Bhinneka News Online: Reuters Business Today: April 18, 2017

Tuesday, 18 April 2017

Reuters Business Today: April 18, 2017

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Tuesday, April 18, 2017

Futures dip as investors weigh tax cut delays, earnings

(Reuters) - U.S. stock index futures were lower on Tuesday as investors weighed a possible delay in tax reforms, while keeping an eye on quarterly earnings and global politics.

Goldman Sachs profit misses estimates on trading weakness

(Reuters) - Goldman Sachs Group Inc reported a lower-than-expected quarterly profit as gains in investment banking were offset by weak trading revenue.

U.S. housing starts fall in March, permits rise

WASHINGTON (Reuters) - U.S. homebuilding fell in March as the construction of single-family homes in the Midwest recorded its biggest decline in three years, likely reflecting bad weather.

U.S. business group urges Washington to 'use every arrow' against China

BEIJING (Reuters) - The United States should "use every arrow" in its quiver to ensure a level commercial playing field in China, a U.S. business lobby said on Tuesday, warning that 2017 could be the toughest year in decades for American firms in the country.

BofA's profit boosted by surge in trading, investment banking

(Reuters) - Bank of America reported a higher-than-expected jump in quarterly profit as bond trading surged and the lender earned more from advising on debt and equity offerings and deals.

J&J misses sales estimates; lifts forecast to reflect Actelion buy

(Reuters) - Johnson & Johnson reported on Tuesday quarterly revenue that missed estimates due to slowing pharmaceutical sales, but the company, which is in the process of closing its $30 billion acquisition of Actelion, raised its 2017 forecast.

Insurer UnitedHealth posts strong results, boosts forecast

(Reuters) - UnitedHealth Group Inc , the largest U.S. health insurer, reported better-than-expected quarterly results, driven by strength across its businesses, and raised its profit and revenue forecast for the year.

Pence kicks off Japan talks, both sides seek 'near term' results

TOKYO (Reuters) - U.S. Vice President Mike Pence on Tuesday put Japan on notice that Washington wants results "in the near future" from talks it hopes will open markets to U.S. goods, adding that the dialogue could lead to negotiations on a two-way trade deal.

Automakers charge ahead with electrics in China, even as policy drive slows

SHANGHAI (Reuters) - China's auto industry is charging ahead with aggressive plans to electrify cars even as policymakers scale back subsidies aimed at building sales from relatively low levels and consider tapping the brakes on sales quotas for plug-in cars.

Peugeot needs deeper cuts, SUVs to halt Chinese sales slide: CEO

SHANGHAI (Reuters) - PSA Group , the maker of Peugeot, Citroen and DS cars, needs more drastic cost cuts and new SUVs to reverse a slump in sales in China, Chief Executive Carlos Tavares said on Tuesday.