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Updated: 57 min 59 sec ago

As Fed raises rates, aim is not to roil markets, Williams says

Sun, 05/28/2017 - 9:49pm
(Reuters) - The U.S. economy is at or near the Federal Reserve's goals of full employment and stable prices, San Francisco Fed President John Williams said, adding that the U.S. central bank wants to make sure markets stay calm as it slowly returns interest-rate policy to normal.

Britain's Heathrow says BA still experiencing some disruptions

Sun, 05/28/2017 - 8:38pm
(Reuters) - London's Heathrow Airport said early on Monday that there were still some disruptions to British Airways flights from the airport following a global computer system failure at the airline.

Dollar steady, markets take North Korea missile test in stride

Sun, 05/28/2017 - 8:36pm
TOKYO (Reuters) - The dollar was steady in early Asian trading on Monday, holding well above last week's 6-1/2-month lows and taking news of Pyongyang's latest missile test in stride.

Asia steady on firmer Wall Street, pound nurses losses

Sun, 05/28/2017 - 8:23pm
TOKYO (Reuters) - Asian stocks steadied early on Monday, taking cues from Wall Street shares hovering around record highs, while the pound nursed losses after a poll showed a shrinking lead for Prime Minister Theresa May's party in Britain's upcoming elections. MSCI's broadest index of Asia-Pacific shares outside Japan stood little changed.

Lenovo's struggling mobile business sets sites on high-end market

Sun, 05/28/2017 - 7:09pm
HONG KONG (Reuters) - After a bruising fall from its spot as the world's third-largest mobile phone maker following its acquisition of Motorola three years ago, China's Lenovo Group Ltd is counting on a push upmarket to stop the bleeding in its smartphone business.

Unannounced, new Russian passenger plane completes maiden flight

Sun, 05/28/2017 - 10:17am
MOSCOW (Reuters) - Russia completed the maiden flight of its new MS-21 medium-range passenger plane on Sunday, its first foray into mainline commercial aircraft since the collapse of the Soviet Union.

Supply problems hit production at BMW: Focus

Sun, 05/28/2017 - 10:05am
FRANKFURT (Reuters) - Problems at one of its suppliers has forced German carmaker BMW to halt production in Leipzig and could hit its plants in China and South Africa, German magazine Focus reported in its online edition.

Beijing bling: Hyundai plots China branding reboot after missile row

Sat, 05/27/2017 - 10:07pm
SEOUL/BEIJING (Reuters) - Bruised by anti-Korean sentiment in its biggest market and losing ground to local automakers, Hyundai Motor will open its first Chinese brand store, and may locally assemble its premium Genesis cars and accelerate the launch of a sport-utility vehicle (SUV), people familiar with the plans said.

Reliance Communications hit by Indian mobile price war

Sat, 05/27/2017 - 1:59pm
MUMBAI (Reuters) - Indian mobile phone network operator Reliance Communications Ltd posted its second straight quarterly loss on Saturday, hit by the price war which has broken out in the world's second-biggest mobile market by number of users.

GM says ISS advises against Greenlight share plan, board nominees

Sat, 05/27/2017 - 1:40pm
(Reuters) - General Motors Co said on Saturday that proxy advisory firm Institutional Shareholder Services has recommended that shareholders vote against a slate of directors proposed by hedge fund Greenlight Capital and reject the hedge fund's plan to divide GM shares into two classes.

Switch it up this year: Buy in May, till November stay

Sat, 05/27/2017 - 1:57am
NEW YORK (Reuters) - "Sell in May and go away" is perhaps the oldest saw on Wall Street, but it appears there's no shortage of U.S. mutual funds doing exactly that this year.

Slim seeks to sell minority stake in tower company Telesites: sources

Fri, 05/26/2017 - 5:42pm
(Reuters) - Billionaire Carlos Slim is looking to sell a minority stake in Telesites SAB de CV , the Mexican wireless tower company that he controls, people familiar with the matter said on Friday.

PepsiCo in bid to acquire Vita Coco owner: sources

Fri, 05/26/2017 - 5:05pm
(Reuters) - Soft drink maker PepsiCo Inc is in talks to acquire All Market Inc, the owner of coconut water brand Vita Coco, whose celebrity investors include Madonna and Matthew McConaughey, people familiar with the matter said on Friday.

Chipotle probe finds hackers stole payment card info in data breach

Fri, 05/26/2017 - 2:28pm
(Reuters) - Chipotle Mexican Grill Inc said on Friday hackers used malware to access customers' card data, including its number, expiration date and internal verification codes, from payment systems at some of its restaurants between March 24 and April 18.

Exclusive: China's COFCO overhauls Brazil business after accounting crisis - sources

Fri, 05/26/2017 - 1:24pm
LONDON/SAO PAULO (Reuters) - Chinese food commodities trader COFCO [CNCOF.UL] is overhauling its operations in Brazil, including a management reshuffle, as it restructures its Nidera Sementes Ltda business following accounting irregularities reported last year, according to company documents and sources.

In Aramco IPO pitch, Canada plays up its natural resources expertise

Fri, 05/26/2017 - 1:22pm
TORONTO (Reuters) - The Toronto Stock Exchange's efforts to win a slice of the massive Saudi Aramco public listing plays up the country's deep experience in natural resources as part of a broader offer to help the kingdom with its shift away from oil dependence.

Some investors bet Brazil has further room to fall

Fri, 05/26/2017 - 12:43pm
NEW YORK (Reuters) - Some investors are betting the worst is yet to come for Brazil's stock market, even after a brutal selloff last week.

Oversold: Oil traders punish OPEC for promising too much

Fri, 05/26/2017 - 10:45am
VIENNA (Reuters) - As OPEC's latest meeting wrapped up in Vienna on Thursday night, ministers congratulated each other on its rare spirit of amity and consensus. The talks were, without a doubt, a success.

Glass Lewis backs GM's board nominees, opposes Greenlight's proposal

Fri, 05/26/2017 - 10:14am
(Reuters) - General Motors Co said on Friday proxy adviser Glass Lewis & Co LLC recommended shareholders to vote for GM's board nominees and against Greenlight Capital's proposal at the company's annual shareholder meeting in June.

OPEC ponders how to co-exist with U.S. shale oil

Fri, 05/26/2017 - 10:10am
VIENNA (Reuters) - First, they ignored each other. Then, they went into a bruising fight. Finally, they are talking, albeit with opposing agendas.