Business News

  • Exclusive: Trafigura China employee arrested over alleged oil fraud

    By Chen Aizhu BEIJING (Reuters) - Chinese police have arrested an employee of commodity trader Trafigura as part of an investigatio...

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  • Best Buy to sell China business, focus on North America

    SHANGHAI (Reuters) - U.S. retailer Best Buy Co Inc said on Thursday it will sell its struggling China business, Five Star, to domes...

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  • Exclusive: Swiss firm Trafigura helped Iraqi Kurds defy Baghdad to sell oil - sources

    By Dmitry Zhdannikov and David Sheppard LONDON (Reuters) - Trafigura, one of the world's biggest commodities trading firms, played a...

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  • Volkswagen to give more power to brands, regions

    By Jan Schwartz and Andreas Cremer WOLFSBURG, Germany (Reuters) - Volkswagen will hand more power to brand managers and regional bo...

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  • Sky sells controlling stake in betting business to CVC

    LONDON (Reuters) - European pay-TV group Sky has agreed to sell a controlling stake in Sky Bet to CVC Capital Partners [CVC.UL] in ...

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  • Pilot strike grounds half of long-haul flights at Lufthansa

    FRANKFURT (Reuters) - Pilots at Lufthansa started their second strike this week on Thursday, grounding about half of scheduled long...

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  • Intel to invest $1.6 billion in China factory

    BEIJING (Reuters) - Intel Corp will invest $1.6 billion to upgrade its factory in the city of Chengdu in western China, the latest ...

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  • Exclusive: Tony James looks beyond Blackstone, would consider top job in U.S. government

    By Greg Roumeliotis NEW YORK (Reuters) - Blackstone Group LP's No. 2 executive Tony James is considering taking a role outside the ...

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  • Toyota expands Takata air bag recall in Japan, China

    By Mari Saito and Chang-Ran Kim TOKYO (Reuters) - Toyota Motor Corp said on Thursday it would call back 190,000 more vehicles to re...

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  • AvantCredit raises $225 million from Tiger Global, Peter Thiel

    SAN FRANCISCO (Reuters) - For proof financial-services startups are having something of an investor moment, consider AvantCredit, a ...

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