Tuesday 31 July 2018

Equities inch higher on U.S.-China talks report

Reuters.com Newsletter

Equities inch higher on U.S.-China talks report

Global stock markets inched up on Tuesday helped partly by a report that the United States and China were seeking to resume talks to defuse the battle over import tariffs, while the U.S. dollar rose against the yen after the Bank of Japan said it intends to keep interest rates low.

Devon reports quarterly loss compared with year-ago profit

U.S. oil producer Devon Energy Corp reported a quarterly loss compared with year-ago profit on Tuesday, hurt by higher expenses and a strong dollar.

Chipotle slumps 9 percent after Ohio outlet linked to food poisoning complaints

More than 100 people said they had fallen sick after eating at a Chipotle Mexican Grill Inc restaurant in Ohio, sending shares of the burrito chain down as much as 9 percent on Tuesday.

DoubleLine's Gundlach: Short-maturity U.S. Treasuries look attractive

Jeffrey Gundlach, chief executive of DoubleLine Capital, said on Tuesday that short-maturity U.S. Treasuries "look as good" relative to stocks and long-maturing bonds than they have in a long time.

Wall St. rebounds, led by industrials; S&P has best month since January

U.S. stocks rebounded on Tuesday, led by gains in industrial shares following reports of renewed trade negotiations between the United States and China.

Mexico president-elect Lopez Obrador sees NAFTA deal soon

Mexican presidential winner Andres Manuel Lopez Obrador said on Tuesday that he expected there would be an agreement in the renegotiation of the North American Free Trade Agreement (NAFTA) in the coming days.

Einhorn's Greenlight is trying to end fund losses: letter

Billionaire investor David Einhorn, whose Greenlight Capital lost 18.3 percent in the first six months of the year, told clients on Tuesday he has been trying to repair the damage.

L.A. prosecutors decline to pursue sex abuse charges against CBS CEO Moonves

Los Angeles prosecutors said on Tuesday that they had declined to pursue three accusations of sexual abuse against CBS Corp Chief Executive Les Moonves dating back to the 1980s because the statute of limitations had expired.

MGM Resorts signs sports betting agreement with NBA

MGM Resorts International said on Tuesday it signed an agreement with the NBA to become the basketball league's first sports betting partner.

China will strive to hit growth target despite trade tensions with U.S.

China will keep its economic growth within a reasonable range and achieve this year's target despite challenges, the state-run Xinhua news agency said on Tuesday as a trade war with the United States intensifies.

Cummins to recall 500,000 U.S. trucks over faulty emissions part

Cummins Inc has agreed to recall about 500,000 medium- and heavy-duty trucks in the United States to correct a faulty emissions control system in the engines it made for the trucks, the U.S. Environmental Protection Agency said on Tuesday.

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