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Top News & Analysis North America

  • SHANGHAI, July 21- Chinese courier ZTO Express and the underwriters of its New York stock market listing have been sued by a U.S. pension fund that alleges the firm exaggerated its profit margins to lure investors into its $1.4 billion initial public offering. Morgan Stanley and Goldman Sachs Group Inc, which spearheaded ZTO's IPO, are named in the class-action...

  • MEXICO CITY, July 20- Mexican breadmaker Bimbo said on Thursday it agreed to buy U.S. firm East Balt Bakeries for $650 million. Bimbo, which expanded into India and Africa in recent months, and has plans to grow in China and the rest of Asia and the Middle East, said it hoped to close the transaction by the second half of 2017, pending regulatory approval.

  • SYDNEY, July 21- U.S. corn edged lower on Friday, but the grain was on track to post a weekly gain of around 3.5 pct as forecasts for continued adverse weather stoked fears of production losses. The most active corn futures on the Chicago Board Of Trade were down 0.4 percent to $4.03-1/ 4 a bushel after closing up 2.1 percent on Thursday when prices hit a high of $4.06-3/ 4...

  • WASHINGTON, July 20- Amazon, facing potential criticism of its plan to buy Whole Foods Markets, continued its multi-million lobbying effort- shelling out $3.2 million in the second quarter of this year- an increase from the $2.9 million spent in the first three months. But their decision, announced in June, to buy premium grocer Whole Foods for $13.7 billion roiled...

  • SYDNEY, July 21- U.S. corn edged lower for the first time in four sessions on Friday, but was still poised to post weekly gains of nearly 4 percent as concerns about potential crop losses from adverse weather support prices. *Corn crop condition ratings declined earlier this week in top-producing states of Iowa, Illinois and Nebraska, and extended outlooks for...

  • TOKYO, July 21- The dollar headed for weekly losses on Friday, wallowing at its lowest levels against the euro in nearly two years after European Central Bank chief Mario Draghi said policymakers would discuss changing its bond-buying programme in the autumn. The euro caught its breath at $1.1625 after climbing as high as $1.1659 on Thursday, its loftiest peak...

  • WASHINGTON, July 20- The regulatory agenda released by the Trump administration on Thursday contained a signal that the U.S. government has halted its work on restricting Wall Street executives' bonuses and other pay incentives. The 2010 Dodd-Frank Wall Street reform law called for federal banking and securities regulators to create limits on...

  • MONDAY, JULY 24 TOKYO- Bank of Japan releases minutes of Monetary Policy Meeting held on June 15 and 16 2350 GMT. WEDNESDAY, JULY 26 TOKYO- Bank of Japan Deputy Governor Hiroshi Nakaso speaks to business leaders in Hiroshima- 0130 GMT. OAKDALE, Minneapolis- Federal Reserve Bank of Minneapolis President Neel Kashkari participates in a moderated...

  • MONDAY, JULY 24 TOKYO- Bank of Japan releases minutes of Monetary Policy Meeting held on June 15 and 16 2350 GMT. WEDNESDAY, JULY 26 TOKYO- Bank of Japan Deputy Governor Hiroshi Nakaso speaks to business leaders in Hiroshima- 0130 GMT. OAKDALE, Minneapolis- Federal Reserve Bank of Minneapolis President Neel Kashkari participates in a moderated...

  • Chinese companies and investors eyeing U.S. assets could face more roadblocks as a result, at a time when the Chinese government is also restricting the flow of capital out of China following a bonanza of Chinese overseas deals. CFIUS's more conservative stance towards deals coincides with growing political and economic tensions between the United States...

  • LAFAYETTE, La. _ Iberiabank Corp. on Thursday reported second-quarter profit of $52 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.12 per share. Iberiabank shares have dropped nearly 3 percent since the beginning of the year.

  • RESTON, Va. _ WashingtonFirst Bankshares Inc. on Thursday reported second-quarter earnings of $5.3 million. The Reston, Virginia- based bank said it had earnings of 40 cents per share. Keywords: WashingtonFirst Bankshares, Earnings Report.

  • WASHINGTON, July 20- Seeking a more positive spin on U.S.- China economic talks viewed as ending in discord, China said on Thursday that the two sides agreed to "active and effective measures" to reduce global excess steel production capacity. Their statement did not mention steel and cited only one point of consensus, a "shared objective" to work towards reducing...

  • WASHINGTON— The International Monetary Fund's board on Thursday approved a $1.8 billion loan to Greece— but will only release the money if the country gets debt relief from its European creditors. The IMF has praised Greece for taking steps to reduce its budget deficits, including expanding its tax base and cutting spending on pensions. IMF managing director...

  • WASHINGTON/ HOUSTON, July 20- Exxon Mobil Corp sued the U.S. government on Thursday, blasting as "unlawful" and "capricious" a $2 million fine levied against it for a three-year-old oil joint venture with Russia's Rosneft. The U.S. Treasury Department on Thursday morning slapped the world's largest publicly traded oil producer with the fine for "reckless disregard"...

  • ELMIRA, N.Y. _ Chemung Financial Corp. on Thursday reported second-quarter earnings of $3 million. Chemung Financial shares have risen 13 percent since the beginning of the year. Keywords: Chemung Financial, Earnings Report.

  • NEW YORK, July 20- U.S. fund investors shifted $7.6 billion to the safe harbor of taxable bonds during the most recent week, Lipper data showed on Thursday, as Republicans efforts to pass major healthcare policy stalled. U.S. equity funds bled $5.5 billion, but funds focused on shares abroad pulled in $3 billion. "Retail money has returned in the usual way- chasing...

  • San Jose, California- based eBay forecast third-quarter adjusted earnings of 46 cents to 48 cents per share. Analysts on average were expecting 48 cents, according to Thomson Reuters I/B/E/S. Revenue for the just-ended quarter rose 4.4 percent to $2.33 billion, beating analysts' estimates of $2.31 billion.

  • WASHINGTON, July 20- U.S. House Speaker Paul Ryan said on Thursday that tax reform talks are nearing a consensus to lower business taxes by closing loopholes and special interest deductions, the latest sign that the unpopular proposed border tax may not be included. Ryan's remarks, coming about a week ahead of an end-of-July deadline for top White House...

  • MILWAUKEE _ Sensient Technologies Corp. on Thursday reported second-quarter earnings of $30.8 million. Sensient expects full-year earnings in the range of $3.40 to $3.45 per share. Sensient shares have risen roughly 4 percent since the beginning of the year.