Reuters: Business News
|Oil prices tick up ahead of U.S. crude stock data
Oil prices ticked up on Tuesday after the U.S. market open on anticipation that data due later would show crude stocks there declined, erasing earlier losses linked to concerns over waning demand
POSTED JUNE 25, 2019 10:15 AM
|Wall St. opens flat ahead of Fed speeches
U.S. stocks opened flat on Tuesday, as rising tensions in the Middle East and signs that U.S.-China trade talks may generate little progress kept investors on the sidelines, ahead of a handful of speeches by Federal Reserve officials later in the day.
POSTED JUNE 25, 2019 9:50 AM
|Safety first: markets wary of world politics and policy and dash for bunkers
Gold, Switzerland's franc, Japan's yen, top-rated government bonds, and even bitcoin -- investors have dashed for havens and alternative assets this week as anxiety grows about trade wars, U.S.-Iran tensions and negative interest rates.
POSTED JUNE 25, 2019 9:40 AM
|Gold soars to six-year high as trade, Iran tensions mount
Trade anxiety and escalating tensions between the United States and Iran sent gold soaring to a six-year high on Tuesday, and saw traders dive back into safe-harbour government bonds and the yen and Swiss franc at the expense of the dollar.
POSTED JUNE 25, 2019 9:37 AM
|AbbVie looks beyond Humira with $63 billion deal for Botox-maker Allergan
Drugmaker AbbVie Inc said on Tuesday it would buy Botox-maker Allergan Plc for about $63 billion, grabbing control of by far the biggest name in medical aesthetics to help reduce its reliance on blockbuster arthritis treatment Humira.
POSTED JUNE 25, 2019 9:14 AM
|Unilever to close Henderson ice cream manufacturing facility in Nevada
Consumer goods giant Unilever said it would close its ice cream manufacturing facility in Henderson, Nevada, hurting about 300 jobs.
POSTED JUNE 25, 2019 9:10 AM
|With job intact, Nissan's CEO pins Renault alliance on mutual respect, flags inequality risk
Nissan Motor Co Ltd on Tuesday threw cold water on hopes for a quick fix to strained relations with France's Renault SA, saying inequality between the partners could unravel their two-decade-old automaking alliance.
POSTED JUNE 25, 2019 8:55 AM
|European watchdogs demand detail on Facebook's cryptocurrency
Facebook's fledgling cryptocurrency faced mounting scrutiny on Tuesday as European central bankers and regulators demanded more detail on the social media giant's Libra project.
POSTED JUNE 25, 2019 8:54 AM
|Disney in talks to invest in Indonesia's largest media firm: source
Media Nusantara Citra is not in talks with Disney over an investment in one of the Indonesian media group's companies, president and founder Hary Tanoesoedibjo said on Tuesday.
POSTED JUNE 25, 2019 8:52 AM
|UK watchdog wants more detail on Facebook's Libra coin plan
There was "insufficient" detail to understand Facebook's plans to expand into payments and launch its own Libra coin, Britain's Financial Conduct Authority (FCA) said on Tuesday.
POSTED JUNE 25, 2019 8:44 AM