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Reuters: Business News

Ferrari will expand its lineup of road cars, but not too much
Italian premium sports car maker Ferrari NV will expand sales of easier-driving grand touring cars, but will not try to chase rival Porsche's annual sales volume, Ferrari Chairman John Elkann told an audience of classic car enthusiasts gathered at this storied golf resort on the Pacific coast.


POSTED AUGUST 17, 2019 7:59 PM
Argentina Treasury minister resigns, says 'significant renewal' needed amid economic crisis
Argentina´s Treasury Minister Nicolas Dujovne has resigned, saying in a letter seen by Reuters on Saturday he believed the government needed “significant renewal” in its economic team amid a crisis which saw the peso plunge this week.


POSTED AUGUST 17, 2019 7:52 PM
Last orders: Rise of closing auctions stirs worries in European stock markets
The final five minutes of trading have become the busiest time of day for stock market traders in Europe.


POSTED AUGUST 17, 2019 7:03 PM
Sainsbury's says not talking to internal candidates for CEO succession
Sainsbury's is not talking to internal candidates about succession plans to Chief Executive Officer Mike Coupe and he has the full support of company's shareholders and the board, a company spokesperson told Reuters late on Saturday.


POSTED AUGUST 17, 2019 5:41 PM
Exclusive: U.S. set to give Huawei another 90 days to buy from American suppliers - sources
The U.S. Commerce Department is expected to extend a reprieve given to Huawei Technologies that permits the Chinese firm to buy supplies from U.S. companies so that it can service existing customers, two sources familiar with the situation said.


POSTED AUGUST 17, 2019 1:50 PM
SoftBank plans to lend up to $20 billion to employees to invest in new fund: WSJ
Japan's SoftBank Group Corp is planning to lend up to $20 billion to its employees, including Chief Executive Masayoshi Son, to buy stakes in its second Vision Fund, the Wall Street Journal reported https://on.wsj.com/307Ljih on Saturday, citing people familiar with the matter.


POSTED AUGUST 17, 2019 11:31 AM
Standard Chartered faces fine for sanctions breaches: Sky News
Banking group Standard Chartered is facing a fine for failing to prevent sanctions breaches, Sky News reported on Saturday.


POSTED AUGUST 17, 2019 8:19 AM
Alibaba and the $15 billion question: Amid Hong Kong's protests, when to list?
Hong Kong's political unrest is posing a dilemma for Alibaba Group Holding Ltd on the timing of its planned $15 billion listing in the city, with sources saying China's biggest e-commerce company is now considering several timetables.


POSTED AUGUST 17, 2019 2:07 AM
Court leaves PG&E with sole right to submit bankruptcy plan
A federal judge on Friday allowed PG&E Corp to retain the sole rights to propose a plan to exit bankruptcy, as he rejected efforts by investors to put forward competing plans, according to court documents.


POSTED AUGUST 16, 2019 10:44 PM
PES up against the clock to sell Philadelphia refinery in cash crunch
Finding a buyer for Philadelphia Energy Solutions' oil refinery has grown urgent as the bankrupt company's funds dwindle and no signs emerge that it is winning a fight for insurance payouts after a June blaze at the plant, according to court documents and bankruptcy experts.


POSTED AUGUST 16, 2019 10:10 PM

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