Business News

By Yantoultra Ngui SINGAPORE, July 6 (Reuters) - Tencent Mobility, a unit of Tencent Holdings, is seeking to ​raise up to $1.55 billion by ‌selling shares in Chinese short-video company Kuaishou Technology, according to a term sheet seen by Reuters on ...

July 6 (Reuters) - Goldman Sachs said on Monday that Evan Kotsovinos has ​joined the banking ‌giant from Google as a partner and head of asset and wealth management engineering. Here ‌are ​more details ⁠from the press ⁠release: • In the role, Kotsovino...

July 6 (Reuters) - Broadcom said on Monday it has agreed to expand its partnership with Apple through 2031 to ​develop and supply a range of ‌custom chips, sending the shares of the chipmaker up nearly 4% in premarket trading. Broadcom has been a suppl...

By Andy Bruce MANCHESTER, England, July 6 (Reuters) - Britain's prime minister-in-waiting, Andy Burnham, promises radical change while sticking to the country's fiscal rules, a strategy that needs discipline, luck, and maybe an old trick: kicking the p...

By Nell Mackenzie LONDON, July 6 (Reuters) - U.S. hedge funds sold tech hardware stocks for a fourth week in a row, according to a ​client note from Goldman Sachs on Friday, ‌in line with a recent decline in global chip shares and just before many of t...

By Nick Carey, Christina Amann and Rachel More LONDON/BERLIN, July 6 (Reuters) - Volkswagen CEO Oliver Blume faces perhaps the biggest test of his leadership this week: persuading the German carmaker's supervisory board to accept painful job cuts and f...

July 6 (Reuters) - South Korean chipmaker SK Hynix on Monday launched a U.S. share sale to raise 43 trillion won ($28.07 billion) and drew indications of interest for up to $7 billion from major investors, as it capitalises on the global AI boom with o...

By Phoebe Seers LONDON, July 6 (Reuters) - Britain should review whether large language models such as ChatGPT, Claude and Gemini should be regulated as general-purpose AI tools as they increasingly influence consumer financial decisions, a ​senior of...

By Anna Szymanski July 6 (Reuters) - What matters in U.S. and global markets today By Anna Szymanski, Editor-in-Charge, Reuters Open Interest Markets began the week on a mixed note, with Asian shares easing and Wall Street futures ticking up before th...

By Helen Reid PARIS, July 6 (Reuters) - In a coup for Parisian fashion house Christian Dior, both Taylor Swift and Travis Kelce wore Haute Couture designs by creative director Jonathan Anderson for their wedding in New York, handing the label an edge i...

COPENHAGEN, July 6 (Reuters) - Shipping groups Maersk and Hapag-Lloyd will resume some sailings through the Suez Canal under their Gemini joint network, Maersk said on Monday, hitting shares of both companies because ​of the potential impact on freight...

By Ragini Mathur and Avinash P July 6 (Reuters) - S&P 500 and Nasdaq futures were up on Monday, building on last week's rally as chip stocks stabilized after recent weakness and investors awaited minutes from the last Federal Reserve meeting and the s...

By Victoria Pacheco and Luciana Magalhaes SAO PAULO, July 6 (Reuters) - Markets were rattled earlier this year when sugar and ethanol company Raizen sought Brazil's largest-ever out-of-court debt restructuring at $12.5 billion. But the company was hard...

By Julia Payne and Yoruk Bahceli BRUSSELS/LONDON, July 6 (Reuters) - A renewed Middle East conflict and a U.S. asset sell-off are the two biggest risks to the euro zone, which, if twinned, could tip the euro area into ​a recession and send inflation ne...

BERLIN, July 6 (Reuters) - The Sentix index measuring investor morale in the euro zone currency area improved ​significantly more than expected in ‌July, with its third increase in a row bolstered by growing investor confidence and brighter expectation...

LONDON, July 6 (Reuters) - Britain's construction sector contracted sharply again in June, though the downturn eased slightly from ​May's six-year low as commercial ‌building weakened less, a business survey showed on Monday. The S&P Global UK Construc...

July 6 (Reuters) - Shares in easyJet rose 10% in early trading on Monday after the British budget airline agreed in principle to a £5.5 billion ($7.34 billion) takeover proposal from ​U.S. investment firm Castlelake over the weekend. EasyJet said on Su...

By Dmitry Zhdannikov, Robert Harvey and Ahmad Ghaddar LONDON, July 6 (Reuters) - The world has absorbed with surprising ease the loss of over a billion barrels of oil supply since the Iran war began, but, with long-term peace elusive and buffer reserve...

FRANKFURT, July 6 (Reuters) - The mood among those financing commercial real estate in Germany plunged in the second ​quarter, a survey showed on ‌Monday, after the war in Iran prompted a rise in inflation and higher interest rates. • The survey by BF....

July 6 (Reuters) - European shares were flat on Monday after a strong previous week, with investors focussing on new deals, especially ​the take-private offer for UK's easyJet. The ‌pan-European STOXX 600 index was at 652.84 points as of 0710 GMT after...