla's electric pickup breaks the mould with angular design and armored glass

Fri, 11/22/2019 - 19:32
Tesla Inc on Thursday unveiled its electric pickup, a truck with a futuristic angular body in gunmetal gray that resembled an armored vehicle and takes aim at the heart of Detroit automakers' profits.

Shattered glass: Futuristic design questioned after Tesla Cybertruck launch

Fri, 11/22/2019 - 19:32
Tesla Inc's launch of its futuristic Cybertruck pickup suffered a setback when its "armoured glass" windows shattered but it was the overall look of the car that worried Wall Street on Friday, sending the company's shares lower.

First-half profit at South Africa's Naspers almost halves

Fri, 11/22/2019 - 19:26
South African e-commerce giant Naspers reported a 48% slump in half-year profit on Friday, at the better end of its guidance range after a previously-flagged drop in gains on investments at China's Tencent.

Oil holds near two-month high on OPEC+ extension expectations

Fri, 11/22/2019 - 19:13
Oil prices held near two-month highs on Friday, set for a third consecutive week of gains on expectations of an extension to OPEC+ production cuts, though concern over U.S.-China trade talks continue to hang over the market.

Pakistan's central bank holds key interest rate at 13.25%

Fri, 11/22/2019 - 19:11
Pakistan's central bank held its main policy rate at 13.25% on Friday, taking a second consecutive pause from a series of previous hikes as data pointed to a stabilising inflation rate.

Exclusive: Sanofi's strategy boss to leave as CEO readies revamp

Fri, 11/22/2019 - 18:50
Sanofi's most senior strategy boss is set to leave by the end of the month, according to a memo seen by Reuters, in the first major management change under new chief executive Paul Hudson as he shakes up the firm's priorities.

Exclusive: Unilever, Henkel and buyout funds eye bids for Coty's $7 billion beauty brands – sources

Fri, 11/22/2019 - 18:09
Consumer goods giants Unilever and Henkel and a series of buyout funds including Advent and Cinven are talking to U.S. cosmetics maker Coty to submit bids for some of its most popular beauty brands, three sources told Reuters.

Aramco IPO: It's a thanks but no thanks from Petronas

Fri, 11/22/2019 - 18:04
With Saudi Aramco yet to name any major foreign investors in its upcoming share sale, Malaysia's state energy company Petronas decided to take a pass on Friday.

Gazprom raises $3 billion from single buyer with discounted stake

Fri, 11/22/2019 - 18:03
Russia's Gazprom said on Friday it had raised nearly $3 billion by selling a 3.6% stake, which exchange data showed was bought by a single buyer, whose identity was not disclosed by the world's largest gas producer.

Bitcoin plummets to a six-month low on China crackdown

Fri, 11/22/2019 - 18:02
Bitcoin slumped to a six-month low on Friday after China's central bank launched a fresh crackdown on cryptocurrencies, warning of the risks entailed in issuing or trading them.

Indian banks' loans rose 8.1% in two weeks to November 8 - RBI

Fri, 11/22/2019 - 17:59
Indian banks' loans rose 8.1% in the two weeks to Nov. 8 from a year earlier, while deposits rose 9.9%, the Reserve Bank of India's weekly statistical supplement showed on Friday.

Global shares inch up, but trade worries linger

Fri, 11/22/2019 - 17:50
Global stocks inched up on Friday, lifted by China's renewed offer to work out a trade pact with Washington and despite signs that manufacturing in major eurozone economies was grinding to a halt.

North Sea oil producer Siccar Point attracts bids of up to $2 billion: sources

Fri, 11/22/2019 - 17:32
Bids for North Sea oil and gas firm Siccar Point, backed by private equity groups Blackstone and Blue Water Energy, came in at between $1.2 billion and just under $2 billion, according to three industry sources.

China will not resort to competitive yuan devaluation - Premier

Fri, 11/22/2019 - 17:24
China will keep its yuan currency basically stable within a reasonable range and will not resort to competitive devaluation, Premier Li Keqiang said on Friday, according to the state TV.