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US Business

U.S. stock futures hit 5-month high

13/07 U.S. stock futures rose to a five-month high on Friday, extending their recent rally on expectations of solid earnings growth among U.S. firms despite threats from trade wars.  Full story

Soybeans firm 1 percent to hit five-day high on USDA condition report

03h24 U.S. soybeans rose 1 percent on Tuesday to hit a five-day high as the U.S. Department of Agriculture said the condition of the crop was behind market expectations.. . .  Full story

Gold prices flat as dollar steady ahead of Fed speech

02h57 Gold prices were steady early on Tuesday as the U.S. dollar remained largely unchanged ahead of the U.S. Federal Reserve Chairman Jerome Powell's first congressional testimony.. . .  Full story

U.S. lawmakers slam Trump as 'weak' in Russia summit; some push new sanctions

01h43 Leading U.S. lawmakers, including numerous Republicans, criticized President Donald Trump on Monday for failing to confront Russian President Vladimir Putin over Moscow's meddling in the 2016 U.S. election as the two heads of nuclear powers. . .  Full story

Netflix shares tank after big miss on subscriber growth

01h34 Netflix Inc's subscriber growth fell short of Wall Street expectations on Monday, sending shares of the normally high-flying stock down 14 percent on fears that the company's rapid expansion is slowing.. . .  Full story

Canadian miner Lundin plans to buy Nevsun Resources for C$1.4 bln

00h27 Canada's Lundin Mining Corp said on Monday it plans to make an offer to buy base metals company Nevsun Resources Ltd for about C$1.4 billion ($1.07 billion), its second proposal in three months.. . .  Full story

S&P 500 dips as energy shares fall; Netflix tumbles late after results

16/07 The S&P 500 ended slightly lower on Monday following a drop in oil prices that weighed on energy shares and offset a jump in financials as Bank of America's results reinforced expectations of a. . .  Full story

Amazon suffers glitch during summer marketing event

16/07 Inc on Monday said it was working to fix a technical issue that had prevented some shoppers from placing orders during the company's summer marketing event, Prime Day.. . .  Full story

Venezuela pleads guilty in U.S. to role in PDVSA bribe scheme

16/07 A former official at a Venezuelan state-run electric company pleaded guilty on Monday to U.S. charges that he participated in a scheme to solicit bribes in exchange for helping vendors win favorable treatment from. . .  Full story

Mnuchin says U.S. to consider waivers on Iran sanctions

16/07 The United States in certain cases will consider waivers for countries that need more time to wind down imports of oil from Iran as it seeks to avoid disrupting global oil markets while reimposing. . .  Full story

Warren Buffett donates $3.4 bln to Gates' and family charities

16/07 Warren Buffett has donated roughly $3.4 billion of Berkshire Hathaway Inc stock to five charities, the billionaire's largest contribution in his longstanding plan to give away his fortune.. . .  Full story

Netflix shares tank after subscriber numbers miss targets

16/07 Netflix Inc's subscriber growth and forecast fell short of Wall Street expectations, sending shares of the normally high-flying stock crashing 14 percent on Monday.. . .  Full story

Soy futures rise from 10-year low set on U.S.-China trade war

16/07 U.S. soybean futures jumped on Monday after dropping to their lowest prices in a decade earlier in the session, as the U.S.-China trade dispute looms over agricultural markets.. . .  Full story

Fed's Kashkari, citing yield curve, wants rate hike pause

16/07 The narrowing gap between yields on long-term and short-term Treasury bonds to little more than the equivalent of one rate hike from the Federal Reserve has helped sour at least one U.S. central banker. . .  Full story

U.S. bond yields climb as retail sales grow in June

16/07 U.S. Treasury yields increased on Monday with the two-year yield hitting a near decade peak as domestic retail sales recorded growth for a fifth straight month in June, supporting the view of solid economic. . .  Full story

Uber being probed for gender discrimination -source

16/07 Uber Technologies Inc is under investigation by the U.S. Equal Employment Opportunity Commission for alleged gender discrimination on issues such as pay, according to a source familiar with the matter.. . .  Full story

-BofA profit beats on consumer loan growth, lower expenses

16/07 Bank of America Corp reported quarterly profit above analyst expectations on Monday as the second-largest U.S. lender cut expenses and benefited from growth in loans and deposits on the back of a strengthening economy.. . .  Full story

Fed's 'good place' U.S. economy heads for congressional review

16/07 Federal Reserve Chairman Jerome Powell takes his upbeat view of the U.S. economy to Capitol Hill on Tuesday, with markets and many of Powell's colleagues expecting two more interest rate increases this year amid a. . .  Full story

Gold steadies as weak physical demand, higher U.S. rates weigh

16/07 Gold steadied on Monday as weak physical demand in top-consuming regions and the expectation of higher U.S. interest rates weigh, despite the bullion-priced U.S. dollar losing steam. Spot gold. . .  Full story

Strong U.S. retail sales lift second-quarter GDP estimates

16/07 U.S. retail sales rose solidly in June as households boosted purchases of automobiles and a range of other goods, cementing expectations for robust economic growth in the second quarter.. . .  Full story

Europe Gasoline/Naphtha-Cracks soar as crude slumps 4 pct

16/07 Benchmark northwest European gasoline refining margins rose sharply on Monday after crude prices fell by more than 4 percent and trading activity rose.. . .  Full story

RPT-ANALYSIS-U.S. credit market fires warning about recession

16/07 A reliable bond market indicator may be waving the flag that a U.S. recession is coming, market watchers said, and it is not the flattening yield curve.. . .  Full story

BlackRock reports weaker demand for index funds, shares dip

16/07 BlackRock Inc, the world's biggest asset manager, reported smaller demand for its funds on Monday as investors fled risk, overshadowing a better-than-expected quarterly profit, and its shares dipped.. . .  Full story

Several foreign funds eyeing bids for Santander property portfolio - sources

16/07 Several foreign funds, among them Blackstone Group and Cerberus, are considering making bids for toxic real estate assets held by Spain's Banco Santander, two sources with knowledge of the matter said on Monday.. . .  Full story

Wheaton in streaming deal with gold miner Sibanye

16/07 Wheaton Precious Metals Corp , the world's largest silver streaming company, said on Monday it would buy all of the gold assets from Sibanye Gold Limited's Stillwater and East Boulder mines in Wyoming.. . .  Full story

Hong Kong says up to 2.2 pct of exports could be hit by Sino-US trade row

16/07 Hong Kong said on Monday HK$130 billion ($16.56 billion) worth of trade could be affected if the United States imposes extra tariffs on imports from China, accounting for 2.2 percent of the Chinese-ruled city's exports.. . .  Full story

Morgan Stanley Infrastructure bids to take over Germany's VTG

16/07 Morgan Stanley Infrastructure announced a cash takeover offer for rail logistics group VTG on Monday after securing a large stake from German billionaire Klaus Michael Kuehne.. . .  Full story

EU pushes China on trade, saying it could open up if it wanted

16/07 China could open its economy if it wished, European Commission President Jean-Claude Juncker said on Monday, with the European Union calling on countries to avoid a trade war even as pressure mounts on Beijing. . .  Full story

FANG surge leads stock market recovery, putting Netflix in spotlight

16/07 The FANGs have gotten their bite back, and they are helping Wall Street erase the wrenching correction that beset it in February. Facebook,, Netflix and Google's parent Alphabet have led. . .  Full story

Rebates protect Canada's auto industry from retaliatory tariffs

16/07 Canadian government customs provisions are expected to soften the blow on the country's powerful automotive industry from retaliatory tariffs on U.S. steel, according to trade lawyers and industry leaders bracing for higher costs.. . .  Full story

China to hit more sugar imports with extra tariffs from Aug 1

16/07 China will levy extra tariffs on out-of-quota sugar imports from all origins starting from Aug. 1, the Commerce Ministry said on Monday, just over a year after introducing hefty penalties on top growers including Brazil. . .  Full story

U.S. Republicans target elections with more deficit-boosting tax cuts

16/07 As November's U.S. elections approach, Republicans in the House of Representatives and the Trump administration are planning another deficit-financed tax-cut plan, but one widely seen as a vote-getting exercise with little chance of becoming. . .  Full story

Hong Kong's bourse brushes off Chinese snub over dual-class shares

16/07 Hong Kong's exchange described as "temporary" a dispute with its Shanghai and Shenzhen counterparts over plans to bar investor access to dual-class shares, as shares in smartphone maker Xiaomi Corp recovered from the depths of. . .  Full story

Power to the drones: utilities place bets on robots

16/07 Flying robots that can travel dozens of kilometres without stopping could be the next big thing for power companies.. . .  Full story

China files complaint to WTO against U.S. proposed tariff on Chinese goods

16/07 China's commerce ministry said on Monday it had filed a complaint to the World Trade Organization (WTO) regarding Washington's proposed tariff list on $200 billion worth of Chinese goods on July 16.. . .  Full story

Goldman to formally name David Solomon next CEO early this week - NYT

16/07 Goldman Sachs Group Inc is expected to name its president, David Solomon, its next chief executive officer early this week, the New York Times reported on Sunday.. . .  Full story