Latest Business News from Reuters

Japanese airbag maker Takata files for bankruptcy, gets U.S. sponsor
Posted on Sun, 25 Jun 2017 23:24:51 -0400

TOKYO (Reuters) - Japan's Takata Corp 7312.T, the firm at the centre of the auto industry's biggest ever product recall, filed for bankruptcy protection in the United States and Japan and said it would seek $1.6 billion in aid from U.S.-based Key Safety Systems (KSS).

Asia stocks edge up on optimism over global growth, dollar soft
Posted on Sun, 25 Jun 2017 22:51:17 -0400

TOKYO (Reuters) - Asian shares edged up on Monday on optimism about global growth, while the dollar was on the defensive as a subdued U.S. inflation outlook capped U.S. bond yields and raised questions about the Federal Reserve's plans to tighten policy.

Loeb's Third Point targets 'staid' Nestle for change
Posted on Sun, 25 Jun 2017 23:25:47 -0400

(Reuters) - Activist investor Daniel Loeb's Third Point LLC on Sunday unveiled a stake of more than 1 percent in Switzerland's Nestle SA and urged the world's largest packaged foods maker to improve its margins, buy back stock and shed non-core businesses.

Push on with the 'great unwinding', BIS tells central banks
Posted on Sun, 25 Jun 2017 06:45:09 -0400

LONDON (Reuters) - Major central banks should press ahead with interest rate increases, the Bank for International Settlements said on Sunday, while recognizing that some turbulence in financial markets will have to be negotiated along the way.

Italy winds up Veneto banks at cost of up to 17 billion euros
Posted on Sun, 25 Jun 2017 16:45:32 -0400

MILAN/ROME (Reuters) - Italy began winding up two failed regional banks on Sunday in a deal that could cost the state up to 17 billion euros ($19 billion) and will leave the lenders' good assets in the hands of the nation's biggest retail bank, Intesa Sanpaolo.

Latest Business News from Forbes

Of Course Fracking Is Safe, Stanford Prof Says
Posted on Mon, 26 Jun 2017 00:01:00 -0400

The benefits of fracking far outweigh its costs not only economically, but environmentally, a Stanford University geophysicist said Friday.

Walt Disney's Original Disneyland Map Sells For $708,000 At Auction
Posted on Sun, 25 Jun 2017 23:06:00 -0400

Walt Disney’s Disneyland presentation map, the document that secured funding for the theme park, has sold for $708,000 at an auction in Los Angeles.

How India Got Wrapped Up In China's Belt And Road Initiative, Despite Opposing It
Posted on Sun, 25 Jun 2017 22:34:00 -0400

Nepal formally signs on to China's Belt and Road, leaving India encircled by countries participating in the initiative. Is India's grip on South Asia starting to slip as China moves in?

'Dangal' Still Wrestling In 8th China Weekend, Scores Marvelous 6 Cr. / $900K
Posted on Sun, 25 Jun 2017 22:16:00 -0400

The wrestling drama was down on the mat but came back like a champ to advance its record-busting China run to new records.

'Fear The Walking Dead' Season 3, Episode 5 Review: Drowning In Water, Burning In Flame
Posted on Sun, 25 Jun 2017 22:00:00 -0400

'Fear The Walking Dead' returns with yet another outstanding episode Sunday night.