Current Market News

Reuters: Business News

Audi CEO drops plan to sell motorcycle brand Ducati

Dec 12 2017
INGOLSTADT, Germany (Reuters) - Germany's Audi has abandoned plans to sell its Italian motorcycle brand Ducati, its chief executive Rupert Stadler said, in a sign of confidence that the carmaker expects to be able to carry the costs of its transformation.

Oil prices jump on pipeline outage, stocks take breather

Dec 12 2017
LONDON (Reuters) - Oil prices jumped on Tuesday after the shutdown of a North Sea pipeline knocked out significant supply from an already tightening market, while world stocks took a break from a three-day rally.

Exclusive: South Africa's Steinhoff considers sale of PSG, KAP stakes to lift liquidity -sources

Dec 12 2017
JOHANNESBURG/ FRANKFURT (Reuters) - South Africa's Steinhoff is considering selling stakes worth a combined $1.4 billion in local companies PSG Group and KAP Industrial to help plug a liquidity gap at the retailer, two sources familiar with the matter said.

France's Unibail-Rodamco bids $15.7 billion for Australia's Westfield

Dec 12 2017
SYDNEY/MELBOURNE (Reuters) - France's Unibail-Rodamco has agreed to buy shopping mall owner Westfield Corp for $15.7 billion, in what would be the biggest takeover of an Australian company on record.

Bitcoin slips to around $16,300, futures volumes drop

Dec 12 2017
SINGAPORE (Reuters) - Virtual currency bitcoin dipped slightly from the previous session's record highs on Tuesday, after a month of whirlwind and volatile gains leading up to the launch of bitcoin futures on the weekend.

France's AXA to step up investments in green projects to $11 billion by 2020

Dec 12 2017
PARIS (Reuters) - French insurer AXA announced on Tuesday it would quadruple its investments in environmentally-friendly projects by 2020 to 9 billion euros ($10.60 billion) and disinvest further from the coal industry.

Brent crude oil jumps to mid-2015 high after North Sea pipeline outage

Dec 12 2017
SINGAPORE (Reuters) - Brent oil prices jumped by 1 percent on Tuesday to their highest since mid-2015, after the shutdown of the Forties North Sea pipeline knocked out significant supply from a market already tightening due to OPEC-led production cuts.

U.S. transit agencies cautious on electric buses despite bold forecasts

Dec 12 2017
LOS ANGELES (Reuters) - Communities across the United States are looking to replace their dirty diesel buses, ushering in what some analysts predict will be a boom in electric fleets.