Bhinneka News Online: Reuters Before the Bell: Stock futures fall on concerns over U.S.-China trade fallout

Tuesday, 9 July 2019

Reuters Before the Bell: Stock futures fall on concerns over U.S.-China trade fallout

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Tuesday, July 9, 2019

Stock futures fall on concerns over U.S.-China trade fallout

U.S. stock futures fell on Tuesday as investors worried over a hit to earnings from the prolonged U.S.-China trade war and receding hopes of a sharp rate cut by the Federal Reserve later this month.

Deutsche Bank shares slide again on skepticism about turnaround

Deutsche Bank shares extended losses on Tuesday on investor doubts that the new chief executive can revive the lender by shrinking the investment bank and returning to its roots as banker to corporate Germany.

Exclusive: Russian output falls to three-year low as oil rivals clash

Russian oil production fell close to a three-year low in early July, as output was undermined by a row between Russian oil pipeline monopoly Transneft and the country's biggest producer Rosneft .

Deutsche Bank CEO to invest 25% of fixed salary in bank's shares: source

Deutsche Bank Chief Executive Officer Christian Sewing is planning to invest a quarter of his fixed salary in the bank's shares, a person with knowledge of the matter said on Tuesday.

Japan, South Korea raise the stakes in dispute over forced labor

Japan and South Korea raised the stakes on Tuesday in a diplomatic dispute that threatens to disrupt global supplies of smartphones and chips, with South Korea denouncing Japanese reports that it had transferred a key chemical to North Korea.

Inspections ordered on some Airbus A380s after wing cracks found

European regulators have ordered inspections on some older Airbus A380 superjumbo airplanes after some cracks were detected in wings on the world's largest passenger aircraft.

Richard Branson's Virgin Galactic plans to go public by end-2019

Billionaire Richard Branson's space-tourism venture, Virgin Galactic, plans to go public by the end of this year as part of a deal with a special purpose acquisition company (SPAC) created by venture-capital firms Social Capital and Hedosophia, the companies said on Tuesday.

Oil rises towards $65 as supply concerns outweigh trade disputes

Oil rose towards $65 a barrel on Tuesday as OPEC supply cuts and Middle East tensions outweighed the U.S.-China trade dispute that has been dragging down the global economy and oil demand.

Richard Branson's Virgin Galactic plans to go public: source

Richard Branson's space-tourism venture, Virgin Galactic, plans to go public as part of a deal with a special purpose acquisition company (SPAC) created by Social Capital LP Chief Executive Officer Chamath Palihapitiya, a person familiar with the matter said.

PepsiCo results beat estimates on demand for sodas, chips

PepsiCo Inc beat analysts' estimates for quarterly revenue and profit on Tuesday, as the company benefited from demand for its sodas and Lays chips, as well as its sparkling waters.