Business & Finance News
Around two hundred people queued outside the first Starbucks cafe in Italy on Friday, as the world’s biggest coffee chain faces one of its toughest tests yet with an upmarket roastery in the center of Milan.
British Airways apologized on Friday after the credit card details of hundreds of thousands of its customers were stolen over a two-week period in the most serious attack on its website and app.
NEW YORK (LPC) – Carlyle Group has hired Tim Broadbent, the former head of US leveraged loan syndicate at Barclays, to lead a new group that will provide issuers and financial sponsors with capital markets advice.
Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.
Seven trade unions representing Ryanair cabin crew in five countries threatened on Friday to hold a strike in late September unless the airline agrees to change working conditions.
World share indexes limped toward their worst week in almost six months on Friday, with Asia equities hitting a 14-month low and U.S. stocks down in early trading as investors braced for additional trade tariffs and higher U.S. interest rates.
Chinese officials and executives of ExxonMobil Corp discussed a $10 billion investment by the U.S.-based firm in the southern province of Guangdong, Chinese state television reported on Friday.
White House economic adviser Larry Kudlow said on Friday that issues over dairy continued to block progress on talks between the United States and Canada to revamp the North American Free Trade Agreement (NAFTA).
Ten years after the collapse of Lehman Brothers and the onset of the global financial crisis, much of the industrialized world has yet to fully recover and this will be all too evident at the European Central Bank’s policy meeting on Thursday.
Canada is increasingly optimistic it can reach a deal with the United States to salvage the North American Free Trade Agreement, although it may take until the end of September, a source with direct knowledge of the talks said on Friday.
Electric carmaker Tesla Inc has seen a flurry of senior executive exits in recent months.
The S&P 500 and Dow Industrials dropped on Friday after strong August jobs data raised concerns about the possibility of faster interest rate hikes, but a rebound in chip stocks helped the Nasdaq trade higher.
Tesla Inc shares fell nearly 9 percent on Friday as the resignation of its chief accounting officer after just a month at work spooked investors amid another social media storm around billionaire chief executive Elon Musk.
Bets are building that the Federal Reserve will follow this year’s interest rate hikes with more next year after the U.S. government reported on Friday that the country’s employers accelerated hiring in August and increased wages more than expected.
U.S. stock indexes opened lower on Friday, as strong jobs data highlighted tightening labor market conditions and cemented expectations for the Federal Reserve increasing interest rates.
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