Category : NewsBay

Republic Airways files for Chapter 11 protection

Regional carrier Republic Airways filed for Chapter 11 bankruptcy protection on Thursday, after several quarters of falling revenue.

Inflation remains elusive in Japan

Japan's January CPI were unchanged from a year ago, suggesting that falling energy costs will keep inflation below the BOJ's 2 percent target.

'China's Google' Baidu reports 33% jump in revenue

Baidu reported a 33 percent increase in quarterly revenue as more advertising money flowed into its core search engine business.

SGX in talks to buy London's Baltic Exchange

The Singapore Exchange has put in a bid to buy the Baltic Exchange, months after the LME made an approach to buy the storied London exchange.

Stock picks to survive an economic downturn

Uncertainty about the global economy, the markets and oil has some market players using the R word again.

RPT-CERAWEEK-Top oil pipeline CEO says overcapacity in market is 'hell'

HOUSTON, Feb 24 (Reuters) - Pipeline overcapacity and over-production are weighing on the U.S. midstream oil sector, two top CEOs said on Wednesday, with one calling the existing downturn in the market "hell."

US STOCKS SNAPSHOT-Wall St opens higher after manufacturing data

Feb 25 (Reuters) - Wall Street opened slightly higher on Thursday as data showed an uptick in U.S. manufacturing activity and oil prices steadied.

GLOBAL MARKETS-Europe shrugs off pre-G20 China mauling, sterling steadies

* China stocks slump 6 percent on eve of G-20 summit in Shanghai* Volatile crude oil prices seesaw, though remain above lows* European bourses bounce 1.3 percent after 4 pct drop in 2 days* Dollar claws back ground against yen, sterling edges upBy...

UPDATE 6-Foxconn deal for Japan's Sharp in doubt after last-minute hitch

* Sharp slides 14 pct on dilution prior to Foxconn statement (Adds details, background)

UPDATE 2-Police raid Brazil steelmaker Gerdau, issue CEO arrest warrant

SAO PAULO, Feb 25 (Reuters) - Federal police said they raided the offices of Brazilian steelmaker Gerdau SA on Thursday and issued an arrest warrant for its chief executive on suspicion the company evaded hundreds of millions of dollars in taxes.

Brazil's Embraer says Iran talks in early stages

SAO JOSE DOS CAMPOS, Brazil, Feb 25 (Reuters) - Brazilian planemaker Embraer SA is in early talks with Iran, with a focus on commercial aviation, following the end of international sanctions, Chief Executive Frederico Curado told journalists on Thurs...

REFILE-US STOCKS-Wall St set to open little changed as oil retreats

Feb 25 (Reuters) - U.S. stocks futures swung in and out of negative territory on Thursday as oil prices slid but data showed an uptick in U.S. manufacturing activity.

REFILE-UPDATE 1-Soccer-Rivals make final pitches for leadership of 'broken' FIFA

ZURICH, Feb 25 (Reuters) - The five men vying for the leadership of world soccer made their final eve-of-vote pitches on Thursday, outlining competing visions for the future of governing body FIFA as it tries to recover from the worst corruption scan...

Third of global firms now hit by cybercrime

Economic crime is rising, with cybercrime affecting almost a third of global businesses, according to the latest survey by PwC.

Theme park owner to be prosecuted after coaster crash

The owner of Alton Towers is to be prosecuted after one of the attraction’s roller coasters crashed.