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Latest News

Swiss probe incident involving ex-Credit Suisse banker Khan, private detectives
Today, 12:15
ZURICH (Reuters) - Zurich prosecutors have opened a criminal investigation into an incident last week in which private detectives allegedly shadowed ex-Credit Suisse (S:CSGN) banker Iqbal Khan and his wife, the district attorney's office said on Monday Khan, due to take up leadership of UBS's (S:UBSG) wealth management unit next month just three months after leaving Credit Suisse , filed a criminal complaint alleging threats and ..
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Chinese U.S. homebuying to hit eight-year low, says leading property site
Today, 12:12
By Dominic Roshan KL and Ankit Ajmera (Reuters) - U.S. home sales to Chinese buyers are likely to drop to an eight-year low in the year ending next March as a prolonged Sino-U.S. trade war hits demand, according to estimates from Chinese real estate website Analogous to U.S. portals like and Trulia, Juwai is China's largest international property website, hosting some 2.8 million listings on both sides of China's ..
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Turkey could miss out on 700,000 tourists a year after Thomas Cook collapse: hotel federation
Today, 12:09
ISTANBUL (Reuters) - Turkey could miss out on 600,000-700,000 tourists a year following the collapse of British tourism agency Thomas Cook (L:TCG) on Monday, the head of Turkey's Hoteliers Federation (TUROFED) said. TUROFED chairman Osman Ayik said the estimate was based on the number of tourists that had come to Turkey with Thomas Cook in recent years. He said those tourists may now decide against returning with other travel agencies. The ..
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Graphic: Repo ructions - Then and now
Today, 12:06
By Saqib Iqbal Ahmed NEW YORK (Reuters) - Investors were jolted last week when rates in an obscure part of the U.S. lending market spiked, prompting fears of bigger problems for the financial market and broader economy. Cash available to banks for their short-term funding needs all but dried up early last week, and borrowing costs in the $2.2 trillion repurchase agreement - or repo - market soared as high as 10% at one point on Tuesday, about ..
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Stocks - U.S. Futures Flat After Chines Officials Break Off Extended U.S. Trip 
Today, 12:03 - U.S. futures were flat on Monday, after Chinese officials cut their U.S. trip short and speculation remained on whether or not the two largest economies in the world will reach a trade deal in the coming months. Both sides said the talks were constructive, but neither gave any details about what was discussed. Chinese officials were expected to visit various farming regions but announced on Friday that they were returning home ..
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Top 5 Things to Know in the Market on Monday
Today, 11:24 -- WeWork's CEO and founder Adam Neumann may go the way of Uber's Travis Kalanick, and there's no end in sight to the slowdown in global manufacturing. Here's what you need to know in financial markets on Monday, 23rd September. 1. Softbank looks for the ejector seat button Softbank, the largest outside shareholder in We Company, is pushing for CEO and founder Adam Neumann to be replaced as chief executive of ..
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NewsBreak: Oil Falls on Reports Saudi Production to be Restored by Next Week
Today, 11:21 - Oil prices reversed gains on Monday following reports that top crude exporter Saudi Arabia is due to restore oil production as soon as next week after an attack on key output facilities earlier this month. Brent crude was down 30 cents to $63.97 a barrel by 6:00 AM ET (10:00GMT). U.S. West Texas Intermediate crude fell 33 cents to $57.76. The price reversal came after Reuters reported that Saudi's Khurais and Abqaiq oil ..
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Exclusive: Ceconomy eyes deal with heirs of Media Markt founder - sources
Today, 11:18
By Matthias Inverardi and Arno Schuetze DUESSELDORF (Reuters) - Germany's Ceconomy (DE:CECG), Europe’s biggest consumer electronics group, is in talks to resolve a long-running dispute with a major shareholder of subsidiary Media Saturn, people close to the matter said on Monday. Under the transaction being discussed, the holding of the Kellerhals family, Convergenta, would swap its stake in the jointly held Media Saturn for a 25% stake in ..
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Top Swiss court lets prosecutors help Italian oil corruption probe
Today, 11:15
ZURICH (Reuters) - Switzerland's top court has allowed Geneva prosecutors to share with Italy material they seized more than three years ago that could shed light on a case involving oil majors Eni (MI:ENI) and Royal Dutch Shell (L:RDSa) and corrupt payments in Nigeria. In a ruling announced on Monday, the Federal Tribunal rejected Nigerian defendant Emeka Obi's appeal to prevent photocopies of items and computer files from his ..
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At shuttered Ohio plant, workers still hope for new GM vehicle
Today, 11:12
By Nick Carey LORDSTOWN, Ohio (Reuters) - When asked about reports General Motors Co (N:GM) may turn its shuttered Lordstown, Ohio, plant into a battery factory, "Buffalo" Joe Nero snorts and points at the vast complex that until six months ago made the Chevrolet Cruze. "You can't support a plant like this making batteries. We need a new vehicle allocated to us," said Nero, 62, who has worked at five plants over 42 years with the No. 1 U.S. ..
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