Steinhoff’s former CEO says not aware of accounting irregularities at company
CAPE TOWN (Reuters) – Steinhoff’s former chief executive, Markus Jooste, told a parliamentary inquiry investigating an accounting scandal at the…
EU, U.S. trade chiefs to mend ties after Trump tariff detente
BRUSSELS (Reuters) – U.S. and EU trade chiefs will hold a first meeting in Brussels on Monday to pursue closer…
Steinhoff’s former CEO rues joint venture with Austrian businessman Seifert
CAPE TOWN (Reuters) – Steinhoff’s (SNHJ.J) former chief executive Markus Jooste told a parliamentary inquiry his main mistake during his…
Unilever confronts the ‘chairdrobe’ as consumers rethink laundry
LONDON (Reuters) – On any given day, the chair in Raven Rose’s Ewing, New Jersey, bedroom might be draped with…
Emerging markets and equities reel as dollar flexes muscles
LONDON (Reuters) – The sell-off in emerging markets gathered pace on Wednesday and global stocks fell for the fourth day…
Steinhoff’s former CEO says not aware of accounting irregularities
CAPE TOWN (Reuters) – Steinhoff’s (SNHJ.J) former chief executive Markus Jooste was not aware of any accounting irregularities when he…
Israeli radiation therapy firm Alpha Tau raises $29 million
TEL AVIV (Reuters) – Alpha Tau Medical, an Israeli developer of alpha radiation cancer therapy, said on Wednesday it raised…
Bayer cuts forecasts on Monsanto delay as lawsuits pile up
FRANKFURT (Reuters) – Bayer cut its earnings forecast on Wednesday due to delays to its $63 billion takeover of Monsanto,…
U.S. arbitration court can rule on Vattenfall’s German nuclear claim: paper
BERLIN (Reuters) – A U.S. arbitration court has rejected a German government petition that said the panel had no right…
Deutsche Bank to exit Eurostoxx 50 in blow to lender: documents
FRANKFURT (Reuters) – Deutsche Bank (DBKGn.DE) will be booted from the Eurostoxx 50 index of leading European stocks, documents seen…
U.S. oil prices rise as Gulf oil rigs evacuated ahead of hurricane
SINGAPORE (Reuters) – U.S. oil prices rose on Tuesday, breaking past $70 per barrel, after two Gulf of Mexico oil…
Oil prices higher as U.S. sanctions limit Iran exports
LONDON (Reuters) – Oil prices rose on Monday, supported by concerns that falling Iranian output will tighten markets once U.S.…
Oil falls on rising output from OPEC and United States
SINGAPORE (Reuters) – Oil prices fell on Monday amid rising supply from OPEC and the United States, outweighing concerns that…
UK’s Sky to invest in Israeli VC fund and open Berlin office
(Reuters) – Pay-TV group Sky plans to step up investments in tech start-ups in Europe and the Middle East by…
Exclusive: Brazil prosecutors hope to strike deal lifting glyphosate injunction
BRASILIA (Reuters) – Brazil federal prosecutors are negotiating with health authority Anvisa and the agriculture ministry to reach a deal…
Out of Sorrell’s shadow, Mark Read poised for top job at ad giant WPP
(Note strong language in final paragraph) FILE PHOTO: Mark Read, Co-Chief Operating Officer of advertising agency WPP leaves following their…
Asia stocks makes modest gains as trade optimism extends Wall Street’s bull run
TOKYO (Reuters) – Asian stocks were mostly higher on Thursday, buoyed by a firmer finish on Wall Street, which hit…
Activist Elliott argues Sky is worth over $34 billion, UK regulator says
LONDON (Reuters) – Activist hedge fund Elliott believes Walt Disney’s (DIS.N) deal to buy assets from Twenty-First Century Fox (FOXA.O)…
UK rejects Gilead’s CAR-T cancer cell therapy as too expensive
LONDON (Reuters) – A cutting-edge CAR-T cell therapy for otherwise untreatable forms of blood cancer is too expensive to justify…
World stock index at highest in over five months on trade deal
NEW YORK (Reuters) – An index of major world stock markets rose to its highest level in more than five…
Bayer, J&J’s heart drug Xarelto fails trial to widen use
FRANKFURT (Reuters) – Bayer and Johnson & Johnson’s campaign to widen the market for its heart drug Xarelto hit a…
UK auditors, watchdog to discuss curbs on Big Four market share
LONDON (Reuters) – Britain’s top accountants will meet with competition regulators next week to discuss limiting the “Big Four” auditors’…
Doctor in eastern Congo contracts Ebola in ‘dreaded’ scenario: WHO
GENEVA (Reuters) – A doctor has become the first probable Ebola case in one of the eastern Democratic Republic of…
Siemens denies report it may cut 20,000 jobs
MUNICH/BERLIN (Reuters) – German engineering giant Siemens (SIEGn.DE) said a report by monthly Manager Magazin that it could cut 20,000…
British Airways, Air France halting flights to Iran from next month
LONDON/PARIS (Reuters) – British Airways and Air France said on Thursday they would halt flights to Iran from September for…
No-deal Brexit will bring tangle of red tape, Britain warns companies
LONDON (Reuters) – Britain on Thursday told companies trading with the European Union they would face a tangle of red…
Bayer’s Monsanto faces 8,000 lawsuits on glyphosate
FRANKFURT (Reuters) – The number of U.S. lawsuits brought against Bayer’s (BAYGn.DE) newly acquired Monsanto has jumped to about 8,000,…
Exclusive: Pharma sector warns Saudis on German drug curbs
BERLIN (Reuters) – European and U.S. pharmaceutical associations have waded into a diplomatic row between Germany and Saudi Arabia, warning…
Asian shares flat as drop in S&P 500 futures weighs
SHANGHAI (Reuters) – Asian stocks were flat in early trade on Wednesday after Wall Street ended higher, with the S&P…
Asia stocks capped, dollar droops following Trump comments
TOKYO (Reuters) – Asian stocks were capped and the dollar dipped on Tuesday after U.S. President Donald Trump accused China…
Asia shares inch up with yuan, wary on Sino-U.S. talks
SYDNEY (Reuters) – Asian share markets crept cautiously higher on Monday as investors awaited developments on proposed Sino-U.S. trade talks…
Militia threat hampers Ebola fight in Congo as disease kills 47
GENEVA (Reuters) – Militia violence in Democratic Republic of Congo has prevented aid workers from reaching some potential cases in…
Greece set to exit bailout, still faces daunting challenges
ATHENS (Reuters) – Greece exits the last of its three bailouts on Aug. 20 and hopes to be able to…
For Greece’s austerity-hit elderly, bailout will never end
ATHENS (Reuters) – With two euros in his pocket, Yorgos Vagelakos, an 81-year-old retired factory worker, scouts the farmer’s market…
Trump asks SEC to consider switch to half-year corporate filings
NEW YORK/WASHINGTON (Reuters) – U.S. President Donald Trump on Friday said meetings with corporate executives had prompted him to ask…
Vatican in ‘shame and sorrow’ over abuses in Pennsylvania
The Vatican expressed “shame and sorrow” Thursday over a scathing Pennsylvania grand jury report about clergy who raped and molested…
Pfizer bets on biotech flu vaccine in $425 million BioNTech alliance
FRANKFURT (Reuters) – Pfizer has agreed to pay German biotech firm BioNTech up to $425 million in an alliance to…
Stocks, emerging currencies, lick wounds as lira bounces for second day
LONDON (Reuters) – Action from Turkey’s central bank pushed the lira higher for a second day on Wednesday, helping European…
Long-acting injection a shot in the arm for GSK’s HIV business
LONDON (Reuters) – A long-acting injection developed by GlaxoSmithKline (GSK.L) and given once a month has proved as effective as…
Exclusive: Carlyle starts preparations for listing of chemicals group Atotech – sources
FRANKFURT (Reuters) – Buyout group Carlyle (CG.O) is starting preparations for a stock market listing of German speciality chemicals group…
Biogen’s pricey muscle drug Spinraza too costly for Britain
LONDON (Reuters) – Biogen’s muscle disease treatment Spinraza has been deemed too expensive for use on Britain’s state-run health service,…
Asia shares, euro under water as Turkish lira sinks
SYDNEY (Reuters) – Asia share markets skidded and the euro hit one-year lows on Monday as a renewed rout in…
Exclusive: Saudi Arabia’s PIF has shown no interest in bankrolling Tesla buyout
DUBAI/RIYADH/LONDON (Reuters) – Saudi Arabia’s Public Investment Fund (PIF) has shown no interest so far in financing Tesla Inc (TSLA.O)…
China’s CNPC takes over Total’s share in big Iran gas project: Iranian agency
DUBAI (Reuters) – China’s state-owned energy major CNPC has taken over the share in Iran’s multi-billion dollar South Pars gas…
Thyssenkrupp needs new strategy, targets not enough: investor
DUESSELDORF (Reuters) – Thyssenkrupp (TKAG.DE) needs a broad overhaul in strategy carried about by a new external chief executive, as…
Trade war threatens reign of luxury stocks
LONDON/PARIS (Reuters) – An escalating trade war between the United States and China could abruptly end a glittering stock market…
U.S. built Mercedes-Benz SUV’s held up by Chinese customs
FRANKFURT (Reuters) – Mercedes-Benz sports utility vehicles built in Tuscaloosa, Alabama, are being checked for potential problems by Shanghai customs…
U.S. sanctions whack Russia’s rouble, Turkey’s lira free-falls
LONDON (Reuters) – Alarm bells were ringing on Thursday as harsh new U.S. sanctions drove drove down Russia’s rouble Turkey’s…
IKEA strives to keep prices low as opens first store in India
HYDERABAD (Reuters) – IKEA will set some prices even lower in India than elsewhere when it opens its first store…
Huawei in British spotlight over use of U.S. firm’s software
LONDON/SAN FRANCISCO (Reuters) – Huawei Technologies is facing increased scrutiny in Britain because it is using an aging software component…
Berkshire Hathaway profit surges as economy gives Buffett a boost
(Reuters) – Berkshire Hathaway Inc, the conglomerate run by billionaire Warren Buffett, on Saturday said quarterly operating profit rose 67…
Allergan sues Pfizer over costs of opioid litigation
(Reuters) – Allergan Plc (AGN.N) on Thursday sued Pfizer Inc (PFE.N) to force its larger rival to cover any damages…
More drugmakers build Brexit stockpiles as EU agency faces exodus
PARIS/ZURICH/LONDON (Reuters) – Sanofi (SASY.PA) and Novartis (NOVN.S) said on Wednesday they planned to increase stockpiles of medicines in Britain…
Asian shares rise on trade war relief as investors await data
SHANGHAI (Reuters) – Asian shares rose on Wednesday, following gains on Wall Street, as a report of attempts to renew…
Walmart stumbles with its ‘last mile’ package delivery plan
EAST BRUNSWICK, N.J. (Reuters) – Standing before an audience of 14,000 people last year, Walmart Inc executives described a radical…
Nokia reiterates outlook after announcing $3.5 billion deal with T-Mobile
HELSINKI (Reuters) – Nokia (NOKIA.HE) reiterated its outlook on Monday after it announced a $3.5 billion 5G network agreement with…
Nokia, T-Mobile US agree $3.5 billion deal, world’s first big 5G award
LONDON (Reuters) – T-Mobile US (TMUS.O) named Nokia (NOKIA.HE) to supply it with $3.5 billion in next-generation 5G network gear,…
Documents: Trump golf course damaged protected sand dunes
Documents show that U.S. President Donald Trump‘s family business has “destroyed the vast majority” of an environmentally sensitive area of…
Bayer hits back at new Netflix medical device documentary
NEW YORK (Reuters) – Bayer AG disputed accusations in a new Netflix documentary that claims medical device makers and the…