Equities rebound on U.S.-Sino talks report, dollar jumps
Global equity markets rebounded on Tuesday on a report that said the United States and China hoped to resume talks to defuse a budding trade war, while the dollar jumped against the yen after the Bank of Japan said it intends to keep interest rates low…
U.S. consumer spending rises; wage growth slows in second-quarter
U.S. consumer spending increased solidly in June as households spent more at restaurants and on accommodation, building a strong base for the economy heading into the third quarter, while inflation rose moderately.
China will strive to hit growth target despite trade tensions with U.S.
China will keep its economic growth within a reasonable range and achieve this year’s target despite challenges, the state-run Xinhua news agency said on Tuesday as a trade war with the United States intensifies.
Industrials boost Wall Street on renewed trade hopes
U.S. stocks rose on Tuesday, led by industrial companies, after a report that the U.S. and China were trying to resume negotiations to defuse a trade war between world’s two largest economies.
Chipotle slumps eight percent after Ohio outlet linked to food poisoning complaints
At least 140 people said they had fallen sick after eating at a Chipotle Mexican Grill Inc restaurant in Ohio, sending shares of the burrito chain down 8 percent in early trading.
Pfizer CEO believes U.S. will eliminate rebates on prescription drugs
Pfizer Inc Chief Executive Ian Read said on Tuesday that he believes the Trump administration intends to eliminate rebates on prescription drug purchases, but he does not know how quickly such a policy could be implemented.
Procter & Gamble sales disappoint after prices get a shave
Procter & Gamble Co’s fiscal fourth-quarter sales fell below Wall Street estimates on Tuesday, hurt by lower pricing and weak demand at its units that make Pampers diapers and Gillette shaving products.
Wall Street gains on report of U.S. and China restarting trade talks
U.S. stocks rose on Tuesday as technology stocks rebounded and a report said the United States and China were trying to restart negotiations to defuse a trade war between world’s two largest economies.
Exclusive: Lloyd’s of London reviews operations after losing $2.6 billion and CEO
Lloyd’s of London is reviewing all aspects of its business, including its centuries-old structure, to ensure it is cost-competitive and responsive to both clients and members, especially after Britain leaves the EU, industry sources said.
Pfizer lowers 2018 revenue forecast, increases R&D spend
Pfizer Inc lowered its revenue forecast for this year, blaming the stronger dollar, and increased its planned spending on research and development, as the drugmaker works to launch new drugs to replace declining sales from its established products lik…
