Current Market News

Reuters: Business News

Amazon to open its fifth logistics center in Poland

Feb 20 2017
WARSAW (Reuters) - U.S. online retailer Amazon.com Inc will open its fifth logistics center in Poland this year, it said on Monday, seeking to benefit from the country's relatively low wages and proximity to the large German market.

Lloyd's of London names Carnegie-Brown as chairman

Feb 20 2017
(Reuters) - Lloyd's of London, the world's biggest insurance market, appointed Bruce Carnegie-Brown as chairman on Monday, after his nomination was unanimously supported by its council.

UK union fears grow over future of GM's Vauxhall plants: source

Feb 20 2017
LONDON (Reuters) - The head of Britain's biggest trade union is likely to meet the CEO of PSA Group on Friday amid growing concerns over the future of Vauxhall plants if the French carmaker buys the business from General Motors, a union source told Reuters.

Telcos, banks lift European shares, dollar dips

Feb 20 2017
LONDON (Reuters) - European stocks rose on Monday, with gains in telecoms and banks offsetting a big fall in Unilever, while the dollar dipped as uncertainty over politics and the timing of a U.S. interest rate rise kept investors nervous.

Kraft backs out of Unilever bid after hostile reception

Feb 20 2017
LONDON (Reuters) - Kraft Heinz Co's rapid retreat from its surprise $143 billion bid for Unilever in the face of stiff resistance knocked the Anglo-Dutch company's shares on Monday as investors assessed the impact of the failed approach.

UK government has no intention of revoking Article 50: PM May's spokesman

Feb 20 2017
LONDON (Reuters) - The British government has no intention of revoking its withdrawal from the European Union once the formal exit process has been triggered, Prime Minister Theresa May's spokesman said on Monday.

Hong Kong union joins critics of McDonald's HK, China sale, sees pay squeeze

Feb 20 2017
HONG KONG (Reuters) - The Hong Kong Confederation of Trade Unions (HKCTU) warned that McDonald's Corp's up-to-$2.1 billion sale of its Hong Kong and China operations could hit workers' pay, adding to growing criticism of the deal on the mainland and elsewhere.

Pension deficit at GM's British operations stands at up to 1 billion pounds: source

Feb 20 2017
LONDON (Reuters) - The pensions deficit at General Motors' British division stands at up to 1 billion pounds ($1.25 billion), a source told Reuters on Monday, amid fears over the future of its Vauxhall plants as Peugeot explores a European buyout.