NEW YORK, Jan 22- U.S. Treasury yields fell to session lows on Tuesday as Wall Street share prices were expected to open lower on worries about slowing economic growth and trade tension between China and the United States, spurring safe-haven demand for bonds. At 9:17 a.m., yields on benchmark 10- year government notes were down 3.4 basis points to 2.746 percent.
TREASURY YIELDS FALL TO SESSION LOWS AHEAD OF WALL STREET OPEN, 10- YEAR YIELD AT 2.743 PCT.
LONDON, Jan 22- U.S. crude oil production will continue to grow through 2019 and 2020, but at a much slower pace than in 2018, according to the latest forecasts from the U.S. Energy Information Administration. But the company sees a more balanced market ahead as sanctions waivers are not renewed, the United States and China resolve their trade differences, and...
*IMF cuts global growth forecasts for the second time in 3 mths. Jan 22- Wall Street's three major U.S. indexes were set to open lower on Tuesday after rallying for four straight weeks, as fears of a global economic slowdown resurfaced after the International Monetary Fund trimmed its growth outlook in a week of heavy corporate earnings. The downgrades reflected...
Now Fender is releasing a California- made acoustic guitar- its first production acoustic built in the United States in nearly 50 years. It has not made acoustics in California since a limited run in the 1960 s and early 1970 s. Fender will be competing against California- based Taylor Guitars and Pennsylvania- based C.F. Martin& Co..
The company said it expects full-year sales in the range of $80.4 billion to $81.2 billion, compared with the average analyst estimate of $82.69 billion, according to IBES data from Refinitiv. In the fourth-quarter, sales rose about 1 percent to $20.39 billion, topping the average Wall Street estimate of $20.20 billion, helped by double-digit percentage...
*LME Volumes by Contract in 2018: https://tmsnrt.rs/2Hrn5L4. LONDON, Jan 22- The London Metal Exchange has unveiled details of seven new contracts that will launch on March 11. This represents something of a revolution for the grand old dame of metal trading.
Jan 22- Gold bounced back on Tuesday from multi-week lows touched in the previous session as mounting concerns of an economic slowdown exacerbated by a cut in the International Monetary Fund's global growth forecast drove investors to the safety of bullion. Spot gold was up 0.3 percent at $1,282.80 an ounce at 1323 GMT, recovering from a dip on Monday to its...
The U.S.- China trade war has slashed exports of U.S. crops to China, further depressing prices. Gregory Heckman, a founding partner of private investment firm Flatwater Partners, was appointed to the board as part of a deal to ease shareholder pressure on management late last year. Bunge said on Tuesday adjusted earnings before interest and taxation in its...
Jan 22- U.S. stock index futures fell on Tuesday, as investors were hit by fears of global economic slowdown after the International Monetary Fund trimmed its growth forecasts in a week of heavy corporate earnings. The downgrades reflected weakness in Europe and were on the same day China released data that confirmed its slowest growth rate in 28 years, adding to...
Jan 22- Halliburton Co beat Wall Street estimates for quarterly profit on Tuesday, as higher demand for its oilfield services in international markets offset a slowdown in North America. Clients in North America, Halliburton's biggest market by revenue, began pulling back on some drilling services last year amid transportation bottlenecks in the largest...
LONDON, Jan 22- The euro struggled near a three-week low on Tuesday as weak data and a cut in European growth forecast by the International Monetary Fund prompted investors to turn bearish on the single currency. "The outlook for the euro has become a bit more cautious and that is reflected in the positioning data," said Kamal Sharma, director of G10 FX strategy at...
Jan 22- Insurer Travelers Cos Inc reported a better-than-expected fourth-quarter profit on Tuesday, as growth in premiums and investment income offset catastrophe losses related to the California wildfires. U.S. property and casualty insurers have been grappling with catastrophe losses arising from the California wildfires and Hurricane Michael in...
LONDON, Jan 22- Aluminium prices rose on Tuesday while zinc matched last week's one-month high as investors brushed off a strong dollar and weaker economic growth in China to focus on that country's slowing production of the two metals. Trading volumes were thin ahead of the Lunar New Year holiday, which will see China shut down for a week. *CHINA ALUMINIUM: "The...
Jan 22- Gold bounced back on Tuesday from multi-week lows touched in the previous session as mounting concerns of an economic slowdown exacerbated by a cut in the International Monetary Fund's global growth forecast drove investors to the safety of bullion. Spot gold was up 0.3 percent to $1,283.50 per ounce at 1131 GMT, recovering from a dip to its lowest since...
Jan 22- Property and casualty insurer Travelers Cos Inc reported a 13 percent rise in fourth-quarter profit on Tuesday, compared to a year earlier when it took a one-time charge related to a change in U.S. tax laws. Net income rose to $621 million, or $2.32 per share, in the fourth quarter ended Dec. 31, from $551 million, or $1.98 per share, a year earlier.
PARIS, Jan 22- U.S. singer Chris Brown was arrested in Paris on Monday with two other people on suspicion of rape, a French police source. The arrests were first reported by Closer magazine, which said Brown, his bodyguard and a friend were detained after a 24- year-old woman alleged she was raped at the singer's suite at the Mandarin Oriental hotel on the night of Jan....
BERLIN, Jan 22- Morale among German investors improved slightly in January, but their assessment of the economy's current condition deteriorated to a four-year low, a survey showed on Tuesday, sending mixed signals for the growth outlook of Europe's largest economy. President Donald Trump's' America First' policies and the possibility that Britain will leave...
Jan 22- Johnson& Johnson reported better-than-expected fourth-quarter revenue on Tuesday, helped by strong demand for its drugs to treat cancer and psoriasis. Overall sales rose to $20.39 billion from $20.20 billion, above the average Wall Street estimate of $20.20 billion, according to IBES data from Refinitiv. The company posted net profit of $3.04 billion,...
Jan 22- Oilfield services provider Halliburton Co reported a quarterly profit on Tuesday, compared with a loss for the same period a year ago when it set aside $1.05 billion for income tax payments related to a change in U.S. taxes. The company said net income attributable to the company was $664 million, or 76 cents per share, for the fourth quarter ended Dec. 31,...
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