Tuesday 17 August 2021

Reuters Business: UK aims to start trade talks with India this year

UK aims to start trade talks with India this year

The United Kingdom said on Tuesday it aims to start negotiations for a trade agreement with India by the end of the year.

Wall Street slumps after weak retail sales, Home Depot results

Wall Street's main indexes slid on Tuesday, with the S&P 500 logging its biggest one-day percentage fall in about a month, weighed down by a drop in U.S. retail sales that raised concerns about the economic recovery, as well as by disappointing results from Home Depot (HD.N).

Automobile shortages, spending shift to services tank U.S. retail sales

U.S. retail sales fell more than expected in July as shortages depressed motor vehicle purchases and the boost to spending from the economy's reopening and stimulus checks faded, suggesting a slowdown in economic growth early in the third quarter.

Fed's Kashkari: 'Reasonable' to taper late this year or early next

Minneapolis Federal Reserve President Neel Kashkari on Tuesday said that it could be "reasonable" for the Fed to start reducing its bond-buying program at the end of this year, though it would depend on making further progress in the labor market.

Krispy Kreme bets on easing curbs, new menu items to forecast higher revenue

Krispy Kreme Inc (DNUT.O) forecast a 23% surge in annual revenue, betting on new menu items like cotton candy and caramel popcorn doughnuts to draw in customers as pandemic curbs ease.

Wall Street skids after weak retail sales, Home Depot results

Wall Street's main indexes slid on Tuesday, weighed down by a drop in U.S. retail sales that raised concerns about the economic recovery, as well as by disappointing results from Home Depot (HD.N).

Renault-Nissan ordered to pay additional wages, despite warning India unit could become 'unviable'

An Indian arbitrator has issued an order asking Nissan Motor Co (7201.T) to pay its factory workers additional wages, despite warnings from the automaker that a higher payout could make its business "unviable in the long run".

As investors look to Jackson Hole, options markets see 'a lot of nothing'

Traders in U.S. equity options do not expect the Federal Reserve's symposium in Jackson Hole, Wyoming later this month to spark big moves in stocks, even as a focus on the Fed's taper timeline amplifies the buzz around the annual event, data and interviews with market participants showed.

Wall Street falls 1% after weak retail sales, Home Depot results

Wall Street's main indexes dropped about 1% on Tuesday, weighed down by a drop in U.S. retail sales that raised concerns about the economic recovery, as well as by disappointing results from Home Depot (HD.N).

Morgan Stanley will require employees to prove vaccination status

Morgan Stanley (MS.N) said on Tuesday it had asked its U.S.-based employees to offer proof for COVID-19 vaccination, as the big bank doubles down on rules for staff entering its offices.

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