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US Business

Domino's same-store sales at owned U.S. outlets miss estimates

13h35 Domino's Pizza Inc reported a lower-than-expected increase in same-store sales at company owned U.S. stores on Thursday, sending its shares down 6 percent in premarket trade.. . .  Full story

China boosts liquidity, set for more policy easing as trade war threatens economy

13h26 Chinese policymakers are pumping more liquidity into the financial system and channelling credit to small and medium-sized firms, and Beijing looks set to further loosen monetary conditions to mitigate threats to growth from a heated. . .  Full story

Insurer Travelers misses profit estimates on storm losses

13h21 Insurer Travelers Cos Inc reported a lower-than-expected quarterly profit on Thursday, hit by catastrophe losses stemming from wind and hail storms in several regions of the United States.. . .  Full story

Soybeans ease after 3-day rally as dollar strengthens

13h12 Chicago soybean futures eased slightly on Thursday amid a strengthening dollar as the market stepped back from the previous session's near one-week top, though demand for U.S. beans kept a floor under the market.. . .  Full story

BNY Mellon profit beats on higher fee revenue, lower taxes

13h07 Bank of New York Mellon Corp, the world's largest custodian bank, reported a better-than-expected quarterly profit on Thursday, helped by higher fee revenue and lower income tax provision.. . .  Full story

EXCLUSIVE-General Electric's power unit faces threat in Saudi Arabia

13h00 One of General Electric Co's largest and most valuable customers, Saudi Arabia, is lining up competitors to bid against GE for lucrative power plant work, according to five people familiar with the situation.. . .  Full story

Trump thanks Novartis, Pfizer for not raising drug prices

12h50 U.S. President Donald Trump thanked two major drug companies on Thursday for not raising their prices and said his administration was working toward substantially cutting prescription-drug prices.. . .  Full story

Audi CEO Stadler presses for release from German custody

12h42 Audi's suspended Chief Executive Rupert Stadler has appealed to a court to be released from custody after spending the past month in jail, the Munich prosecutor's office said on Thursday.. . .  Full story

Gold slips to 1-year low as U.S. dollar firms

12h06 Gold prices sank to a fresh one-year low on Thursday as the dollar powered higher following comments from U.S. Federal Reserve chairman Jerome Powell which reaffirmed expectations for more interest rate rises in the world's. . .  Full story

EU is making retaliation list for possible U.S. car tariffs - Malmstrom

11h27 The European Union is preparing a list of counter-measures to potential U.S. tariffs on European cars, European Trade Commissioner Cecilia Malmstrom said on Thursday, adding she hoped an EU visit to Washington could help. . .  Full story

Japan exports to U.S. fall, business mood sours amid fears of trade war

11h25 Japan's exports to the United States fell for the first time in 17 months and Japanese business sentiment soured amid worries about U.S. President Donald Trump's protectionist trade policies.. . .  Full story

REC Silicon posts Q2 loss on China-US solar trade war

11h16 Norway's REC Silicon, a supplier to the solar industry, has been hurt by an escalating trade dispute between the United States and China, the world's two top solar markets, reporting a second-quarter loss. . .  Full story

Japan's last imports of Iranian oil could be in Oct -industry body

09h51 Japanese oil refiners will likely stop loading Iranian crude by mid-September with final shipments arriving in the first half of October, the head of the nation's oil refiners association said on Thursday, as the. . .  Full story

G20 industry groups press governments to defend free trade

09h00 A self-styled "Global Business Coalition" of industry groups has urged the Group of 20 leading economies to counter threats to global free trade.. . .  Full story

U.S. LNG exports to China decline as trade war escalates

07h00 As the trade war between China and the United States escalates, fewer vessels carrying U.S. liquefied natural gas have gone to China over the past two months.. . .  Full story

Big crude oil margins should boost U.S. refiner earnings

07h00 U.S. refiners ran full-tilt in the second quarter, fueled by cheap domestic crude and fat margins that should boost earnings, though their heavy activity could eventually saturate the market with gasoline, sapping profits down the. . .  Full story

Gold prices ease, close to 1-year low as dollar firms

06h31 Gold prices eased on Thursday, nearing a one-year low hit in the previous session, as the U.S. dollar firmed on the potential for further U.S. interest rate hikes. Spot gold. . .  Full story

Japan exports to U.S. fall for first time in 17 months amid protectionism fears

04h18 Japan's exports to the United States fell in June for the first time in 17 months amid worries about U.S. President Donald Trump's protectionist trade policies. Exports to the. . .  Full story

Billionaire James Packer quits 22 boards, deepens corporate withdrawal

04h03 Billionaire James Packer has resigned 22 Australian company directorships in the last few weeks and no longer holds any board seat in his home country, corporate records show, signalling his almost full retreat from public. . .  Full story

Trump says EU officials want to negotiate trade deal in Washington visit

03h51 U.S. President Donald Trump said on Wednesday that European leaders were coming to Washington next week to try to hammer out a deal focused largely on car tariffs, while his top economic adviser accused. . .  Full story

ADB maintains 2018, 2019 GDP growth forecasts for developing Asia

03h30 The Asian Development Bank said developing Asia is on track to meet growth expectations for this year and 2019, but warned that rising U.S. protectionist trade measures and countermeasures from China and others pose. . .  Full story

CITGO says CEO's U.S. visa has been revoked

01h53 Citgo Petroleum Corp, the U.S. subsidiary of Venezuelan state-run oil company PDVSA , said on Wednesday that the United States had revoked the visa of its president and chief executive Asdrubal Chavez, cousin of Venezuela's. . .  Full story

Trade-war concerns cloud New York City investment conference

01h26 A prolonged U.S. trade war with China and Europe would dent global economic growth and force investors to reassess the profitability of U.S. companies, some of the biggest hedge funds and private equity investors. . .  Full story

Alcoa cuts adjusted EBITDA forecast citing tariffs, shares slide

01h11 Aluminum producer Alcoa Corp lowered its forecast for adjusted earnings before interest, tax, depreciation and amortization (EBITDA) for 2018 on Wednesday, citing U.S. tariffs on imported aluminum and rising energy costs.. . .  Full story

EBay revenue misses as weak U.S. sporting season hits StubHub

00h43 EBay Inc missed analysts' estimates for second-quarter revenue on Wednesday, as its online ticket marketplace StubHub had a disappointing quarter, leading the e-commerce website to forecast underwhelming third-quarter results.. . .  Full story

Detour Gold asks OSC to investigate investor Paulson & Co

00h12 Detour Gold said on Wednesday it had asked the Ontario Securities Commission (OSC) to investigate activist investor Paulson and Co's campaign seeking change at the company, calling it "concerning and unlawful behavior.". . .  Full story

U.S. Senate, after Helsinki, eyes swift sanctions in case of more election meddling

18/07 Sanctions targeting key Russian economic sectors would kick in swiftly if U.S. authorities determined the Kremlin had meddled again in a U.S. election, under a bill gaining momentum in the Senate on Wednesday.. . .  Full story

U.S. tariffs could raise auto prices by $83 bln -trade group

18/07 A group representing major automakers will tell the U.S. Commerce Department on Thursday that imposing tariffs of 25 percent on imported cars and parts would raise the price of U.S. vehicles by $83 billion. . .  Full story

S&P 500 climbs to over 5-month high on strong earnings

18/07 The S&P 500 rose to its highest in more than five months and the Dow climbed for a fifth session on Wednesday as solid earnings boosted financial and industrial stocks and reinforced expectations for. . .  Full story

U.S. tariffs may raise cost of insurance, parts, drive up auto thefts

18/07 A threat by the U.S. government to impose tariffs of up to 25 percent on imported auto parts could hit consumers in unexpected ways: higher repair costs, insurance premiums and even the theft of. . .  Full story

Fed walks careful line on trade, but downside risks emerging

18/07 Federal Reserve Chairman Jerome Powell's official line on U.S. trade policy is one of careful deference to the Trump administration, acknowledging it is outside the Fed's responsibility and that it might all turn out for. . .  Full story

AmEx rewards program costs cloud strong quarterly results

18/07 American Express Co reported a steep rise in quarterly expenses as the credit card issuer spent more to fund its rewards program, overshadowing its profit beat and sending its shares down 3.5 percent in. . .  Full story

Tariffs remain top worry in Federal Reserve's 'Beige Book' business survey

18/07 Tariffs featured heavily in the Federal Reserve's latest "Beige Book," a summary of the state of U.S. business across the central bank's 12 regional districts, with respondents describing the trade spat as creating effects. . .  Full story

Europe hits Google with record $5 bln antitrust fine, appeal ahead

18/07 European antitrust regulators fined Google a record 4.34 billion euro ($5 billion) on Wednesday and ordered it to stop using its popular Android mobile operating system to block rivals, a ruling which the U.S. tech. . .  Full story

Markets set one-week highs on export demand hopes, weather woes

18/07 U.S. grain and soybean futures touched their highest prices in about a week on Wednesday, as agricultural markets stabilized following recent drops to contract lows. Hopes for increased U.S. commodity export. . .  Full story

Largest oil shipment sent from Vancouver to China since 2015

18/07 An Aframax tanker is scheduled to deliver the largest shipment of crude oil from Vancouver to China since January 2015 later this month, Thomson Reuters trade flow data show.. . .  Full story

CP Rail beats profit estimates on higher shipments

18/07 Canadian Pacific Railway Ltd reported a higher-than-expected quarterly profit on Wednesday as Canada's no.2 railroad operator was helped by higher shipments of commodities like grains and potash.. . .  Full story