Reuters: Business News

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06/28/2017 08:25 AM
Cyber attack sweeps globe, researchers see 'WannaCry' link
MOSCOW/KIEV/WASHINGTON (Reuters) - A major global cyber attack disrupted computers at Russia's biggest oil company, Ukrainian banks and multinational firms with a virus similar to the ransomware that infected more than 300,000 computers last month.

06/28/2017 08:20 AM
UK house price growth bounces back in June - Nationwide
LONDON (Reuters) - British house prices rebounded in June after falling for three months, mortgage lender Nationwide said on Wednesday, bucking other signs of weakness in the housing market.

06/28/2017 08:17 AM
Stagecoach reports 15.3 percent fall in full-year profit
(Reuters) - British transport company Stagecoach Group Plc on Wednesday reported a 15.3 percent drop in its full-year pretax profit as economic conditions hurt its domestic bus business.

06/28/2017 08:15 AM
Activist investor calls Hong Kong market rout
HONG KONG (Reuters) - Six weeks ago, David Webb, an activist investor and former director of the Hong Kong exchange, issued a report titled "The Engima Network: 50 stocks not to own". On Tuesday, most of the shares he named abruptly plunged, pointing to chronic regulatory problems over small-cap shares in the Asian financial hub.

06/28/2017 07:57 AM
Toshiba misses self-imposed deadline for chip unit sale, sues Western Digital
CHIBA, Japan (Reuters) - Japan's Toshiba Corp has pushed back its timeline to clinch a sale of its prized flash memory chip unit, saying the $18 billion (£14 billion) deal was being held up due to differences of opinion within the consortium chosen as preferred bidder.

06/28/2017 07:31 AM
Tech, oil slump sends European shares to two-month low
LONDON (Reuters) - A slump among technology stocks after a global cyber attack added to depressed crude prices to cast a cloud over European shares on Wednesday, sending them to their lowest in two months.

06/28/2017 07:12 AM
Now is not the time to raise interest rates - BoE's Cunliffe
LONDON (Reuters) - Bank of England Deputy Governor Jon Cunliffe on Wednesday signalled that now is not the time to raise interest rates, siding with his boss Mark Carney in a deepening split between officials on the need for higher borrowing costs.

06/28/2017 07:10 AM
Japan, EU press ahead on free trade pact to counter U.S. protectionism
TOKYO (Reuters) - Japanese and European Union negotiators meeting in Tokyo aim to reach a free trade deal that would stand against a protectionist tide threatening the global economy, and make the United States think twice over pursuing inward-looking policies.

06/28/2017 07:00 AM
UK orders sweeping changes to boost funds industry transparency
LONDON (Reuters) - Britain's markets watchdog proposed on Wednesday a suite of changes to the 7 trillion pound asset management industry in order to improve transparency and value for money for customers.

06/28/2017 01:38 AM
Ready or not, Indian businesses brace for biggest-ever tax reform
MEERUT, India (Reuters) - Businessman Pankaj Jain is so worried about the impending launch of a new sales tax in India that he is thinking of shutting down his tiny textile factory for a month to give himself time to adjust.