NEW YORK— Starbucks is testing a latte that it says has the "savory toasty malt" flavor of a foamy mug of stout. The "Dark Barrel Latte" is being tested in a handful of stores in Ohio and Florida, said Linda Mills, a Starbucks spokeswoman. Starbucks Corp., based in Seattle, has enjoyed strong sales growth in part by continually introducing new food and drinks.» Read More
SINGAPORE, July 1- Gold was trading near its highest in 2-1/ 2 months on Tuesday, as a softer dollar and escalating violence in Iraq increased the metal's appeal. *Gold was also supported by safe-haven bids from geopolitical tensions in the Middle East.
U.S. crude gained 10 cents to $105.49 a barrel, after ending 37 cents down at its lowest since June 12. *OPEC's oil output has fallen in June from May's three-month high, a Reuters survey found on Monday, as fighting in Iraq closed its largest oil refinery and technical problems slowed its southern exports.
TOKYO, July 1- Big Japanese manufacturers' business sentiment worsened in the three months to June but is poised to improve in the following quarter, a central bank survey showed, adding to signs the economy will shrug off April's sales tax hike.
WASHINGTON- The US-China Business Council will host a conversation with U.S. The Wall Street Journal's Sudeep Reddy will moderate the discussion. LONDON- Bank of England Deputy Governor Ben Broadbent speaks at Adam Smith Institute' Power Lunch'.
SEOUL, July 1- South Korea's manufacturing activity suffered its worst fall in 10 months in June, a private-sector survey showed on Tuesday, fresh evidence that the recovery in Asia's fourth-largest economy is losing momentum.
SEOUL, July 1- Following are South Korea's preliminary export and import figures for June, released by the Ministry of Trade, Industry and Energy on Tuesday:. JUNE* MAY Balance 5.3 5.3 Exports 47.8 47.8 +2.5 -1.0 Imports 42.6 42.5 +4.5 +0.3* Revised figures released on June 13.
General Motors Co is grappling with a crisis over its decade-long failure to recall cars equipped with faulty ignition switches. It was only in February of this year that GM finally began recalling 2.6 million Chevrolet Cobalts, Saturn Ions and other older models equipped with the faulty switches.
TOKYO, July 1- Japanese business confidence worsened in the three months to June, a closely watched central bank survey showed, weighed down by soft exports and weaker consumer spending after a sales tax increase.
DETROIT, June 30- U.S. safety regulators announced an expansion on Monday of a previous recall to include more model years of Fiat Chrysler vehicles that have ignition switches that can be inadvertently shut off.
SYDNEY, July 1- The dollar languished at seven-week lows against a basket of major currencies on Tuesday, having extended a month-long decline after a recent batch of mixed data cast doubts on the strength of the U.S. economic recovery.
DETROIT, June 30- General Motors Co's ongoing safety crisis over deadly ignition switches deepened on Monday with the recall of 8.23 million mostly older cars linked by the U.S. automaker to three deaths.
HONG KONG, July 1- Hong Kong financial markets are closed on Tuesday for a public holiday and will resume trading on Wednesday. The holiday marks the Hong Kong Special Administrative Region Establishment Day. Please double click on for the latest Hong Kong stock report and for the mainland China stock report.
PARIS, July 1- BNP Paribas Chief Executive Officer Jean-Laurent Bonnafe told retail clients that the U.S. settlement over sanctions violations will not have impact on them and that its pricing policy will remain unchanged.
SETTLEMENT WILL HAVE NO IMPACT ON RETAIL CLIENTS, NO CHANGE IN PRICING POLICY.
BNP'S BONNAFE SAYS CERTAIN EMPLOYEES DELIBERATELY CIRCUMVENTED US RULES AND DID NOT COMPLY WITH MANAGEMENT'S DECISIONS THAT PROHIBITED THIS BUSINESS IN SPECIFIC COUNTRIES FROM 2007.
BNP PARIBAS CEO BONNAFE TELLS RETAIL CLIENTS BREACHES OF BANK'S ETHICS TOOK PLACE IN OIL& GAS ENERGY& COMMODITY FINANCE BUSINESS, ACCOUNTING FOR LESS THAN 1 PCT OF THE BNP' TOTAL ACTIVITY.
BOSTON, June 30- Microsoft Corp launched what it hopes will be the most successful private effort to date to crack down on cyber crime by moving to disrupt communications channels between hackers and infected PCs.
June 30- A jury in a South Carolina state court on Monday awarded $8.1 million to a former adviser who sold his wealth management business to BB&T Corp and later alleged that the bank mismanaged his retirement nest egg with a risky strategy, according to a person familiar with the matter.
PARIS, July 1- The settlement reached between BNP Paribas and U.S. authorities over a sanctions busting case will preserve the future of the lender, the finance ministry said on Tuesday. French Finance Minister Michel Sapin also said in a statement that the country's biggest listed bank "will still be able to finance economic activity in a satisfying way."
BUENOS AIRES, June 30- Argentina's economy ministry said on Monday it was sending a delegation to meet on July 7 with the mediator appointed by a U.S. court to help facilitate a settlement between the country and holdout investors in Argentine debt.