Feed aggregator

Europe’s startups get bootcamp booster

Breaking Business News - 57 min 21 sec ago
AMSTERDAM (Reuters) - In the two years that Rockstart Accelerator - a private bootcamp for tech firms - has been going, it says the 20 startups it has backed have raised 15 million euros ($19 million) and created nearly 150 permanent jobs.

Hyundai Motor to build two new plants in China instead of one: sources

Breaking Business News - 1 hour 28 min ago
SEOUL/SHANGHAI (Reuters) - South Korean automaker Hyundai Motor Co plans to build two new factories in China instead of one, two people familiar with the matter told Reuters on Tuesday.

Airbus to sell off business units in defence and space review

Breaking Business News - 1 hour 37 min ago
BERLIN/PARIS (Reuters) - Airbus Group has unveiled plans to sell half a dozen businesses with combined annual revenues of around 2 billion euros ($2.6 billion), simplifying its Defence and Space division to focus on warplanes, missiles, launchers and satellites.

Goldman Sachs revises price guidance on debut sukuk; books at $1.4 billion: leads

Breaking Business News - 1 hour 44 min ago
DUBAI (Reuters) - Goldman Sachs will complete a $500 million debut sukuk issue later on Tuesday, with price guidance tightened slightly from earlier indications due to strong demand from investors, a document from lead managers showed on Tuesday.

Boeing-Lockheed venture said teaming with Bezos on rocket engine

Breaking Business News - 1 hour 46 min ago
WASHINGTON (Reuters) - A joint venture of Boeing Co and Lockheed Martin Corp plans to announce on Wednesday that it will team up with Blue Origin, a company run by Amazon.com Inc founder Jeff Bezos, to develop a new rocket engine, a source familiar with the plans said.

World stocks hit one-month low, focus on Fed

Breaking Business News - 2 hours 17 min ago
LONDON (Reuters) - Global shares slipped to a one-month low on Tuesday as markets braced for a Federal Reserve meeting, when investors will be looking for clues on whether the U.S. central bank could raise interest rates sooner than previously expected.

ECB's predicament leaves peers mute on currency depreciation

Breaking Business News - 2 hours 33 min ago
FRANKFURT/TOKYO/WASHINGTON (Reuters) - Attempts by the European Central Bank to weaken the euro have the potential to spark a currency war but policymakers across the world are keeping silent, knowing the ECB has scant alternatives to keep its economy afloat.

GM's Opel to scale back Russia operations as market falls

Breaking Business News - 2 hours 48 min ago
BERLIN (Reuters) - General Motors' Opel division will cut production in Russia and take steps to shrink its workforce as the carmaker reorganises business in the country due to falling demand.

Russia considers Rosneft request for help from state fund

Breaking Business News - 3 hours 50 min ago
MOSCOW (Reuters) - Sanctions-hit oil company Rosneft will be able to apply for money from a state wealth fund, Deputy Prime Minister Arkady Dvorkovich said on Tuesday, adding that the government had "on the whole" approved the company's investment program.

As U.S. farm cycle turns, tractor makers may suffer longer than farmers

Breaking Business News - 4 hours 36 min ago
CHICAGO (Reuters) - Farm equipment makers insist the sales slump they face this year because of lower crop prices and farm incomes will be short-lived. Yet there are signs the downturn may last longer than tractor and harvester makers, including Deere & Co , are letting on and the pain could persist long after corn, soybean and wheat prices rebound.

Venezuela airline crisis makes travelers ever more inventive

Breaking Business News - 4 hours 38 min ago
CARACAS (Reuters) - Buses across jungle borders, boats through Caribbean waters and private flights from small airfields have become a new norm for departing Venezuela as a multi-billion dollar pay dispute turns the country into something of a 'no-fly' zone.

Mitsubishi Motors to invest $600 million in Indonesian car factory

Breaking Business News - 6 hours 28 min ago
JAKARTA (Reuters) - Japan's Mitsubishi Motors Corp will invest $600 million to set up its first multi-purpose vehicle factory in Indonesia, aiming to capitalise on strong demand for the segment in the country as well as to export to other markets in Asia.

China August FDI falls to lowest in at least two-and-a-half years

Breaking Business News - Mon, 09/15/2014 - 23:49
BEIJING (Reuters) - China's foreign direct investment inflows in August fell to a low not seen in at least 2-1/2 years, underscoring the challenges to growth facing the world's second-biggest economy.

Detroit reaches bankruptcy deal with fiercest creditor

Breaking Business News - Mon, 09/15/2014 - 23:33
DETROIT (Reuters) - Detroit on Monday officially settled with one of its fiercest creditors, removing a major hurdle for the city to exit its historic bankruptcy but possibly creating another delay in the trial on restructuring its $18 billion in debt and obligations.

Wal-Mart spokesman resigns over false information in resume: Bloomberg

Breaking Business News - Mon, 09/15/2014 - 23:22
(Reuters) - Wal-Mart Stores Inc's Chief Spokesman David Tovar resigned after the company allegedly found that he had lied about his academic record in his resume, Bloomberg reported, citing a person familiar with the matter.

Exclusive: Colombia may pre-finance 2015 borrowing needs - finance minister

Breaking Business News - Mon, 09/15/2014 - 22:00
NEW YORK (Reuters) - Colombian Finance Minister Mauricio Cardenas said on Monday the government could start early to pre-finance some of its estimated $3 billion in 2015 borrowing needs by tapping international capital markets before year-end.

Reuters story size down 16 percent since 500-word decree

Talking Biz News - Mon, 09/15/2014 - 21:32
Dayan Candappa, editor of the Americas for Reuters, sent out the following announcement on Monday: Congratulations! You’ve shrunk the file by 16 percent without spiking stories. In June, we agreed to keep most stories...

After standoff, Vale and China's Cosco both claim shipping victory

Breaking Business News - Mon, 09/15/2014 - 20:17
RIO DE JANEIRO/SHANGHAI (Reuters) - In the end, the answer to Brazilian miner Vale's Chinese shipping problem turned out to be in the problem itself.

Dow Jones owed $5 million from Ransquawk

Talking Biz News - Mon, 09/15/2014 - 19:58
Wall Street Journal parent Dow Jones & Co. should be awarded the full $5 million it’s seeking from an audio news service called Ransquawk, which was found liable for instantaneously rebroadcasting news headlines without...

GE exec says avoided geared design in jet engine battle with Pratt

Breaking Business News - Mon, 09/15/2014 - 19:58
(Reuters) - General Electric Co avoided using a geared design for its new engine for narrowbody jets because of concerns about weight and reliability, said a top GE executive on Monday as it battles with rival Pratt & Whitney for billions of dollars in engine orders.