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10:58 2019-07-16

Italy builder Salini decides to go ahead with Astaldi takeover Italy's biggest builder, Salini Impregilo, has decided to go ahead with a 225 million euros ($253 million) takeover of ailing rival Astaldi, an exercise to be partly funded by Salini raising 600 milli...
10:00 2019-07-16

CRH to sell European distribution arm to Blackstone in $1.9 bln deal Irish cement maker CRH said on Tuesday it has agreed to sell its European distribution arm to private equity funds managed by Blackstone Group Inc for an enterprise value of about 1.64 billion euros (...
10:00 2019-07-16

Ryanair cuts summer 2020 growth rate on Boeing MAX doubts Europe's largest budget carrier Ryanair has cut its forecast for growth in traveller numbers next summer to 3% from a previous 7%, saying it was providing for the possibility of further delays in deli...
10:00 2019-07-16

Citi ramps up ASEAN banking team with 30 hires over past year Citigroup Inc said it has hired about 30 bankers over the past year across its banking, capital markets and advisory teams in the 10-member Association of Southeast Asian Nations (ASEAN), spurred by r...
10:00 2019-07-16

British watchdog to review Inmarsat's sale to private equity consortium The Competition and Markets Authority (CMA) said on Tuesday it was looking whether the proposed acquisition of British satellite company Inmarsat by a private equity-led consortium would affect the co...
10:00 2019-07-16

UPDATE 2-Pakistan reopens airspace to civil aviation after India standoff Pakistan opened its airspace to civil aviation on Tuesday, following months of restrictions imposed in the wake of a standoff with neighbouring India....
10:00 2019-07-16

Climate activists disrupt London concrete plant Climate activists from Extinction Rebellion on Tuesday disrupted London Concrete, the British capital's biggest supplier of ready-mixed concrete which supplies a major road tunnel project under the Ri...
10:00 2019-07-16

UPDATE 1-CRH to sell European distribution arm to Blackstone in $1.9 bln deal Irish building materials supplier CRH Plc said on Tuesday it has agreed to sell its European distribution arm to private equity funds managed by Blackstone Group Inc for an enterprise value of about ...
10:00 2019-07-16

Savings platform Raisin taps Goldman for top-up investment Raisin, a Berlin-based savings and investment marketplace, said it had tapped investment bank Goldman Sachs for top-up funding as it joins other European fintech players in targeting the U.S. market....
10:00 2019-07-16

S.Korea bourse fines BofA Merrill Lynch branch over irregular trading The Korea Exchange (KRX) said on Tuesday it has decided to impose a 175 million won ($148,655) fine on Bank of America Merrill Lynch's South Korean unit for irregular trading activities....
10:00 2019-07-16

UPDATE 1-Climate activists disrupt London biggest concrete supplier Climate activists from Extinction Rebellion on Tuesday disrupted London Concrete, the British capital's biggest supplier of ready-mixed concrete which supplies a major road tunnel project under the Ri...
10:00 2019-07-16

European shares flat, Bayer boosted by new Roundup ruling European shares opened little changed on Tuesday as investors looked to a deluge of second quarter earnings releases and a batch of macroeconomic indicators for more signs on a slowing global and euro...
10:00 2019-07-16

UPDATE 1-Netflix deletes suicide scene from popular youth show, '13 Reasons Why' Netflix Inc. is removing a controversial graphic scene depicting a youth suicide from its popular young adult drama "13 Reasons Why", following advice from medical experts, the company said on its Twi...
10:00 2019-07-16

UPDATE 2-Facebook vows Libra currency will wait for approval as U.S. airs worries Facebook Inc said on Monday it would not proceed with the launch of its Libra cryptocurrency until regulatory concerns are addressed, as the U.S. Treasury secretary took the unusual step on of saying ...
02:17 2019-07-16

CORRECTED-UPDATE 1-People's United Financial to buy United Financial Bancorp for $743 mln in stock People's United Financial Inc said on Monday it would buy United Financial Bancorp Inc , the holding company for United Bank, for about $743 million in stock....
02:17 2019-07-16

Lockheed Martin awarded $492 million defense contract -Pentagon Lockheed Martin was awarded a $492 million contract to produce launchers and support equipment for the M142 High Mobility Artillery Rocket Systems for the U.S. Army, the Pentagon said on Monday....
02:17 2019-07-16

REFILE-UPDATE 5-Citigroup profit beats estimates on gains in consumer lending Citigroup Inc topped expectations for quarterly profit on Monday as a tight lid on costs and strength in consumer lending helped the third-largest U.S. bank counter weakness in its trading business....
02:17 2019-07-16

SpaceX astronaut mission looking 'increasingly difficult' in 2019 -executive As Elon Musk's SpaceX closes in on the possible cause of a fiery explosion in April that destroyed one of its astronaut capsules, a company executive said on Monday its plan to launch humans into spac...
02:17 2019-07-16

Brazil plan to open gas sector seen luring Naturgy, Engie, others Recently announced plans to foster competition in the Brazilian natural gas market may trigger a wave of privatizations among state-controlled distribution companies, luring international and domestic...
02:17 2019-07-16

Brazilian housing subsidies program receives $266 mln -spokesman Brazil's Regional Development Ministry has received 1 billion reais ($266.30 million) to resume the housing subsidies program Minha Casa Minha Vida, presidential spokesman Otávio do Rêgo Barros said o...
02:17 2019-07-16

House Intelligence chief presses social media companies on deepfake policies U.S. House of Representatives Intelligence Committee Chairman Adam Schiff on Monday pressed major social media companies on how they plan to handle the threat of deepfake images and videos on their pl...
02:17 2019-07-16

Protest begins against billion-dollar Southern Copper mining project in Peru Protesters blocked a portion of Peru's main coastal highway on Monday in the start of a new challenge to a billion-dollar copper mining project that has been a lightning rod for conflict....
02:17 2019-07-16

UPDATE 1-SpaceX astronaut mission looking 'increasingly difficult' in 2019 -executive As Elon Musk's SpaceX closes in on the possible cause of a fiery explosion in April that destroyed one of its astronaut capsules, a company executive said on Monday its plan to launch humans into spac...
02:17 2019-07-16

UPDATE 3-U.S. judge slashes Roundup jury award to $25.3 mln; Bayer still plans to appeal A federal judge on Monday slashed a damages award Bayer AG owed a California man who blamed Roundup weed killer for his cancer, to $25.27 million from $80.27 million, while rejecting the company's bid...
02:17 2019-07-16

UPDATE 1-House Intelligence chief presses social media companies on deepfake policies U.S. House of Representatives Intelligence Committee Chairman Adam Schiff on Monday pressed major social media companies on how they plan to handle the threat of deepfake images and videos on their pl...
02:17 2019-07-16

Most big companies fail to report role in deforestation, charity says Most big companies are failing to report the damage their operations are doing to forests despite committing to lighten their footprint under wider efforts to tackle climate change, according to a rep...
02:17 2019-07-16

PayPal launches international money transfer service Xoom across Europe U.S. payments company PayPal is expanding further in Europe by launching its international money transfers service Xoom in Britain and 31 other countries across the continent....
02:17 2019-07-16

Brazil's Petrobras starts sale process for refining and logistics assets - filing Brazil's state-controlled oil company Petroleo Brasileiro SA announced on Monday the start of a sale process for refining and logistics assets, according to a securities filing....
02:17 2019-07-16

UPDATE 3-U.S. Gulf of Mexico oil, gas producers begin restarting after Barry U.S. oil companies on Monday began restoring some of the nearly 74% production that was shut at U.S. Gulf of Mexico platforms ahead of Hurricane Barry, the U.S. offshore drilling regulator said....
02:17 2019-07-16

State AGs fighting T-Mobile, Sprint merger say October trial may not be possible An attorney for the state attorneys general who filed a lawsuit in hopes of stopping T-Mobile's $26 billion merger with Sprint told the judge on Monday that an Oct. 7 trial may not be possible....
02:17 2019-07-16

CORRECTED-UPDATE 2-Oklahoma at trial's end says opioid 'kingpin' J&J fueled epidemic Lawyers for the state of Oklahoma on Monday compared Johnson & Johnson to a drug cartel leader as they sought to hold the drugmaker responsible for fueling the U.S. opioid epidemic in the first trial ...
21:00 2019-07-15

UPDATE 1-Romanian union says strike averted at ADM Constanta grain silos The union representing workers at ADM's North Star Shipping grain silos in Romania's Black sea port of Constanta said on Monday an indefinite strike scheduled to start on July 15 had been averted afte...
21:00 2019-07-15

Russia's Aeroflot plans to add 9 Airbus A320 Neo to fleet-documents Russia's national flag carrier Aeroflot is planning to add nine medium-haul A320 Neo Airbus planes for about $870 million to its fleet next year, procurement documents show....
21:00 2019-07-15

Charles Schwab in talks to buy USAA wealth-management, brokerage units - WSJ Charles Schwab Corp is in talks to buy brokerage and wealth-management operations from USAA for about $2 billion, the Wall Street Journal reported on Monday, citing people familiar with the matter....
21:00 2019-07-15

Osram says AMS has made non-binding takeover offer at 38.50 euros per share German lighting group Osram Licht on Monday said it had been approached by Austria's AMS to discuss a non-binding takeover offer at 38.50 euros per share....
21:00 2019-07-15

UPDATE 3-Oklahoma lawyers at trial's end say opioid 'kingpin' J&J fueled epidemic Lawyers for the state of Oklahoma on Monday compared Johnson & Johnson to a drug cartel leader as they sought to hold the drugmaker responsible for fueling the U.S. opioid epidemic in the first trial ...
21:00 2019-07-15

Google not biased against conservatives -exec Google's top government affairs official said on Monday that the search engine does not discriminate against conservative viewpoints and that he will reiterate that to a U.S. Senate panel on Tuesday....
21:00 2019-07-15

Ferrovie picked Atlantia for Alitalia rescue - Deputy PM Italy's State Railways Ferrovie dello Stato picked motorway operator Atlantia as a partner to join a consortium of investors for the rescue of national carrier Alitalia, Deputy Prime Minister Luigi Di...
21:00 2019-07-15

UPDATE 2-Amazon rivals ride on Prime Day marketing as protests unfold Amazon.com Inc's Prime Day is now a major marketing opportunity and shopping event in the annual calendar for other U.S. retail companies, rivaling the Thanksgiving holiday's Black Friday as a driver ...
21:00 2019-07-15

Disney goes high-tech to draw fans to a new 'Lion King' Walt Disney Co has taken a high-tech route to remake animated classic "The Lion King" with the look of a nature documentary, an update it hopes will lure audiences to a new version of a film considere...
21:00 2019-07-15

Mnuchin says Facebook must enact proper safeguards against illicit use, money laundering U.S. Treasury Secretary Steve Mnuchin said on Monday that the Treasury department has serious concerns that Facebook Inc's proposed LIBRA cryptocurrency could be misused for money laundering, adding t...
21:00 2019-07-15

UPDATE 1-Italy's state railway picks Atlantia for Alitalia rescue Italy's state railway Ferrovie dello Stato picked motorway operator Atlantia as a partner to join a consortium of investors for the rescue of national carrier Alitalia, Ferrovie said on Monday....
21:00 2019-07-15

ADNOC hires BAML, Mizuho for natural gas pipelines deal –sources Abu Dhabi National Oil Company (ADNOC) has hired Bank of America Merrill Lynch and Mizuho to arrange the lease of its natural gas pipeline assets, sources familiar with the matter said, as the oil gia...
19:01 2019-07-15

UPDATE 3-Callon Petroleum to buy Carrizo in quest for strong cash flow Callon Petroleum Co said on Monday it would buy Carrizo Oil & Gas Inc for $1.2 billion in stock, the latest in a string of acquisitions as energy companies scale up to boost cash flow and quell invest...
19:01 2019-07-15

Facebook's Marcus says regulatory concerns to be "fully addressed" before Libra launch Facebook's top official overseeing the launch of its Libra cryptocurrency plans to tell U.S. lawmakers the company does not plan to launch the digital currency until regulatory concerns and approvals ...
19:01 2019-07-15

EMERGING MARKETS-Latam shares subdued, FX mixed; Argentina faces Moody's heat Latin American markets had a tepid start on Monday with Brazilian assets subdued as economic worries eclipsed optimism from pensions reform hopes, while currencies in the region were mixed with Argent...
19:01 2019-07-15

UPDATE 1-Facebook official says regulatory concerns to be addressed before Libra launch Facebook Inc's top official overseeing the launch of its Libra cryptocurrency plans to tell U.S. lawmakers the company will not launch the digital currency until regulatory concerns and approvals are ...
19:01 2019-07-15

UPDATE 1-UAW head wants union to share in profits of U.S. automakers The head of the labor union representing most hourly workers at the U.S. automakers struck an adversarial tone on Monday, vowing in likely contentious talks for new four-year deals that they want to s...
19:01 2019-07-15

Romanian trade union says strike averted at ADM Constanta grain silos Workers at ADM's North Star Shipping grain silos in the Romanian Black sea port of Constanta on Monday said an indefinite general strike scheduled to start on July 15 had been averted after reaching a...
19:01 2019-07-15

UPDATE 2-Oklahoma at trial's end says opioid 'kingpin' J&J fueled epidemic Lawyers for the state of Oklahoma on Monday compared Johnson & Johnson to a drug cartel leader as they sought to hold the drugmaker responsible for fueling the U.S. opioid epidemic in the first trial ...
19:01 2019-07-15

UPDATE 4-Citigroup profit beats estimates on gains in consumer lending Citigroup Inc beat analysts' estimates for quarterly profit on Monday as a tight lid on costs and strength in consumer lending helped the third-largest U.S. bank counter weakness in its trading busine...
19:01 2019-07-15

United Airlines extends suspension of Delhi, Mumbai flights to Oct. 26 United Airlines Holdings Inc said on Monday it was extending the suspension of its flights from the United States to Delhi and Mumbai in India until Oct. 26, citing continued restriction of Pakistani ...
19:01 2019-07-15

Nomura pays $26.5 mln to settle U.S. charges over traders' lies about bond prices Nomura Holdings Inc will pay $26.5 million to settle U.S. Securities and Exchange Commission charges that it failed to properly supervise five former traders who lied to customers about mortgage bond ...
19:01 2019-07-15

METALS-Shanghai nickel hits 10-1/2-month high on Indonesian supply concerns Shanghai nickel prices on Monday surged to their highest in more than 10 months, tracking an overnight rally in London, on concerns that top producer Indonesia will resume an export ban on ore in 2022...
07:34 2019-07-15

UPDATE 3-Erdogan says Trump can waive sanctions on Turkey for Russian defence purchase U.S. President Donald Trump has the authority to waive sanctions on Turkey for its purchase of Russian air defence systems and should find a "middle ground" in the dispute, President Tayyip Erdogan sa...
07:34 2019-07-15

MOVES-Jefferies names CLSA's Slone as Asia chairman in regional hiring spree Jefferies Group LLC continued to capitalize on the internal woes of CLSA by adding the Asian brokerage's former long-time Chief Executive Jonathan Slone to a 50-plus regional hiring spree that has alr...
07:34 2019-07-15

Morning News Call - India, July 15 To access a PDF version of this newsletter, please click here http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_07152019.pdf If you would like to receive this newsletter ...
07:34 2019-07-15

FOREX-Australian dollar strengthens on encouraging Chinese data The Australian dollar strengthened on stronger-than-expected economic data from China, which some analysts saw as signalling that moves aimed at reviving spending in the world's second biggest economy...
07:34 2019-07-15

No impact from Broome earthquake on Australia oil, gas operations Oil and gas operations onshore and offshore Western Australia were unaffected by a magnitude 6.6 earthquake that struck off the northern coast of the state on Sunday, the country's offshore petroleum ...
07:34 2019-07-15

Atlantia among prospective investors in Alitalia rescue Italian infrastructure group Atlantia and three other potential investors have submitted expressions of interest to join a consortium for the rescue of ailing Italian airline Alitalia, a government mi...
04:00 2019-07-15

Officials seek answers after blackout in New York's Manhattan Government and utility officials were still searching for definite reasons on Sunday for a five-hour blackout in a large section of New York City's Manhattan borough that left 73,000 customers without...
04:00 2019-07-15

UPDATE 2-Gilead deepens Galapagos ties with $5.1 bln deal Gilead Sciences Inc will invest $5.1 billion to raise its stake in Galapagos NV and partner with the Belgian-Dutch biotech firm to develop and commercialize its treatments for a ten-year period, the c...
04:00 2019-07-15

Amazon workers in Germany to strike over pay, Verdi union says Workers at seven Amazon sites across Germany will go on strike over pay for at least two days this week starting on Sunday night going into Monday, labour union Verdi said....
04:00 2019-07-15

REUTERS NEWS SCHEDULE AT 10 p.m. GMT/6 a.m. SGT Here are the top stories and upcoming coverage plans for Reuters text service as of 10 p.m. GMT/6 a.m. SGT. For a full schedule of news and events, go to our editorial calendar on Reuters Connect http...
04:00 2019-07-15

MOVES-Jefferies picks Jonathan Slone to be chairman of Asia Jefferies Group LLC said on Sunday it appointed Jonathan Slone as chairman of Asia, a role that will focus on the financial firm's major relationships for investment banking and trading throughout the...
04:00 2019-07-15

PRESS DIGEST- British Business - July 15 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy....
04:00 2019-07-15

PRECIOUS-Gold trades steady ahead of China GDP data Gold prices held steady in early Asian trade on Monday, as market participants awaited key economic data from China for cues about the health of the world's second-largest economy....
04:00 2019-07-15

American Airlines extends Boeing 737 MAX cancellations for fourth time American Airlines Group Inc said on Sunday it is extending for a fourth time cancellations of about 115 daily flights into early November due to the ongoing grounding of the Boeing Co 737 MAX jets....
19:00 2019-07-14

Recently departed Mexico FinMin says pipeline dispute pushed him to go A Mexican state-owned power utility's move to seek arbitration over pipeline contracts was one of the final straws that pushed the country's former finance minister, Carlos Urzua, to resign from his p...
19:00 2019-07-14

Pharma firm Gilead to raise Galapagos stake in $5.1 bln deal -report Gilead Sciences Inc will increase its stake in Galapagos NV and gain rights outside Europe to the Belgian-Dutch biotech firm's treatments in development in a $5.1 billion deal, the Wall Street Journal...
19:00 2019-07-14

Pakistan welcomes venture's willingness for negotiated settlement after Reko Diq mine ruling Pakistan said on Sunday it welcomed a statement by Tethyan Copper expressing willingness for a negotiated settlement after a World Bank tribunal ordered the government to pay $5.8 billion in damages i...
14:00 2019-07-14

RPT-Wall St Week Ahead-Union Pacific, other freight co earnings eyed for tariff effects Results from two major U.S. railroads next week are likely to attract more scrutiny than usual as investors look for signs of how deeply U.S. President Donald Trump's multi-front trade war is affectin...
14:00 2019-07-14

UPDATE 2-Pakistan welcomes venture's willingness for negotiated settlement after Reko Diq mine ruling Pakistan said on Sunday it welcomed a statement by Tethyan Copper expressing willingness for a negotiated settlement after a World Bank tribunal ordered the government to pay $5.8 billion in damages i...
14:00 2019-07-14

Amazon plans to open new warehouse, create 2,800 jobs in Germany U.S. online retail giant Amazon plans to open a new warehouse in Germany this year and create more than 2,800 jobs with permanent contracts in what is its second-biggest market after the United States...
12:00 2019-07-14

Huawei plans extensive layoffs at its U.S. operations - WSJ Huawei Technologies Co Ltd is planning extensive layoffs in the United States as the Chinese telecoms equipment company grapples with its U.S. blacklisting, the Wall Street Journal reported, citing pe...
11:00 2019-07-14

UPDATE 1-Huawei plans extensive layoffs at its U.S. operations - WSJ Huawei Technologies Co Ltd is planning extensive layoffs in the United States as the Chinese telecoms equipment company grapples with its U.S. blacklisting, the Wall Street Journal reported, citing pe...
11:00 2019-07-14

Dubai's GEMS to meet banks for $1.65 bln refinancing - LPC news service Dubai-based GEMS Education is meeting banks in London and New York this week to discuss refinancing worth $1.65 billion, according to LPC, a fixed income news service that is part of Refinitiv....
11:00 2019-07-14

UPDATE 1-BNP Paribas backs away from U.S. private prison industry France's BNP Paribas SA on Friday said it will no longer finance U.S. private prison operators, the first foreign bank to distance itself from a sector shunned by domestic peers amid controversy over ...
06:34 2019-07-14

Indian housing lender DHFL warns it may not survive as a going concern One of India's biggest housing finance companies, Dewan Housing Finance Corp Ltd (DHFL) , warned on Saturday that its financial situation was so grim that it may not survive....
06:34 2019-07-14

UPDATE 7-Blackout disrupts Manhattan, darkens Broadway theaters A wide swath of New York's Manhattan borough was plunged into darkness Saturday after a transformer explosion knocked out power to subways, stores and Broadway theaters, but the city's main utility sa...
06:34 2019-07-14

Brazil's healthcare firm Hapvida launches $700 mln share offering - filing Brazilian healthcare company Hapvida Participacoes e Investimentos SA launched a share offering that may raise up to 2.63 billion reais ($704 million), according to a securities filing on Friday....
22:00 2019-07-13

India's Allahabad Bank reports $259 mln alleged fraud by bankrupt steelmaker India's Allahabad Bank on Saturday became the second Indian state-owned bank to report a major alleged fraud by bankrupt steelmaker Bhushan Power & Steel Ltd this month, adding to concerns about a ban...
22:00 2019-07-13

UPDATE 1-U.S. shale firms put up $16.5 mln to build West Texas charter schools Twenty top U.S. energy companies agreed to contribute $16.5 million to open new schools in West Texas, where an influx of oil and gas workers have strained schools, roads and other civic services....
22:00 2019-07-13

UPDATE 2-Trump declines to set U.S. uranium production quotas President Donald Trump declined to issue quotas for domestic uranium production late on Friday and instead ordered a 90-day governmental review, a decision praised by U.S. nuclear power generators who...
22:00 2019-07-13

Most Louisiana refineries running as storm cuts 70% of offshore oil Tropical Storm Barry slowly moved on to the Louisiana coast and quickly weakened from hurricane strength on Saturday afternoon, leaving in its wake 70 percent of U.S. Gulf of Mexico oil production sh...
22:00 2019-07-13

UPDATE 1-Cargill shuts animal-feed mills in China as fatal hog disease spreads Cargill Inc shuttered animal-feed mills in China in recent months partly because the rapid spread of a fatal hog disease has reduced demand, a company executive said on Friday....
16:34 2019-07-13

UPDATE 7-Turkey begins receiving Russian missiles in challenge to U.S. and NATO * Pentagon chief says U.S. position unchanged (Adds dateline, byline, updates with statements from Pentagon and Turkish defence ministry, U.S. Congress, Fitch)...
16:34 2019-07-13

UPDATE 4-U.S. regulators approve $5 bln Facebook settlement over privacy issues - source The U.S. Federal Trade Commission approved a roughly $5 billion settlement with Facebook Inc this week over its investigation into the social media company's handling of user data, a source familiar w...
16:34 2019-07-13

Mexico faces headwinds to growth as oil production slows -Fitch Solutions Mexico will face "significant headwinds" for economic growth, as slowing activity in its oil and gas sector weighs on industrial production, Fitch Solutions Macro Research said on Friday....
16:34 2019-07-13

UPDATE 1-Lockheed Martin plans to expand Milwaukee plant workforce by 15% Defense contractor Lockheed Martin Corp said on Friday it plans to increase the workforce at its approximately 300-person Milwaukee facility by more than 15% this year....
16:34 2019-07-13

BNP Paribas backs away from U.S. private prison industry France's BNP Paribas SA on Friday said it will no longer finance U.S. private prison operators, the first foreign bank to distance itself from a sector shunned by domestic peers amid controversy over ...
16:34 2019-07-13

UPDATE 2-Brazil lower house pension reform vote hits delay as savings cut Brazil's lower house of Congress may not vote on a landmark pension reform bill until August, leaders said on Friday, as intense negotiation over amendments delayed the process and reduced savings der...
16:34 2019-07-13

UPDATE 2-China to impose sanctions on U.S. firms that sell arms to Taiwan China said on Friday it would impose sanctions on U.S. firms involved in a deal to sell $2.2-billion worth of tanks, missiles and related equipment to Taiwan, saying it harmed China's sovereignty and ...
16:34 2019-07-13

Trump declines to set U.S. uranium production quotas U.S. President Donald Trump late Friday declined to issue quotas for domestic uranium production but instead ordered a new 90-day review by a group of federal agencies....
16:34 2019-07-13

UPDATE 3-Trump administration freezing fuel efficiency penalties The Trump administration said late on Friday it was issuing final rules to suspend a 2016 Obama administration regulation that more than doubled penalties for automakers failing to meet fuel efficienc...
16:34 2019-07-13

Molymet drops plans for battery parts factory in Chile Chile´s Molymet has dropped a project to build battery parts in Chile, the second of three companies to pass on the deal little more than a year after winning guaranteed access to cheap Chilean lithiu...
16:34 2019-07-13

UPDATE 1-Indivior loses appeal to block generic Suboxone opioid treatments A divided federal appeals court on Friday ruled against Indivior Plc in its bid to stop Dr. Reddy's Laboratories Ltd and Alvogen from selling generic versions of its opioid addiction treatment Suboxo...
23:34 2019-07-12

UPDATE 1-U.S. federal judge orders FDA to implement 10-month deadline for e-cig applications A U.S. federal judge on Friday ordered the Food and Drug Administration to impose a 10-month deadline for the submission of e-cigarette applications, turning the screws on companies like Juul Labs Inc...
23:34 2019-07-12

Speculators lift net long U.S. dollar bets in latest week -CFTC, Reuters data Speculators' net long dollar position rose for the first time in seven weeks, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday....
23:34 2019-07-12

Chile to study trans-Pacific cable to connect South America with Asia Chile on Friday took a step toward building the first fiber-optic cable to directly connect South America and Asia, a project that has piqued the interest of China's Huawei and Japan's NEC....
23:34 2019-07-12

FTC approves roughly $5 bln Facebook settlement - WSJ The United States Federal Trade Commission voted this week to approve a roughly $5 billion settlement with Facebook Inc over a long-running investigation into the company's privacy missteps, the Wall ...
23:34 2019-07-12

US STOCKS SNAPSHOT-Wall St notches record highs on Fed rate-cut expectations All three major indexes posted record closing highs on Friday as solid expectations for an interest-rate cut from the Federal Reserve continued to propel shares while investors awaited next week's kic...
23:34 2019-07-12

UPDATE 1-Speculators raise net long U.S. dollar bets in latest week -CFTC, Reuters Speculators' net long dollar position rose for the first time in seven weeks, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday. The value ...
23:34 2019-07-12

U.S. shale firms put up $16.5 mln to build West Texas charter schools Twenty top U.S. energy companies agreed to contribute $16.5 million to open new schools in West Texas, where an influx of oil and gas workers have strained schools, roads and other civic services....
23:34 2019-07-12

Eton Pharma's conjunctivitis treatment fails to win FDA approval The U.S. Food and Drug Administration declined to approve Eton Pharmaceuticals Inc's treatment for conjunctivitis, the drug developer said on Friday....
23:34 2019-07-12

UPDATE 1-Canada's Belo Sun touts procedural win but Brazil gold mine still on hold Belo Sun Mining Corp said on Friday it had won a legal victory in its push to mine the country's largest undeveloped gold deposit in the Amazon rainforest, which has drawn criticism from environmental...
23:34 2019-07-12

California governor signs bill for $21 bln wildfire fund California Governor Gavin Newsom on Friday signed a bill approved by lawmakers a day earlier that creates a $21 billion fund to help bankrupt PG&E Corp and the state's other investor-owned utilities c...
23:34 2019-07-12

UPDATE 3-U.S. regulators approve $5 bln Facebook settlement over privacy issues - source The U.S. Federal Trade Commission approved a roughly $5 billion settlement with Facebook Inc this week over its investigation into the social media company's handling of user data, a source familiar w...
23:34 2019-07-12

UPDATE 1-China to impose sanctions on U.S. firms that sell arms to Taiwan China said on Friday it would impose sanctions on U.S. firms involved in a deal to sell $2.2 billion worth of tanks, missiles and related equipment to Taiwan, saying it harmed China's sovereignty and ...
21:34 2019-07-12

G7 deal on minimum tax rates seen eluding ministers - French source France will use a G7 finance ministers' meeting it is hosting next week for a new push on minimum corporate taxation, although it is too early to agree on a specific rate, a finance ministry source sa...
21:34 2019-07-12

Boeing 737 MAX to remain off United Airlines schedule until Nov. 3 United Airlines Holdings said on Friday the Boeing 737 MAX would stay off its flight schedule until Nov. 3, a fresh extension leading to about 2,100 cancellations in September and 2,900 in October as ...
21:34 2019-07-12

U.S. oil drillers cut rigs for second week in a row -Baker Hughes U.S. energy firms this week reduced the number of oil rigs operating for a second week in a row as drillers follow through on plans to cut spending this year....
21:34 2019-07-12

UPDATE 1-Boeing 737 MAX to remain off United Airlines' schedule until Nov. 3 United Airlines Holdings said on Friday the Boeing 737 MAX would stay off its flight schedule until Nov. 3, a fresh extension leading to about 2,100 cancellations in September and 2,900 in October as ...
21:34 2019-07-12

UPDATE 1-U.S. oil drillers cut rigs for second week in a row -Baker Hughes U.S. energy firms this week reduced the number of oil rigs operating for a second week in a row as drillers follow through on plans to cut spending this year....
21:34 2019-07-12

U.S. House passes $733 bln defense policy bill after Trump threatens veto U.S. House of Representatives approved a $733 billion defense policy bill on Friday, defying President Donald Trump's veto threat by including provisions like a clampdown on funding for his planned wa...
21:34 2019-07-12

UPDATE 2-Macquarie's MEIF 6 Fibre unit to buy UK telecoms firm KCOM Macquarie unit MEIF 6 Fibre Ltd is to buy KCOM Group Plc in a deal that values the British telecoms company at 627 million pounds ($787.5 million), ending a bidding war with a UK pension fund....
21:34 2019-07-12

U.S. to hold hearing on French tax investigation Aug. 19 The U.S. Trade Representative's (USTR) Office will hold a hearing on Aug 19 in its probe of France's new planned tax on big technology companies, calling the proposal "unreasonable."...
21:34 2019-07-12

Indivior loses appeal to block generic Suboxone opioid treatments A divided federal appeals court on Friday ruled against Indivior Plc in its bid to stop Dr. Reddy's Laboratories Ltd and Alvogen from selling generic versions of its opioid addiction treatment Suboxo...
21:34 2019-07-12

EMERGING MARKETS-Latam currencies climb to 15-month high on Fed optimism Latin American currencies scaled a 15-month high on Friday as hopes of an interest rate cut by the U.S. Federal Reserve later this month boosted investor confidence, while stock indices in the region ...
21:34 2019-07-12

U.S. federal judge orders FDA to implement 10-month deadline for e-cig applications A U.S. federal judge on Friday ordered the Food and Drug Administration to impose a 10-month deadline for the submission of e-cigarette applications, turning the screws on companies like Juul Labs Inc...
21:34 2019-07-12

US STOCKS SNAPSHOT-S&P 500, Dow hit record high at open on hopes of rate cut The S&P 500 and Dow indexes hit a record high at the open on Friday, after Federal Reserve Chairman Jerome Powell's dovish remarks this week boosted bets of an interest rate cut this month....
18:34 2019-07-12

Clariant expects final bids for Medical Specialties business -sources Swiss chemicals maker Clariant is entering the final stages of the sale of its packaging business, part of a wider streamlining to be completed by the end of 2020, sources close to the matter said....
18:34 2019-07-12

Wall St Week Ahead-Union Pacific, other freight co earnings eyed for tariff effects Results from two major U.S. railroads next week are likely to attract more scrutiny than usual as investors look for signs of how deeply U.S. President Donald Trump's multi-front trade war is affectin...
18:34 2019-07-12

UPDATE 1-Clariant expects final bids for Medical Specialties business -sources Swiss chemicals maker Clariant is entering the final stages of the sale of its packaging business, part of a wider streamlining to be completed by the end of 2020, sources close to the matter said....
18:34 2019-07-12

EMERGING MARKETS-Latam forex, stocks extend Fed-driven rally Most Latin American currencies extended gains on Friday after dovish signals from the U.S. Federal Reserve, with the Brazilian real holding at over three-month highs as investors welcomed progress in ...
18:34 2019-07-12

UPDATE 1-India-U.S. trade talks end without major progress -sources U.S. and Indian trade negotiators ended talks on Friday without making major progress on a range of disputes over tariffs and other protectionist measures imposed by both sides that are straining bila...
18:34 2019-07-12

CANADA STOCKS-TSX flat as healthcare offsets materials' gains Canada's main stock index treaded water on Friday, as losses in healthcare stocks led by cannabis producer CannTrust were offset by gains in the materials sector....
18:34 2019-07-12

Sweden's Ericsson sees Brazil switching on 5G network by early 2021 Swedish telecoms equipment maker Ericsson expects Brazil to switch on its fifth-generation (5G) network by early 2021, several months after a spectrum auction set for March next year, a top executive ...
18:34 2019-07-12

Canada's Belo Sun touts Brazil court ruling clearing way for gold mine Belo Sun Mining Corp said on Friday that it had won a key legal victory in its push to build a gold mine in the Amazon rainforest, which has drawn criticism from environmentalists and indigenous advoc...
18:34 2019-07-12

First LGBTI job fair held in India after gay ban lifted An LGBTI job fair, billed by organisers as the first such event in India, attracted more than 250 people on Friday looking for employment with companies including Intel, Goldman Sachs and Uber ....
18:34 2019-07-12

Russia's Vostochny Bank capital fell below key threshold last month- c.bank Russia's central bank warned on Friday that Vostochny Bank's capital adequacy ratio briefly dipped below a critical level last month, a sign of balance sheet problems at the lender amid a battle for c...
18:34 2019-07-12

Johnson & Johnson to test experimental HIV vaccine in U.S., Europe Johnson & Johnson said on Friday it plans to conduct a late-stage study of its investigational vaccine for Human Immunodeficiency Virus (HIV) in several countries across the Americas and Europe, inclu...
18:34 2019-07-12

Airbus aims to sell more than 1,000 planes over 15 yrs in Latin America, Caribbean European planemaker Airbus SE plans to sell more than 1,000 new passenger planes in the next 15 years in Latin America and the Caribbean, meeting about half the demand expected in the region, an execu...
15:51 2019-07-12

REFILE-US STOCKS-Wall Street set to open higher on rate cut optimism Wall Street looked set to open higher on Friday, putting the three indexes on track to extend this week's strong run fueled by rising expectations of an interest rate cut this month....
15:51 2019-07-12

GRAPHIC-Take Five: G7 - deep in the Woods? LONDON, July 12 (Reuters) - 1/HAPPY BIRTHDAY, BRETTON WOODS! In July 1944 as World War Two raged, finance chiefs from the world's main trading nations met in Bretton Woods, New Hampshire....
15:51 2019-07-12

VW CEO says Ford will pay 'set by set' to use MEB Eelectric vehicle platform Ford CEO Hackett says Ford, Volkswagen will share data generated by self-driving software company Argo AI Volkswagen CEO Diess says revenues from electric cars produced in cooperation with Ford to rea...
15:51 2019-07-12

India's Infosys June-qtr profit rises 5%, beats estimates Infosys Ltd, India's No. 2 IT services firm, posted a 5.3% rise in June-quarter profit and raised its revenue forecast for the fiscal year as it bagged more business from its dominant North American ...
15:17 2019-07-12

Airbus pulls anniversary book over fraud probe concerns - sources Airbus has halted sales of a new book that the planemaker had commissioned for its 50th anniversary to avoid hampering the manufacturer's attempts to win a settlement in a bribery probe, two people fa...
15:17 2019-07-12

UPDATE 1-India's Infosys raises FY guidance as June-qtr profit beats estimates Infosys Ltd beat estimates for June-quarter profit and raised revenue forecast for the fiscal year, as India's No. 2 IT services firm bagged more business from its dominant North American and European...
15:17 2019-07-12

RPT-UPDATE 1-Brazil pension reform helps improve inflation outlook, says central bank chief Brazil Central Bank President Roberto Campos Neto on Thursday welcomed the approval by Congress of a landmark overhaul of the country's pension system, saying the reforms help create a benign outlook ...
15:17 2019-07-12

Industrial equipment maker Hillenbrand to buy Milacron in $2 bln deal Industrial equipment maker Hillenbrand Inc on Friday agreed to buy plastics-processing equipment maker Milacron Holdings Corp in a cash-and-stock deal valued at about $2 billion, including debt, the c...
15:17 2019-07-12

UPDATE 2-Brazil power firm Light confirms price offering at 18.75 reais per share Brazilian power company Light SA priced its shares at 18.75 reais ($4.99) per share in a primary and secondary offering that raised 2.5 billion reais ($665.57 million), the company said in a securitie...
15:17 2019-07-12

GLOBAL MARKETS-Shares flat as investors digest economic data, dollar dips for third day World shares came within a whisker of posting their first weekly loss since May on Friday and the dollar was down for a third day running, as even stronger than expected U.S. inflation failed to shake...
15:17 2019-07-12

UPDATE 1-Industrial equipment maker Hillenbrand to buy Milacron in $2 bln deal Industrial equipment maker Hillenbrand Inc on Friday agreed to buy plastics-processing equipment maker Milacron Holdings Corp in a cash and stock deal valued at about $2 billion, the companies said....
15:17 2019-07-12

US STOCKS-Futures push higher on rate cut optimism U.S. stock index futures rose slightly on Friday, with Wall Street looking set to extend this week's strong run after Federal Reserve Chairman Jerome Powell's dovish remarks boosted bets of an interes...
15:17 2019-07-12

VW investment vaults Argo into top ranks of self-driving firms Volkswagen AG's $2.6-billion investment in Ford Motor Co's Argo AI self-driving unit, announced on Friday, immediately vaults the two-year-old Pittsburgh-based startup into the top ranks in the sector...
15:17 2019-07-12

Ford, VW join forces on electric, autonomous cars Ford and Volkswagen joined forces to develop autonomous and electric cars on Friday and said they are looking at other areas of cooperation, deepening a global alliance to slash development and manufa...
15:17 2019-07-12

UK says it does not want to increase tension with Iran Britain is not seeking to escalate the situation with Iran, foreign minister Jeremy Hunt said on Friday, as tensions continue between London and Tehran over a seized Iranian tanker and the passage of ...
15:17 2019-07-12

Congo rules out using additional trial vaccines to combat Ebola GOMA, Democratic Republic of Congo, July 12 (Reuters) - C ongo will not permit the use of further experimental vaccines as it combats an Ebola outbreak because doing so risked "confusing the populatio...
15:17 2019-07-12

UPDATE 3-Air Canada flight diverted to Hawaii after turbulence, injuries reported An Air Canada flight was diverted on Thursday to Hawaii after severe turbulence left several passengers with minor injuries, the carrier said in a statement....
15:17 2019-07-12

EXPLAINER-What is at stake with Turkey's Russian air defence deal? Turkey took its first deliveries of the Russian S-400 air defence system on Friday, a development likely to trigger U.S. sanctions on Ankara and escalate tensions between Turkey and its Western partne...
15:17 2019-07-12

European shares flat, Daimler's profit warning knocks auto stocks European shares were little changed in early trade on Friday, as investors parsed through China trade data that came in at market open, an indicator of global economic growth, while a profit warning f...
12:17 2019-07-12

Italy beefed up 'golden power' with Chinese 5G vendors in mind - source Italy has beefed up its "golden power" over the private sector partly due to concerns over the potential involvement of Chinese firms Huawei Technologies and ZTE Corp in the development of 5G networks...
12:17 2019-07-12

Volkswagen to inject $2.6 bln into Ford unit Argo AI - source Carmaker Volkswagen will inject $2.6 billion into Ford's self-driving unit Argo AI at an overall valuation of $7 billion in the deal, a source close to the matter said on Friday....
12:17 2019-07-12

GLOBAL MARKETS-Shares flat as investors parse economic data, dollar dips for third day World shares came within a whisker of posting their first weekly loss since May on Friday and the dollar was down for a third day running, as even a stronger-than-expected U.S. inflation print failed ...
12:17 2019-07-12

UPDATE 3-Slimmed-down WPP to net $3.1 bln selling Kantar stake to Bain WPP is selling a 60% stake in Kantar to private equity firm Bain Capital, valuing the data analytics business at about $4 billion and giving the British owner of agencies including Ogilvy and Wunderma...
12:17 2019-07-12

GLOBAL MARKETS-Asian shares ease as Trump rekindles Sino-U.S. trade tensions Asian shares pulled back on Friday as worries over renewed Sino-U.S. trade tensions weighed on sentiment ahead of the release of June trade data from China, though expectations of a Federal Reserve ...
09:34 2019-07-12

UPDATE 3-Trump blasts Bitcoin, Facebook's Libra, demands they face banking regulations U.S. President Donald Trump on Thursday criticized Bitcoin, Facebook's proposed Libra digital coin and other cryptocurrencies and demanded that companies seek a banking charter and make themselves sub...
09:34 2019-07-12

UPDATE 1-Brazil pension reform helps improve inflation outlook, says central bank chief Brazil Central Bank President Roberto Campos Neto on Thursday welcomed the approval by Congress of a landmark overhaul of the country's pension system, saying the reforms help create a benign outlook ...
09:34 2019-07-12

UPDATE 2-Air China to buy 20 A350-900 wide-body aircraft from Airbus Air China Ltd , China's flagship carrier, will buy 20 A350-900 jets from Airbus SE, both companies said, bolstering the European planemaker's order book for wide-body jets against Boeing Co amid Sino-...
09:34 2019-07-12

UPDATE 2-Air Canada flight diverted to Hawaii after turbulence, injuries reported An Air Canada flight was diverted on Thursday to Hawaii after a sudden case of severe turbulence left 35 passengers with minor injuries, the carrier said in a statement....
09:34 2019-07-12

Nikkei flat; Yaskawa's weak earnings drag on machinery stocks Japan's Nikkei was flat on Friday morning with investors shifting their focus to corporate earning as weak profits from some firms such as Yaskawa Electric dragged on machinery stocks....
09:34 2019-07-12

REFILE-UPDATE 4-Trump rips tech firms at 'free speech' summit President Donald Trump welcomed prominent conservative social media provocateurs to the White House on Thursday and said that along with himself, they are being treated unfairly by big tech firms, whi...
09:34 2019-07-12

Morning News Call - India, July 12 To access a PDF version of this newsletter, please click here http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_07122019.pdf If you would like to receive this newsletter ...
09:34 2019-07-12

PRESS DIGEST- New York Times business news - July 12 The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy....
09:34 2019-07-12

UPDATE 5-Storm Barry cuts half U.S. Gulf Coast oil output, flooding fears close coastal refinery An intensifying tropical storm in the U.S. Gulf of Mexico on Thursday cut more than half the region's oil output, with energy companies evacuating staff from nearly 200 offshore facilities and a coast...
09:34 2019-07-12

U.S. to seek rollback of Indian tariffs-Indian govt source United States will seek rollback of Indian tariffs imposed on some agricultural products such as almonds when the two sides meet on Friday, a senior Indian government source told Reuters....
09:34 2019-07-12

UPDATE 2-Iran calls on Britain to release seized oil tanker immediately Iran called on Britain on Friday to immediately release an oil tanker that British Royal Marines seized last week on suspicion it was breaking European sanctions by taking oil to Syria, a foreign mini...
09:34 2019-07-12

UPDATE 1-Italy's economy minister hopes Atlantia will buy stake in Alitalia Italian Economy Minister Giovanni Tria said on Friday he hoped infrastructure group Atlantia would buy a stake in Alitalia, the troubled airline company the government is struggling to rescue....
09:34 2019-07-12

Nikkei edges up as Fast Retailing jumps; Yaskawa's earnings drag on machinery stocks Japan's Nikkei edged higher in choppy trade on Friday, helped by index heavyweight Fast Retailing, but weak profits from some firms such as Yaskawa Electric dragged on machinery stocks....
09:34 2019-07-12

UPDATE 1-Powell does not veer from signal that rate cuts are coming Federal Reserve Chair Jerome Powell indicated again on Thursday that an interest rate cut from the U.S. central bank is likely at its next meeting later this month as businesses slow investment due to...
21:51 2019-07-11

Fed-backed group outlines framework on SOFR-linked mortgages A financial industry group backed by the Federal Reserve and other U.S. government agencies released on Thursday a proposal on how the mortgage industry would adopt the usage of the Secured Overnight ...
21:51 2019-07-11

New 'Lion King' movie lands with a critical whimper The much-anticipated new version of animated movie classic "The Lion King" landed with a whimper rather than a roar on Thursday with critics hailing it as visually impressive but tame in terms of cha...
21:51 2019-07-11

UPDATE 1-Atlantia says to look into possibility of taking Alitalia stake Italian infrastructure group Atlantia said it would look into the possibility of buying a stake in ailing national airline Alitalia, but it looks unlikely that it will be ready by the government's dea...
21:51 2019-07-11

UPDATE 1-Air Canada flight diverted to Hawaii after turbulence, minor injuries reported An Air Canada flight was diverted on Thursday to Hawaii after a sudden case of severe turbulence left 35 customers with minor injuries, the carrier said in a statement....
21:51 2019-07-11

UPDATE 3-Intensifying storm cut half U.S. Gulf Coast oil output, closes coastal refinery An intensifying tropical storm in the U.S. Gulf of Mexico on Thursday cut more than half the region's oil output, with energy companies evacuating staff from nearly 200 offshore facilities and a coast...
21:51 2019-07-11

UPDATE 2-Ford, Volkswagen promise details on electric, autonomous vehicle alliance Ford Motor Co and Volkswagen AG said on Thursday they are expanding their global alliance announced in January with deals expected to involve collaboration on electric and autonomous vehicles....
21:51 2019-07-11

UPDATE 2-German minister pushing to resolve trade disputes with U.S. German Economy Minister Peter Altmaier on Thursday said he sees a 50-50 chance of averting U.S. auto tariffs, and that it will likely take weeks or months to resolve at least some of the thorny trade ...
21:51 2019-07-11

UPDATE 2-Intruders jump fence at U.S. nuclear reactor that uses bomb-grade fuel Two people jumped a security fence at a GE Hitachi research reactor near San Francisco, the U.S. nuclear power regulator said on Thursday, raising concerns over a plant that is one of the few in the c...
21:51 2019-07-11

EMERGING MARKETS-Latam currencies gain on Fed optimism, Brazil assets dip Latin American currencies were set to close higher on Thursday for a sixth straight session, taking cues from the U.S. Federal Reserve's dovish stance, while assets in Brazil underperformed as the eu...
21:51 2019-07-11

UPDATE 2-Trump meets conservatives at 'free speech' social media summit President Donald Trump met with prominent conservative social media figures on Thursday at a White House forum where he is set to reiterate frustrations with big tech firms for allegedly suppressing c...
21:51 2019-07-11

REFILE-UPDATE 4-French Senate approves tax as U.S. opens digital levy probe France's Senate gave final approval to a tax on big technology companies on Thursday, potentially opening up a new front in a trade row between Washington and the European Union....
16:51 2019-07-11

Brazil's reinsurer IRB confirms 2.3 bln share offering, shares fall Brazilian reinsurer IRB Brasil Resseguros SA said in a securities filing late on Wednesday that shareholders BB Seguridade Participações and the Brazilian Treasury will sell their stakes in the compan...
16:51 2019-07-11

Mexico president says to propose tax break for struggling state oil company The Mexican government will propose a reduction in the tax burden of heavily indebted state oil company Pemex in the nation's 2020 budget, President Andres Manuel Lopez Obrador said Thursday. (Reporti...
16:51 2019-07-11

US STOCKS SNAPSHOT-Wall St opens higher as technology stocks gain U.S. stocks opened higher on Thursday, lifted by technology stocks, extending a rally from the prior session that was powered by Federal Reserve Chairman Jerome Powell's comments that bolstered the ca...
16:51 2019-07-11

Storm threat shuts down U.S. coastal refinery, adding to offshore oil production losses Threatened flooding from a storm in the U.S. Gulf of Mexico that has cut nearly a third of the region's oil production has forced the shutdown of a coastal refinery, pushing oil and gasoline prices hi...
16:51 2019-07-11

UPDATE 1-Portugal to buy five Embraer military planes for 827 mln euros Portugal's government will buy five KC-390 military transport aircraft and a flight simulator from Brazilian aerospace company Embraer for 827 million euros ($932 million), Defence Minister Joao Gome...
16:51 2019-07-11

UPDATE 1-Trump defends use of Deutsche Bank, says bank has been 'maligned' U.S. President Donald Trump on Thursday defended his use of Deutsche Bank AG and said the German bank was being "badly written about and maligned," as congressional Democrats probe his finances....
16:51 2019-07-11

Brazil's Inter confirms hiring banks for follow-on offering - filing Brazil's Banco Inter SA has hired the investment banking units of Banco Bradesco SA, Goldman Sachs & Co, Banco BTG Pactual, JPMorgan Chase & Co, Banco Santander Brasil SA and Caixa Economica Federal t...
16:51 2019-07-11

UPDATE 1-Cargill fourth-quarter profit dives 41% on trade tensions, U.S. floods Commodities trader Cargill Inc reported a 41% slump in adjusted quarterly profit on Thursday, citing supply disruptions stemming from the U.S.-China trade war and also flooding in the central United S...
16:51 2019-07-11

UPDATE 2-Fiat bets on electric '500' as it moves on from Renault Fiat Chrysler (FCA) plans to invest 700 million euros ($788 million) in an electric makeover of its iconic Fiat 500, a top executive said on Thursday, as the automaker seeks to move on from its failed...
16:51 2019-07-11

UK refines Digital Sales Tax as more countries adopt levy Britain has altered its plan for a tax on the UK sales of online giants such as Google, Facebook and Amazon to prevent them from being double-taxed in cross-border transactions as other countries intr...
16:51 2019-07-11

CANADA STOCKS-TSX falls as materials drop on lower gold prices Canada's main stock index fell on Thursday, as shares of precious metal miners dropped after gold prices fell on a strong reading of inflation in the United States....
16:51 2019-07-11

U.S. House seeks documents from firms that run immigrant detention centers Lawmakers in the U.S. House of Representatives said on Thursday they have sent letters seeking documents and information from three companies responsible for detaining illegal immigrants arrested by U...
16:51 2019-07-11

EMERGING MARKETS-Latam currencies firm on Fed rate cut signals Latin American currencies rose on Thursday after comments from U.S. Federal Reserve chief Jerome Powell boosted the prospects of an interest rate cut this month, with Brazil's markets buoyed by optim...
16:51 2019-07-11

UPDATE 1-Storm threat shuts down U.S. coastal refinery, adding to offshore oil production losses Threatened flooding from a storm in the U.S. Gulf of Mexico that cut nearly a third of the region's oil production has forced the shutdown of a coastal refinery, pushing oil and gasoline prices higher...
16:51 2019-07-11

Facebook's Libra must be 'rock solid' before launch warns BoE's Carney Facebook's proposed Libra digital coin must show it is "rock solid" before it can be allowed to launch, Bank of England Governor Mark Carney said on Thursday....
16:51 2019-07-11

Danish cannabis firm quarantines more products from CannTrust Danish cannabis firm StenoCare said on Thursday it would quarantine more batches of cannabis oil from its partner CannTrust which has sold products from what Canada's federal health regulator called u...
14:34 2019-07-11

UK competition watchdog flags concerns on Live Nation-MCD merger Britain's competition watchdog said on Thursday the proposed takeover of Ireland-based MCD Productions by the joint venture owned by U.S.-based Live Nation raises competition concerns in the music pro...
14:34 2019-07-11

CORRECTED-FCA to invest 700 mln euros for new electric 500 model production Fiat Chrysler will invest an overall amount of 700 million euros ($788 million) to build a production line for the new electric version of the 500 model (BEV), a top group executive said....
14:34 2019-07-11

Delta Air quarterly profit surges 39% on higher fares Delta Air Lines Inc reported a 39.3% rise in quarterly profit on Thursday, as the second-largest U.S. carrier benefited from higher fares and flying fuller planes....
14:34 2019-07-11

American Eagle to start selling cannabis-based products this year American Eagle Outfitters Inc will start selling cannabidiol (CBD)-infused personal care products in the United States later this year, entering a fast-growing market for daily consumer goods made wit...
14:34 2019-07-11

HIGHLIGHTS-Bank of England's Carney speaks on Brexit, IMF job Bank of England Governor Mark Carney and other top officials from the central bank spoke to reporters on Thursday after the BoE published its Financial Stability Report which looks at risks to the eco...
14:34 2019-07-11

Packaging makers Schur, All4Labels put up for sale -sources European packaging makers Schur Flexibles and All4Labels have been put up for sale in separate auctions geared towards private equity buyers, people close to the matter said....
14:34 2019-07-11

UPDATE 1-Packaging makers Schur, All4Labels put up for sale - sources European packaging makers Schur Flexibles and All4Labels have been put up for sale in separate auctions geared towards private equity buyers, people close to the matter said....
14:34 2019-07-11

US STOCKS-Futures higher after rally on Powell's dovish remarks U.S. stock futures advanced on Thursday, a day after Wall Street's main indexes touched new highs after dovish comments from Federal Reserve chairman Jerome Powell cemented the case for an interest ra...
14:34 2019-07-11

RBC becomes first major bank to forecast BoE rate cut this year The Bank of England will be forced to cut interest rates this year because of rising risks to Britain from Brexit and global trade tensions, Royal Bank of Canada predicted, the first major bank to mak...
14:34 2019-07-11

REFILE-UPDATE 4-Reckitt to pay $1.4 bln to end opioid addiction treatment probes Reckitt Benckiser has agreed to pay up to $1.4 billion to end U.S. federal investigations into the marketing of an opioid addiction treatment by its former business Indivior, lifting a cloud that has ...
14:34 2019-07-11

German digital banking startup N26 makes U.S. foray German digital bank N26 is launching in the United States through a phased rollout of its app-based checking account and debit card, it said on Thursday....
14:34 2019-07-11

Trump says Deutsche Bank 'maligned' U.S. President Donald Trump in a tweet on Thursday said Deutsche Bank AG, which he has done business with, was being "badly written about and maligned."...
14:34 2019-07-11

Game on! Fiverr offers coaches for Fortnite, PUBG players Fiverr International Ltd is tapping into the phenomenal success of "Fortnite" and "PUBG" by hooking up players with online gaming experts, who will help them up their game while helping the company ma...
14:34 2019-07-11

Walgreens expands collaboration to tackle epinephrine shot shortage Walgreens Boots Alliance Inc said on Thursday it expanded its collaboration with Kaleo Inc, making the privately held company's epinephrine auto-injector available at the drugstore chain's pharmacies,...
14:34 2019-07-11

European shares break 4-day losing streak on Fed Powell's dovish remarks European shares rose on Thursday, breaking a four-day losing streak, after U.S. Federal Reserve Chair Jerome Powell cemented hopes of an interest rate cut this month, lifting stock markets worldwide....
10:17 2019-07-11

China says it and U.S. can find way to resolve trade issue China and the United States can find a way to resolve their trade dispute if legitimate concerns are taken into consideration, China's commerce ministry said on Thursday....
10:17 2019-07-11

WRAPUP-Britain says Iran attempted to block its oil tanker Three Iranian vessels tried to block the passage of a British ship through the Strait of Hormuz but withdrew after warnings from a British warship, the British government said on Thursday....
10:17 2019-07-11

UPDATE 1-DP World to issue at least $700 million in bonds and sukuk Port operator DP World plans to raise at least $700 million through conventional and Islamic bond issues on Thursday, documents issued by banks involved in the deal showed....
10:17 2019-07-11

TIMELINE-Iran's recent clashes with the West over Gulf shipping, nuclear plans Tensions between Iran and the West have escalated since U.S. sanctions on Iranian oil exports took full effect in May and British naval forces seized an Iranian supertanker....
10:17 2019-07-11

WRAPUP 2-Britain says Iran attempted to block its oil tanker Three Iranian vessels tried to block the passage of a British ship through the Strait of Hormuz but withdrew after warnings from a British warship, the British government said on Thursday....
10:17 2019-07-11

RPT-UPDATE 3-Norwegian Air CEO and co-founder Kjos quits top job Norwegian Air's Bjoern Kjos stepped down on Thursday as chief executive of the airline he co-founded and turned into Europe's third-biggest budget carrier by passenger numbers....
10:17 2019-07-11

India-U.S. trade talks to restart Friday amid few signs of a compromise India and U.S. trade negotiators will meet on Friday, with few signs of a compromise on a series of protectionist measures taken by the two governments in recent months that have strained ties between...
10:17 2019-07-11

CORRECTED-UPDATE 1-Dart Group profit rises as Britons book more holidays Dart Group, the owner of British airline and tour operator Jet2, reported higher annual pretax profit on Thursday as Britons booked more holidays and said it expected to meet market expectations for t...
10:17 2019-07-11

CORRECTED-Japan's SoftBank makes bet to challenge Brazil's concentrated banking sector Japan's SoftBank Group Corp has led a $231 million new financing round for Brazilian lending platform Creditas, valuing it at $750 million and funding a future expansion to other Latin American countr...
09:34 2019-07-11

JGB yields track Treasuries lower as Powell raises rate-cut hopes The benchmark 10-year Japanese government bond futures climbed on Thursday, after U.S. Federal Reserve Chairman Jerome Powell reinforced prospects for an interest rate cut later this month....
09:34 2019-07-11

Swiss watchdog fines car leasing companies $30 mln for collusion Swiss competition watchdog WEKO has fined eight car leasing companies a total of 30 million Swiss francs ($30.4 million) for swapping information on rates for years, it said on Thursday....
09:34 2019-07-11

PRESS DIGEST- New York Times business news - July 11 The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy....
09:34 2019-07-11

DP World markets new dollar sukuk, taps existing bond Port operator DP World started marketing 10-year U.S. dollar-denominated sukuk, or Islamic bonds, with an initial price guidance of around 230 basis points over mid-swaps, a document issued by one of ...
09:34 2019-07-11

UPDATE 1-Dart Group profit rises as Britons book more holidays Dart Group, the owner of British airline and tour operator Jet2, reported higher annual pretax profit on Thursday as Britons booked more holidays and said it expected to meet market expectations for t...
09:34 2019-07-11

GLOBAL MARKETS-Asia stocks rise, dollar sags as Fed chair sets stage for rate cut Asian stocks rose and the dollar sagged on Thursday after Federal Reserve Chair Jerome Powell reinforced prospects of a U.S. interest rate cut later this month....
07:34 2019-07-11

Australia backs Genex Power hydro project with $425 mln cheap loan The Australian government said on Thursday it would provide up to A$610 million ($425 million) in cheap financing for Genex Power Ltd to build a pumped hydro project to help stabilise the country's el...
07:34 2019-07-11

UPDATE 1-Lockheed Martin to keep Pennsylvania plant open at Trump's request Lockheed Martin Corp has decided to keep the Sikorsky helicopter plant in Coatesville, Pennsylvania, open after U.S. President Donald Trump pressed its chief executive to continue operations, the comp...
07:34 2019-07-11

UPDATE 4-Brazil pension overhaul bill wins by resounding margin in lower house Brazil's lower house of Congress approved a landmark overhaul of the country's pension system on Wednesday by a far wider margin than predicted, delivering a resounding victory to the government in it...
07:34 2019-07-11

PRESS DIGEST- British Business - July 11 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy....
07:34 2019-07-11

GLOBAL MARKETS-Asia stocks gain, dollar droops as Fed chair sets stage for rate cut Asian stocks gained and the dollar drooped on Thursday after Federal Reserve Chair Jerome Powell reinforced prospects of a U.S. interest rate cut later this month....
07:34 2019-07-11

Australian regulator threatens action on banks over past consumer insurance sales Australia's corporate regulator threatened on Thursday to prosecute some of the country's largest banks over their sales earlier this decade of consumer insurance products that it said had harmed cust...
07:34 2019-07-11

Morning News Call - India, July 11 To access a PDF version of this newsletter, please click here http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_07112019.pdf If you would like to receive this newsletter ...
07:34 2019-07-11

US STOCKS SNAPSHOT-Wall St gains ground on rate cut hopes The benchmark S&P 500 closed higher on Wednesday after briefly crossing the 3,000-point mark for the first time following dovish remarks from Federal Reserve Chairman Jerome Powell boosting the case f...
02:17 2019-07-11

Ticket resellers settle New York charges over inflated concert ticket prices Two companies in the ticket resale industry agreed to pay $1.55 million to settle a lawsuit by New York Attorney General Letitia James accusing them of tricking tens of thousands of people into buying...
02:17 2019-07-11

Ryanair says Boeing eyes MAX flights by Oct, cites 2020 growth risk Ryanair may have to trim plans to grow its capacity in the summer of 2020 if the grounded 737 MAX is not flying again by November because of the rate at which it needs to take new deliveries over the ...
02:17 2019-07-11

UPDATE 1-Canada's Bombardier to lay off 550 workers at Ontario rail plant Canada's Bombardier said on Wednesday it would lay off around half of the workforce, or about 550 employees, at its passenger train plant in Ontario, effective Nov. 4, confirming earlier media reports...
02:17 2019-07-11

REFILE-Privatization to dominate capital markets, M&A in Brazil this year The sale of state-owned assets is expected to drive M&A transactions and share offerings volume in Brazil in the second half of the year, bankers and investors said, after a slower-than-expected first...
02:17 2019-07-11

UPDATE 4-Amneal cuts forecast as epinephrine shot supply issues linger, shares slump 36% Shares of Amneal Pharmaceuticals Inc plunged 36% to an all-time low on Wednesday after the generic drugmaker cut its 2019 core earnings forecast due to supply uncertainties related to its epinephrine ...
02:17 2019-07-11

WRAPUP 2-Powell testimony, Fed meeting highlight case for 'insurance' A confidence shock driven partly by the U.S. trade war is at the center of an increasingly persuasive argument for Federal Reserve policymakers seriously considering cutting rates for the first time i...
02:17 2019-07-11

IBM proposes changes to law shielding internet firms from user content liability International Business Machines Corp proposed changes to a 1996 law that protects internet companies from liabilities related to what users post on their platforms....
02:17 2019-07-11

Societe Generale sued for $792 mln by heirs of Cuban bank seized by Castro The family of the former owners of a Cuban bank seized by Fidel Castro's government nearly six decades ago sued Societe Generale for approximately $792 million, saying the French bank owes damages for...
02:17 2019-07-11

UPDATE 2-U.S. to probe French plan to tax tech companies U.S. President Donald Trump on Wednesday ordered an investigation into France's planned tax on technology companies, a probe that could lead to the United States imposing new tariffs or other trade re...
02:17 2019-07-11

UPDATE 2-Gunmen massacre 18, including children, in Papua New Guinea attack Gunmen have massacred as many as 18 people including women and children in a remote village in Papua New Guinea, apparently the latest victims of a tribal feud, and Prime Minister James Marape vowed o...
02:17 2019-07-11

UPDATE 7-U.S. oil companies slash Gulf of Mexico production as storm bears down U.S. oil producers on Wednesday cut nearly a third of Gulf of Mexico crude output as what could be one of the first major storms of the Atlantic hurricane season threatened offshore oil production and...
02:17 2019-07-11

Lala, Lactalis end litigation, French group acquires Brazil dairy producer Itambe French and Mexican dairy groups Lactalis and Grupo Lala SAB de CV reached an agreement to end litigation in Latin America, allowing Lactalis to conclude the acquisition of Brazilian dairy producer Ita...
02:17 2019-07-11

UPDATE 2-Ryanair sees risk to 2020 growth if 737 MAX grounded beyond November The boss of Europe's Ryanair Holdings warned on Wednesday the impact of the prolonged grounding of Boeing Co's 737 MAX on the airline's growth plans may start to spill over to next summer if the airpl...
02:17 2019-07-11

EMBARGOED-Asia's spot LNG benchmark goes digital with launch of electronic platform Price agency S&P Global Platts and clearing house Intercontinental Exchange Inc said on Thursday they are launching an electronic platform known as eWindow to the liquefied natural gas (LNG) market....
02:17 2019-07-11

Post-Brexit tech brain drain worries half of businesses -survey Just over half of Britain's businesses believe the country is at risk of a brain drain after Brexit, with many worried in particular about a shortage of tech skills, according to research by cloud-bas...
02:17 2019-07-11

UPDATE 1-Lala, Lactalis end litigation, French group acquires Brazil dairy producer Itambe French and Mexican dairy groups Lactalis and Grupo Lala SAB de CV reached an agreement to end litigation in Latin America, allowing Lactalis to conclude the acquisition of Brazilian dairy producer Ita...
02:17 2019-07-11

UPDATE 1-Britain's national health service teams up with Amazon Britain's National Health Service is teaming up with Amazon to provide health information through the tech giant's voice assistant Alexa, the government said https://www.gov.uk/government/news/nhs-hea...
12:01 2019-07-10

UPDATE 1-UK Stocks - Factors to watch on July 10 Britain's FTSE 100 index is seen opening 10 points higher at 7,546 on Wednesday, according to financial bookmakers, with futures down 0.06% ahead of the cash market open....
12:01 2019-07-10

European shares slip ahead of U.S. Fed chief Powell's testimony European shares dipped in early trading on Wednesday ahead of U.S. Federal Reserve Chair Jerome Powell's two-day testimony where investors will closely watch for signs of an interest-rate cut later th...
12:01 2019-07-10

METALS-Base metals gain after 'constructive' U.S.-China phone call Nickel prices hit a three-month high on Wednesday, leading a wider rally in most base metals, following news that U.S. and Chinese trade officials marked a new round of talks with a "constructive" pho...
12:01 2019-07-10

UPDATE 1-GSK's Dovato suppresses AIDS virus at same levels of 3-drug regimen GlaxoSmithKline Plc's two-drug HIV regimen Dovato was successful in suppressing the AIDS-causing virus in patients for six months at the same level of a previous three-drug treatment in a late-stage s...
12:01 2019-07-10

Egyptian digital payments company Fawry preparing for IPO Egyptian digital bill payments company Fawry has begun preparing for a share offering on the country's stock exchange, Managing Director Mohamed Okasha said on Wednesday....
12:01 2019-07-10

TABLE-UAE's Fujairah oil inventory data for week ended July 8 Fujairah Oil Industry Zone on Wednesday published, via industry information service S&P Global Platts, the following weekly inventory data for oil products for the week ended July 8. Volumes are i...
12:01 2019-07-10

UPDATE 1-J D Wetherspoon comparable sales rise, but sees higher debt British pub operator J D Wetherspoon Plc on Wednesday reported a higher comparable sales for the 10 weeks to July 7 and tries to keep a tight lid on rising costs that plagued the entire sector....
12:01 2019-07-10

UPDATE 1-Egyptian digital payments company Fawry preparing for IPO Egyptian digital bill payments company Fawry has begun preparing for a share offering on the country's stock exchange, Managing Director Mohamed Okasha said on Wednesday....
12:01 2019-07-10

Tunisia starts marketing 7-year euro-denominated bond The Republic of Tunisia has started marketing a seven-year euro-denominated bond with an initial price guidance of around 6.875%, a document issued by one of the banks leading the deal showed on Wedne...
12:01 2019-07-10

KKR in talks to sell majority stake in French call centre operator Webhelp Private equity firm KKR & Co Inc said on Wednesday it is in talks to sell a majority stake in French call centre business Webhelp to Belgian investment firm Groupe Bruxelles Lamber for on an enterpris...
12:01 2019-07-10

GLOBAL MARKETS-Bond yields creep higher as markets wait for Fed signals Shares were treading water on Wednesday while rising Treasury yields kept the dollar steady, as investors waited to hear whether the world's most powerful central banker would confirm or confound expe...
12:01 2019-07-10

Bulgaria says reaches deal with US to buy F-16 aircraft NATO member Bulgaria has reached a deal with the United States to buy eight new F-16 fighter jets for its air force at a price of $1.256 billion, it said on Wednesday....
12:01 2019-07-10

METALS-Base metals rise on trade talk hopes, nickel at 3-month high Industrial metals prices rose on Wednesday after U.S. and Chinese negotiators opened a new round of talks, raising hopes of resolving a year-long trade war, with nickel reaching a three-month high....
12:01 2019-07-10

Indonesia's Pertamina sees 109,000 bpd crude purchase from oil contractors in H2 * Indonesian state energy company PT Pertamina may purchase around 109,000 barrels per day (bpd) crude from contractors of domestic oil fields in the second half of 2019, its spokeswoman told Reuters ...
08:51 2019-07-10

GLOBAL MARKETS-Asia shares count on Powell to stay accommodative Asian shares pulled ahead on Wednesday while rising Treasury yields lifted the dollar as investors waited anxiously to hear if the world's most powerful central banker would confirm or confound expect...
08:51 2019-07-10

J D Wetherspoon comparable sales rise 6.9% British pub operator J D Wetherspoon Plc on Wednesday reported a 6.9% rise in comparable sales for the 10 weeks to July 7 and a 6.6% increase in total sales....
08:51 2019-07-10

PRESS DIGEST- New York Times business news - July 10 The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy....
08:51 2019-07-10

Japanese shares dip on caution before Fed Powell's remarks Japan's Nikkei edged down on Wednesday, confined to a tight range as investors awaited key testimony on the U.S. economy from Federal Reserve Chairman Jerome Powell....
08:51 2019-07-10

British health service to partner with Amazon on health information Britain's National Health Service will partner with Amazon to provide health information through the tech giant's voice assistant Alexa, the country's Department of Health and Social Care said https:/...
08:51 2019-07-10

GSK's Dovato meets primary goal in late-stage HIV study British Drugmaker GlaxoSmithKline Plc on Wednesday said its two-drug HIV regimen Dovato was successful in suppressing the AIDS-causing virus in patients for 48 weeks at similar levels as the patients'...
08:51 2019-07-10

Corporate activist Elliott outspending rivals -Lazard data Elliott Management Corp, Paul Singer's $35 billion hedge fund, has outspent all rivals in pushing for corporate changes like spin-offs, mergers, and management overhauls this year....
07:51 2019-07-10

UK Stocks-Factors to watch on July 10 Britain's FTSE 100 index is seen opening 10 points higher at 7,546 on Wednesday, according to financial bookmakers. * KOM: Macquarie-backed MEIF 6 Fibre Ltd said on Tuesday it had offered 109...
07:51 2019-07-10

REFILE-UPDATE 4-U.S., Chinese negotiators hold 'constructive' phone talks on trade U.S. and Chinese trade officials held a "constructive" phone conversation on Tuesday, White House economic adviser Larry Kudlow said, marking a new round of talks after the world's two largest economi...
07:51 2019-07-10

Italy's Atlantia considers stake buy in carrier Alitalia - report Italy's infrastructure group Atlantia is considering to buy a 35-40% stake in troubled carrier Alitalia for an investment of around 300 million euros ($336.21 million), newspaper Il Sole 24 Ore report...
07:51 2019-07-10

UPDATE 2-Big Tech execs due on Capitol Hill next week for antitrust hearing Executives from Amazon.com Inc, Apple Inc, Facebook Inc and Alphabet's Google will testify before a House of Representatives congressional committee next week in a hearing to discuss the tremendous ma...
07:00 2019-07-10

GLOBAL MARKETS-Asia cautious as everything rides on dovish Powell Asian shares inched ahead on Wednesday while higher Treasury yields lifted the dollar as markets wondered if the world's most powerful central banker would confirm or confound expectations for U.S. po...
07:00 2019-07-10

UPDATE 2-U.S. House panel to authorize subpoenas for Trump aides The Democratic-led U.S. House Judiciary Committee will consider authorizing subpoenas this week to compel testimony from a dozen current and former Trump administration officials, including Jared Kush...
07:00 2019-07-10

UPDATE 4-U.S., Chinese negotiators hold 'constructive' phone talks on trade U.S. and Chinese trade officials held a "constructive" phone conversation on Tuesday, White House economic adviser Larry Kudlow said, marking a new round of talks after the world's two largest economi...
07:00 2019-07-10

RPT-UPDATE 2-Temasek grim on returns outlook after slowest portfolio gain in 3 years Singapore's Temasek Holdings posted the smallest rise in its portfolio in three years as key bank stock holdings declined in value, and the state investor said it was increasingly focusing new investm...
07:00 2019-07-10

PRESS DIGEST- British Business - July 10 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy....
07:00 2019-07-10

CORRECTED-UPDATE 2-Japan rebuffs Seoul's calls to scrap export curbs Japan pushed back on Tuesday against calls from South Korea to scrap curbs on some high-tech exports, ratcheting up tension in a decades-old diplomatic dispute that threatens to disrupt the global sup...
07:00 2019-07-10

NEWSMAKER-Forged by debt crises, Mexico's new finance minister takes charge in choppy waters Mexico's new finance minister Arturo Herrera is a pragmatic and respected policy maker who says he was inspired to study economics by the Latin American debt crisis that wrought financial chaos and wr...
07:00 2019-07-10

METALS-Base metals rally after U.S.-China "constructive" phone call Most base metals price rose on Wednesday, following news that U.S. and Chinese trade officials marked a new round of talks with a "constructive" phone conversation....
07:00 2019-07-10

Japan export curbs could be prolonged, says S.Korea's Moon South Korea's president said on Wednesday Japan's export curbs on key materials used by South Korean technology firms could be prolonged and Seoul will help companies reduce their reliance on Japanese...
07:00 2019-07-10

Nikkei down as market cautious before Powell's remarks; machinery stocks fall Japan's Nikkei edged lower in choppy trade on Wednesday as investors awaited key testimony on the U.S. economy from the Federal Reserve chief, while machinery shares fell on poor June orders....
07:00 2019-07-10

GLOBAL MARKETS-Asia shares cautious in case Powell closes rate door Asian shares turned mixed on Wednesday while rising Treasury yields lifted the dollar as markets wondered if the world's most powerful central banker would confirm or confound expectations for U.S. po...
07:00 2019-07-10

Morning News Call - India, July 10 To access a PDF version of this newsletter, please click here http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_07102019.pdf If you would like to receive this newsletter ...
07:00 2019-07-10

METALS-Nickel hits 3-month high after U.S.-China trade call Nickel prices hit their highest in three months on Wednesday, following news that U.S. and Chinese trade officials marked a new round of talks with a "constructive" phone conversation....
07:00 2019-07-10

African Markets - Factors to watch on July 10 The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday. - - - - - GLOBAL MARKETS Asia...
07:00 2019-07-10

UPDATE 3-Canadian oil companies see output cuts easing as rail capacity grows Major Canadian oil companies, which publicly disagreed over the Alberta government’s forced curtailments this year, are in lockstep over how to end the production limits and reinvigorate the battered ...
02:00 2019-07-10

UPDATE 1-France will end healthcare refunds for homeopathic drugs France will end social security reimbursements for homeopathic drugs and the new policy - which has drawn the fire of alternative medicine advocates - will take full effect in 2021, the healthcare min...
02:00 2019-07-10

Big tech execs headed to Capitol Hill for antitrust hearing next week Executives from Amazon.com Inc, Apple Inc, Facebook Inc and Alphabet's Google will testify before a House congressional committee next week in a hearing to discuss the tremendous market power wielded ...
02:00 2019-07-10

UPDATE 5-Richard Branson's Virgin Galactic to go public by year-end British billionaire Richard Branson will take Virgin Galactic public by year-end, giving it the much-needed funds to take on Jeff Bezos' Blue Origin in the race to space....
02:00 2019-07-10

UPDATE 4-Trump's blocking of Twitter critics unconstitutional -U.S. appeals court U.S. President Donald Trump violated the Constitution by blocking people whose views he disliked from his Twitter account, a federal appeals court ruled on Tuesday....
02:00 2019-07-10

UPDATE 1-Rice group set to take control of EQT board in proxy contest -source Brothers Toby and Derek Rice are on course to win control of EQT Corp's board of directors two years after having sold their own company, Rice Energy, to the natural gas producer, people familiar with...
02:00 2019-07-10

US STOCKS SNAPSHOT-S&P 500 ekes out gain as earnings worries loom The S&P 500 ended slightly higher on Tuesday as gains in tech-related shares offset fresh worries about the impact of the U.S.-China trade dispute on earnings....
01:17 2019-07-10

U.S. says Cheniere must do work on Louisiana Sabine LNG storage tanks U.S. energy and safety regulators told Cheniere Energy Inc on Tuesday the company had to take several steps before the agencies would authorize the return to service of two liquefied natural gas (LNG)...
01:17 2019-07-10

UPDATE 1-Brazil court convicts miner Vale for damages caused by deadly dam rupture A Brazilian state judge on Tuesday convicted mining company Vale SA for damages caused by the deadly rupture of a tailings dam in January that killed at least 240 people....
01:17 2019-07-10

UPDATE 2-Venezuela creditors push back on Guaido's debt restructuring plan Creditors holding Venezuelan debt on Tuesday pushed back on debt restructuring plans backed by opposition leader Juan Guaido, urging a "fair and effective" framework for talks and improved communicati...
01:17 2019-07-10

Rice group set to take control of EQT board in proxy contest -source Brothers Toby and Derek Rice are on course to win control of EQT Corp's board of directors two years after having sold their own company, Rice Energy, to the natural gas producer, a person familiar wi...
01:17 2019-07-10

Alimentation Couche-Tard quarterly profit falls 25% Alimentation Couche-Tard Inc reported a 25% fall in quarterly profit on Tuesday, as the convenience store operator was hit by lower fuel sales and higher expenses....
01:17 2019-07-10

UPDATE 1-Alimentation Couche-Tard profit misses on lower fuel sales Convenience store operator Alimentation Couche-Tard Inc missed analysts' estimates for quarterly profit on Tuesday, on lower fuel sales across North America and Europe as well as higher expenses....
01:17 2019-07-10

UPDATE 5-U.S. to approve sales it deems safe to blacklisted Huawei The U.S. government will issue licenses to companies seeking to sell goods to China's Huawei where there is no threat to national security, Commerce Secretary Wilbur Ross said on Tuesday, leaving indu...
01:17 2019-07-10

White House discussing renewing license for Chevron to operate in Venezuela The Trump administration is discussing the renewal of a license allowing Chevron Corp to continue operating in Venezuela despite U.S. sanctions on the country's oil sector, White House economic advise...
01:17 2019-07-10

UPDATE 2-Rice group set to take control of EQT board in proxy contest -sources Brothers Toby and Derek Rice are on course to win control of EQT Corp's board of directors two years after having sold their own company, Rice Energy, to the natural gas producer, people familiar with...
01:17 2019-07-10

UPDATE 1-White House discussing renewing license for Chevron to operate in Venezuela The Trump Administration is discussing whether to renew a license allowing Chevron Corp to continue operating in Venezuela despite U.S. sanctions on the country's oil sector, White House economic advi...
01:17 2019-07-10

UPDATE 3-U.S., Chinese negotiators hold 'constructive' phone talks on trade U.S. and Chinese trade officials held a "constructive" phone conversation on Tuesday, White House economic adviser Larry Kudlow said, marking a new round of talks after the world's two largest economi...
01:17 2019-07-10

Bombardier to lay off 550 workers at Thunder Bay, Ontario, plant -BNN Bloomberg Canada's Bombardier Inc is laying off half the 1,100 workers at its Thunder Bay, Ontario, railway car plant, BNN Bloomberg reported on Tuesday, citing a federal government source....
01:17 2019-07-10

NEWSMAKER-Mexico's new finance minister, believer in stability, takes charge of choppy economy Mexico's new finance minister Arturo Herrera is a pragmatic and respected policy maker who says he was inspired to study economics by the Latin American debt crisis that wrought financial chaos and wr...
01:17 2019-07-10

UPDATE 5-Trump's blocking of Twitter critics unconstitutional -U.S. appeals court U.S. President Donald Trump violated the Constitution by blocking people whose views he disliked from his Twitter account, a federal appeals court ruled on Tuesday....
01:17 2019-07-10

MIDEAST STOCKS-Banks lead most Gulf markets higher, Kuwait keeps rallying Major Gulf markets closed higher on Tuesday, mostly riding on banks after Egypt's EFG Hermes forecast a higher second-quarter profit for the Middle East's financial sector, while Kuwait continued to r...
16:51 2019-07-09

UK watchdog proposes to fine Marriott $124 mln for data breach Marriott International Inc said on Tuesday the UK Information Commissioner's Office (ICO) had proposed to fine the hotel chain 99.2 million pounds ($124 million) due to a massive data breach in its St...
16:51 2019-07-09

UPDATE 1-Aramco awards $18 bln in contracts to boost capacity at Marjan, Berri oilfields Saudi Aramco has awarded 34 contracts with a total value of $18 billion for engineering, procurement and construction projects at its Marjan and Berri oilfields, the company said....
16:51 2019-07-09

UPDATE 2-Richard Branson's Virgin Galactic to launch IPO by end of the year British billionaire Richard Branson's Virgin Galactic plans a stock market listing by the end of the year, becoming the first space tourism firm to tap public markets for funding....
16:51 2019-07-09

RPT-UPDATE 2-Richard Branson's Virgin Galactic to launch IPO by end of the year British billionaire Richard Branson's Virgin Galactic plans a stock market listing by the end of the year, becoming the first space tourism firm to tap public markets for funding....
16:51 2019-07-09

US STOCKS SNAPSHOT-Wall Street opens lower on trade war fallout concerns U.S. stocks opened lower on Tuesday, weighed down by worries over the impact of a protracted U.S.-China trade spat on company earnings and lowered expectations of a sharp interest rate cut later this ...
16:51 2019-07-09

Investors turn net short on U.S. bonds after jobs data - survey Bond investors were the most bearish on U.S. longer-dated government debt in nearly three months as a solid June payrolls report pared bets on a deep rate cut from the Federal Reserve later this month...
16:51 2019-07-09

JP Morgan to cut Venezuela weight to zero in key indexes over five months JP Morgan will reduce the weight of Venezuela's sovereign and PDVSA bonds to zero in its widely-tracked indexes, the bank said on Tuesday, adding the linear five-month phase out process would start on...
16:51 2019-07-09

UPDATE 2-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....
16:51 2019-07-09

Twenty-three U.S. states urge Trump to drop vehicle fuel-efficiency freeze Nearly two dozen U.S. state governors, including those of California and New York, urged the Trump administration on Tuesday to abandon a proposal to freeze fuel-efficiency standards at 2020 levels th...
16:51 2019-07-09

UPDATE 1-U.S. to provide licenses for sales to Huawei if national security protected The U.S. Department of Commerce will issue licenses to U.S. companies seeking to sell to Chinese telecoms equipment giant Huawei Technologies Co Ltd where there is no threat to national security, Comm...
16:51 2019-07-09

EMERGING MARKETS-Latam FX subdued as focus turns to Fed Most Latin American currencies made small moves against the dollar on Tuesday as investors awaited clues on U.S. monetary policy from the U.S. Federal Reserve officials. With financial markets clo...
16:51 2019-07-09

CANADA STOCKS-TSX falls as easing gold prices pressure materials sector Canada's main stock index fell for the third straight session on Tuesday, with the materials sector leading the declines as gold prices eased to a one-week low....
16:51 2019-07-09

U.S. appeals court says Trump cannot block Twitter followers A U.S. appeals court on Tuesday upheld a 2018 lower court ruling that said President Donald Trump could not block people from following him on Twitter....
16:51 2019-07-09

UPDATE 1-U.S. expects China to buy farm products during trade talks -Kudlow White House economic adviser Larry Kudlow on Tuesday said China was expected to move forward with agricultural purchases from the United States even as trade talks resumed between the two countries, w...
16:51 2019-07-09

UPDATE 3-PepsiCo's mini-sized sodas boost quarterly results PepsiCo Inc's quarterly revenue and profit beat Wall Street estimates on Tuesday, boosted by higher sales of its traditional Pepsi soda as well as snacks Lay's and Dorito chips....
16:51 2019-07-09

UPDATE 1-U.S. demands S.Korea improve competition hearing procedures The United States has urged South Korea to improve procedures in competition hearings led by the Asian country's fair trade agency, the Office of the U.S. Trade Representative (USTR) said on Tuesday....
15:00 2019-07-09

Russia's Transneft says it imposed limits on oil intake from Rosneft - RIA Russian oil pipeline monopoly Transneft has had to impose limits on oil intake from the country's largest oil producer Rosneft in July "after several warnings", RIA news agency reported on Tuesday....
15:00 2019-07-09

GLOBAL MARKETS-Stocks drop for third day, BASF warning stings Europe World stocks fell for a third straight day on Tuesday after a stinging warning from German chemicals giant BASF about the effects of the global trade war and as hopes dwindled of a hefty U.S. interest...
15:00 2019-07-09

IBM closes $34 billion deal to buy Red Hat International Business Machines Corp said on Tuesday it has closed its $34 billion acquisition of software company Red Hat Inc as it looks to ramp up its cloud computing business....
15:00 2019-07-09

China fines UniCredit AG unit $1.5 million for embezzlement China's banking and insurance regulator said on Tuesday it fined an onshore branch of Italy's UniCredit Bank AG 10.3 million yuan ($1.50 million) for embezzlement....
15:00 2019-07-09

BMW says it no longer builds engines for South Africa in the UK due to Brexit uncertainty German carmaker BMW no longer builds engines in Britain destined for South Africa, due to uncertainty around Brexit, the firm's production chief Oliver Zipse said on Tuesday....
15:00 2019-07-09

UPDATE 1-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....
14:17 2019-07-09

REFILE-UPDATE 1-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-...
14:17 2019-07-09

Northrop CEO Kathy Warden to assume additional role of chairman U.S. weapons maker Northrop Grumman Corp said on Tuesday Chief Executive Officer Kathy Warden will also serve as the company's chairman from Aug. 1, replacing Wes Bush, who will resign after being in ...
14:17 2019-07-09

Russia's Rosneft says it cuts oil output as Transneft curbs intake Russian largest oil producer Rosneft said on Tuesday its oil production had declined due to a decision by oil pipeline monopoly Transneft to reduce intake of oil due to a contaminated oil issue....
14:17 2019-07-09

Inspections ordered on some 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....
14:17 2019-07-09

Medallion Resources eyes U.S, Canada for rare-earth extraction plant Tiny Canadian company Medallion Resources Ltd said on Tuesday it was looking at sites in North America to develop a rare-earth extraction plant, as the prolonged U.S.-China trade war turns the spotlig...
14:17 2019-07-09

UPDATE 1-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....
14:17 2019-07-09

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....
14:17 2019-07-09

Novartis launches Adamis allergy shots in U.S. pharmacies amid EpiPen shortage A unit of Novartis AG said on Tuesday it would make partner Adamis Pharmaceuticals Corp's emergency allergy shots immediately available in local pharmacies across the United States, amid a shortage of...
14:17 2019-07-09

US STOCKS-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....
14:17 2019-07-09

UPDATE 3-U.S. judge strikes down Trump administration rule requiring drug prices in TV ads A federal judge on Monday dealt a blow to the Trump administration by striking down a new rule that would have forced pharmaceutical companies to include the wholesale prices of their drugs in televis...
08:17 2019-07-09

ANZ, Citi and Deutsche cartel case heads for 'bigger courtroom' in Australia A criminal cartel case against Australia and New Zealand Banking Group and the local units of Citigroup and Deutsche Bank was adjourned on Tuesday for further legal arguments ahead of a possible trial...
08:17 2019-07-09

UPDATE 2-U.S. State Department approves possible $2.2 billion arms sale to Taiwan The U.S. State Department has approved the possible sale to Taiwan of M1A2T Abrams tanks, Stinger missiles and related equipment at an estimated value of $2.2 billion, the Pentagon said on Monday, des...
08:17 2019-07-09

Japan's Nikkei gains as yen retreats, tech shares tumble Japan's Nikkei share average gained on Tuesday morning as a retreat in the yen helped to lift some exporters while Apple suppliers and other technology firms dropped, in step with Apple....
08:17 2019-07-09

METALS-Copper falls amid lack of progress on U.S.-China trade talks Copper prices on the London Metal Exchange fell on Tuesday, on track for a third straight decline, amid a lack of news on steps to settle a prolonged trade dispute between the United States and China....
08:17 2019-07-09

UPDATE 1-U.S. SEC defends pace of Volkswagen suit after emissions scandal The U.S. Securities and Exchange Commission (SEC) on Monday defended the pace of its investigation into Volkswagen AG after a judge asked why the agency waited two years after a global scandal related...
08:17 2019-07-09

Morning News Call - India, July 9 To access a PDF version of this newsletter, please click here http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_07092019.pdf If you would like to receive this newsletter ...
08:17 2019-07-09

METALS-Copper extends declines on bearish China demand Copper prices on the London Metal Exchange declined on Tuesday, poised for a third consecutive drop, on worries over lean demand for the ductile metal from top consumer China....
08:17 2019-07-09

U.S., China to relaunch talks with little changed since deal fell apart The United States and China are set to relaunch trade talks this week after a two-month hiatus, but a year after their trade war began there is little sign their differences have narrowed....
08:17 2019-07-09

Richard Branson's Virgin Galactic plans to go public - source Richard Branson's space-tourism venture, Virgin Galactic, is planning to go public as part of a deal with a special-purpose acquisition company (SPAC) created by Social Capital LP Chief Executive Offi...
08:17 2019-07-09

Qualcomm asks appeals court to pause antitrust ruling's impact Qualcomm Inc on Monday asked a U.S. appeals court to pause an antitrust ruling that could drastically alter its business model while it tries to overturn the ruling....
08:17 2019-07-09

PRESS DIGEST- New York Times business news - July 9 The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy....
08:17 2019-07-09

UPDATE 2-Japan rebuffs Seoul's calls to scrap export curbs Japan pushed back on Tuesday against calls from South Korea to scrap curbs on some high-tech exports, ratcheting up tension in a decades-old diplomatic dispute that threatens to disrupt the global sup...
08:17 2019-07-09

JGB prices drop on dampened Fed rate-cut bets, weak 5-year auction Japanese bond prices dropped for a second session on Tuesday as investors continued to unwind bets that the U.S. Federal Reserve will aggressively cut interest rates by 50 basis points this month....
08:17 2019-07-09

UPDATE 2-U.S. judge strikes Trump administration rule requiring drug prices in TV ads A federal judge on Monday dealt a blow to the Trump administration by striking down a new rule that would have forced pharmaceutical companies to include the wholesale prices of their drugs in televis...
03:51 2019-07-09

Mexican broadcaster Televisa posts 78.6% drop in net profit for second quarter Mexican broadcaster Televisa, the world's biggest producer of Spanish-language TV content, reported on Monday a 919.1 million peso ($47.9 million) net profit for the second quarter, down 78.6% from th...
03:51 2019-07-09

PRESS DIGEST- British Business - July 9 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy....
03:51 2019-07-09

GLOBAL MARKETS-Asian stocks hobbled by fading expectations for aggressive Fed rate cut Asian stocks struggled to rebound on Tuesday as investors came to terms with sharply reduced expectations the Federal Reserve will deliver a large interest rate cut at the end of July....
03:51 2019-07-09

UPDATE 1-Mexico's Televisa posts 78.6% drop in net profit on lower government spending Mexican broadcaster Televisa's net profit plunged by 78.6% in the second quarter, the company said on Monday, a consequence of reduced advertising spending by both the Mexican government and clients i...
03:51 2019-07-09

Alex Navab, former top KKR dealmaker, dies Alex Navab, who worked as a top dealmaker at KKR & Co Inc for more than two decades before starting his own private equity firm earlier this year, died on Sunday. He was 53....
01:17 2019-07-09

Women's World Cup final draws 14.3 mln U.S. viewers, but misses record More than 14 million Americans watched on television as the U.S. women's soccer team clinched their fourth World Cup title, broadcaster Fox said on Monday, but the TV audience failed to break records....
01:17 2019-07-09

UPDATE 1-U.S. State Department approves possible $2.2 billion arms sale to Taiwan The U.S. State Department has approved the possible sale to Taiwan of M1A2T Abrams tanks, Stinger missiles and related equipment at an estimated value of $2.2 billion, the Pentagon said on Monday, des...
01:17 2019-07-09

UPDATE 1-U.S. judge halts rule requiring drug prices in TV ads A federal judge on Monday blocked the Trump administration from implementing a new rule that would force pharmaceutical companies to include the wholesale prices of their drugs in television advertis...
01:17 2019-07-09

UPDATE 2-Saudi-led coalition says it foiled Red Sea ship attack, Houthis deny Naval forces from the Saudi-led coalition fighting in Yemen foiled an attempted attack on an unidentified commercial ship in the southern Red Sea on Monday by the Iran-aligned Houthis, which the group...
23:34 2019-07-08

Ontario's slow rollout of weed outlets could help black market Ontario has blamed a shortage of legal cannabis from the federal government for its slow rollout of retail outlets, a claim dismissed by the federal government and regulatory bodies from other provinc...
23:34 2019-07-08

GLOBAL MARKETS-Stocks fall on dimming prospects for sharp U.S. rate cut Stocks around the world fell on Monday after strong U.S. job gains tempered expectations the Federal Reserve will deliver a large interest rate cut at the end of July. U.S. equities...
23:34 2019-07-08

UPDATE 1-Juror urges U.S. judge to uphold $80 mln Roundup verdict against Bayer A juror who was part of a panel that delivered an $80 million award against Bayer AG after finding that its glyphosate-based weed killer Roundup caused a man's cancer has urged the presiding judge to ...
23:34 2019-07-08

Russia's Ural Airlines plans to get 1st Boeing-737 MAX in Dec - Interfax Russian airline Ural Airlines plans to receive the first of 14 previously ordered Boeing-737 MAX aircraft for leasing in December, Interfax news agency reported, citing its chief executive Sergei Skur...
23:34 2019-07-08

UPDATE 3-SunTrust to stop financing private U.S. prison operators SunTrust Banks Inc will stop financing operators of private prisons and immigration holding facilities, it said on Monday, becoming the latest lender to distance itself from a sector associated with t...
23:34 2019-07-08

EMERGING MARKETS-Latam forex gains, Bovespa hits new high on pension reform prospects Latin American stocks rose on Monday led by Brazil's Bovespa which scaled a record high on prospects that the country's pension reform bill will pass in the House of Representatives, while most curren...
23:34 2019-07-08

Brazil's Petrobras strikes deal with regulator to sell natgas assets -TV Brazilian state-owned oil firm Petroleo Brasileiro SA has reached an agreement with anti-trust regulator Cade to sell off a series of natural gas transportation and distribution assets, the GloboNews ...
23:34 2019-07-08

US STOCKS SNAPSHOT-Wall Street drops as Apple slumps, Fed eyed U.S. stocks fell on Monday as Apple Inc shares dropped following a broker downgrade and investors continued to weigh chances of an aggressive interest rate cut by the Federal Reserve later this month....
23:34 2019-07-08

GLOBAL MARKETS-Stocks slide on dimming prospects for sharp U.S. rate cut Stocks around the world fell on Monday after strong U.S. job gains tempered expectations the Federal Reserve will deliver a large interest rate cut at the end of July. U.S. equities resumed...
23:34 2019-07-08

UPDATE 2-Delaware chief justice to retire, leaves mark on U.S. takeover law Chief Justice of the Delaware Supreme Court Leo Strine will retire in the next few months, Governor John Carney announced on Monday, a leadership change in the court system that decides disputes for m...
23:34 2019-07-08

UPDATE 1-Brazil's Petrobras strikes deal with regulator to sell natgas assets Brazilian state-owned oil firm Petroleo Brasileiro SA has reached an agreement with anti-trust regulator Cade to sell off a series of natural gas transportation and distribution assets, the company sa...
23:34 2019-07-08