Business News

UK competition watchdog reprimands RBS, Santander over PPI procedures

Reuters Biz News - 2 hours 52 min ago
Britain's competition watchdog has ordered Royal Bank of Scotland and Santander to appoint auditors to check how they remind customers who have payment protection insurance (PPI), amid a mis-selling scandal over the policies.
Categories: Business News

Major fashion companies to make G7 pledge to help environment

Reuters Biz News - 2 hours 56 min ago
Major fashion companies from around the world said on Friday they had signed a pact which they would present at this week's G7 summit to help protect the environment.
Categories: Business News

Shares in Peppa Pig owner rise past Hasbro offer

Reuters Biz News - 3 hours 6 min ago
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.
Categories: Business News

Major fashion companies to make G7 pledge to help environment

Reuters Company News - 3 hours 7 min ago
Major fashion companies from around the world said on Friday they had signed a pact which they would present at this week's G7 summit to help protect the environment.
Categories: Business News

Hong Kong unions urge Cathay Pacific to end 'white terror'

Reuters Biz News - 3 hours 7 min ago
Cathay Pacific Airways , which is caught in the crosswinds between authorities in Beijing and anti-government protesters in Hong Kong, must put an end to "all forms of white terror", trade unions in the Chinese-ruled city said on Friday.
Categories: Business News

UPDATE 2-Hong Kong unions urge Cathay Pacific to end "white terror"

Reuters Company News - 3 hours 9 min ago
Cathay Pacific Airways , which is caught in the crosswinds between authorities in Beijing and anti-government protesters in Hong Kong, must put an end to "all forms of white terror", trade unions in the Chinese-ruled city said on Friday.
Categories: Business News

Glencore, Trafigura pick up aluminium in Qingdao court auctions

Reuters Company News - 3 hours 14 min ago
Commodity traders Glencore PLC and Trafigura have picked up a combined 70,479 tonnes of aluminium over the past week by winning online auctions of metal inventory dating back to China's 2014 Qingdao warehousing scandal, according to the e-commerce platform that hosted the sales.
Categories: Business News

WRAPUP 2-Hong Kong airport faces more protest turbulence

Reuters Company News - 3 hours 26 min ago
Hong Kong braced for multiple anti-government demonstrations on Friday and a "stress test" of the airport this weekend, as weeks of protest in the Chinese-ruled city showed no signs of let-up amid rising tension between China and some Western nations.
Categories: Business News

European shares grind higher ahead of Powell speech

Reuters Company News - 3 hours 31 min ago
European shares inched higher early on Friday, with all eyes on a speech by Federal Reserve Chief Jerome Powell for confirmation the the U.S. central bank is still on course to deliver another cut in interest rates next month.
Categories: Business News

Bang & Olufsen would listen if approached by buyer: chairman

Reuters Biz News - 3 hours 46 min ago
Luxury TV and speaker maker Bang & Olufsen would listen if approached by a buyer, chairman Ole Andersen told newspaper Borsen, following three earnings warnings this year.
Categories: Business News

UPDATE 2-UK Stocks-Factors to watch on Aug. 23

Reuters Company News - 4 hours 2 min ago
Britain's FTSE 100 index is seen opening 28 points higher at 7,156 on Friday, according to financial bookmakers, with futures up 0.7% ahead of the cash market open.
Categories: Business News

Japanese stocks gain, strained S.Korea ties lift defence sector

Reuters Company News - 4 hours 20 min ago
Japanese stocks rose on Friday, drawing support from a weaker yen, firmer Chinese and U.S. markets, and a jump in domestic defence shares as ties with South Korea sour further.
Categories: Business News

Asian stocks cautious ahead of Powell's speech; yuan at fresh 11-1/2 year low

Reuters Biz News - 4 hours 24 min ago
Asian shares struggled to make headway on Friday as uncertainty over how much further the U.S. Federal Reserve would cut interest rates added to investors' worries over slowing global growth.
Categories: Business News

Protest fears stalk Hong Kong businesses as China threat looms

Reuters Biz News - 4 hours 25 min ago
Walking a tightrope between anti-government protests and political masters in Beijing, many Hong Kong firms are opting to toe the Communist Party line to avoid potential repercussions having seen what happened at Cathay Pacific Airways.
Categories: Business News

GLOBAL MARKETS-Asian stocks cautious ahead of Powell's speech; yuan at fresh 11-1/2 yr low

Reuters Company News - 4 hours 29 min ago
* Yuan at new 11-1/2 yr low; offshore yuan weaken past 7.1 per USD
Categories: Business News

Tesla to buy batteries from South Korea's LG Chem: Bloomberg

Reuters Biz News - 4 hours 45 min ago
Tesla Inc has agreed to buy batteries from South Korea's LG Chem Ltd for electric vehicles manufactured in China, Bloomberg reported on Friday citing people familiar with the matter.
Categories: Business News

Tesla to buy batteries from South Korea's LG Chem - Bloomberg

Reuters Company News - 4 hours 49 min ago
Tesla Inc has agreed to buy batteries from South Korea's LG Chem Ltd for electric vehicles manufactured in China, Bloomberg reported on Friday citing people familiar with the matter.
Categories: Business News

PRESS DIGEST- New York Times business news - Aug 23

Reuters Company News - 5 hours 4 min ago
The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.
Categories: Business News

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