Category Archives: Business News

FILE PHOTO: The logo of Dow Jones Industrial Average stock market index listed company Visa (V) is seen in Los Angeles, California, United States, April 25, 2016. REUTERS/Lucy Nicholson/File Photo (Reuters) – Visa Inc (V.N) said on Wednesday it has invested in Indonesia’s Go-Jek as part of the ride-hailing company’s ongoing Series F fundraising round. […]

WASHINGTON (Reuters) – The U.S. may approve licenses for companies to re-start new sales to Huawei in as little as two weeks, according to a senior U.S. official, in a sign President Donald Trump’s recent effort to ease restrictions on the Chinese company could move forward quickly. A woman walks in front of the Huawei […]

NEW YORK (Reuters) – U.S. luxury department store operator Barneys New York Inc is exploring options that include a bankruptcy filing, as it struggles with high rents and changing consumer tastes, people familiar with the matter said on Saturday. FILE PHOTO: People walk by a Barneys New York retail store in New York October 24, […]

HONG KONG/NEW YORK/BRUSSELS (Reuters) – Anheuser-Busch InBev said on Friday it will not proceed with the planned listing in Hong Kong of its Asia Pacific unit, Budweiser Brewing Company APAC Ltd, in what would have been the world’s biggest initial public offering (IPO) of 2019. AB InBev, the world’s largest brewer, was aiming to sell […]

HAMBURG/DETROIT (Reuters) – Ford Motor Co (F.N) and Volkswagen AG (VOWG_p.DE) said on Thursday they are expanding their global alliance announced in January with deals expected to involve collaboration on electric and autonomous vehicles. FILE PHOTO – The Ford logo is pictured on the company’s stand during the 88th Geneva International Motor Show in Geneva, […]

TOKYO (Reuters) – Asian stocks gained and the dollar drooped on Thursday after Federal Reserve Chair Jerome Powell reinforced prospects of a U.S. interest rate cut later this month. FILE PHOTO: A woman walks past an electric screen showing world markets indices outside a brokerage in Tokyo, Japan, July 1, 2019. REUTERS/Issei Kato In an […]

TOKYO/SEOUL (Reuters) – Japan and South Korea raised the stakes on Tuesday in a dispute that threatens to disrupt global supplies of smartphones and chips, with South Korea denouncing Japanese reports it had transferred a sensitive chemical to North Korea. FILE PHOTO: A truck drives between shipping containers at a container terminal at Incheon port […]

NEW YORK (Reuters) – American financier Jeffrey Epstein pleaded not guilty on Monday to charges of sex trafficking as prosecutors accused him of luring dozens of girls as young as 14 to his luxury homes in New York and Florida and paying them for sex acts. An indictment unsealed in federal court in Manhattan accused […]

RIYADH/DUBAI (Reuters) – Saudi Arabian budget airline flyadeal will not proceed with a provisional $5.9 billion order for Boeing 737 MAX aircraft, instead opting for a fleet of Airbus A320 jets. FILE PHOTO: Airbus CEO Guillaume Faury attends a news conference at the 53rd International Paris Air Show at Le Bourget Airport near Paris, France […]