Reuters: Business News

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08/18/2018 12:12 PM
Exclusive - U.S. tech giants plan to fight India's data localisation plans
U.S. technology giants plan to intensify lobbying efforts against stringent Indian data localisation requirements, which they say will undermine their growth ambitions in India, sources told Reuters.

08/18/2018 11:44 AM
Turkey's Erdogan says to challenge 'games' on the economy
A day after two major ratings agencies downgraded Turkey closer to junk status amid a currency crisis, Turkish President Tayyip Erdogan said he would challenge those playing "games" on the economy.

08/18/2018 09:03 AM
Iran anti-money laundering law faces challenge as deadline looms
A top Iranian constitutional body has demanded changes to anti-money laundering measures passed by parliament, state-run media said on Saturday, as Tehran nears a deadline to pass legislation to help it attract investment while facing U.S sanctions.

08/18/2018 08:40 AM
China's Geely in deal to let Malaysia's Proton tap new-energy, other vehicle tech in global push
Chinese automaker Geely has agreed to extend its existing partnership with Proton Holdings Berhad to upgrade the Malaysia carmaker's line-up of cars and power Proton go beyond Malaysia, part of an ongoing effort to help Proton establish a presence in China and other international markets.

08/18/2018 08:10 AM
Italy's Autostrade to announce plan for victims, city after bridge collapse
Italy's Autostrade per l'Italia said it would hold a news conference in Genoa on Saturday to announce initiatives it would take after the collapse of a motorway bridge.

08/18/2018 06:53 AM
India's Infosys says CFO Ranganath has tendered resignation
The Chief Financial Officer of Infosys Ltd has tendered his resignation just seven months after India's second-biggest software services exporter appointed a new Chief Executive Officer.

08/18/2018 02:50 AM
China sacks six senior officials at food and drug regulator over vaccine scandal
China said on Saturday it has sacked six senior officials at its food and drug regulator after a safety scandal at vaccine maker Changsheng Biotechnology Co Ltd revealed failings at the government body including inadequate supervision.

08/18/2018 01:33 AM
U.N. chief suggests options for improved Palestinian protection
The protection of Palestinian civilians could be improved by the deployment of U.N.-mandated armed forces or unarmed observers, a beefed-up U.N. civilian presence or expanded U.N. assistance, Secretary-General Antonio Guterres wrote in a report on Friday.

08/18/2018 01:33 AM
Workers at Chile's Escondida, world's top copper mine, ink contract
The union representing workers of Chilean copper mine Escondida signed a new collective labour contract on Friday, ending the risk of a strike that could have paralysed the world's biggest copper mine.

08/18/2018 01:15 AM
Texas jury finds Toyota negligent in accident, awards $242 million to family
A Texas jury awarded damages of $242 million to a Dallas family after finding that defects in the family's Lexus sedan caused injuries to their two children during a rear-end collision, the law firm representing the plaintiffs said on Friday.

08/17/2018 11:02 PM
Tencent-backed Qutoutiao files for U.S. IPO
Chinese content aggregator Qutoutiao Inc, which is backed by technology giant Tencent Holdings Ltd , filed for an initial public offering of up to $300 million with the U.S. Securities and Exchange Commission on Friday.

08/17/2018 10:44 PM
Shell's Convent gasoline unit expected online next week - sources
Royal Dutch Shell Plc expects to return the gasoline-producing unit at its 209,787-barrel-per-day Convent, Louisiana, refinery to production early next week, two sources familiar with plant operations said on Friday.

08/17/2018 10:17 PM
Worst week in five months for FTSE as EM goes south
Britain's top share index failed to rebound convincingly on Friday at the end of a turbulent week for markets during which an economic crisis in Turkey spread anxiety across global financials and mining stocks.

08/17/2018 09:51 PM
USTR doubles length of tariff hearing on $200 billion of China goods
The U.S. Trade Representative's office said on Friday it doubled the length of tariff hearings on the next $200 billion worth of Chinese goods to six days from the previously planned three due to overwhelming demand from companies to testify.

08/17/2018 09:47 PM
Turkey's lira falls 3 percent, Trump won't take pastor's detention 'sitting down'
Turkey's battered lira weakened 3 percent on Friday after a Turkish court rejected an American pastor's appeal for release, drawing a stiff rebuke from President Donald Trump, who said the United States would not take the detention "sitting down".

08/17/2018 09:43 PM
Thyssenkrupp's interim chairman says structure is not sacrosanct - Focus
Thyssenkrupp's workers are prepared to do their part in the ongoing restructuring of the embattled conglomerate, its interim chairman and trade union secretary Markus Grolms told a German magazine.

08/17/2018 08:47 PM
Trump backs CEOs, proposes easing corporate reporting rules
U.S. President Donald Trump asked securities regulators to explore replacing quarterly reporting requirements with half-yearly filings at the urging of executives including PepsiCo Chief Executive Indra Nooyi, reigniting a debate about how often companies should give financial updates to investors.

08/17/2018 08:44 PM
Global stocks edge higher as Turkey worries offset U.S.-China trade talks
NEW YORK - Another steep decline in the Turkish lira on Friday pushed emerging market equities lower and kept other world markets cautious, overshadowing hopes that an upcoming U.S.-China meeting would resolve concerns over trade tariffs.

08/17/2018 08:20 PM
Musk's tunnel-boring firm seeks U.S. tariff exemption for Chinese parts
A company owned by Elon Musk that is trying to lower the cost of building high-speed transit tunnels has asked the Trump administration to exempt it from tariffs for some Chinese-made tunnel boring machine components, warning the tariffs could significantly delay a planned tunnel between New York and Washington.

08/17/2018 08:16 PM
Exclusive - ValueAct invests $800 million in financial stocks in second quarter - letter
Activist hedge fund ValueAct Capital Management boosted investments in financial stocks by more than $800 million during the second quarter, citing attractive risk-adjusted values of big banks, according to a client letter viewed by Reuters.