Breaking business news for August 1, 2017

Click to View in Browser Tuesday, August 1, 2017 Global growth boosts stocks, dollar mired near multi-month lows LONDON (Reuters) - World stocks, on their longest streak of monthly gains in more than a decade, rose on Tuesday amid further signs that the global economy is in fine fettle, while the beaten-down dollar edged up slightly from 14-month lows. S&P 500 to exclude Snap after voting rights debate NEW YORK (Reuters) - The S&P 500 will start excluding companies that issue multiple classes of shares, managers of the index said on Monday, a move that effectively bars Snap Inc after its decision to offer stock with no voting rights. Apple doubles down on China as rivals pull ahead SHANGHAI/BEIJING (Reuters) - Apple Inc is binding itself more closely to China as its share of the world's biggest smartphone market slips and it becomes more reliant on selling services which require government approval. EU Commission extends review of Bayer-Monsanto deal until August 22 BRUSSELS (Reuters) - The European Commission on Tuesday extended its review of Bayer's $66 billion takeover of agrochemicals group Monsanto by two weeks, adding the companies had submitted their proposed concessions on Monday. Sprint swings to a profit, helped by cost cuts NEW YORK (Reuters) - Sprint Corp on Tuesday swung to a quarterly profit for the first time in three years as the No. 4 U.S. wireless carrier slashed costs and added subscribers. Thomson Reuters' second-quarter profit tops estimates NEW YORK (Reuters) - Thomson Reuters Corp on Tuesday reported higher-than-expected second-quarter earnings, helped by demand for market data, and increased its full-year forecast for margins and adjusted earnings per share. Pfizer revenue misses on lower Prevnar, Enbrel sales (Reuters) - Pfizer Inc reported quarterly revenue on Tuesday that missed Wall Street estimates, driven by lower demand for its rheumatoid arthritis treatment Enbrel and pneumonia vaccine Prevnar. Apple seeks tax breaks for suppliers to make iPhones in India: sources NEW DELHI (Reuters) - Apple Inc has asked the Indian government to extend tax breaks to its suppliers if India seeks to become a manufacturing hub for iPhones and its components. GM slashed July rental car sales, boosted commercial fleet DETROIT (Reuters) - General Motors Co said on Tuesday it slashed July sales to rental car fleets in the United States by 80 percent compared to a year ago to just over 2,700 vehicles, while increasing sales to commercial fleets. Abu Dhabi gives new deadline as 1MDB misses $600 million payment ABU DHABI/HONG KONG (Reuters) - Abu Dhabi's sovereign wealth fund has given 1Malaysia Development Berhad's (1MDB) five days to make a $600 million payment, which the troubled Malaysian state fund failed to pay on Tuesday, further complicating a dispute hanging over Southeast Asia's third-biggest economy. Related Video World stocks bet on 'goldilocks' scenario BP profit dips but delivers a beat Counterparties is a curated snapshot of the best finance news and commentary around the web. Register Today News you can use with actionable, timely advice for managing your financial life, including retirement, taxes, real estate, education and more. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2017 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook