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Wires

  • ACCRA/ ABIDJAN, June 26- Up to 80,000 tonnes of cocoa beans have been smuggled into Ghana from neighbouring Ivory Coast since the start of April, as Ivorian growers take advantage of higher prices in the neighbouring country, exporters said on Monday. Ghana, the world's number two cocoa grower, maintained its farmgate price at $1,914 per tonne, creating a price gap...

  • SAO PAULO, June 26- Brazilian and Mexican currencies strengthened on Monday after weaker-than-expected U.S. manufacturing data bolstered bets that the U.S. Traders will look for further clues on the U.S. central bank's outlook on Tuesday, when Fed Chair Janet Yellen is scheduled to deliver a widely anticipated speech in Europe. Shares of steelmakers, such as...

  • Shares of Nestle jumped 4.4 percent to 85.70 Swiss francs following reports that hedge fund kingpin Daniel Loeb's Third Point had taken a $3.5 billion, or about 1 percent, stake. News reports cited a weekend letter from Third Point calling on Nestle to sell its stake in French cosmetics company L'Oreal, arguing that it was peripheral to the Swiss company's core...

  • Avis' shares rose as much as 21 percent to $29.32 in morning trading, recording their biggest intraday percentage gain in more than five years. Alphabet's shares were little changed at $984.88. The news was first reported by Bloomberg.

  • WASHINGTON, June 26- The U.S. Supreme Court on Monday handed a victory to President Donald Trump by narrowing the scope of lower court rulings that blocked his travel ban on people from six Muslim-majority countries and agreeing to hear his appeals in the cases. The court said that the travel ban is in effect "with respect to foreign nationals who lack any bona fide...

  • NEW YORK— There's Greek yogurt, Icelandic yogurt and Australian yogurt. Enter "Oui," which General Mills is hailing as the arrival of "French-style" yogurt in the United States. General Mills Inc. has been particularly hard-hit, with its yogurt sales down 20 percent in its latest quarter.

  • LONDON/ NEW YORK, June 26- U.S. activist shareholder Third Point has targeted Nestle by taking a $3.5 billion stake in the food maker and urging Europe's most valuable company to boost returns as demand for its products weakens. Nestle shares jumped as much as 4.8 percent on Monday, touching a record high after Third Point disclosed its position late on Sunday in a...

  • WASHINGTON, June 26- The U.S. Supreme Court on Monday handed a victory to President Donald Trump by narrowing the scope of lower court rulings that blocked his travel ban on people from six Muslim-majority countries and agreeing to hear his appeals in the cases. The justices granted parts of his administration's emergency request to put the March 6 executive...

  • COLUMBUS, Ohio— Ohio officials say they've restored 11 government websites that were hacked with a message purporting to be supportive of the Islamic State terrorist group. It affected websites for the governor and his wife, the lieutenant governor and the inspector general, as well as Ohio's Medicaid and prisons agencies. The list also included sites for...

  • BRUSSELS, June 26- Thirteen EU nations voiced support on Monday for a proposal to empower the bloc's executive to negotiate with Russia over objections to a new Russian gas pipeline to Germany, despite opposition from Berlin. At an informal debate among EU energy ministers, Germany's partners in the 28- nation bloc spoke out against Russia's Nord Stream 2...

  • WASHINGTON, June 26- U.S. Senate Republicans are expected to issue a revised version of their healthcare bill on Monday to address some of the concerns raised since it was unveiled last week, a Senate aide familiar with the plan said. The aide did not detail the revisions. The bill has been criticized by some Republicans who say it does not go far enough in repealing...

  • US 30-YEAR TREASURY YIELDS FALL TO 2.68 PERCENT, LOWEST SINCE NOVEMBER.

  • US TWO-YEAR, 10- YEAR TREASURY YIELD CURVE FLATTENS TO 77.60 BPS, LOWEST SINCE SEPTEMBER.

  • US FIVE-YEAR, 30- YEAR YIELD CURVE EXTENDS FLATTENING TO 93.10 BPS, LOWEST SINCE LATE 2007.

  • Goldman Sachs Group gained $2.78, or 1.3 percent, to $219.97. American Express rose 98 cents, or 1.2 percent, to $83.20. Micron Technology led the pack, gaining $1.21, or 3.8 percent, to $32.94.

  • U.S. SENATE REPUBLICANS EXPECTED TO ISSUE REVISED HEALTHCARE BILL DRAFT ON MONDAY- SENATE AIDE.

  • WASHINGTON, June 26- The U.S. Supreme Court on Monday upheld the dismissal of a securities fraud lawsuit by a big California pension fund against banks in the wake of the 2008 collapse of investment bank Lehman Brothers, ruling the fund waited too long to sue.

  • They also give the SEC the power to offer monetary awards to whistleblowers whose tips lead to successful enforcement actions. Digital Realty Trust argues that the anti-retaliation protections do not apply to people who fail to report their allegations to the SEC because the law defines a whistleblower as a person who reports possible securities...

  • WASHINGTON, June 26- New orders for key U.S.-made capital goods unexpectedly fell in May and shipments also declined, suggesting a loss of momentum in the manufacturing sector halfway through the second quarter. The Commerce Department said on Monday that non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending...

  • NEW YORK, June 26- Hedge fund firm P. Schoenfeld Asset Management has bought a minority stake in CdR Capital, the two investment managers said in a statement on Monday. P. Schoenfeld, the $2.2 billion New York and London- based firm known as PSAM and led by Peter Schoenfeld, specializes in more traditional research-based investing as part of its core strategy of...