Breaking Business News

Reuters: Business News
Reuters.com 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: 48 min 46 sec ago

Dollar General raises bid for Family Dollar

1 hour 3 min ago
(Reuters) - Dollar General Corp , the No.1 U.S. deep discount retailer, said it raised its bid for Family Dollar Stores Inc to $80 per share, or $9.1 billion, from $78.50 per share.






Japan's 'Abenomics' feared in trouble as challenges build

1 hour 22 min ago
TOKYO (Reuters) - Prime Minister Shinzo Abe's plan for Japan's economy to generate self-sustained growth on the back of his three policy "arrows" of massive monetary easing, spending and reform appears to be faltering - but no magic solution is in sight.

Risk appetite flickers in Europe, ECB speculation holds down euro

1 hour 28 min ago
LONDON (Reuters) - Risk appetite flickered back into life in financial markets on Tuesday with the dollar and European and Japanese shares rising while safe-haven bonds, the yen and gold all took a step back.






Quantitative easing hopefuls may be disappointed as Draghi plays for time

1 hour 30 min ago
FRANKFURT (Reuters) - Expectations for further policy action at the European Central Bank's meeting on Thursday are running high after ECB President Mario Draghi pledged to use all available tools to keep prices in check.

Cheap energy pulls down euro zone producer prices drop in July

2 hours 15 min ago
BRUSSELS (Reuters) - A drop in the highly volatile energy prices depressed euro zone producer prices in July as expected, underlining disinflationary pressures in the single currency area ahead of the European Central Bank's monetary policy meeting on Thursday.






Frankfurt court bans Uber taxi services across Germany

2 hours 32 min ago
FRANKFURT (Reuters) - A regional German court has issued a temporary injunction against Uber, the U.S.-based online chauffeur service, saying its drivers lacked necessary commercial permits, potentially barring the company from operating in cities across Germany.

German August car sales down about 0.5 percent: source

2 hours 59 min ago
FRANKFURT (Reuters) - Sales of new cars in Germany, Europe's biggest auto market, declined about 0.5 percent in August, an industry source familiar with the matter told Reuters on Tuesday.






McDonald's to boost China supplier audits after food safety scandal

3 hours 1 min ago
SHANGHAI (Reuters) - McDonald's Corp will increase the number of audits it conducts of suppliers in China, the firm said on Tuesday, after a food scandal in July dented China sales at the U.S. fast food chain and rival Yum Brands Inc.

U.S. business lobby says concerned China antitrust probes unfair

3 hours 26 min ago
BEIJING (Reuters) - Foreign companies are increasingly concerned they are being targeted by Chinese regulators, a U.S. business lobby said on Tuesday, as a Chinese antitrust agency defended probes into firms such as U.S. chipmaker Qualcomm Inc .






Basel III deposit challenge looms over Islamic banks

4 hours 1 min ago
(Reuters) - As banks around the world gear up to meet tough Basel III regulatory standards, Islamic lenders face a source of uncertainty that could prove expensive for them: how regulators will treat their deposits.

Eric Cantor to join investment bank Moelis as vice chairman

5 hours 52 min ago
(Reuters) - Former U.S. House Majority Leader Eric Cantor will join investment bank Moelis & Co as vice chairman and managing director, the company said, adding that Cantor will also be elected to its board.

Burger King has maneuvered to cut U.S. tax bill for years

6 hours 21 min ago
LONDON (Reuters) - Burger King may have taken a lot of flack in the past week for a deal that should curb its U.S. tax bill but in many ways it is consistent with the burger chain’s aggressive tax-reduction strategies in recent years.

Insider traders in U.S. face longer prison terms, Reuters analysis shows

6 hours 27 min ago
NEW YORK (Reuters) - U.S. judges are imposing increasingly long prison terms for insider trading, a Reuters analysis shows. The rise is at least partly driven by the bigger profits being earned through the illegal schemes, defense lawyers said.






China won't force foreign auto parts makers to form local JVs: EU trade body

Mon, 09/01/2014 - 23:42
SHANGHAI (Reuters) - The European trade body in China said Beijing is not planning to force foreign auto parts suppliers operating in the country to form local joint ventures, dismissing a report last week that had stirred concern among European firms.






U.S. inflation bonds back in vogue

Mon, 09/01/2014 - 22:48
NEW YORK (Reuters) - U.S. investors are back in the hunt for inflation protection for the first time in two years as rising housing costs - particularly for rent - suggest inflation may finally be waking from its post-recession slumber.

China's Li Ning stumbles from gold medal position to no man's land

Mon, 09/01/2014 - 17:52
HONG KONG (Reuters) - In 2010, former Chinese gymnast Li Ning led a surging $4 billion sportswear business, a gold-medal pinnacle echoing his victories at the 1984 Olympic Games.

Investors look past Ukraine, focus on ECB

Mon, 09/01/2014 - 15:41
LONDON (Reuters) - World markets advanced on Monday despite the conflict in Ukraine, focusing on whether the European Central Bank will announce plans for economic stimulus when it meets this week.






Hollande, Draghi agree on threat of deflation: official

Mon, 09/01/2014 - 14:48
PARIS (Reuters) - French President Francois Hollande and European Central Bank chief Mario Draghi agreed on Monday that deflation and weak growth were threatening the European Union's economy, an official in the president's office said.






Imperial Tobacco closes $13 billion of loans

Mon, 09/01/2014 - 13:00
LONDON (Reuters) - British cigarette maker Imperial Tobacco has closed loans of about $13 billion to back its acquisition of selected brands and assets from Reynolds American Inc, the lead banks said on Monday.

Twenty years on, Schaeuble pleads again for core Europe

Mon, 09/01/2014 - 11:34
PARIS (Reuters) - German Finance Minister Wolfgang Schaeuble renewed a call for a core group of European Union countries to move ahead faster with economic and political integration, 20 years after his ground-breaking proposal fell on deaf ears in key partner France.