Reuters: Business News

Reuters News
  1. European stocks drop after tech reboot fails
    Europe's share markets dropped back into the red on Thursday as investor worries mounted about slowing global growth in the face of rising U.S. interest rates and trade tensions.
  2. China says U.S. accusations of unfair trade practices 'groundless'
    China rejected fresh U.S. accusations of perpetuating "unfair" trade practices and urged Washington on Thursday to stop making provocations, showing little sign of backing down days ahead a high-stakes meeting between leaders from both countries.
  3. Oil falls on rising U.S. inventories, OPEC talk of cut limits loss
    Oil prices fell on Thursday after U.S. crude inventories swelled to their highest level since December stoking concerns about a global glut but OPEC talk of an output reduction limited losses.
  4. Nissan board meets to end Ghosn's two-decade reign
    Nissan Motor Co is holding a board meeting to oust Chairman Carlos Ghosn after the shock arrest of its once-revered leader, ushering in a period of uncertainty for its 19-year alliance with Renault .
  5. Nokia reshuffles management with focus on 5G market
    The head of Nokia's mobile networks arm, its largest business unit, is leaving the Finnish company as part of changes designed to position the company for the 5G telecoms era, Nokia said on Thursday.
  6. Indonesia's Lion Air to meet Boeing next week to discuss MAX series orders
    Indonesia's Lion Air plans to meet Boeing Co on Nov. 30 to review the airline's orders for Boeing 737 MAX series planes in the period until 2035, Lion Air's director of safety and security Daniel Putut said on Thursday.
  7. Hyundai shares skid as U.S. prosecutors probe Hyundai car recalls
    Hyundai Motor and affiliate Kia Motors are being investigated by U.S. prosecutors over whether vehicle recalls were conducted properly, a person said and documents reviewed by Reuters showed.
  8. Tokyo prosecutor: can't comment on whether Ghosn has admitted to allegations
    Shin Kukimoto, deputy public prosecutor at the Tokyo District Public Prosecutors Office, said on Thursday that he could not comment on whether Nissan Chairman Carlos Ghosn had admitted to allegations of financial misconduct.
  9. Steinhoff's U.S. unit Mattress Firm exits bankruptcy, shuts 660 stores
    Steinhoff International said on Thursday its Mattress Firm Inc unit, the largest U.S. mattress retailer, emerged out of bankruptcy with access to $525 million in exit financing, within two months of filing for Chapter 11 protection.
  10. Exclusive: Prosecutors weigh competing accounts in CEO rape allegation
    On the night of Aug. 30, a 21-year-old University of Minnesota student said she was in a chauffeured black car, trying to keep billionaire Inc Chief Executive Richard Liu from pulling off her clothes.

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