Author Archives: Reuters: Business News

U.S. companies no longer know rules of game under Trump, Hasbro director says

CASCAIS, Portugal (Reuters) - Confusion surrounding the trade policies of U.S. President Donald Trump's administration means U.S. companies no longer know the rules of the game, a board member and former CEO of toymaker Hasbro told an international co...

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RBS investor group accepts offer to end lawsuit over 2008 cash call

LONDON (Reuters) - A group representing Royal Bank of Scotland investors has accepted an out-of-court deal to settle a lawsuit that aimed to call disgraced former CEO Fred Goodwin to account over a 12 billion pound ($15 billion) cash call in 2008.

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BMW says shortage of parts from Bosch hampers production

FRANKFURT (Reuters) - German carmaker BMW said a shortage of steering gears supplied by Robert Bosch [ROBG.UL] slowed production of several of its compact and mid-sized models and caused stoppages at its plants in South Africa and China.

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As Fed raises rates, aim is not to roil markets, Williams says

(Reuters) - The U.S. economy is at or near the Federal Reserve's goals of full employment and stable prices, San Francisco Fed President John Williams said, adding that the U.S. central bank wants to make sure markets stay calm as it slowly returns int...

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British Airways vows ‘never again’ after costly IT collapse

LONDON (Reuters) - British Airways (BA) said it would take steps to ensure there was no repeat of a computer system failure that stranded 75,000 passengers over a holiday weekend and turned into a public relations disaster.

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Dollar edges up, markets take North Korea missile test in stride

TOKYO (Reuters) - The dollar edged higher against a basket of currencies on Monday, moving away from last week's 6-1/2-month lows and shrugging off news of North Korea's latest missile test as investor attention turned to the Federal Reserve's expected...

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Italian banks sink on early election worries

LONDON (Reuters) - Concern over Italy's banks and Britain's national election dominated holiday-thinned European financial markets on Monday, from back off two-year highs.

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Lenovo’s struggling mobile business sets sight on high-end market

HONG KONG (Reuters) - After a bruising fall from its spot as the world's third-largest mobile phone maker following its acquisition of Motorola three years ago, China's Lenovo Group Ltd is counting on a push upmarket to stop the bleeding in its smartp...

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Russia squares up to Boeing, Airbus with maiden jet flight

MOSCOW (Reuters) - Russia carried out the maiden flight of its new MS-21 medium-range passenger plane on Sunday, its first post-Soviet foray into production of a mainline commercial aircraft which it hopes will rival those of its Western competitors.

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Supply problems hit production at BMW: Focus

FRANKFURT (Reuters) - Problems at one of its suppliers has forced German carmaker BMW to halt production in Leipzig and could hit its plants in China and South Africa, German magazine Focus reported in its online edition.

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Beijing bling: Hyundai plots China branding reboot after missile row

SEOUL/BEIJING (Reuters) - Bruised by anti-Korean sentiment in its biggest market and losing ground to local automakers, Hyundai Motor will open its first Chinese brand store, and may locally assemble its premium Genesis cars and accelerate the launch ...

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Reliance Communications hit by Indian mobile price war

MUMBAI (Reuters) - Indian mobile phone network operator Reliance Communications Ltd posted its second straight quarterly loss on Saturday, hit by the price war which has broken out in the world's second-biggest mobile market by number of users.

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GM says ISS advises against Greenlight share plan, board nominees

(Reuters) - General Motors Co said on Saturday that proxy advisory firm Institutional Shareholder Services has recommended that shareholders vote against a slate of directors proposed by hedge fund Greenlight Capital and reject the hedge fund's plan to...

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