Companies News

  • Brazil central bank aware of currency rigging probe, cooperating Reuters - 1 hour 48 minutes ago

    SAO PAULO (Reuters) - The Brazilian central bank is aware of a probe on alleged currency rigging in the country's currency market by a group of 15 international lenders, … More »Brazil central bank aware of currency rigging probe, cooperating

    SAO PAULO (Reuters) - The Brazilian central bank is aware of a probe on alleged currency rigging in the country's currency market by a group of 15 international lenders, and is coordinating actions with other authorities, according to a statement on Thursday. (Reporting by Guillermo Parra-Bernal; Editing by Chris R …

  • A Barclays bank office is seen at Canary Wharf  in London
    Brazil probes currency market activity of 15 global banks By Guillermo Parra-Bernal and Leonardo Goy - Reuters - 1 hour 53 minutes ago

    By Guillermo Parra-Bernal and Leonardo Goy SAO PAULO/BRASILIA (Reuters) - Fifteen of the world's largest banks are under investigation on suspicion of rigging the Brazilian … More »Brazil probes currency market activity of 15 global banks

    A Barclays bank office is seen at Canary Wharf  in London

    By Guillermo Parra-Bernal and Leonardo Goy SAO PAULO/BRASILIA (Reuters) - Fifteen of the world's largest banks are under investigation on suspicion of rigging the Brazilian currency, antitrust watchdog Cade said on Thursday, the first such probe in one of the busiest foreign exchange markets globally. In a document, Cade …

  • Airbus's logo is pictured at Airbus headquarters in Toulouse
    Airbus to help China enter plane seat market amid Western delays Reuters - 2 hours 14 minutes ago

    Airbus is to help China set up production of aircraft seats and galleys in a move to ease shortages and delays that have threatened disruption to global aircraft production. … More »Airbus to help China enter plane seat market amid Western delays

    Airbus's logo is pictured at Airbus headquarters in Toulouse

    Airbus is to help China set up production of aircraft seats and galleys in a move to ease shortages and delays that have threatened disruption to global aircraft production. Planemakers including Airbus , Boeing and Embraer have been wrestling for more than a year with delayed deliveries of aircraft seats or galleys …

  • The Kraft logo is pictured outside its headquarters in Northfield
    Heinz completes Kraft purchase, Buffett joins board Reuters - 2 hours 21 minutes ago

    (Reuters) - H.J. Heinz Co on Thursday completed its purchase of Kraft Foods Group Inc , creating the third largest food and beverage company in North America and fifth … More »Heinz completes Kraft purchase, Buffett joins board

    The Kraft logo is pictured outside its headquarters in Northfield

    (Reuters) - H.J. Heinz Co on Thursday completed its purchase of Kraft Foods Group Inc , creating the third largest food and beverage company in North America and fifth largest worldwide. The new company, Kraft Heinz Co, will have roughly $28 billion (18 billion pounds) of annual revenue from brands such as Oscar Mayer, …

  • Brazil sees no signs local banks joined currency rigging scheme Reuters - 2 hours 26 minutes ago

    BRASILIA (Reuters) - A probe by Brazil antitrust watchdog Cade on currency market rigging practices since at least 2007 failed to show any signs of the participation … More »Brazil sees no signs local banks joined currency rigging scheme

    BRASILIA (Reuters) - A probe by Brazil antitrust watchdog Cade on currency market rigging practices since at least 2007 failed to show any signs of the participation of Brazilian banks in the scheme, an official at the agency said on Thursday. (Reporting by Leonardo Goy; Writing by Guillermo Parra-Bernal; Editing by Diane …

  • Traders work on the floor of the New York Stock Exchange in New York
    Dollar off after data, stocks flat; Greek vote eyed By Rodrigo Campos - Reuters - 2 hours 29 minutes ago

    By Rodrigo Campos NEW YORK (Reuters) - The U.S. dollar index fell from a three-week high on Thursday as a weaker than expected U.S. payrolls report lowered chances of … More »Dollar off after data, stocks flat; Greek vote eyed

    Traders work on the floor of the New York Stock Exchange in New York

    By Rodrigo Campos NEW YORK (Reuters) - The U.S. dollar index fell from a three-week high on Thursday as a weaker than expected U.S. payrolls report lowered chances of a U.S. interest rate hike come September, while Wall Street and world stock markets ended little changed after a volatile week. Bank shares were hit the …

  • An illustration picture shows projection of binary code on man holding aptop computer in Warsaw
    GAO sees room for improvement in bank cyber security exams By Suzanne Barlyn - Reuters - 2 hours 45 minutes ago

    U.S. banking regulators must hire and train more examiners with technology expertise so they can give more useful cyber security recommendations to small and mid-sized … More »GAO sees room for improvement in bank cyber security exams

    An illustration picture shows projection of binary code on man holding aptop computer in Warsaw

    U.S. banking regulators must hire and train more examiners with technology expertise so they can give more useful cyber security recommendations to small and mid-sized banks, a federal watchdog agency has warned. A new report from the U.S. Government Accountability Office identified the issue as one of several that banking …

  • K+S rejects Potash Corp's takeover approach as too low By Ludwig Burger - Reuters - 2 hours 54 minutes ago

    By Ludwig Burger FRANKFURT (Reuters) - German potash miner K+S rejected Potash Corp of Saskatchewan's 7.9 billion euro (6 billion pound) takeover bid on Thursday, … More »K+S rejects Potash Corp's takeover approach as too low

    By Ludwig Burger FRANKFURT (Reuters) - German potash miner K+S rejected Potash Corp of Saskatchewan's 7.9 billion euro (6 billion pound) takeover bid on Thursday, saying it was too low and that the Canadian suitor could be planning to dismantle the company, putting jobs at risk. K+S, which is the world's largest salt …

  • Russia's Finance Minister Anton Siluanov attends the Gaidar Forum 2015 "Russia and the World: New Dimensions" in Moscow
    Russia may start Reserve Fund replenishing with oil above $70 - minister Reuters - 2 hours 56 minutes ago

    Russian Finance Ministry wants to restart replenishing the emergency Reserve Fund if the oil price exceeds $70 per barrel Finance Minister Anton Siluanov said. Russia … More »Russia may start Reserve Fund replenishing with oil above $70 - minister

    Russia's Finance Minister Anton Siluanov attends the Gaidar Forum 2015 "Russia and the World: New Dimensions" in Moscow

    Russian Finance Ministry wants to restart replenishing the emergency Reserve Fund if the oil price exceeds $70 per barrel Finance Minister Anton Siluanov said. Russia has been hit by lower oil prices and by Western sanctions over its role in the Ukraine crisis.

  • Former FIA racing chief Max Mosley leaves the High Court in London
    Mosley says F1 heading for major crisis By Alan Baldwin - Reuters - 3 hours ago

    By Alan Baldwin SILVERSTONE, England (Reuters) - Former FIA president Max Mosley has warned that Formula One risks serious difficulties unless it changes direction and … More »Mosley says F1 heading for major crisis

    Former FIA racing chief Max Mosley leaves the High Court in London

    By Alan Baldwin SILVERSTONE, England (Reuters) - Former FIA president Max Mosley has warned that Formula One risks serious difficulties unless it changes direction and cuts costs. "The futures of six out of 10 teams on the grid are uncertain, there is too much artificiality in the racing, costs are far too high, and all …

  • The logo of General Electric is pictured at the 26th World Gas Conference in Paris
    Regulatory rebuffs could force GE to seek other deals, more buybacks By Lewis Krauskopf - Reuters - 3 hours ago

    U.S. and European regulatory resistance could force General Electric Co to seek another buyer for its appliances business and different paths to expand its industrial … More »Regulatory rebuffs could force GE to seek other deals, more buybacks

    The logo of General Electric is pictured at the 26th World Gas Conference in Paris

    U.S. and European regulatory resistance could force General Electric Co to seek another buyer for its appliances business and different paths to expand its industrial operations in an ongoing strategic overhaul. Chief Executive Jeff Immelt wants further focus on manufacturing of higher-margin products such as jet engines …

  • Greek PM Tsipras, Defence Minister Kammenos and General Kostarakos meet at the Defence ministry premises in this handout photo released by the Greek Defence Ministry in Athens
    IMF warns of huge financial hole as Greek vote looms By Renee Maltezou and David Chance - Reuters - 3 hours ago

    By Renee Maltezou and David Chance ATHENS/WASHINGTON (Reuters) - The International Monetary Fund delivered a stark warning on Thursday of the huge financial hole facing … More »IMF warns of huge financial hole as Greek vote looms

    Greek PM Tsipras, Defence Minister Kammenos and General Kostarakos meet at the Defence ministry premises in this handout photo released by the Greek Defence Ministry in Athens

    By Renee Maltezou and David Chance ATHENS/WASHINGTON (Reuters) - The International Monetary Fund delivered a stark warning on Thursday of the huge financial hole facing Greece as angry and uncertain voters prepare for a referendum that could decide their country's future in Europe. Days after Greece defaulted on part …

  • China joins Greece, Puerto Rico on investors' watchlists By Jennifer Ablan - Reuters - 3 hours ago

    By Jennifer Ablan NEW YORK (Reuters) - Greece's full-blown debt crisis and Puerto Rico's unfolding one have dominated headlines all week, but some of the biggest U.S. … More »China joins Greece, Puerto Rico on investors' watchlists

    By Jennifer Ablan NEW YORK (Reuters) - Greece's full-blown debt crisis and Puerto Rico's unfolding one have dominated headlines all week, but some of the biggest U.S. investors have China at the top of their worry lists. Jeffrey Gundlach, Bill Gross, Dan Ivascyn, Mohamed El-Erian, and David Rosenberg are among the money …

  • A woman walks past a logo of Fiat Chrysler Automobiles (FCA) in Turin
    Top U.S. regulator expects action on Fiat Chrysler over recalls By David Morgan - Reuters - 3 hours ago

    By David Morgan WASHINGTON (Reuters) - The top U.S. auto safety regulator said on Thursday he will move quickly to take action in response to Fiat Chrysler Automobiles … More »Top U.S. regulator expects action on Fiat Chrysler over recalls

    A woman walks past a logo of Fiat Chrysler Automobiles (FCA) in Turin

    By David Morgan WASHINGTON (Reuters) - The top U.S. auto safety regulator said on Thursday he will move quickly to take action in response to Fiat Chrysler Automobiles NV's mishandling of recalls involving up to 11 million vehicles. Mark Rosekind, who heads the National Highway Traffic Safety Administration, said action …

  • BlackRock's Koesterich says expects Greeks to approve referendum By Ross Kerber - Reuters - 3 hours ago

    By Ross Kerber BOSTON (Reuters) - Greek voters will likely approve a bailout offer from creditors in a referendum set for Sunday, said a top strategist for BlackRock … More »BlackRock's Koesterich says expects Greeks to approve referendum

    By Ross Kerber BOSTON (Reuters) - Greek voters will likely approve a bailout offer from creditors in a referendum set for Sunday, said a top strategist for BlackRock Inc , the world's largest asset manager. In a telephone interview on Thursday, Russ Koesterich, BlackRock global chief investment strategist, said he expected …

  • Bank of America CEO Moynihan speaks as Intel's President James looks on during the White House summit on cybersecurity and consumer protection in Palo Alto
    Intel President Renée James to step down in January Reuters - 3 hours ago

    (Reuters) - Intel Corp President Renée James will step down in January to pursue an external chief executive role, Intel Chief Executive Brian Krzanich said in a statement. … More »Intel President Renée James to step down in January

    Bank of America CEO Moynihan speaks as Intel's President James looks on during the White House summit on cybersecurity and consumer protection in Palo Alto

    (Reuters) - Intel Corp President Renée James will step down in January to pursue an external chief executive role, Intel Chief Executive Brian Krzanich said in a statement. During her 28 years at Intel, James has held roles of executive vice president and general manager of the software and services group and COO of the …

  • The Yelp Inc. logo is seen in their offices in Chicago
    Yelp temporarily decides not to pursue a sale: Bloomberg Reuters - 3 hours ago

    (Reuters) - Yelp Inc, operator of consumer review website yelp.com, had temporarily decided not to pursue a sale, Bloomberg reported, citing people with knowledge of … More »Yelp temporarily decides not to pursue a sale: Bloomberg

    The Yelp Inc. logo is seen in their offices in Chicago

    (Reuters) - Yelp Inc, operator of consumer review website yelp.com, had temporarily decided not to pursue a sale, Bloomberg reported, citing people with knowledge of the matter. The company has had several interested suitors after which it hired Goldman Sachs Group Inc to help find a buyer, Bloomberg said on Thursday. …

  • A woman pumps gas at a station in Falls Church
    Oil flat as U.S. rig count rise cools gains, gasoline jumps By Barani Krishnan - Reuters - 3 hours ago

    By Barani Krishnan NEW YORK (Reuters) - Crude oil prices ended little changed on Thursday as the first weekly gain in the U.S. rig count this year pared earlier gains. … More »Oil flat as U.S. rig count rise cools gains, gasoline jumps

    A woman pumps gas at a station in Falls Church

    By Barani Krishnan NEW YORK (Reuters) - Crude oil prices ended little changed on Thursday as the first weekly gain in the U.S. rig count this year pared earlier gains. Pulling crude futures off highs was the latest data on the U.S. oil rig count from Baker Hughes. "The momentum for crude is being washed out by the rig …

  • Glencore is latest firm talking with Iran over future oil business Reuters - 3 hours ago

    Global mining and commodity trading firm Glencore has been holding talks with Iran's officials about possible business deals should economic sanctions be lifted, a … More »Glencore is latest firm talking with Iran over future oil business

    Global mining and commodity trading firm Glencore has been holding talks with Iran's officials about possible business deals should economic sanctions be lifted, a company spokesman said on Thursday. Iran is negotiating with the United States and five other big powers - Britain, China, France, Germany and Russia - a …

  • A traffic light shines red near the HSBC bank logo in Paris
    Exclusive - ING on course to win auction for HSBC's Turkish bank: sources By Asli Kandemir, Nevzat Devranoglu and Steve Slater - Reuters - 4 hours ago

    By Asli Kandemir, Nevzat Devranoglu and Steve Slater ISTANBUL/LONDON (Reuters) - Dutch lender ING Group is set to win the auction to buy HSBC's Turkish business, people … More »Exclusive - ING on course to win auction for HSBC's Turkish bank: sources

    A traffic light shines red near the HSBC bank logo in Paris

    By Asli Kandemir, Nevzat Devranoglu and Steve Slater ISTANBUL/LONDON (Reuters) - Dutch lender ING Group is set to win the auction to buy HSBC's Turkish business, people familiar with the matter said on Thursday. Four people familiar with the situation said HSBC had narrowed the field to one suitor, with two of the sources …

  • Eritrea faces more U.N. scrutiny, a step closer to global court By Tom Miles - Reuters - 4 hours ago

    By Tom Miles GENEVA (Reuters) - Eritrea faces a second year of scrutiny by human rights investigators after the U.N. body overseeing them extended their mission on Thursday, … More »Eritrea faces more U.N. scrutiny, a step closer to global court

    By Tom Miles GENEVA (Reuters) - Eritrea faces a second year of scrutiny by human rights investigators after the U.N. body overseeing them extended their mission on Thursday, a decision that may put the government at risk of referral to the International Criminal Court. The U.N. Human Rights Council asked the independent …

  • A man walks past the London Stock Exchange in the City of London
    Commodity and BP shares help FTSE to close higher By Atul Prakash and Liisa Tuhkanen - Reuters - 4 hours ago

    By Atul Prakash and Liisa Tuhkanen LONDON (Reuters) - The FTSE ended higher on Thursday as oil major BP rose after reaching an $18.7 billion settlement with the U.S. … More »Commodity and BP shares help FTSE to close higher

    A man walks past the London Stock Exchange in the City of London

    By Atul Prakash and Liisa Tuhkanen LONDON (Reuters) - The FTSE ended higher on Thursday as oil major BP rose after reaching an $18.7 billion settlement with the U.S. government and commodity stocks tracked stronger crude oil and metals prices. BP rose 4.5 percent, the top gainer in the blue-chip FTSE 100 index, after …

  • Greek gaming firm's new lottery machines held up by new rules Reuters - 4 hours ago

    Greek betting firm OPAP has delayed the planned launch of its video lottery terminals, saying it needs more time to ensure the machines comply with new, tougher rules … More »Greek gaming firm's new lottery machines held up by new rules

    Greek betting firm OPAP has delayed the planned launch of its video lottery terminals, saying it needs more time to ensure the machines comply with new, tougher rules on machine-based gambling introduced by the current government. OPAP said it had not been expecting the new regulations, which were published on June 12 …

  • McLaren Formula One driver Button of Britain drives in front of Force India Formula One driver Perez of Mexico during the first practice session of the Austrian F1 Grand Prix at the Red Bull Ring circuit in Spielberg
    McLaren handed an extra power unit in rules review By Alan Baldwin - Reuters - 4 hours ago

    By Alan Baldwin SILVERSTONE, England (Reuters) - Struggling McLaren will be allowed an extra engine for each of their drivers as Formula One announced a package of measures … More »McLaren handed an extra power unit in rules review

    McLaren Formula One driver Button of Britain drives in front of Force India Formula One driver Perez of Mexico during the first practice session of the Austrian F1 Grand Prix at the Red Bull Ring circuit in Spielberg

    By Alan Baldwin SILVERSTONE, England (Reuters) - Struggling McLaren will be allowed an extra engine for each of their drivers as Formula One announced a package of measures on Thursday that included an overhaul of its controversial power unit penalty system. The governing International Automobile Federation (FIA) said …

  • Residents inspect damage in Tafas town in Daraa
    Syria rejects U.N. criticism of barrel bombs, says 'technical' issue Reuters - 4 hours ago

    Syria rejected a U.N. Human Rights Council resolution condemning its aerial bombing tactics record on Thursday, saying the use of barrel bombs was a "technical" issue … More »Syria rejects U.N. criticism of barrel bombs, says 'technical' issue

    Residents inspect damage in Tafas town in Daraa

    Syria rejected a U.N. Human Rights Council resolution condemning its aerial bombing tactics record on Thursday, saying the use of barrel bombs was a "technical" issue that was no business of the Geneva-based body. The United States and 10 European and Arab countries backed the resolution decrying the use of chemical weapons …

  • Former trader Tom Hayes leaves Southwark Crown Court  in London
    Former trader Hayes put Libor wish list on Facebook, London court hears By Anjuli Davies - Reuters - 4 hours ago

    By Anjuli Davies LONDON (Reuters) - Tom Hayes, a former trader on trial in London on Libor-rigging charges, said he must have been either stupid or untroubled by his … More »Former trader Hayes put Libor wish list on Facebook, London court hears

    Former trader Tom Hayes leaves Southwark Crown Court  in London

    By Anjuli Davies LONDON (Reuters) - Tom Hayes, a former trader on trial in London on Libor-rigging charges, said he must have been either stupid or untroubled by his business practices because he left reams of evidence, according to documents presented to the court on Thursday. In the first trial of an individual accused …

  • A Royal Bank of Canada logo is seen on Bay Street in the heart of the financial district in Toronto
    RBC, BMO grab top spots in Canadian M&A adviser rankings By Euan Rocha and John Tilak - Reuters - 4 hours ago

    By Euan Rocha and John Tilak TORONTO (Reuters) - Royal Bank of Canada and Bank of Montreal were the top two advisers on Canadian M&A deals in the first half of 2015, … More »RBC, BMO grab top spots in Canadian M&A adviser rankings

    A Royal Bank of Canada logo is seen on Bay Street in the heart of the financial district in Toronto

    By Euan Rocha and John Tilak TORONTO (Reuters) - Royal Bank of Canada and Bank of Montreal were the top two advisers on Canadian M&A deals in the first half of 2015, a period during which the overall dollar value of deals surged despite a decline in the actual number of transactions. Thomson Reuters data released on …

  • Visitors are silhouetted against the logo of the International Monetary Fund (IMF) in Tokyo
    IMF reaches agreement with Ukraine on policies needed for disbursement Reuters - 5 hours ago

    WASHINGTON (Reuters) - The International Monetary Fund said on Thursday it had reached a staff-level agreement with Ukraine on the policies needed for the global lender … More »IMF reaches agreement with Ukraine on policies needed for disbursement

    Visitors are silhouetted against the logo of the International Monetary Fund (IMF) in Tokyo

    WASHINGTON (Reuters) - The International Monetary Fund said on Thursday it had reached a staff-level agreement with Ukraine on the policies needed for the global lender to disburse $1.7 billion (1 billion pounds) under a loan programme. The IMF said in a statement the agreement is subject to approval by its management and …

  • J&J vaccine completely prevented HIV in half of monkeys in trial By Julie Steenhuysen - Reuters - 5 hours ago

    By Julie Steenhuysen CHICAGO (Reuters) - An experimental Johnson & Johnson vaccine completely prevented HIV infection in half of monkeys that got the shot and then … More »J&J vaccine completely prevented HIV in half of monkeys in trial

    By Julie Steenhuysen CHICAGO (Reuters) - An experimental Johnson & Johnson vaccine completely prevented HIV infection in half of monkeys that got the shot and then were exposed to high doses of an aggressive virus, results that spurred the company to test the vaccine in people, academic and company researchers said on …

  • Capital controls force credit insurers to review Greek cover Reuters - 5 hours ago

    Credit insurers are refusing to offer new cover to companies carrying out trade with Greece because of uncertainty over the solvency of Greek customers hit by capital … More »Capital controls force credit insurers to review Greek cover

    Credit insurers are refusing to offer new cover to companies carrying out trade with Greece because of uncertainty over the solvency of Greek customers hit by capital controls, a Greek importer told Reuters. Trade credit insurers are essential to the smooth flow of products and services between countries, since they protect …