Top News & Analysis North America

  • NEW YORK, July 16- Two years ago Nasdaq Inc and Citigroup Inc announced a new blockchain system they said would make payments of private securities transactions more efficient. Nasdaq Chief Executive Adena Friedman called it "a milestone in the global financial sector." But the companies did not move forward with the project, a person familiar with it said,...

  • BEIJING, July 16- China on Tuesday rebuffed a suggestion from U.S. "As for United States' so-called' because China's economy is slowing so China urgently hopes to reach an agreement with the U.S. side', this is totally misleading," he added. Both China and the United States wanted to reach a trade deal, not China alone, Geng said.

  • LONDON, July 16- Global stocks struggled to cling to recent gains on Tuesday and the dollar lingered with markets awaiting U.S. data and a slew of corporate and bank earnings for a fresh readout on the health of the world's largest economy. European markets struggled for direction with the pan-region Stoxx 600 nudging a touch lower, reflecting key indexes in...

  • July 16- Philip Green's fashion empire Arcadia Group said on Tuesday it received applications from legal entities of U.S.-based property group Vornado challenging two of its seven planned Company Voluntary Agreements. Arcadia's other landlords include British Land, Intu Properties, Aviva and Land Securities. "Our Group continues to trade as normal and we...

  • BEIJING, July 16- China on Tuesday rebuffed a suggestion from U.S. Official data on Monday showed China's economic growth cooled to 6.2% in the second quarter, the weakest annual pace in at least 27 years, amid trade pressure from the United States. "As for United States' so-called' because China's economy is slowing so China urgently hopes to reach an agreement with...

  • July 16- European stock markets crept higher on Tuesday as investors awaited the first flood of second quarter earnings releases, with London's FTSE 100 boosted by a first-quarter pickup in sales for Burberry. Italian shares dipped 0.2% as Fiat Chrysler slid 3.7% after Goldman Sachs recommended selling the carmaker, while Germany's DAX was propped up by a...

  • FRANKFURT, July 16- Shares in German chemicals company Bayer rose 1.8% in early trade on Tuesday after a U.S. judge slashed a damages award Bayer owes a California man who blamed its Roundup weed killer for his cancer. The judge said evidence against the former Monsanto Co, which Bayer bought last year, supported punitive damages over the glyphosate ingredient...

  • July 16- European shares opened little changed on Tuesday as investors looked to a deluge of second quarter earnings releases and a batch of macroeconomic indicators for more signs on a slowing global and euro zone economy. Shares in German chemicals company Bayer rose 2.2% after a U.S. judge slashed the damages awarded to a California man who blamed its...

  • San Francisco Bay Area by sunset

    New York City has been overtaken as the world's best city for female founders, according to Dell's 2019 Women Entrepreneur Cities Index.

  • **China's blue-chip CSI300 index was down 0.34%, with its financial sector sub-index lower by 0.17%, the consumer staples sector down 1.27%, the real estate index up 1.4% and the healthcare sub-index down 0.7%. China's economy grew by 6.2% in the second quarter of 2019, its slowest quarterly pace on record. **China's fiscal spending increased 10.7% in the first six...

  • SINGAPORE, July 16- London copper prices were almost unchanged on Tuesday, hovering around a two-week high hit in the previous session after top consumer China reported positive industrial output and investment data. Three-month copper on the London Metal Exchange was almost flat at $5,985 a tonne, as of 0346 GMT, while the most-traded copper contract on the...

  • BEIJING, July 15- China's government and Chinese companies will cut business ties with U.S. firms selling arms to Taiwan, China's Foreign Ministry said on Monday, declining to give details of the sanctions in a move likely to worsen already poor ties with Washington. China claims self-ruled and democratic Taiwan as its own and has never renounced the use of force...

  • *MSCI Asia ex- Japan +0.17%; Nikkei -0.74%. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.17%, with losses in Chinese shares capping gains elsewhere in the region. China's blue-chip CSI300 index was 0.4% lower.

  • The most active wheat futures on the Chicago Board of Trade fell 0.4% to $5.05-1/ 2 a bushel around 0300 GMT, down from its previous session's high of $5.31-1/ 2- the highest since June 28. "The market came up last week on USDA, but that was always going to be beyond what was reasonable. The USDA last week lowered its forecast of 2019/ 20 global wheat ending stocks to 286.46...

  • Gulf of Mexico platforms ahead of Hurricane Barry, the U.S. offshore drilling regulator said. There were 1.3 million barrels per day of oil production offline in the U.S.-regulated areas of the Gulf of Mexico on Monday, about 80,000 barrels fewer than on Sunday, according to the U.S. Bureau of Safety and Environmental Enforcement. It can take several days for full...

  • SINGAPORE, July 16- Copper prices took a break from a strong rally on Tuesday after positive industrial output and investment data from top consumer China sent prices to a two-week high in the previous session. Three-month copper on the London Metal Exchange was almost unchanged at $5,985.50 a tonne by 0229 GMT, while the most-traded copper contract on the...

  • SYDNEY, July 16- U.S. corn futures fell 1% on Tuesday after the U.S. Department of Agriculture said the condition of North American crops was better than expected, easing fears that production will fall short of official forecasts. *The most active corn futures on the Chicago Board Of Trade were down 0.9% at $4.43 a bushel by 0043 GMT, having closed down 2.7% in the...

  • Brent crude futures were down 10 cents, or 0.2%, at $66.38 a barrel by 0028 GMT. U.S. crude fell by 10 cents, or 0.2% to $59.48 a barrel. Gulf of Mexico platforms ahead of Hurricane Barry, concerns about oversupply returned to the fore.

  • Gulf of Mexico platforms ahead of Hurricane Barry, the U.S. offshore drilling regulator said. There were 1.3 million barrels per day of oil production offline in the U.S.-regulated areas of the Gulf of Mexico on Monday, about 80,000 barrels fewer than on Sunday, according to the U.S. Bureau of Safety and Environmental Enforcement. It can take several days for full...

  • SAN FRANCISCO, July 15- U.S. House of Representatives Intelligence Committee Chairman Adam Schiff on Monday pressed major social media companies on how they plan to handle the threat of deepfake images and videos on their platforms ahead of the 2020 elections. Facebook spokesman Andy Stone confirmed the company had received the letter and said it would...