US Business

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

Uber opens Brazil center to improve driver, passenger safety

17/08 Ride-hailing company Uber Technologies Inc plans to open a 250 million reais ($64 million) center in Brazil to develop technology to improve safety for its riders and drivers, including for drivers to accept cash, a. . .  Full story

Tesla shares sink after analysts warn on Model 3 margins, Musk interview

17/08 Tesla Inc's shares slumped 8 percent on Friday after Chief Executive Elon Musk told the New York Times his tweet about taking the company private was not reviewed by anybody, and a brokerage raised. . .  Full story

TSX lower after inflation data bolsters case for rate hike

17/08 Canada's main stock index slipped on Friday after a much stronger-than-expected inflation data bolstered expectations of an interest rate hike as early as next month.. . .  Full story

TSX slips at open after inflation data

17/08 Canada's main stock index fell on Friday, led by financial stocks as investors gauged the much stronger-than-expected inflation data for pace of interest rate hikes by the Bank of Canada.. . .  Full story

Gemfields shares fall after Zambia tax authority issues search warrants

17/08 Gemfields' shares fell more than 4 percent on Friday after it said that Zambia's Revenue Authority (ZRA) had obtained warrants to search its Kagem emerald mine in an investigation into alleged. . .  Full story

Nordstrom shares climb as e-commerce sales boost quarterly results

17/08 Nordstrom Inc's shares surged over 9 percent on Friday, a day after its quarterly same-store sales numbers trounced Wall Street estimates, leaving analysts impressed with the upscale retailer's online channels and its clear inventories.. . .  Full story

First crack at Musk could give top Tesla funds an edge

17/08 Information about Elon Musk's efforts to take Tesla Inc private is scarce. But some small investors wonder if top funds have an edge.. . .  Full story

Wage growth puzzle on next week's Jackson Hole agenda

17/08 Federal Reserve Chair Jerome Powell and other central bankers meeting in Grand Teton National Park next week plan a deep dive into the root causes of stubbornly low inflation, slow wage growth and tepid. . .  Full story

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

17/08 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

India's palm oil imports set to hit 6-year low -industry official

17/08 India's palm oil imports are likely to fall 15 percent in 2017/18 from the year before to their lowest in six years, hit by a hike in import taxes, a weaker rupee and tighter. . .  Full story

Pressure mounts on Trump to deliver for Iowa ahead of elections

17/08 Warren Bachman, a 72-year-old Iowa soybean farmer, is one of many who turned Clarke County into Donald Trump country, as the Republican president took 61 percent of the votes in 2016 in a county. . .  Full story

U.S. approves Cheniere bid to feed first gas to Texas LNG plant

17/08 The U.S. energy regulator has approved a request by Cheniere Energy to feed the first gas into its new liquefied natural gas (LNG) facility in Corpus Christi, Texas, marking the beginning of a commissioning. . .  Full story

GRAPHIC-Falling offshore T-bond holdings highlight U.S. cash repatriation

17/08 Dollars are going home. In low-tax jurisdictions from Ireland to the Bahamas, the stock of Treasury bond holdings is down $22 billion this year in a sign U.S. companies are repatriating cash held offshore. . .  Full story

Whistleblower accuses Tesla of spying on employees at Gigafactory -attorney

17/08 An employee fired from Tesla Inc's Nevada battery factory filed a whistleblower complaint with the U.S. Securities and Exchange Commission, accusing the company of spying on employees and failing to act after learning that a. . .  Full story

COLUMN-Fuel markets confirm global growth slowdown: Kemp

17/08 If the global economy starts to grow more slowly, the impact will show up first in the price of refined fuels such as road diesel, marine gasoil and jet fuel that play a central. . .  Full story

Encouraged by online sales, Nordstrom raises full-year profit forecast

17/08 Upscale department store Nordstrom Inc saw its shares soar as much as 14 percent in after-hours trading on Thursday, after reporting better-than-expected quarterly same-store sales growth, as more people shopped at its online stores.. . .  Full story

U.S. senators pledge to fight Trump push to cut aid funding

17/08 Leaders from both parties on a powerful Senate committee vowed on Thursday to push back if President Donald Trump moves ahead with plans to bypass Congress and roll back billions of dollars from the. . .  Full story

USTR Lighthizer eyes NAFTA 'breakthrough,' Mexico urges flexibility

16/08 U.S. Trade Representative Robert Lighthizer on Thursday expressed hope a breakthrough could be made in coming days on reworking the NAFTA trade deal, though his Mexican counterpart said flexibility was needed to reach agreement.. . .  Full story

Soybeans climb as U.S., China plan to restart trade talks

16/08 U.S. soybean futures climbed to one-week highs on Thursday as plans for Beijing and Washington to hold fresh trade talks raised hopes for U.S. soy sales to China after being stalled by a tariff. . .  Full story

SEC pressing Tesla directors for details on communications with Musk - WSJ

16/08 Federal regulators are pressing Tesla Inc's directors for details on how much information Chief Executive Elon Musk shared with them before he tweeted last week about a potential deal to take the company private, the. . .  Full story

Wall St rallies on solid earnings, U.S.-China trade talks

16/08 U.S. stocks rebounded on Thursday with the Dow posting its biggest percentage gain in over four months, as positive earnings and waning trade jitters buoyed investor confidence.. . .  Full story

U.S. senators pledge to fight Trump push to cut foreign aid

16/08 Leaders from both parties on a powerful U.S. Senate committee pledged on Thursday to push back if President Donald Trump moves ahead with plans to bypass Congress and roll back billions of dollars from. . .  Full story

Air France-KLM appoints first foreign CEO over union objections

16/08 Air France-KLM named Air Canada executive Benjamin Smith as its new boss on Thursday, opting for an outsider to steer the airline group through a fraught stand-off with unions at its French carrier.. . .  Full story

U.S. FDA approves Teva's generic of Mylan's EpiPen

16/08 The U.S. Food and Drug Administration on Thursday approved Teva Pharmaceutical Industries Ltd's generic version of Mylan NV's life-saving allergy injection, EpiPen, at a time when regulators are looking to lower healthcare costs.. . .  Full story

Yields higher as China trade talks boosts risk taking

16/08 U.S. Treasury yields rose on Thursday after reports of new trade talks between the United States and China boosted risk appetite and reduced demand for safe-haven bonds.. . .  Full story

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

16/08 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

U.S. seed sellers push for limits on Monsanto, BASF weed killer

16/08 America's two biggest independent seed sellers, Beck's Hybrids and Stine Seed, told Reuters they are pushing U.S. environmental regulators to bar farmers from spraying dicamba weed killer during upcoming summers in a potential blow to. . .  Full story

Top U.S. trade official hopes for NAFTA 'breakthrough' in days

16/08 U.S. Trade Representative Robert Lighthizer on Thursday said he hopes there will be a breakthrough in NAFTA trade talks in the next few days, as the U.S. bilateral discussions were under way with Mexico. . .  Full story

Falling offshore T-bond holdings highlight U.S. cash repatriation

16/08 Dollars are going home. In low-tax jurisdictions from Ireland to the Bahamas, the stock of Treasury bond holdings is down $22 billion this year in a sign U.S. companies are repatriating cash held offshore. . .  Full story

U.S., Chinese officials' trade talks will be on Aug. 22-23 -WSJ

16/08 Lower-level trade talks between U.S. and Chinese officials will take place on August 22 and 23, the Wall Street Journal reported on Thursday, offering financial markets hope that the globe's two largest economies could end. . .  Full story

U.S. homebuilding slowing; labor market strong

16/08 U.S. homebuilding rebounded less than expected from a nine-month low in July, suggesting the housing market was likely to tread water for the rest of this year against the backdrop of rising construction costs. . .  Full story

Walmart posts biggest U.S. sales rise in a decade, shares soar

16/08 Walmart Inc posted its best quarterly U.S. sales growth in a decade and upped full-year sales and profit outlooks on Thursday, sending shares surging as a jump in online and grocery purchases showed it. . .  Full story

J.C. Penney sinks 27 pct on forecast cut, fashion falls flat

16/08 J.C. Penney Co Inc shares sank below $2 for the first time on Thursday after it said it had alienated core middle-aged customers while chasing millennial buyers, and the venerable brand forecast an unexpectedly. . .  Full story

Chinese hackers targeted U.S. firms, govt after trade mission -researchers

16/08 Hackers operating from an elite Chinese university probed American companies and government departments for espionage opportunities following a U.S. trade delegation visit to China earlier this year, security researchers told Reuters.. . .  Full story

Floods hit rubber output in southern Indian state as death toll rises to 79

16/08 The death toll from the southern Indian state of Kerala's worst floods in a century has risen to 79, a government official said, with rising water levels likely to impact rubber and other plantations. . .  Full story

Starboard eyes Symantec board seats after taking stake

16/08 Hedge fund Starboard Value LP has nominated five directors to Symantec's board after taking a 5.8 percent stake in the cybersecurity firm, it said on Thursday, upping pressure for moves to improve performance.. . .  Full story

Fuel markets confirm global growth slowdown: Kemp

16/08 If the global economy starts to grow more slowly, the impact will show up first in the price of refined fuels such as road diesel, marine gasoil and jet fuel that play a central. . .  Full story

COLUMN-Best commodity bets? Exposed to China and less open to trade: Russell

16/08 The recent gyrations in the world economy around Turkey's currency and the escalating U.S.-China trade dispute have taken a toll on commodity prices, especially industrial metals.. . .  Full story

France to back Ben Smith as new Air France-KLM CEO - source

16/08 The French government will support the appointment of Air Canada executive Ben Smith as the chief executive of Air France-KLM, a government source said on Thursday.. . .  Full story

Serbia turns to tech industry to fight economic stagnation

16/08 Serbia, a country that claims inventor Nikola Tesla as one of its most famous sons, is looking to technology to help lift itself out of decades of economic stagnation following the Balkan wars of. . .  Full story

Japan's export growth slows as U.S.-bound car shipments fall

16/08 Japan's export growth slowed in July, with shipments of cars to the United States sinking and as global trade disputes cast doubt over demand for products from the world's third-biggest economy.. . .  Full story

Japan, South Korea steel exports to India surge on tariffs, high-end demand

16/08 India is being hit by a wave of steel from producers in Japan and South Korea, a government document showed, as mills there redirect supply after U.S. President Donald Trump slapped an import duty. . .  Full story

Japan steps up U.S. LPG purchases in fallout from Sino-U.S. trade conflict

16/08 Japanese utilities and industrial companies are snapping up U.S. cargoes of liquefied petroleum gas (LPG) that are seeking a new home after Chinese buyers started to shun them amid an escalating trade war between Washington. . .  Full story

Israel's Bank Hapoalim profit beats estimates, dividend on hold

16/08 Israel's largest lender Bank Hapoalim reported higher quarterly net profit that topped estimates, but put its second quarter dividend on hold for now due to a U.S. tax evasion investigation.. . .  Full story

Aegon first-half earnings ahead of estimates, eyes Vivat bid

16/08 Aegon, the Dutch owner of U.S. insurer Transamerica Corp, reported a slightly better-than-expected underlying earnings of 1.06 billion euros ($1.21 billion) for the first half of 2018, helped by cost-cutting and better margins in the. . .  Full story

No relief in sight as Australian drought fuels bushfires

16/08 The drought sweeping through large tracts of Australia is set to intensify over the next three months and is fuelling unseasonal winter bushfires, the leading meteorological agency and a fire official said on Thursday.. . .  Full story

Apple accused of pressuring game rivals in Japan - Nikkei

16/08 Japanese regulators are investigating Apple Inc over allegations it unfairly pressured Yahoo Japan Corp to slow the expansion of its online games platform, which competes with Apple's App Store, Japanese media reported on Thursday.. . .  Full story

U.S. Senate to consider massive spending bill, faces Trump objections

16/08 U.S. senators agreed on Wednesday to debate and vote in the next few days on more than $850 billion in spending on defense, labor and healthcare programs, as the Trump administration announced its objections to. . .  Full story

Cisco's software push fuels quarterly beat, strong forecast

16/08 Cisco Systems Inc topped Wall Street targets for quarterly revenue and profit and forecast first-quarter sales above estimates on Wednesday, as the network gear maker's transition to a software-focused company gains traction.. . .  Full story

Tesla, Musk face SEC wrist slap at worst, experts say: Frankel

15/08 Tesla CEO Elon Musk and the company itself may have little to fear from U.S. regulators according to legal analysts, despite Musk's failure so far to back up his early August tweet saying he. . .  Full story

U.S. stocks drop on downbeat earnings, trade tensions

15/08 Wall Street fell in a day of heavy trading on Wednesday with the S&P 500 posting its biggest percentage drop since late June as investors turned risk-averse on disappointing earnings and escalating global tariff. . .  Full story

Cisco tops revenue estimates as newer bets pay off

15/08 Cisco Systems Inc reported quarterly revenue above Wall Street estimates on Wednesday, driven by growth in the network gear maker's newer businesses such as cyber security.. . .  Full story

Uber narrows loss but is a long way from finding profit

15/08 Uber Technologies Inc said on Wednesday it narrowed its quarterly losses from a year earlier, although the ride-hailing company is still a long way from proving it can be profitable as it gears up. . .  Full story

Wheat, soy futures fall on firmer dollar, U.S. rains

15/08 U.S. grains and oilseed futures fell on Wednesday, pressured by broad selling in commodities and equities as a firmer dollar prompted worries about export prospects for American supplies, traders and analysts said.. . .  Full story

Yields drop as risk appetite fades on emerging market worries

15/08 U.S. Treasury yields fell on Wednesday after two straight days of gains as risk appetite soured amid nagging concerns about fallout from the Turkish crisis hitting other emerging markets. The. . .  Full story

Canada to phase out crop chemicals linked to bee deaths

15/08 The Canadian government said on Wednesday it would move to restrict use of two types of crop chemicals that have been linked to deaths of aquatic insects and bees, in a victory for environmentalists. . .  Full story

Corona owner invests another $4 bln in cannabis producer Canopy

15/08 Corona beer maker Constellation Brands will infuse another $4 billion into Canada's top cannabis producer Canopy Growth, the biggest investment in the industry, to capitalize on booming demand for marijuana.. . .  Full story

U.S. retail sales, manufacturing data bolster Q3 economic outlook

15/08 U.S. retail sales rose more than expected in July as households boosted purchases of motor vehicles and clothing, suggesting the economy remained strong early in the third quarter.. . .  Full story

Regulatory limbo hits Tencent with first profit fall in nearly 13 years

15/08 Chinese technology giant Tencent Holdings Ltd has "no clarity" on when it may get approval to start charging for its most popular game, it said on Wednesday, after reporting its first quarterly profit fall. . .  Full story

Margin worries send Macy's shares tumbling after profit beat

15/08 Macy's Inc on Wednesday said its gross margins would shrink in the fall season as delivery expenses rise, overshadowing a quarterly sales and profit beat and sending shares down more than 13 percent.. . .  Full story

U.S. crude stockpiles soar unexpectedly despite record refinery runs - EIA

15/08 U.S. crude oil stockpiles jumped unexpectedly last week despite record high refinery runs, while gasoline stocks decreased and distillate inventories grew, the Energy Information Administration said on Wednesday.. . .  Full story

Uber told by investors to sell self-driving unit - The Information

15/08 Investors have told Uber Technologies Inc it would be wise to sell off its self-driving car unit after it racked up losses of $125 million to $200 million each quarter for the past 18. . .  Full story

-Coca-Cola bets on Kobe sports drink in fight with Gatorade (Aug. 14)

15/08 Coca-Cola Co is buying a minority stake in a sports drink brand backed by basketball star Kobe Bryant, it said on Tuesday, seeking to mount a stronger challenge to PepsiCo's Gatorade.. . .  Full story

UPDATE 8-Musk bid for Tesla: no formal offer, no firm deals with advisers (Aug. 14)

15/08 Tesla Inc's board named a special committee of three directors on Tuesday to decide what to do about Chief Executive Elon Musk's potential offer to take the electric carmaker private, although Musk has yet. . .  Full story

ANALYSIS-Monsanto Roundup appeal has uphill climb on 'junk science' grounds -legal experts

15/08 Bayer AG unit Monsanto faces long odds on an appeal blaming an "inflamed" jury and "junk science" for a verdict of $289 million in damages to a man who said the company's Roundup weed. . .  Full story

Saudi fund may only play minor part in Musk's $72 bln Tesla plan -bankers

15/08 Elon Musk told investors this week that "obviously, the Saudi sovereign fund has more than enough capital needed" to finance taking Tesla private.. . .  Full story

China securities fee revenue expected to more than double by 2023-study

15/08 Revenue from securities fees in China is expected to more than double to $103 billion in the next six years, a new report by a financial consultancy said on Wednesday, emphasizing the sector's attractiveness. . .  Full story

Chinese oil importers shun U.S. crude despite tariff reversal

15/08 Chinese oil importers are shying away from buying U.S. crude as they fear Beijing's decision to exclude the commodity from its tariff list in a trade dispute between the world's biggest economies may only. . .  Full story

Former Baidu executive Lu to helm Y Combinator's new China unit

15/08 U.S. startup incubator Y Combinator said it is establishing a China unit, its first dedicated overseas office, which will be headed by Baidu Inc's former chief operating officer Qi Lu.. . .  Full story

Investment firms explore buyout of fast-food giant Yum China -sources

15/08 Investment firms are exploring a buyout of Yum China Holdings Inc, the operator of KFC, Pizza Hut and Taco Bell in the world's second-largest economy, in what could be one of Asia's biggest M&A. . .  Full story

Goldman shareholders can again pursue class action over CDOs

15/08 A federal judge on Tuesday said Goldman Sachs Group Inc shareholders may again pursue class-action claims that the bank concealed conflicts of interest when creating risky subprime securities before the 2008 financial crisis.. . .  Full story

Major Tesla shareholders trimmed stakes last quarter -filings

15/08 Two major Tesla Inc shareholders cut their stakes in the electric automaker during the second quarter, before Chief Executive Elon Musk announced he would try to take the company private earlier this month.. . .  Full story

Berkshire boosts Goldman, Teva stakes; buys more Apple

14/08 Warren Buffett's Berkshire Hathaway Inc boosted its investments in Goldman Sachs Group Inc and Israel's Teva Pharmaceutical Industries Ltd during the second quarter and confirmed it has expanded its already huge bet on iPhone maker. . .  Full story

Monsanto Roundup appeal has uphill climb on 'junk science' grounds -legal experts

14/08 Bayer AG unit Monsanto faces long odds on an appeal blaming an "inflamed" jury and "junk science" for a verdict of $289 million in damages to a man who said the company's Roundup weed. . .  Full story

Diamondback to buy Energen in $9.2 bln deal to boost Permain presence

14/08 U.S. oil and gas company Diamondback Energy Inc said on Tuesday it would buy Energen Corp in an all-stock deal valued at $9.2 billion to expand in the Permian Basin.. . .  Full story

Prices recover from recent losses, soymeal nears two-week high

14/08 U.S. grain and soybean futures rose on Tuesday in a turnaround from recent sharp losses, while soymeal futures neared a two-week high following a decision by Argentina to suspend cuts to export taxes for. . .  Full story

Wall St gains on upbeat earnings, easing Turkey jitters

14/08 Wall Street's three major indexes rose on Tuesday with the S&P 500 posting its strongest gain in three weeks as a string of healthy earnings boosted investor optimism and a rebound in the Turkish. . .  Full story

Canada to consider steel safeguard response to U.S. tariffs

14/08 Canada said on Tuesday it will consider a safeguard action on seven steel products to protect domestic producers from imports since the United States imposed tariffs against its major trade partner in March.. . .  Full story

U.S. hedge funds bet on retail, tech in Q2 as economy sizzled

14/08 Prominent hedge fund managers appeared to make big second-quarter bets that the U.S. economy would continue to expand despite increasing concerns about a broadening trade dispute between the United States and China, regulatory filings showed. . .  Full story

Tesla forms three-member panel to decide on any Musk proposal

14/08 Tesla Inc's board named a special committee of three directors on Tuesday to evaluate possibly taking the electric carmaker private, although it said it had yet to see a firm offer from the company's. . .  Full story

U.S. yields climb as risk appetite rises, equities gain

14/08 U.S. Treasury yields rose on Tuesday in line with the European bond market as global sentiment brightened after equities worldwide stabilized and the Turkish lira came off recent record lows against the dollar.. . .  Full story

IATA still pursuing complaint against Honeywell after CFM deal

14/08 The International Air Transport Association (IATA) is pursuing its complaint against Honeywell to EU antitrust regulators, it said on Tuesday, even as the air transport group struck a deal over a similar grievance with engine. . .  Full story