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Reuters Business
Jul 24, 2019

KKR buying Australian Tim Tam cookie maker from Campbell for $2.2 billion
KKR & Co said it is buying Campbell Soup Co's Australian snacks unit Arnott's Biscuits that will give it ownership of top-selling cookie brands such as Tim Tam, in a deal local media reported was worth $2.2 billion.

Reuters Business
Jul 24, 2019

Philippines' Jollibee buying U.S. firm Coffee Bean for $100 million
Philippines' Jollibee Foods Corp said on Wednesday it is buying U.S. brand Coffee Bean & Tea Leaf for $100 million.

Reuters Business
Jul 24, 2019

Starbucks to expand delivery with Uber Eats across U.S in early 2020
Starbucks Corp said on Tuesday it would expand its partnership with Uber Eats to deliver food and coffee throughout the United States in early 2020.

Reuters Business
Jul 24, 2019

Uber Freight launches in Germany, faces local competition
U.S. ride-hailing company Uber is launching a freight platform in Germany, taking on local technology startups in a race to grab a share of Europe's $500 billion trucking market.

Reuters Business
Jul 23, 2019

Oil edges higher on U.S. inventory decline, escalating Mideast tensions
Oil prices edged higher on Wednesday, extending gains as rising tensions with Iran fueled concerns about supply disruptions and as U.S. inventory data showed a much bigger than expected drop in crude stockpiles.

Reuters Business
Jul 23, 2019

Asia stocks welcome trade talks, euro on defensive
Asian shares on Wednesday gave a guarded welcome to hints of progress in the Sino-U.S. trade saga, while the dollar hit two-month highs on the euro as investors wagered on a dovish outcome from the European Central Bank's coming policy meeting.

Reuters Business
Jul 23, 2019

Japan's Nissan to double global job cuts to over 10,000: source
Nissan Motor Co Ltd plans to expand job cuts to over 10,000 to help turn around its business, a person with direct knowledge of the matter said on Wednesday, showing the tough road ahead for an automaker grappling with management upheaval.

Reuters Business
Jul 23, 2019

Oil prices gain on U.S. inventory drop, Middle East tensions
Oil prices rose on Wednesday, extending gains after an industry group reported a much bigger than expected drop in U.S. inventories, while the U.S. Navy said it may have downed a second Iranian drone last week.

Reuters Business
Jul 23, 2019

Nissan plans to cut over 10,000 jobs globally: source
Nissan Motor Co Ltd is planning to cut more than 10,000 jobs globally to help turn around its business, a source said on Wednesday, showing a tough road ahead for the automaker which is also reeling from the ouster of former Chairman Carlos Ghosn.

Reuters Business
Jul 23, 2019

Asia stocks cautious on trade talks; euro under pressure
Asian shares nudged higher on Wednesday amid hints of progress in the Sino-U.S. trade saga, while the dollar hit two-month highs on the euro as investors wagered on a dovish outcome from the European Central Bank's coming policy meeting.

Reuters Business
Jul 23, 2019

WeWork looking to go public as early as September: source
Shared office space manager WeWork is looking to go public as soon as September, earlier than previously expected, a person familiar with the matter told Reuters on Tuesday.

Reuters Business
Jul 23, 2019

China's credit push to small firms falters in factory heartland
China's campaign to boost loans to small firms was supposed to support the economy during its biggest slowdown in decades, but banks' reluctance to lend has left exporters and manufacturers in its southern industrial belt struggling to pay the bills.

Reuters Business
Jul 23, 2019

UPS adding Sunday delivery next year, joining rival FedEx
United Parcel Service Inc next year will join rival FedEx Corp in adding Sunday delivery services, efforts viewed as bids to fend off customer-turned-competitor Amazon.com Inc .

Reuters Business
Jul 23, 2019

Bank drops objection to financing request by bankrupt Philadelphia Energy Solutions
A bank dropped its objection on Tuesday to Philadelphia Energy Solutions Inc's initial bankruptcy requests after the two sides struck an agreement over the terms of new financing.

Reuters Business
Jul 23, 2019

Snap's Android fix, gender-changing lens boost users, shares up 9%
Snap Inc's Snapchat on Tuesday beat analysts' estimates for user growth and revenue, getting a boost from a better version of its Android app and the launch of new augmented reality photo lenses.

Reuters Business
Jul 23, 2019

Chipotle's online shift fuels highest sales growth in two years
Chipotle Mexican Grill Inc's aggressive push into online orders, amped up ads around fresh ingredients and the addition of healthier meals helped the burrito chain post its highest sales growth at established restaurants in over two years.

Reuters Business
Jul 23, 2019

Texas Instruments quarterly beat soothes demand jitters, shares up 6%
Texas Instruments Inc provided some relief that a global slowdown in microchip demand would not be as long as feared, posting quarterly profit and revenue that beat Wall Street estimates on Tuesday.

Reuters Business
Jul 23, 2019

Big Tech faces broad U.S. Justice Department antitrust probe
The U.S. Justice Department said on Tuesday it was opening a broad investigation of major digital technology firms into whether they engage in anticompetitive practices, the strongest sign the Trump administration is stepping up its scrutiny of Big Tech.

Reuters Business
Jul 23, 2019

Exclusive: Deutsche Bank's problem derivatives cloud recovery - sources
Deutsche Bank AG's turnaround strategy rests in large part on shedding 288 billion euros of unwanted assets. Three bank insiders said it will take years, tying up capital that could have generated income of 500 million euros ($557 million) a year.

Reuters Business
Jul 23, 2019

U.S. Justice Department launches antitrust review of big tech firms
The U.S. Justice Department said on Tuesday it was opening an investigation of major digital tech firms on whether they engage in anticompetitive practices.

Reuters Business
Jul 23, 2019

Earnings and trade optimism push Wall St. toward record high
The S&P 500 and Nasdaq approached record highs on Tuesday, lifted by upbeat quarterly reports from Coca-Cola and United Technologies and on optimism the United States would resolve its trade conflict with China.

Reuters Business
Jul 23, 2019

Texas Instruments beat profit estimates, shares up 6%
Texas Instruments Inc beat Wall Street estimates for quarterly profit and revenue on Tuesday, signaling a relief against the backdrop of a global slowdown in demand for microchips and sending its shares up 6% in extended trading.

Reuters Business
Jul 23, 2019

Stocks rise on trade hopes, sterling slips on Brexit jitters
U.S. stocks added to their gains on Tuesday following news of potential progress in U.S.-China trade negotiations, while the pound fell after Brexit hard-liner Boris Johnson won the leadership of Britain's Conservative Party, clearing the way for him to become prime minister.

Reuters Business
Jul 23, 2019

UPS launches drone business, seeks to certify multiple pilots
United Parcel Service Inc , the world's largest package delivery firm, on Tuesday unveiled its drone delivery subsidiary and said it has applied for the Federal Aviation Administration certifications needed to expand the business.

Reuters Business
Jul 23, 2019

Snap's Android fix, gender-changing lens boost users, shares up 11%
Snap Inc's Snapchat on Tuesday beat analysts' estimates for user growth and revenue, getting a boost from a better version of its Android app and the launch of a new augmented reality photo lenses.

Reuters Business
Jul 23, 2019

Chipotle's online focus delivers same-store sales beat
Chipotle Mexican Grill Inc's focus on online ordering and aggressive spending on advertising paid off as it brought in more customers and helped it beat same-store sales estimates.

Reuters Business
Jul 23, 2019

Trump administration split on renewing Chevron's Venezuela license
The Trump administration is split over whether to renew a license this week for energy company Chevron Corp's operations in Venezuela, with Secretary of State Mike Pompeo supporting a renewal and others opposing it, three sources with knowledge of the matter said on Tuesday.

Reuters Business
Jul 23, 2019

Visa earnings beat on higher customer spending
Visa Inc beat analysts' estimates for quarterly earnings on Tuesday, as a robust economy encouraged customers to spend more and boosted fees for the world's largest payment processor.

Reuters Business
Jul 23, 2019

Warren Buffett's charity lunch postponed after cryptocurrency promoter falls ill
The cryptocurrency entrepreneur Justin Sun postponed his $4.57 million charity lunch with Warren Buffett after falling ill with kidney stones, according to a statement from a foundation he backs.

Reuters Business
Jul 23, 2019

Starbucks to expand delivery with UberEats across U.S. in early 2020
Starbucks Corp said on Tuesday it would expand its partnership with UberEats to deliver food and coffee throughout the United States in early 2020.

Reuters Business
Jul 23, 2019

Chinese bank seeks denial of Philadelphia Energy Solutions bankruptcy plan
A Chinese bank asked a federal judge on Tuesday to deny Philadelphia Energy Solutions' initial bankruptcy requests, arguing it should get priority over any insurance payouts after a June fire destroyed a section of the PES refinery.

Reuters Business
Jul 23, 2019

Facebook to create privacy panel, pay $5 billion to U.S. to settle allegations
The Federal Trade Commission is set to announce on Wednesday that Facebook Inc has agreed to a sweeping settlement of significant allegations it mishandled user privacy and pay $5 billion, two people briefed on the matter said.

Reuters Business
Jul 23, 2019

Oil rises near $64/bbl on second downed Iranian drone
Oil rose to almost $64 on Tuesday, jumping late in the session after the head of U.S. Central Command said the United States may have taken down a second Iranian drone over the Strait of Hormuz last week.

Reuters Business
Jul 23, 2019

White House's Kudlow hopeful on U.S.-China trade talks, agriculture buys
White House economic adviser Larry Kudlow on Tuesday said it was a good sign top U.S. officials would travel to China for in-person talks about reviving stalled trade talks, and said he expected Beijing to start buying U.S. agriculture products soon.

Reuters Business
Jul 23, 2019

Wall Street approaches record high on earnings optimism
The S&P 500 and Nasdaq approached record highs on Tuesday, lifted by upbeat quarterly reports from Coca-Cola and United Technologies, while a debt ceiling and budget deal between President Donald Trump and Congress also buoyed sentiment.

Reuters Business
Jul 23, 2019

Lockheed to move F-35 jet parts sourcing to U.S. from Turkey
Lockheed Martin Corp said on Tuesday it was working to establish alternate supply sources for F-35 parts in the United States after the Pentagon decided last week to remove Turkey from the fighter jet program.

Reuters Business
Jul 23, 2019

Oil flat, Brent around $63/bbl as demand concerns weigh
Oil prices were largely flat around $63 a barrel on Tuesday as expectations of lower U.S. crude supplies were offset by weaker demand forecasts and the full restart of Libya's largest oil field.

Reuters Business
Jul 23, 2019

Colombia orders Uber to improve data security after 2016 breach
Colombia has given ride-hailing app Uber Technologies Inc four months to improve its data security, the commerce regulator said on Tuesday, after a 2016 data breach affected more than 260,000 of the South American country's residents.

Reuters Business
Jul 23, 2019

Stocks rise on upbeat earnings, sterling drops on Brexit prospects
A host of strong earnings boosted U.S. stocks on Tuesday and world stocks edged higher in anticipation of central bank easing, while sterling fell after Brexit hardliner Boris Johnson won the leadership of Britain's Conservative Party, clearing the way for him to become prime minister.

Reuters Business
Jul 23, 2019

Bed Bath & Beyond cuts 7% of corporate staff, including COO
Furnishing retailer Bed Bath & Beyond Inc said on Tuesday its chief operating officer was departing as part of a 7% cut in its corporate staff, following a review of office costs.

Reuters Business
Jul 23, 2019

U.S. home sales tumble as prices surge to record high
U.S home sales fell more than expected in June as a persistent shortage of properties pushed prices to a record high, indicating the housing market was struggling to regain speed since hitting a soft patch last year.

Reuters Business
Jul 23, 2019

Upbeat earnings from Coca-Cola, United Tech lift Wall Street
U.S. stocks rose on Tuesday, boosted by upbeat earnings and forecasts from Coca-Cola and United Technologies, while a two-year debt ceiling and budget deal between President Donald Trump and Congress buoyed sentiment.

Reuters Business
Jul 23, 2019

U.S. will deal with Huawei waiver applications within weeks: Ross
The Trump administration plans to handle applications from tech companies seeking waivers over Huawei Technologies Co Ltd's blacklisting within the next few weeks, U.S. Commerce Secretary Wilbur Ross told Bloomberg Television on Tuesday.

Reuters Business
Jul 23, 2019

Sales to emerging markets a bright spot for Harley Davidson
Harley-Davidson Inc on Tuesday reported stronger sales in China and other Asian markets and said U.S. sales should improve in the second half of the year, positive news that offset a cut to its full-year motorcycle forecast and sent shares up 4.5 percent.

Reuters Business
Jul 23, 2019

Oil slips, Brent around $63/bbl as Iran concerns fade
Oil edged down, with Brent at around $63 a barrel on Tuesday under pressure from weaker global demand forecasts and the full restart of Libya's largest oil field despite continuing supply worries stemming from Iran's capture of a British oil tanker.

Reuters Business
Jul 23, 2019

Wall St. boosted by upbeat earnings
U.S. stocks rose on Tuesday, boosted by upbeat earnings and forecasts from Coca-Cola and United Technologies, while a two-year debt ceiling and budget deal between President Donald Trump and Congress buoyed sentiment.

Reuters Business
Jul 23, 2019

United Tech profit beats on aircraft parts demand after MAX grounding
United Technologies on Tuesday raised its full-year sales and profit forecasts, aided by an increase in demand for its aircraft maintenance parts and services as airlines grapple with overworked planes due to the grounding of Boeing's MAX jets.

Reuters Business
Jul 23, 2019

Lockheed looking to shift sourcing F-35 parts to U.S. from Turkey: CEO
Lockheed Martin Corp said on Tuesday it has been working to establish alternate supply sources for F-35 parts in the United States after the Pentagon decided last week https://reut.rs/2y5bKbX to remove Turkey from the fighter jet program.

Reuters Business
Jul 23, 2019

Multiple sclerosis drug helps Biogen beat Wall St. profit expectations
Biogen Inc reported better-than-expected second quarter profit and raised its 2019 earnings forecast on Tuesday, driven by higher sales of its top-selling multiple sclerosis drug Tecfidera and lower taxes.

Reuters Business
Jul 23, 2019

Stocks rise on earnings; sterling falls
A host of upbeat earnings pushed U.S. stocks higher on Tuesday and world stocks rose in anticipation of central bank easing, while pound sterling fell on the expected confirmation of hard-Brexit advocate Boris Johnson as Britain's next prime minister.

Reuters Business
Jul 23, 2019

U.S. home sales tumble as prices race to record high
U.S home sales fell more than expected in June as a persistent shortage of properties pushed prices to a record high, suggesting the housing market was struggling to regain speed since hitting a soft patch last year.

Reuters Business
Jul 23, 2019

EU has 35 billion-euro list if U.S. hits its cars, trade chief says
The European Union will retaliate with extra duties on 35 billion euros ($39.1 billion) worth of U.S. goods if Washington imposes punitive tariffs on EU cars, the bloc's trade chief said on Tuesday.

Reuters Business
Jul 23, 2019

Coca-Cola's coffee and zero sugar soda mix lifts 2019 goals, shares
Coca-Cola Co beat second-quarter earnings expectations and raised its organic revenue forecast for the full year thanks to higher sales of its zero-sugar sodas, soft drinks with new flavors and ready-to-drink coffees.

Reuters Business
Jul 23, 2019

Toymaker Hasbro profit draws power from 'Avengers', 'Magic' card game
Hasbro Inc on Tuesday beat Wall Street estimates for quarterly profit, powered by higher demand for action toys of blockbuster "Avengers: Endgame" and collectible card game Magic: The Gathering, sending its shares to a record high.

Reuters Business
Jul 23, 2019

Wall Street gains on robust Coca-Cola, United Tech earnings
U.S. stocks rose on Tuesday boosted by better-than-expected earnings and forecast raises from blue-chip companies including Coca-Cola and United Technologies, soothing concerns over the pace of economic growth.

Reuters Business
Jul 23, 2019

French carmaker Peugeot to seek European company legal status
French carmaker Peugeot said it would be looking to take up the formal legal status of being a European company, which it said would better reflect the business and the integration of the Opel/Vauxhall businesses.

Reuters Business
Jul 23, 2019

EU has 35 billion euro list ready if U.S. hits EU cars: EU trade chief
The European Union would retaliate with extra duties on 35 billion euros ($39.1 billion) worth of U.S. goods if Washington went ahead with tariffs on EU cars, the bloc's trade chief said on Tuesday.

Reuters Business
Jul 23, 2019

Wall Street opens higher on strong Coca-Cola, United Tech earnings
U.S. stocks opened higher on Tuesday, lifted by upbeat earnings from blue-chip companies including Coca-Cola and United Technologies, that soothed concerns over the pace of economic growth.

Reuters Business
Jul 23, 2019

Carmakers race higher, Johnson jitters for sterling
A speeding autos sector and hopes for even lower borrowing costs buoyed world stocks on Tuesday, while a brief sterling rally proved short-lived as hard-Brexit advocate Boris Johnson was confirmed as Britain's new prime minister.

Reuters Business
Jul 23, 2019

U.S. tech cos asking White House to speed up Huawei exemptions process: Kudlow
U.S. telecommunications companies are pushing the Trump administration to move quickly on applications seeking exemptions to Huawei's blacklisting, White House economic adviser Larry Kudlow said in a Fox News interview on Tuesday.

Reuters Business
Jul 23, 2019

Harley-Davidson cuts 2019 shipments forecast after sales slump
Harley-Davidson Inc on Tuesday trimmed the forecast for shipments of its motorcycles in 2019 after worldwide sales in the second quarter slumped, hurt by higher tariff costs as well as weak demand in the United States.

Reuters Business
Jul 23, 2019

Hasbro says additional tariffs may lead to higher product prices
Toymaker Hasbro Inc said on Tuesday it would raise product prices if the United States imposes additional tariffs on Chinese imports.

Reuters Business
Jul 23, 2019

United Tech profit beats on higher demand for aircraft parts
United Technologies Corp reported better-than-expected quarterly earnings and raised its full-year sales and profit forecasts on Tuesday, driven by an increase in demand for aircraft parts and spares.

Reuters Business
Jul 23, 2019

UTC sees extra $150 million sales boost from Collins deal
United Technologies Corp expects its acquisition of aero parts maker Rockwell Collins to add an extra $150 million to full-year sales in 2019 and 15 cents per share to its profit, Chief Financial Officer Akhil Johri has told Reuters.

Reuters Business
Jul 23, 2019

Oil slips to around $63 as Iran concerns fade for now
Oil slipped to around $63 a barrel on Tuesday as concerns faded for now that rising tensions in the Middle East would escalate and hit oil supplies, compounding the impact of a weaker demand outlook.

Reuters Business
Jul 23, 2019

Biogen beats estimates on multiple sclerosis therapy sales
Drugmaker Biogen Inc beat analysts' estimates for quarterly profit and lifted its 2019 earnings forecast on Tuesday, driven by higher sales of its top-selling multiple sclerosis therapy Tecfidera.

Reuters Business
Jul 23, 2019

Lockheed beats quarterly profit estimates, raises 2019 forecast
Lockheed Martin Corp on Tuesday reported a better-than-expected quarterly profit and raised its 2019 profit forecast for the second time in three months, helped by increased demand for its stealth F-35 combat jets and missiles.

Reuters Business
Jul 23, 2019

Coca-Cola raises 2019 forecast on coffee, zero sugar soda boost
Coca-Cola Co on Tuesday beat analysts' estimate for quarterly profit and raised its organic revenue forecast for the full year, driven by demand for zero sugar soda and innovations, such as the Coca-Cola Plus Coffee.

Reuters Business
Jul 23, 2019

Lockheed Martin profit rises 22% on higher F-35 deliveries
Lockheed Martin Corp reported a 22% rise in quarterly profit on Tuesday and raised its 2019 profit forecast for the second time this year, helped by increased demand for its F-35 combat jets.

Reuters Business
Jul 23, 2019

Harley-Davidson cuts 2019 shipments guidance after sales slump
Harley-Davidson Inc on Tuesday trimmed guidance for shipments of its motorcycles in 2019 after worldwide sales in the second quarter slumped, hurt by higher tariff costs as well as weak demand in the United States.

Reuters Business
Jul 23, 2019

Alibaba welcomes U.S. small businesses to sell globally on its platform
Chinese e-commerce giant Alibaba Group Holdings Ltd will now allow small businesses in the United States to sell on Alibaba.com, the company said on Tuesday, an effort to tap into the business-to-business e-commerce market and fend off fierce competition from rivals like Amazon.com Inc .

Reuters Business
Jul 23, 2019

Futures rise after better-than-expected earnings
U.S. stock index futures inched higher on Tuesday lifted by a batch of largely upbeat earnings reports from companies including Coca-Cola and United Technologies, that soothed concerns over the pace of economic growth.

Reuters Business
Jul 23, 2019

Huawei first-half revenue up about 30% despite U.S. ban: Bloomberg
Huawei Technologies Co Ltd's revenue grew roughly 30% in the first half after select teams secured critical supplies to keep production going despite U.S. technology export restrictions, Bloomberg reported on Tuesday, citing people familiar with the matter.

Reuters Business
Jul 23, 2019

Oil slips to around $63 as Iran concerns fades for now
Oil slipped to around $63 a barrel on Tuesday as concerns faded for now that rising tensions in the Middle East would escalate and hit oil supplies, compounding the impact of a weaker demand outlook.

Reuters Business
Jul 23, 2019

Biogen profit rises 72% on multiple sclerosis therapy sales
Biogen Inc posted a 72% rise in quarterly profit and lifted its 2019 earnings forecast on Tuesday, boosted by higher sales of its top-selling multiple sclerosis therapy Tecfidera.

Reuters Business
Jul 23, 2019

Hasbro results beat on higher demand for 'Avengers: Endgame' toys
Toymaker Hasbro Inc beat estimates for quarterly results on Tuesday, boosted by higher demand for action toys following the success of "Avengers: Endgame" and Magic: The Gathering collectible card game.

Reuters Business
Jul 23, 2019

LG Display aims to diversify suppliers due to South Korea-Japan spat
LG Display Co Ltd on Tuesday said it is looking to diversify its supplier base in case a diplomatic spat sees Japan extend export curbs on display-making materials bound for South Korea.

Reuters Business
Jul 23, 2019

Carmakers drive Europe higher, Johnson batters sterling
A wave of central bank easing and positive soundings from the earnings season buoyed world stocks on Tuesday, while Britain's pound fell before the expected confirmation of hard-Brexit advocate Boris Johnson as the country's prime minister.

Reuters Business
Jul 23, 2019

Oil edges further above $63 on Mideast tensions
Oil edged further above $63 a barrel on Tuesday, supported by rising tensions in the Middle East after Iran's seizure of a British tanker last week, although signs of faltering demand capped gains.

Reuters Business
Jul 23, 2019

Top investors lose $1 billion as China's Nasdaq-style board reverses on day two
The biggest shareholders in China's new Nasdaq-style STAR Market lost a combined $1 billion in the second day of trade on Tuesday, a day after the board's roaring debut created three new billionaires.

Reuters Business
Jul 23, 2019

LG Display says to diversify suppliers due to South Korea-Japan spat
South Korea's LG Display Co Ltd said it is looking to diversify its supplier base as it prepares for expanded trading curbs from Japan on some display-making materials which threaten to impact the broader tech industry.

Reuters Business
Jul 23, 2019

Diversity helps UBS defy banking gloom with profit rise
UBS delivered its best second-quarter results in nearly a decade on Tuesday, as strength in Swiss retail and corporate banking helped to offset weakness in wealth management.

Reuters Business
Jul 23, 2019

China's BAIC buys 5% Daimler stake to cement alliance
China's Beijing Automotive Group Co Ltd (BAIC) has bought a 5% stake in Daimler , cementing its relationship with the German carmaker after China's Zhejiang Geely Holding emerged as a potential rival.

Reuters Business
Jul 23, 2019

Huawei head says group can sign 'no backdoor' deal with any country: Italy paper
Huawei Technologies, the Chinese technology and telecoms group under pressure from the United States, is ready to sign a "no backdoor" agreement with any country, its founder told an Italian newspaper on Tuesday.

Reuters Business
Jul 23, 2019

ECB, Fed rate cut hopes lift global stocks, sterling sags
Expectations that the European Central Bank and Federal Reserve will cut interest rates boosted stocks globally, while the pound sagged on worries that likely new prime minister Boris Johnson would lead Britain into a no-deal exit from the European Union.

Reuters Business
Jul 23, 2019

South Korea's LG Display posts deeper second quarter loss on TV panel supply glut
South Korea's LG Display Co Ltd on Tuesday posted a deeper second-quarter operating loss that missed analyst estimates, as a global supply glut pushed down prices of screens for television sets.

Reuters Business
Jul 23, 2019

Oil rises on Mideast tensions, glum demand outlook caps gains
Oil prices edged up on Tuesday on concerns about possible supply disruptions in the Middle East, but a weaker demand outlook kept a lid on gains, helped by a vow by the International Energy Agency (IEA) to keep global markets adequately supplied.

Reuters Business
Jul 23, 2019

China's BAIC buys 5% Daimler stake; Daimler welcomes investment
Beijing Automotive Group Co Ltd said on Tuesday that it had purchased a 5% stake in German luxury carmaker Daimler .

Reuters Business
Jul 23, 2019

Warren Buffett's charity lunch with cryptocurrency entrepreneur postponed
Cryptocurrency entrepreneur Justin Sun has postponed his $4.57 million charity lunch with Warren Buffett due to ill health, according to a tweet from Sun's TRON Foundation.

Reuters Business
Jul 23, 2019

ECB, Fed rate cut hopes lift stocks, sterling sags
Expectations that the European Central Bank and Federal Reserve will cut interest rates boosted stocks globally, while the pound sagged on worries that likely new prime minister Boris Johnson would lead Britain into a no-deal exit from the European Union.

Reuters Business
Jul 23, 2019

Power traders tackle renewables puzzle in Danish 'Silicon Valley'
Far from the sprawling financial hubs of London or Frankfurt, high-tech traders in the Danish university city of Aarhus are driving rapid change in European power markets, easing the shift to renewables with technology that also carries some risks.

Reuters Business
Jul 23, 2019

Oil creeps up as MidEast tensions flare, but gains capped by glum demand outlook
Oil prices edged higher on Tuesday amid lingering concerns about possible supply disruptions in the Middle East, but an overall weaker demand outlook kept a lid on gains, helped by a vow by the International Energy Agency (IEA) to take swift action to keep global oil markets adequately supplied.

Reuters Business
Jul 23, 2019

UBS posts surprise second quarter profit boost
UBS on Tuesday beat forecasts with a $1.4 billion net profit for its second quarter of 2019, as gains in its advisory business softened an investment banking fall and boosted its Swiss retail and corporate banking business.

Reuters Business
Jul 23, 2019

Oil inches up amid Middle East tensions; frail demand outlook caps gains
Oil prices edged higher on Tuesday amid lingering concerns about possible supply disruptions in the Middle East, but an overall weaker demand outlook kept a lid on gains, helped by a vow by the International Energy Agency (IEA) to take swift action to keep global oil markets adequately supplied.

Reuters Business
Jul 22, 2019

Hopes of ECB, Fed rate cuts boost global stocks, British pound sags
Expectations that the European Central Bank and Federal Reserve will cut interest rates boosted stocks globally, while the pound sagged on worries that likely new prime minister Boris Johnson would lead Britain into a no-deal exit from the European Union.

Reuters Business
Jul 22, 2019

Huawei's U.S. research arm slashes jobs as trade ban bites
China's Huawei Technologies laid off more than two-thirds of the 850-strong workforce at its Futurewei Technologies research arm in the United States, after being blacklisted by the government.

Reuters Business
Jul 22, 2019

Oil prices ease as traders weigh Middle East tensions, demand
Oil prices inched lower on Tuesday as the International Energy Agency (IEA) said it would act quickly if needed to keep the market supplied amid tensions in the Middle East and traders eyed a weaker demand outlook.

Reuters Business
Jul 22, 2019

U.S. farmers look past trade fears to cash in on China's hog crisis
It might seem an unlikely time for U.S. farmers to look to China for more business but the devastating impact of African swine fever on the Chinese pork industry is trumping concerns about trade wars and tariffs.

Reuters Business
Jul 22, 2019

Huawei's U.S. research arm slashes more than 70% of workforce
China's Huawei Technologies Co Ltd said it is slashing more than 600 jobs at its Futurewei Technologies research arm in the United States after being placed on a trade blacklist by the U.S. government.

Reuters Business
Jul 22, 2019

Easing hopes prop up global stocks, pound sags as Britain eyes new PM
Expectations of policy easing by major central banks such as the Federal Reserve propped up global stocks on Tuesday, while the pound sagged as Britain braced for a new prime minister who could pave the way for a no-deal exit from the European Union.

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