World + Economy

The headquarters of German chip equipment maker Aixtron SE is pictured in Herzogenrath

Aixtron, Fujian to explore what is left of deal after U.S. veto

Reuters - German semiconductor equipment maker Aixtron will explore with its Chinese suitor what can be salvaged of the planned takeover after a U.S. presidential order ruled the deal posed a national security…

A general view is seen of the London skyline from Canary Wharf in London

Exclusive: Stagger Brexit over years or we could leave - Banks to Britain

Reuters - By Huw Jones, Anjuli Davies and Andrew MacAskill LONDON (Reuters) - Britain must negotia…

Worker checks valve of oil pipe at oil field owned by Bashneft company near Nikolo-Berezovka

Ahead of promised cut, Russia's oil output hits record high

Reuters - By Katya Golubkova MOSCOW (Reuters) - Russia plans to use its November oil production, w…

Latest News

  • The headquarters of German chip equipment maker Aixtron SE is pictured in Herzogenrath
    Aixtron, Fujian to explore what is left of deal after U.S. veto Reuters

    German semiconductor equipment maker Aixtron will explore with its Chinese suitor what can be salvaged of the planned takeover after a U.S. presidential order ruled the deal posed a national security risk, …

    The headquarters of German chip equipment maker Aixtron SE is pictured in Herzogenrath

    German semiconductor equipment maker Aixtron will explore with its Chinese suitor what can be salvaged of the planned takeover after a U.S. presidential order ruled the deal posed a national security risk, the company said on Saturday. U.S. President Barack Obama blocked China's Fujian Grand Chip Investment Fund (FGC) …

  • Exclusive: Stagger Brexit over years or we could leave - Banks to Britain Reuters

    By Huw Jones, Anjuli Davies and Andrew MacAskill LONDON (Reuters) - Britain must negotiate a staggered departure from the European Union over several years or risk banks leaving the country, the biggest …

    A general view is seen of the London skyline from Canary Wharf in London

    By Huw Jones, Anjuli Davies and Andrew MacAskill LONDON (Reuters) - Britain must negotiate a staggered departure from the European Union over several years or risk banks leaving the country, the biggest banking lobby group will warn the government in coming weeks, according to sources familiar with the matter. The British …

  • Ahead of promised cut, Russia's oil output hits record high Reuters

    By Katya Golubkova MOSCOW (Reuters) - Russia plans to use its November oil production, which was its highest in almost 30 years, as its baseline when it cuts output under this week's deal with OPEC, Deputy …

    Worker checks valve of oil pipe at oil field owned by Bashneft company near Nikolo-Berezovka

    By Katya Golubkova MOSCOW (Reuters) - Russia plans to use its November oil production, which was its highest in almost 30 years, as its baseline when it cuts output under this week's deal with OPEC, Deputy Energy Minister Kirill Molodtsov said on Friday. Russia has promised to gradually cut output by up to 300,000 barrels …

  • Peaks, black swans and bonanzas: Market tips, bold calls and eyecatchers for 2017 Reuters

    The consensus, broadly, is that the 35-year bull market in bonds is over, inflation is back, central banks are maxed out, and for the first time in a decade any stimulus to the global economy will now …

    cTraders work on the floor of the NYSE

    The consensus, broadly, is that the 35-year bull market in bonds is over, inflation is back, central banks are maxed out, and for the first time in a decade any stimulus to the global economy will now come from governments. The implications for markets appear to be further increases in bond yields, developed world stocks …

  • Bombardier wins orders for three aircraft from Tanzania Reuters

    (Reuters) - Bombardier Inc said it won orders for two CS300 jetliners and one Q400 turboprop aircraft from Tanzania. Based on the list prices of the aircraft, which will be leased to and operated by …

    A Bombardier logo is pictured on the company booth during the European Business Aviation Convention & Exhibition (EBACE) at Cointrin airport in Geneva

    (Reuters) - Bombardier Inc said it won orders for two CS300 jetliners and one Q400 turboprop aircraft from Tanzania. Based on the list prices of the aircraft, which will be leased to and operated by Air Tanzania, the deal is valued at about $200 million.

  • VW finance arm's profit up on higher demand for diesel cars Reuters

    Volkswagen's financing arm expects to post record earnings in 2016, it said on Friday, thanks to increased demand for diesel cars, a sign that the company's emissions-cheating scandal has not deterred …

    Volkswagen logo is pictured at the newly opened Volkswagen factory in Wrzesnia near Poznan

    Volkswagen's financing arm expects to post record earnings in 2016, it said on Friday, thanks to increased demand for diesel cars, a sign that the company's emissions-cheating scandal has not deterred customers. Operating profit at Volkswagen (VW) Financial Services may exceed 2 billion euros ($2.1 billion) for the first …

  • Singapore slaps penalties on StanChart, Coutts in 1MDB-related probe Reuters

    By Anshuman Daga and Marius Zaharia SINGAPORE (Reuters) - Singapore's central bank imposed penalties on the local units of U.K.-based Standard Chartered and private bank Coutts for money laundering breaches …

    File photo of a Standard Chartered bank branch in Singapore

    By Anshuman Daga and Marius Zaharia SINGAPORE (Reuters) - Singapore's central bank imposed penalties on the local units of U.K.-based Standard Chartered and private bank Coutts for money laundering breaches related to Malaysia's scandal-tainted 1MDB fund and said it was nearing the end of its probes. The penalties - …

  • Starbucks CEO steps down to focus on high-end coffee, shares fall Reuters

    Starbucks Corp co-founder Howard Schultz will step down as chief executive to focus on new high-end coffee shops, handing the top job to Chief Operating Officer Kevin Johnson, a long-time technology executive. …

    Starbucks CEO Howard Schultz speaks during the company's annual shareholder's meeting in Seattle, Washington

    Starbucks Corp co-founder Howard Schultz will step down as chief executive to focus on new high-end coffee shops, handing the top job to Chief Operating Officer Kevin Johnson, a long-time technology executive. Schultz, who will become executive chairman in April 2017, said he would focus on building ultra-premium Reserve …

  • Oil soars, Brent hits 16-month high after OPEC output deal Reuters

    By Devika Krishna Kumar NEW YORK (Reuters) - Oil prices surged 4 percent on Thursday, with Brent crude at its highest in about 16 months, extending gains after OPEC and Russia agreed to restrict output …

    A gas pump is seen hanging from the ceiling at a petrol station in Seoul

    By Devika Krishna Kumar NEW YORK (Reuters) - Oil prices surged 4 percent on Thursday, with Brent crude at its highest in about 16 months, extending gains after OPEC and Russia agreed to restrict output to reduce the global supply glut more quickly. The deal also included OPEC's first coordinated action in 15 years with …

  • Caterpillar says Wall Street 'too optimistic' on 2017 profit estimate Reuters

    Caterpillar Inc , the world's largest construction and mining equipment maker, said on Thursday analysts' earnings expectations for 2017 were "too optimistic" as oil prices remained volatile. Analysts …

    The CAT logo is seen on back of a Caterpillar excavator machine at a work site in Detroit

    Caterpillar Inc , the world's largest construction and mining equipment maker, said on Thursday analysts' earnings expectations for 2017 were "too optimistic" as oil prices remained volatile. Analysts on average were expecting 2017 revenue of $38 billion and earnings of $3.25 per share, according to Thomson Reuters I/B/E/S. …

  • Exclusive: Indian government officials propose break up of Coal India - sources Reuters

    By Neha Dasgupta and Krishna N. Das NEW DELHI (Reuters) - Senior Indian government officials tasked by Prime Minister Narendra Modi with reviewing energy security are recommending the break up of the …

    Worker unloads coal from a goods train at a railway yard in Chandigarh

    By Neha Dasgupta and Krishna N. Das NEW DELHI (Reuters) - Senior Indian government officials tasked by Prime Minister Narendra Modi with reviewing energy security are recommending the break up of the country's coal monopoly, Coal India Ltd , within a year. The government backed down from a similar proposal in the face …

  • Global factories had bumper November but growth may have peaked Reuters

    By Jonathan Cable and Saikat Chatterjee LONDON/HONG KONG (Reuters) - Manufacturers around the globe performed strongly in November, but concerns about the protectionist leanings of U.S. President-elect …

    A worker walks inside the China Steel Corporation factory in Kaohsiung

    By Jonathan Cable and Saikat Chatterjee LONDON/HONG KONG (Reuters) - Manufacturers around the globe performed strongly in November, but concerns about the protectionist leanings of U.S. President-elect Donald Trump and an OPEC-induced oil price rally could curtail future growth. Factories across Asia and Europe ramped …

  • Citic-Carlyle near deal to buy McDonald's China assets: source Reuters

    (Reuters) - A consortium led by private-equity firm Carlyle Group and Chinese conglomerate Citic Group Corp has neared a deal to buy McDonald's Corp's stores in China and Hong Kong for up to $3 billion, …

    People walk by a McDonald's store in downtown Shanghai

    (Reuters) - A consortium led by private-equity firm Carlyle Group and Chinese conglomerate Citic Group Corp has neared a deal to buy McDonald's Corp's stores in China and Hong Kong for up to $3 billion, a source with direct knowledge of the matter said. Reuters had reported in October that U.S. buyout firms Carlyle and …

  • ChemChina setting up $5 billion fund to help finance Syngenta bid: Basis Point Reuters

    By Carol Zhong HONG KONG (Reuters) - China National Chemical Corp (ChemChina) is setting up a fund that will aim to raise $5 billion to help finance its purchase of Swiss seeds group Syngenta , two sources …

    A woman checks her phone at the headquarters of China National Chemical Corporation in Beijing

    By Carol Zhong HONG KONG (Reuters) - China National Chemical Corp (ChemChina) is setting up a fund that will aim to raise $5 billion to help finance its purchase of Swiss seeds group Syngenta , two sources with direct knowledge of the matter told Thomson Reuters publication Basis Point. The financing structure entails …

  • Carrier gets state incentives, Trump pledge for keeping U.S. jobs Reuters

    By David Shepardson and Ginger Gibson WASHINGTON (Reuters) - United Technologies Corp's Carrier unit said on Wednesday it got financial incentives from Indiana and a pledge from President-elect Donald …

    The ticker symbol for for United Technologies is displayed at the post where it is traded  on the floor of the NYSE

    By David Shepardson and Ginger Gibson WASHINGTON (Reuters) - United Technologies Corp's Carrier unit said on Wednesday it got financial incentives from Indiana and a pledge from President-elect Donald Trump to improve the climate for business in the United States in exchange for keeping more than 1,000 jobs in the state …

  • Carrier to receive state incentives, keep more than 1,000 U.S. jobs Reuters

    United Technologies Corp said on Wednesday it will retain more than 1,000 jobs at a U.S. Carrier Corp plant that was to close after receiving state financial incentives and a pledge to boost the business …

    The ticker symbol for for United Technologies is displayed at the post where it is traded  on the floor of the NYSE

    United Technologies Corp said on Wednesday it will retain more than 1,000 jobs at a U.S. Carrier Corp plant that was to close after receiving state financial incentives and a pledge to boost the business climate by the incoming Trump-Pence administration. It came about after talks between the company's chief executive, …

  • Oil jumps over 10 percent as OPEC finalizes output cut deal Reuters

    By Jessica Resnick-Ault NEW YORK (Reuters) - Oil soared more than 10 percent on Wednesday to over $50 a barrel and its highest in a month as some of the world's largest producers agreed to curb production …

    An employee holds a gas pump at a petrol station in Sao Paulo

    By Jessica Resnick-Ault NEW YORK (Reuters) - Oil soared more than 10 percent on Wednesday to over $50 a barrel and its highest in a month as some of the world's largest producers agreed to curb production for the first time since 2008 in a bid to support prices. Crude prices rose nearly 5 percent for the month.

  • Takeda's talks to acquire Valeant's Salix stall: sources Reuters

    (Reuters) - Takeda Pharmaceutical Co Ltd's <4502.T> negotiations to acquire Valeant Pharmaceuticals International Inc's Salix stomach-drug business have stalled over price disagreements, people familiar …

    Logos of Japanese Takeda Pharmaceutical Co are seen at an office building in Glattbrugg

    (Reuters) - Takeda Pharmaceutical Co Ltd's <4502.T> negotiations to acquire Valeant Pharmaceuticals International Inc's Salix stomach-drug business have stalled over price disagreements, people familiar with the matter said on Wednesday. Shares of Valeant were down more than 8 percent at $15.71 on Wednesday after the …

  • Goldman shares hit highest level since financial crisis in post-election rally Reuters

    Goldman was the biggest driver for the Dow Jones Industrial Average <.DJI>, adding 56.2 points out of a net gain of 66.6 points for the index. Goldman, like other Wall Street firms, has seen its stock …

    A sign is displayed in the reception of Goldman Sachs in Sydney

    Goldman was the biggest driver for the Dow Jones Industrial Average <.DJI>, adding 56.2 points out of a net gain of 66.6 points for the index. Goldman, like other Wall Street firms, has seen its stock soar after the Nov. 8 election, as investors expect banks to see benefits from rising interest rates and lighter regulation …

  • Actelion shares fall on report it rejects J&J offer Reuters

    ZURICH (Reuters) - Shares in Swiss biotech company Actelion fell more than 6 percent after news outlet streetinsider.com reported on Wednesday the company had rejected a full takeover offer by U.S. healthcare …

    A general view shows Swiss biotech group Actelion Headquarters in Allschwil

    ZURICH (Reuters) - Shares in Swiss biotech company Actelion fell more than 6 percent after news outlet streetinsider.com reported on Wednesday the company had rejected a full takeover offer by U.S. healthcare group Johnson & Johnson and may sell a unit. Actelion declined to comment on the report, which cited an unidentified …