Reuters Before the Bell: Wendy's quarterly revenue falls short of estimates

Click to View in Browser Wednesday, August 7, 2019 Wendy's quarterly revenue falls short of estimates Burger chain Wendy's Co reported quarterly revenue on Wednesday that fell short of analysts' estimates, hit by tough competition in a crowded U.S. restaurant market. Futures advance as Trump plays down trade worries Wall Street's main indexes were on course to rise at the open on Wednesday, building on a recovery a day earlier, as President Donald Trump sought to play down the impact of a potentially drawn-out trade war on U.S. farmers and businesses. PSA shares spike on report Dongfeng exploring options for stake Shares in PSA Group briefly rose as much as 6.6% on Wednesday and trading volumes spiked after a Bloomberg report said Dongfeng Motor Corp is exploring options for its 2.2 billion-euro stake in the French carmaker, traders said. Cautious calm reigns after Washington softens trade war rhetoric A cautious calm returned to stock markets on Wednesday as softer rhetoric from Washington on the U.S.-China trade war soothed investors, though demand for safe-haven assets like government debt underscored lingering anxiety over recession risks. Great Wall says JV with BMW is proceeding as planned China's top sport utility vehicle maker Great Wall Motor said in a stock exchange filing on Wednesday that its joint venture with BMW was proceeding as planned, though it was still awaiting regulatory approval. Bayer says next glyphosate lawsuit likely to be postponed Germany's Bayer said the next U.S. lawsuit scheduled to be heard over claims that its glyphosate-based weedkiller Roundup causes cancer would likely be postponed. SoftBank says Vision Fund 2 could start investing soon, bags big gains on first SoftBank Group Corp's second Vision Fund could start investing as soon as next month, founder and Chief Executive Masayoshi Son said, as the technology conglomerate reported a leap in profits at its first $100 billion fund. Oil sets new seven-month low on trade tensions Oil prices fell further on Wednesday, extending recent heavy losses as deepening U.S.-China trade tensions weighed on the outlook for the global economy and energy demand. Tesla considers raising prices in China from September: sources U.S. electric vehicle maker Tesla Inc is considering lifting its prices in China from September amid yuan-related uncertainty, two people familiar with the matter said. Diabetes drug maker Novo Nordisk buys pill factory in North Carolina Novo Nordisk said on Tuesday it had bought a factory in North Carolina that would assist in manufacturing and packaging its new once-daily pill for treating type 2 diabetes. Related Video Britain faces food shortages in no-deal Brexit: trade body British Airways cancels some flights due to IT failure Make sense of the market with highlights of valuable financial information and reports along with compelling investment insights. Register Today The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2019 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