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Current feed - Reuters: Business News

SoftBank-backed Oyo, known for budget stays, to rebrand Hooters hotel in Vegas
SoftBank Group Corp-backed Indian hospitality startup Oyo will rebrand Hooters Casino Hotel in Las Vegas in a deal that a source with knowledge of the matter said was worth $135 million.

Thyssenkrupp, Kloeckner in talks over co-operation in materials trading: sources
Thyssenkrupp is in talks with Kloeckner & Co over future cooperation in materials trading, but is not working on a near-term takeover of the metals firm, three people familiar with the matter said.

Stocks, dollar inch up ahead of Powell's Jackson Hole speech
World stock markets and the dollar rose on Friday as investors looked to a speech by Federal Reserve chair Jerome Powell for clarification on whether the U.S. central bank remains on course to deliver another interest rate cut in next month.

coinbase.pw
U.S. fines Deutsche Bank $16 million to settle China, Russia corruption charges
Deutsche Bank has agreed to pay more than $16 million to settle charges that it violated U.S. corruption laws by hiring relatives of foreign government officials in order to win or retain business, the U.S. regulator said in a statement.

Shares in Peppa Pig owner rise past Hasbro offer
Peppa Pig-owner Entertainment One's shares rose more than 30% to a record high on Friday, surpassing the price agreed by the company's board with U.S. toy maker Hasbro Inc in a sign that investors see some chance of a counter offer.

Stock futures edge higher before Powell speech
U.S. stock index futures edged higher on Friday as investors looked to Federal Reserve Chair Jerome Powell's speech at a meeting of central bankers in Jackson Hole for confirmation that the central bank will cut interest rates next month.

Tesla in advanced talks with LG Chem on battery supply in China: source
U.S. electric vehicle maker Tesla Inc is in advanced talks with South Korea's LG Chem Ltd to source batteries for vehicles to be made in its Shanghai plant, a person familiar with the matter said.

Huawei says U.S. curbs to cut smartphone unit's revenue by over $10 billion
Chinese technology giant Huawei said on Friday the impact of U.S. trade restrictions on its business will be less than what it initially feared, though the curbs could push its smartphone unit's revenue lower by about $10 billion this year.

Swedish regulator delays Swedbank money-laundering probe report
The Swedish Financial Supervisory Authority (FSA) will publish the conclusions of its probe into alleged money laundering in the Baltics by the beginning of next year, it said on Friday, pushing back the deadline by several months.

Deutsche Bank to transfer up to 800 to BNP in prime brokerage deal: source
A deal in the works for BNP Paribas to assume the prime brokerage operations of Deutsche Bank will involve the transfer of up to 800 people, a person with knowledge of the matter said on Friday.

 

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