Category Archives: Business News

(Reuters) – SoftBank Group Corp. (9984.T) has prepared a financing package for WeWork Companies Inc that would give it control over the shared office space company, a person familiar with the matter said. FILE PHOTO: A man walks into a WeWork space in the Manhattan borough of New York City, New York, U.S., October 4, […]

(Reuters) – SoftBank Group Corp. (9984.T) has prepared a financing package for WeWork Companies Inc that would give it control over the shared office space company, a person familiar with the matter said. FILE PHOTO: A man walks into a WeWork space in the Manhattan borough of New York City, New York, U.S., October 4, […]

FILE PHOTO: A Lyft sticker is seen in a car windscreen in Los Angeles, California, U.S., March 20, 2019. REUTERS/Lucy Nicholson/File Photo (Reuters) – Lyft Inc, following its rival Uber’s move, has sued New York City seeking to nullify a new rule limiting the time its drivers are allowed to spend cruising in Manhattan without […]

NEW YORK (Reuters) – The biggest U.S. banks are expected to kick off the earnings season on a sour note next week due to falling interest rates, which may have pressured net interest margins enough to cause the sector’s first year-over-year earnings per share decline in three years. While strength in mortgage banking and cheap […]

SHANGHAI (Reuters) – Asian shares rose on Friday after U.S. President Donald Trump said he would meet with China’s top trade negotiator, stirring hopes for an agreement, while sterling was flat after earlier jumping on optimism over a potential Brexit deal. FILE PHOTO: An investor looks at an electronic board showing stock information at a […]

SINGAPORE (Reuters) – China is planning tighter visa restrictions for U.S. nationals with ties to anti-China groups, people with knowledge of the proposed curbs said, following similar U.S. restrictions on Chinese nationals, as relations between the countries sour. FILE PHOTO: U.S. and Chinese flags are seen before Defense Secretary James Mattis welcomes Chinese Minister of […]

TOKYO (Reuters) – A South Korean boycott of Japanese goods is seen dragging down sales at Fast Retailing Co Ltd’s (9983.T) Uniqlo stores, denting otherwise strong financial results due to be announced on Thursday by Asia’s biggest fashion group, analysts said. FILE PHOTO: A Uniqlo store is seen on 5th Ave in New York, New […]

SINGAPORE (Reuters) – Oil prices rose on Tuesday, buoyed by overnight gains in industrial commodities, while unrest in oil-producing countries Iraq and Ecuador raised concerns of supply disruption, adding to support. FILE PHOTO: The sun sets behind an oil pump outside Saint-Fiacre, near Paris, France September 17, 2019. REUTERS/Christian Hartmann/File Photo Brent crude rose 38 […]

BOSTON (Reuters) – Boston Federal Reserve officials have a pretty good idea what helped the ailing industrial town of Lawrence, Massachusetts, start to make a turnaround, including a state takeover of the public school system and a focused effort to lift job options for working parents. FILE PHOTO: The Federal Reserve Bank of Boston’s President […]

FILE PHOTO: General Motors assembly workers and their supporters gather to picket outside the General Motors Bowling Green plant during the United Auto Workers (UAW) national strike in Bowling Green, Kentucky, U.S., September 20, 2019. REUTERS/Bryan Woolston/File Photo DETROIT (Reuters) – As the U.S. strike by the United Auto Workers union against General Motors Co […]