The IMF trims its economic growth forecast again as the U.S.-China trade war continues, Brexit worries linger and inflation remains muted.Economyread more
Citigroup thinks Tesla investors hoping for a post-earnings rally later this week should scrutinize a pair of related financial metrics.Investingread more
Olive branches were extended from both China and the U.S. as the two nations are set to restart face-to-face trade negotiations after a monthlong truce.Marketsread more
Coca-Cola topped Wall Street's expectations for earnings and revenue.Food & Beverageread more
New disclosures show Facebook and Amazon each spent more than $4 million on lobbying activity in the second quarter of 2019.Technologyread more
Boris Johnson, one of the biggest voices in the Brexit movement, wins the Conservative Party leadership race by a 2-1 margin.Europe Politicsread more
Disney can nearly double its earnings by 2024, Morgan Stanley said in a note to clients on Tuesday.Investingread more
Amazon is expected to report its second-quarter earnings on Thursday.Investingread more
The largest residential brokerage company in the U.S. is partnering with the largest online retailer in a strategy to boost sales for both.Real Estateread more
Here are the biggest calls on Wall Street on TuesdayInvestingread more
Canaccord Genuity's Tony Dwyer believes stocks are about to fall as much as 5% from their all-time highs.Trading Nationread more
July 3 (Reuters) - British oil producer EnQuest on Wednesday said it will cut 80 jobs at its Sullom Voe Terminal in the Shetland region of the North Sea.
"The organizational changes will require a reduction in the number of permanent positions by approximately 80, of which around 60 are EnQuest employees, by year end," the company said.
EnQuest also announced changes to existing employee terms and conditions.
Britain's Unite Union earlier said it was "dismayed" by EnQuest's decision to cut jobs by a quarter.
"Unite will not stand idly by and allow jobs to be sacrificed to facilitate a competitive edge for other projects. We will explore every option including balloting our members for industrial action," John Clark, the union's regional industrial officer, said in a statement.
EnQuest is also in talks with BP to continue exporting oil from the Clair Field west of Shetland and to stop oil potentially bypassing the terminal, the union said. (Reporting by Swati Verma in Bengaluru, editing by Louise Heavens)