The S&P 500 and the Dow Jones Industrial Average suffered their biggest one day percentage drop in a month on Tuesday as political turmoil in Italy sparked concerns about the stability of the euro zone and shares of U.S. banks tumbled.
President Donald Trump is running out of time to deliver a revamp of the North American Free Trade Agreement (NAFTA) he promised for this year and people involved in the talks say the crunch is largely of his administration's own making.
Blame it on Trump, Iran or Venezuela. Rising oil prices combined with a heavy debt load killed the world's biggest private equity oil and gas industry deal last week.
WASHINGTON (Reuters) - The United States said on Tuesday that it still holds the threat of imposing tariffs on $50 billion of imports from China and will use it unless Beijing addresses the issue of theft of American intellectual property.
LOS ANGELES/MIAMI (Reuters) - Starbucks Corp appealed to customers for forgiveness in a controversy over alleged racial profiling on Tuesday, saying its behavior toward two black men last month had been reprehensible as it closed 8,000 U.S. stores for anti-bias training.
FRANKFURT/WASHINGTON (Reuters) - Bayer won U.S. approval for its planned takeover of Monsanto after agreeing to sell about $9 billion in assets, clearing a major hurdle for the $62.5 billion deal that will create by far the largest seeds and pesticides maker.
(Reuters) - HP Inc reported an 89.3 percent rise in second-quarter profit on Tuesday, partly helped by strong growth in its personal systems business that includes notebooks and desktops.
MEXICO CITY (Reuters) - Mexico's central bank is prepared for different scenarios resulting from the country's July 1 presidential vote, central bank chief Alejandro Diaz de Leon said late on Monday, adding that policymakers could act to support the peso if liquidity dries up.
MILAN/LONDON (Reuters) - Fiat Chrysler (FCA) boss Sergio Marchionne is expected to outline new plans for electric and hybrid cars in a strategy presentation on Friday, aiming to ensure the world's seventh-largest carmaker remains in the race in the absence of a merger.
Apple will reportedly use organic light-emitting diode screens in all three new iPhones next year. But as Fred Katayama reports, analysts question whether Apple can secure enough OLED screens by 2019.
Spoiler: Germany wins. So says the Breakingviews interactive graphic that screens the 32 countries' soccer teams against various criteria to decide who's strongest. Peter Thal Larsen explains how it works, and why Costa Rica might still have an outside chance.
Read Reuters on the go
Download the free Reuters News app today for breaking news, analysis and market data from the world's most trusted news organization.
