US Business

Linde says Praxair merger hits antitrust hurdle, talks continue

07h20 Linde said divestments needed to secure regulatory approval for its planned tie-up with Praxair have reached a size that would allow either party to abandon the deal, but added it was in constructive talks with. . .  Full story

Deal-hungry investment bankers walk Tesla tightrope

07h00 Tesla Inc Chief Executive Elon Musk's contemplated $72 billion take-private deal is presenting investments bankers with a dilemma: heed concerns about how feasible it is or risk missing out on what could be this. . .  Full story

In Kenmore sale, Sears' pension liabilities come back to bite

07h00 Sears Holdings Corp is facing a familiar foe in its bid to sell off the Kenmore appliances brand: the U.S. government body that oversees the pensions for the company's 100,000 retirees.. . .  Full story

Australia's Investa Office Fund gets sweetened Blackstone funds' buyout offer

06h27 The manager of Australia's Investa Office Fund said on Wednesday that two funds affiliated to Blackstone Group raised their offer to buy the real estate investment trust, making the deal potentially worth A$3.20 billion. . .  Full story

Wheat edges higher, steadies after steep fall

05h18 U.S. wheat futures edged higher on Wednesday, steadying after a steep fall in the previous session to an eight-day low on easing fears of a cut in Russian exports. Soybeans edged. . .  Full story

COLUMN-U.S. gasoline consumption flat, growth switches to diesel: Kemp

03h00 Rising fuel costs have dampened gasoline demand from private motorists in the United States, leaving the market relying on continued economic and freight expansion to boost oil use.. . .  Full story

Business groups urge Trump, Erdogan to meet as dispute hits investments

02h09 U.S.-Turkey business groups on Tuesday warned that a political dispute between the NATO allies was affecting investor confidence and had forced some firms to suspend investment plans.. . .  Full story

U.S. and Mexico put off NAFTA talks until Wednesday, autos eyed

02h07 U.S. and Mexican officials postponed ministerial talks aiming for a breakthrough in the revamp of the North American Free Trade Agreement (NAFTA) until Wednesday, although one member of the incoming Mexican government met U.S. officials. . .  Full story

At T. Rowe Price, top Tesla funds offer split views

01h22 With a volatile chief executive and a potential breakthrough product starting production, Tesla Inc is a challenging stock to hold.. . .  Full story

S&P 500 touches record high, equals longest-ever bull run

00h40 The benchmark S&P 500 touched a record high on Tuesday and equaled its longest-ever bull-market run, buoyed by strong earnings reports in the consumer sector and relative calm in the trade dispute between the. . .  Full story

Israel bans Juul e-cigarettes citing 'grave' public health risk

00h32 Israel on Tuesday outlawed the import and sale of e-cigarettes made by Silicon Valley startup Juul Labs, citing public health concerns given their nicotine content.. . .  Full story

Few thrills ahead for Trump from a Fed on a mission of its own

00h21 "Not thrilled" may become a regular state of mind for U.S. President Donald Trump in the months ahead, as the Federal Reserve is likely to press on with interest rate rises to recalibrate policy. . .  Full story

Mexico's new airport crucial for passenger growth -IATA

00h12 Mexico risks losing long-term passenger growth and billions of dollars if it fails to go through with building a new hub in the capital to alleviate congestion, an executive with the International Air Transport Association. . .  Full story

U.S. stock futures open lower after Cohen pleads guilty

00h05 U.S. stock futures opened lower late on Tuesday after U.S. President Donald Trump's former personal lawyer Michael Cohen pleaded guilty to campaign finance violations and other charges.. . .  Full story

Trump's EPA unveils weaker alternative to Obama power plant rule

21/08 The Trump administration on Tuesday proposed replacing a signature Obama-era policy to combat climate change with a weaker plan that would let states write their own rules on coal-fired power plants, prompting critics to warn. . .  Full story

NAFTA talks between U.S., Mexico 'making good progress' -Mexican official

21/08 Talks between U.S. and Mexican trade officials aimed at reaching an updated North American Free Trade Agreement (NAFTA) are "making good progress (and) coming to the end," the designated NAFTA negotiator for Mexico's incoming president. . .  Full story

The bull that will not die: S&P 500 back at a record after months on ice

21/08 After a seven-month stall, Wall Street's bull market looks back on track, thanks to Inc , Alphabet Inc and other high-flying technology and consumer discretionary companies.. . .  Full story

S&P touches record high, equals longest-ever bull run

21/08 The benchmark S&P 500 touched a record high on Tuesday and equaled its longest-ever bull-market run, as U.S. stocks rose on earnings reports in the consumer sector and relative calm in the trade dispute. . .  Full story

U.S. Senate vote on Russia sanctions unlikely in September -McConnell

21/08 Legislation warning Russia it would face heavy U.S. sanctions if it were found interfering in November's congressional elections will not be voted on anytime soon, Senate Majority Leader Mitch McConnell said on Tuesday, although he. . .  Full story

Russian firms, vessels hit with U.S. sanctions over N. Korea oil transfers

21/08 The United States on Tuesday announced sanctions on two Russian shipping companies and six vessels it said were involved in the transfer of refined petroleum products to North Korean vessels in violation of United Nations.. . .  Full story

Yields rise on risk appetite; Fed chair's remarks awaited

21/08 U.S. Treasury yields rose on Tuesday on improving risk appetite, though investors were keenly awaiting a speech by Federal Reserve Chairman Jerome Powell at the end of the week.. . .  Full story

Morgan Stanley halts research coverage of Tesla, shares rise

21/08 Brokerage Morgan Stanley has suspended equity coverage on Tesla Inc, hinting that the U.S. bank may be doing business directly with the company as it explores options to go private, pushing the electric carmaker's shares. . .  Full story

U.S. buyback announcements slow, but on track for $1 trillion - TrimTabs

21/08 U.S. companies' taste for their own shares is set to push buybacks past the $1 trillion-a-year mark for the first time as soon as November, TrimTabs Investment Research said, even as its latest data. . .  Full story

Russia calls new U.S. sanctions groundless, pledges response

21/08 Russian Deputy Foreign Minister Sergei Ryabkov said on Tuesday that new U.S. sanctions introduced over alleged hacking and illegal oil products supply to North Korea were groundless, promising a response from Moscow.. . .  Full story

TJX beats estimates as big discounts attract young shoppers

21/08 TJX Cos Inc reported a 6 percent rise in quarterly comparable-store sales on Tuesday, topping analysts' estimates as big discounts attracted more younger shoppers and generated the off-price retailer's 16th consecutive quarter of customer-traffic growth.. . .  Full story

Fed's Kaplan sees three or four more rate hikes, then a pause

21/08 With the U.S. economy at full employment and inflation at the Federal Reserve's 2 percent goal, the U.S. central bank should press on with its plan for gradual interest rate hikes at least for. . .  Full story

U.S., Mexico push for NAFTA autos deal, eye Canada's return

21/08 U.S. and Mexican trade ministers were set to resume talks over the North American Free Trade Agreement in Washington on Tuesday in a final push for a deal on autos that would open the. . .  Full story

Uber hires CFO after lengthy search, paving way for IPO

21/08 Uber Technologies Inc has hired a chief financial officer, the ride-services company said on Tuesday, filling a long-standing vacancy and clearing the way for a much-anticipated initial public offering next year.. . .  Full story

Kohl's forecast clouds solid quarterly results

21/08 Kohl's Corp on Tuesday posted quarterly earnings and same-store sales above analysts' estimates as it sold more apparel at full price, although the department store chain's tepid profit forecast sent its shares down more than. . .  Full story

Toll Brothers profit beats on robust demand for luxury homes

21/08 Toll Brothers Inc topped estimates for quarterly profit and revenue on strong demand for its luxury homes, sending its shares up 12 percent in early trading and pushing other homebuilder stocks higher.. . .  Full story

TSX gains as oil boost helps energy stocks

21/08 Canada's main stock index rose on Tuesday as a rally in oil prices pushed energy shares higher.. . .  Full story

Caspian pipeline consortium cuts CPC Blend export plan by 10 pct

21/08 The Caspian pipeline consortium (CPC) expects to pump about 60 million tonnes of CPC Blend <BFO-CPC> crude oil via the CPC pipeline this year, down from the previous plan for 67 million tonnes, the. . .  Full story

TSX opens higher as higher oil lifts energy shares

21/08 Canada's main stock index opened higher on Tuesday as a jump in oil prices boosted shares of energy companies.. . .  Full story

Russia cancels weekly OFZ bonds auction due to market volatility

21/08 Russia will not hold its regular weekly auction of government bonds on Wednesday due to a rapid increase in volatility on financial markets, the finance ministry said on Tuesday.. . .  Full story

Car-sharing startup Getaround raises $300 mln in funding led by SoftBank

21/08 Car-sharing startup Getaround Inc has raised about $300 million in the latest funding round led by Japan's SoftBank Group Corp, the San Francisco-based firm said on Tuesday.. . .  Full story

Lyft surpasses 5,000 self-driving rides with Aptiv fleet

21/08 Lyft has completed more than 5,000 self-driving rides through its ride-hailing app, the company said on Tuesday, as it aims to become a serious competitor in autonomous driving while its biggest rival, Uber, retrenches.. . .  Full story

China says won't resort to strong stimulus but will keep liquidity ample

21/08 China's central bank said on Tuesday that it will not resort to strong stimulus to support the slowing economy but will keep liquidity reasonably ample and offer more help to companies which are having. . .  Full story

U.S. gasoline consumption flat, growth switches to diesel: Kemp

21/08 Rising fuel costs have dampened gasoline demand from private motorists in the United States, leaving the market relying on continued economic and freight expansion to boost oil use.. . .  Full story

Foreign automakers oppose Trump NAFTA plan as U.S-Mexico talks resume

21/08 Foreign-brand automakers with U.S. plants do not support Trump administration rules to raise the amount of local content in North American-made vehicles, a group representing companies including Toyota Motor Corp , Volkswagen AG and Hyundai. . .  Full story

Norway wealth fund allowed to stay on as investor if Tesla goes private

21/08 Rules governing Norway's $1 trillion wealth fund would allow it to stay on as an investor in Tesla if the electric carmaker goes private, its deputy CEO said on Tuesday.. . .  Full story

China Biologic gets $3.9 bln offer from former CEO-led consortium

21/08 China Biologic Products Holdings Inc on Monday received a $3.9 billion all-cash offer from a consortium of investment firms, valuing the Beijing-based company at slightly above an earlier buyout proposal from a CITIC Capital unit.. . .  Full story

Iraq to ask U.S. for exemptions on some Iran sanctions

21/08 Iraq's economy is so closely linked to Iran that Baghdad is going to ask Washington for permission to ignore some U.S. sanctions on its neighbour, Iraqi government and central bank officials said.. . .  Full story

Oil Search profit slumps post-quake, focus on PNG LNG expansion talks

21/08 Australia's Oil Search Ltd reported a near 40 percent fall in half-year profit on Tuesday, but the drop was not as bad as feared after an earthquake in Papua New Guinea forced it to. . .  Full story

Trump doesn't expect much from China trade talks this week

21/08 U.S. President Donald Trump does not expect much progress from trade talks with China this week in Washington, he told Reuters on Monday.. . .  Full story

Korea Exchange says it checking Merrill Lynch trades because of public concerns

21/08 The Korea Exchange (KRX) said on Tuesday it was monitoring Merrill Lynch's Seoul operations after media reports and petitions regarding the investment bank's trades.. . .  Full story

U.S. tariffs cast a cloud over Huawei's solar electronics launch

21/08 Huawei Technology Co's coming U.S. launch of a solar-panel control device is expected to collide with new Trump administration tariffs on Chinese electronics, undermining a product that analysts had seen as challenging rivals on pricing.. . .  Full story

Australia's Healthscope to spin off hospitals as patient exodus hits profits

21/08 Australian hospital operator Healthscope, which recently rejected two takeover approaches, plans to inject A$1 billion ($731.6 million) of its property assets into a trust and sell nearly half of that to an investor.. . .  Full story

ConocoPhillips and Venezuela's PDVSA reach $2 bln settlement

21/08 U.S. producer ConocoPhillips and Venezuela's PDVSA have reached a payment agreement over a $2 billion arbitration, the companies said on Monday, suspending a dispute that blocked the state-run company from exporting oil from most of. . .  Full story

China defies U.S. pressure as EU parts ways with Iranian oil

21/08 China, seeking to skirt U.S. sanctions, will use oil tankers from Iran for its purchases of that country's crude, throwing Tehran a lifeline while European companies such as France's Total are walking away due to. . .  Full story

FINRA fines Interactive Brokers $5.5 mln for short selling violations

21/08 The Financial Industry Regulatory Authority (FINRA) has fined a unit of Interactive Brokers Group Inc $5.5 million for violating several naked short selling rules over a period of at least three years.. . .  Full story

Wheat eases on ideas of Russian exports, long liquidation

20/08 U.S. wheat futures fell 3 percent on Monday on expectations of a pickup in Russian wheat exports in the next few months as shippers try to get ahead of potential export curbs, traders said,. . .  Full story

Interactive Brokers fined $5.5 mln for breaking short selling rules - WSJ

20/08 A unit of Interactive Brokers Group Inc has been fined $5.5 million by the Financial Industry Regulatory Authority (FINRA), the Wall Street Journal reported on Monday.. . .  Full story

Trump does not anticipate much from China trade talks this week

20/08 U.S. President Donald Trump does not expect much progress from trade talks with China this week in Washington, he told Reuters on Monday.. . .  Full story

Wall St rises on trade optimism, pares gains after Trump Fed comments

20/08 Wall Street's major indexes rose on Monday on optimism over trade talks between the United States and China, though they fell from session highs after President Donald Trump criticized the Federal Reserve's raising interest rates.. . .  Full story

U.S. offers 11 mln barrels of oil for sale from strategic reserve

20/08 The U.S. Department of Energy (DOE) is offering 11 million barrels of oil for sale from the nation's Strategic Petroleum Reserve (SPR) ahead of sanctions on Iran that are expected to reduce global supplies. . .  Full story

ConocoPhillips, Venezuela's PDVSA reach $2 bln settlement

20/08 U.S. producer ConocoPhillips and Venezuela's PDVSA have reached a payment agreement on a $2-billion arbitration award, the companies said, suspending a dispute that blocked the state-run firm from exporting oil from most of its key. . .  Full story

U.S. firms warn next China tariffs to cost Americans from cradle to grave

20/08 U.S. businesses have a message for the Trump administration: New tariffs on $200 billion of Chinese imports will force Americans to pay more for items they use throughout their daily lives, from cradles to first. . .  Full story

Yields at six-week lows with Fed in focus

20/08 U.S. Treasury yields fell to six-week lows on Monday as investors waited on minutes from the Federal Reserve's August meeting on Wednesday and a speech by Fed Chairman Jerome Powell on Friday.. . .  Full story

U.S. health secretary says agency can eliminate drug rebates

20/08 U.S. Health and Human Services Secretary Alex Azar said it was within his agency's power to eliminate rebates on prescription drug purchases, a key element of the Trump administration's plan to lower prescription medicine costs.. . .  Full story

Fed's Bostic still expects one more rate increase in 2018

20/08 Atlanta Federal Reserve Bank President Raphael Bostic said on Monday he is maintaining his expectation for one more interest rate hike this year, as trade tensions and international events add some downside risk to an. . .  Full story

Fed's Bostic expects one more interest rate hike in 2018

20/08 Atlanta Federal Reserve Bank President Raphael Bostic said on Monday he is sticking with his expectation of one further interest rate increase this year as recent global events add some downside risk to a. . .  Full story

-China Biologic gets $3.9 bln offer from former CEO-led consortium

20/08 China Biologic Products Holdings Inc on Monday received a $3.9 billion all-cash offer from a consortium of investment firms led by the company's former chief executive David Gao.. . .  Full story

Iran tells EU to speed up efforts to save nuclear deal

20/08 Iran urged Europe on Monday to speed up efforts to salvage a 2015 nuclear deal between Tehran and major powers that U.S. President Donald Trump abandoned in May, saying French oil group Total has. . .  Full story

Total tells Iran it's quitting South Pars gas project

20/08 French oil and gas major Total confirmed on Monday that it had notified the Iranian authorities of its withdrawal from the multibillion dollar South Pars gas project after it failed to obtain a waiver. . .  Full story

Tesla nears 3-month low as JPMorgan adds to deal doubts

20/08 Tesla Inc shares fell nearly 4 percent on Monday as a $113 cut in JPMorgan Chase's price target for the electric carmaker added to growing doubts among market players about a plan to take. . .  Full story

TSX edges higher as rising metal prices lift materials stocks

20/08 Canada's main stock index rose on Monday as rising metal prices led to gains in material stocks, with hopes of resolution in the U.S.-China trade dispute boosting the sentiment.. . .  Full story

TSX flat at open as energy shares drag

20/08 Canada's main stock index opened flat on Monday as weakness in energy shares offset gains in materials sector, which was supported by higher gold prices.. . .  Full story

Anthem ties-up with Walmart for over-the-counter drugs

20/08 Anthem Inc said on Monday it has partnered with Walmart Inc to launch a program in January 2019 that will allow its Medicare Advantage plan customers to purchase over-the-counter medications from the retailer's stores and. . .  Full story

Nissan to boost China production capacity by 40 pct, source says

20/08 Japan's Nissan Motor Co plans to invest about $900 million to boost vehicle-making capacity in China by 40 percent by 2021 - part of a 60 billion yuan ($8.73 billion) strategy to become a. . .  Full story

With record in view, aging U.S. bull market may still be frisky

20/08 Why settle for nine-and-a-half years when you can do an even 10 or better? That’s the thinking of a lot of investors measuring whether a historically long run in U.S. stocks still has legs.. . .  Full story

Bull market beliefs: Stock experts differ on market cycles

20/08 As Wall Street prepares on Wednesday to celebrate the current U.S. bull stock market becoming the longest in history, some investors are keeping corks in their champagne bottles.. . .  Full story

Heatwaves, rains may become more severe as weather stalls-study

20/08 Scorching summer heatwaves and downpours are set to become more extreme in the northern hemisphere as global warming makes weather patterns linger longer in the same place, scientists said on Monday.. . .  Full story

Taiwan's July export orders show solid growth on tech demand

20/08 Taiwan's export orders grew faster than expected in July, thanks to still-solid demand for electronic gadgets despite worries about global growth because of the trade disputes between the United States and China.. . .  Full story

China shifts to Iranian tankers to keep oil flowing amid U.S. sanctions - sources

20/08 Chinese buyers of Iranian oil are starting to shift their cargoes to vessels owned by National Iranian Tanker Co (NITC) for nearly all of their imports to keep supply flowing amid the re-imposition of economic. . .  Full story

-China, U.S. to hold lower-level trade talks in late August

20/08 China and the United States will hold lower-level trade talks this month, the two governments said on Thursday, offering hope that they might resolve an escalating tariff war that threatens to engulf all trade. . .  Full story

China's Sany Group plans $2 bln spin-off, taps PE firms -sources

20/08 China's leading heavy machinery maker Sany Group plans to spin off four business units and is looking to rope in private equity (PE) firms as investors for the deal that could fetch a total. . .  Full story

EXCLUSIVE-U.S. tech giants plan to fight India's data localisation plans

20/08 U.S. technology giants plan to intensify lobbying efforts against stringent Indian data localisation requirements, which they say will undermine their growth ambitions in India, sources told Reuters.. . .  Full story

Volkswagen Mexico agrees 5.5 pct salary hike for workers -union

20/08 German carmaker Volkswagen AG has agreed to a 5.5 percent salary increase for workers in Mexico and another raise for next year, the company's Mexican union said, averting a potential strike.. . .  Full story

Saudi PIF in talks to invest in aspiring Tesla rival Lucid -sources

19/08 PIF, the Saudi Arabian sovereign wealth fund that Tesla Inc CEO Elon Musk has said could help him fund a $72 billion deal to take his electric car maker private, is in talks to. . .  Full story

Wall St Week Ahead-Chinese internet stock sell-off may shake faith in FANGs

19/08 A steep downturn in heavyweight Chinese internet stocks and recent weakness in half of the so-called FANG group have some investors worried that a key component of Wall Street's near-decade long rally may be. . .  Full story

China buys over 36 mln T South American soybean in May-August -Xinhua

19/08 -- Source link: --China bought over 36 million tonnes of soybeans from South American countries during the May-August period this year, state-owned Xinhua News reported on Sunday, adding that more purchases will be made. . .  Full story

INSIGHT-U.S. missionary thrust to the centre of Turkey-U.S. crisis

19/08 When Andrew Brunson saw a police summons on his door in late summer 2016, the U.S. evangelical pastor thought it was a routine appointment to sort out his residency papers in Turkey, his home. . .  Full story

VW's CEO was told about emissions software months before scandal - Der Spiegel

18/08 Volkswagen Chief Executive Herbert Diess was told about the existence of cheating software in cars two months before regulators blew the whistle on a multi-billion exhaust emissions scandal, German magazine Der Spiegel said.. . .  Full story

U.S. missionary thrust to the centre of Turkey-U.S. crisis

18/08 When Andrew Brunson saw a police summons on his door in late summer 2016, the U.S. evangelical pastor thought it was a routine appointment to sort out his residency papers in Turkey, his home. . .  Full story

U.S. tech giants plan to fight India's data localisation plans

18/08 U.S. technology giants plan to intensify lobbying efforts against stringent Indian data localisation requirements, which they say will undermine their growth ambitions in India, sources told Reuters.. . .  Full story

Iran anti-money laundering law faces challenge as deadline looms

18/08 A top Iranian constitutional body has demanded changes to anti-money laundering measures passed by parliament, state-run media said on Saturday, as Tehran nears a deadline to pass legislation to help it attract investment while facing. . .  Full story

Indonesia's Go-Jek close to profits in all segments, except transport -CEO

18/08 Go-Jek, Indonesia's first billion-dollar startup, is "extremely close" to achieving profitability in all its segments, except transportation, its founder and CEO Nadiem Makarim told Reuters.. . .  Full story

Mexico's Grupo Industrial Saltillo eyes auto parts expansion in Europe

18/08 Mexican conglomerate Grupo Industrial Saltillo SAB de CV is considering more acquisitions in Europe to expand its auto parts division, its top executive told Reuters.. . .  Full story

Walmart asks some beauty suppliers to consider sourcing outside of China

17/08 Walmart Inc has asked some beauty suppliers to consider sourcing products from outside China, as it looks for ways to mitigate the impact of a new set of tariffs on Chinese products proposed by. . .  Full story

USTR doubles length of tariff hearing on $200 bln of China goods

17/08 The U.S. Trade Representative's office said on Friday it doubled the length of tariff hearings on the next $200 billion worth of Chinese goods to six days from the previously planned three due. . .  Full story

Next Mexico gov't postpones airport decision, seeks public input

17/08 Mexico's incoming government on Friday postponed a decision on whether to complete a new Mexico City airport, saying the public should be consulted on the fate of the $13 billion-dollar hub, which the next. . .  Full story

Wall St rises on upbeat trade news

17/08 U.S. stocks closed higher on Friday, with the S&P 500 and the Dow Jones Industrial Average extending gains and the Nasdaq turning positive on reports of progress in tariff disputes between the United States. . .  Full story

Tesla stock sinks after Musk gives tearful NYT interview

17/08 Tesla Inc's shares slumped 9 percent on Friday after Chief Executive Officer Elon Musk told the New York Times he was under major emotional stress and was preparing for "extreme torture" from short sellers.. . .  Full story

Trump backs CEOs, proposes easing corporate reporting rules

17/08 U.S. President Donald Trump asked securities regulators to explore replacing quarterly reporting requirements with half-yearly filings at the urging of executives including PepsiCo Chief Executive Indra Nooyi, reigniting a debate about how often companies should. . .  Full story

Kill quarterly reporting? Some investors ring alarm bells

17/08 Less reporting by U.S. corporations could put shareholders in the dark, allow companies to drift off course and even make U.S. stocks less attractive and create less public company investment, some investors and analysts argue.. . .  Full story

Investors query funding costs at a private Tesla

17/08 Several Tesla Inc shareholders have told Reuters they are concerned that the electric car maker will have to pay more to fund its growth if it becomes a private company and loses the ability. . .  Full story

U.S. oil drilling rig count holds steady this week -Baker Hughes

17/08 U.S. energy companies kept the oil rig count unchanged this week amid a steady decline in crude prices, which hit a near two-month low earlier this week.. . .  Full story

Shares in Mexico's Coke FEMSA jump after Philippines sale

17/08 Shares in Mexico's Coca-Cola FEMSA, the world's biggest coke bottler, jumped more than five percent on Friday after it said it would sell its 51 percent stake in Coca-Cola FEMSA Philippines back to the Coca-Cola. . .  Full story

Deere is optimistic about U.S. farm economy, misses profit estimate

17/08 Deere & Co on Friday offered an optimistic forecast for the U.S. farm economy amid an escalating tariff war with China and other big trade partners as its quarterly profit missed estimates on higher. . .  Full story

It will be tough for Trump's SEC to overhaul reporting rules

17/08 U.S. President Donald Trump said Friday that he wanted the Securities and Exchange Commission (SEC) to explore doing away with quarterly corporate reports, replacing them with filings every six months.. . .  Full story

U.S. consumer sentiment hits 11-month low, inflation in focus

17/08 U.S. consumer sentiment fell to an 11-month low in early August, with households expressing concerns about the rising cost of living, potentially signaling a slowdown in consumer spending.. . .  Full story

Panama, U.S. to sign pact to expand regional access to LNG

17/08 Panama on Friday will sign an agreement with the U.S. Treasury and Energy departments aimed at paving the way for more private investment to expand the importation and distribution of U.S. liquefied natural gas. . .  Full story

Uber to push further into East Africa with services like Chap Chap

17/08 Uber the global ride-hailing company, is considering expanding into two other East African countries before the end of 2018, focusing on low cost services like Chap Chap in Kenya, the company said on Friday.. . .  Full story