Reuters: Business News
|VW's supervisory board eyes multi-billion electrification plan
Volkswagen's supervisory board is due to vote on a multi-billion euro investment plan on Friday, including steps to retool three German plants to mass produce electric cars and to explore alliances with battery partners and rival carmakers.
POSTED NOVEMBER 16, 2018 1:24 AM
|PG&E shares surge 40 percent on report regulator wants to avoid bankruptcy from wildfire
PG&E Corp shares soared 40 percent in after-hours trade on Thursday following a report that a regulatory official told investors the agency does not want the utility to go into bankruptcy should it be found responsible for this month's deadly wildfire in northern California.
POSTED NOVEMBER 16, 2018 12:39 AM
|Asia shares absorb Nvidia blow, sterling licks its wounds
Asian share markets turned mixed on Friday as hopes for a thaw in the Sino-U.S. trade standoff were tempered by disappointing results from U.S. chipmaker Nvidia Corp which slugged the tech sector.
POSTED NOVEMBER 16, 2018 12:21 AM
|China's U-turn on market curbs brings back the speculators
Speculators are staging a forceful comeback in China's stock market, bidding up shares in loss-making companies as regulators ease rules around trading, fundraising and backdoor listings to prop up struggling bourses.
POSTED NOVEMBER 15, 2018 11:14 PM
|Oil rises on expected OPEC cuts, but surging U.S. supply drags
Oil prices rose on Friday amid expectations of supply cuts from OPEC, although record U.S. production dragged.
POSTED NOVEMBER 15, 2018 11:11 PM
|Sterling gripped by Brexit crisis; yen enjoys safety bid
The British pound struggled to stay afloat in Asian trade on Friday having suffered a tumultuous slide overnight, as investors feared political turmoil in the country could see it crash out of the European Union without a divorce deal.
POSTED NOVEMBER 15, 2018 11:09 PM
|Australia's bank chiefs to face the music as misconduct inquiry wraps up
The CEOs of Australia's top banks and wealth manager will testify at a public inquiry into financial-sector misconduct in two weeks of hearings starting on Monday, in the final stages of a year-long process that looks set to transform the industry.
POSTED NOVEMBER 15, 2018 10:08 PM
|Canadian regulator asks Bombardier to halt executive share sales plan
The Canadian province of Quebec's securities watchdog said on Thursday it asked Bombardier Inc to halt stock trades under a plan set up to facilitate share sales by certain senior executives at the company.
POSTED NOVEMBER 15, 2018 8:33 PM
|New jury fails to reach verdict in J&J South Carolina talc cancer trial
A second South Carolina jury on Thursday failed to reach a verdict in the retrial of a case by a woman whose family said her long-term use of Johnson & Johnson's baby powder led to her death from asbestos-related cancer.
POSTED NOVEMBER 15, 2018 8:15 PM
|Facebook defends Russia response, updates plan to curb misbehavior
Facebook Inc Chairman and Chief Executive Mark Zuckerberg on Thursday defended his response to Russian election meddling on the world's largest social media network and issued a new plan aimed at stifling misbehavior while maintaining a vibrant hub for online speech.
POSTED NOVEMBER 15, 2018 8:01 PM