Wednesday, 23 August 2017

🔔 Reuters Before the Bell: Euro, bond yields rise on buoyant business surveys

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Wednesday, August 23, 2017
Euro, bond yields rise on buoyant business surveys
LONDON (Reuters) - The European single currency and euro zone government bond yields rose on Wednesday after a survey showed the bloc's manufacturing businesses had their best month of growth in six-and-a-half years.
True price of an Uber ride in question as investors assess firm's value
SAN FRANCISCO (Reuters) - What is the true cost of an Uber ride?
Trump's comments dents U.S. stock futures
(Reuters) - U.S. stock index futures were lower on Wednesday as investors appeared to be in a risk-off mode a day after President Donald Trump said he will shutdown the U.S. government if necessary to build a wall along the border with Mexico.
Lowe's misses earnings estimates, forecasts slower margins growth
(Reuters) - Lowe's Companies Inc on Wednesday reported lower-than-expected quarterly earnings and warned of slower growth in profit margins, as it spends more on marketing to boost sales in a robust home improvement market.
Massive California verdict expands J&J's talc battlefield
NEW YORK (Reuters) - A massive California verdict in a lawsuit alleging Johnson & Johnson's talc-based products cause cancer has opened a new front in the litigation, upending the company's hopes that the cases were only gaining traction in Missouri, legal experts said.
Ferrari unveils its new entry-level model: the Portofino
MILAN (Reuters) - Italian luxury sportscar maker Ferrari on Wednesday unveiled the Ferrari Portofino, its new entry level model that will replace the California.
Toshiba sells $58.5 million in shares of Mitsubishi UFJ: source
TOKYO (Reuters) - Japan's Toshiba Corp sold $58.5 million worth of shares in Mitsubishi UFJ Financial Group on Wednesday, a source told Reuters, as the conglomerate struggles with losses from its bankrupt U.S. nuclear business.
North American exodus at PetroChina sparks speculation of company shift
NEW YORK (Reuters) - A flurry of departures across the U.S. and Canadian units of Chinese state energy firm PetroChina Co Ltd have sparked speculation that the oil trader is reducing its presence in North America, even though the company says it is committed to the region.
Mutual funds mark down investments in Uber by as much as 15 percent
NEW YORK (Reuters) - Four mutual fund companies have marked down their investments in Uber Technologies Inc [UBER.UL] by as much as 15 percent following a scandal-ridden year for the ride-hailing company.
Wal-Mart to enter voice-shopping market via Google platform
CHICAGO (Reuters) - Wal-Mart Stores Inc is teaming up with Alphabet Inc's Google to enter the nascent voice-shopping market, currently dominated by Amazon.com Inc , adding another front to Wal-Mart's battle with the online megastore.
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