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  • April 23- The S&P 500 inched towards a record high on Tuesday, as a clutch of better-than-expected earnings reports eased concerns of slowing corporate profits and sparked a broad-based rally. The benchmark index is just 0.28% away from an intra-day record high of 2,940.91 hit on Sept. 21. The index has surged about 17 percent this year, helped by a largely upbeat...

  • The Pentagon's biggest weapons supplier is the first major defense company to report quarterly earnings this week, which Wall Street expects to be higher than a year ago as global demand for arms rises. On April 1, in a deal that was partially brokered by Trump, the unit was awarded a THAAD interceptor missile contract worth $2.4 billion, many of which are slated to...

  • BUENOS AIRES, April 23- Argentina is pushing to increase agricultural trade with commodities-hungry China, as farmers on the country's Pampas grains belt prepare for what is expected to be an bumper soybean harvest over the weeks ahead. "We believe Argentina still has a big chance to advance agro-industrial trade and increase its role as a reliable supplier of...

  • KeyBank appeared to be the only bank launching coverage on Tuesday that did not recommend buying Lyft, instead assigning it a "sector weight" rating and warning of slowing growth. Lyft's stock slump since its IPO has raised concerns about the valuation of larger rival Uber Technologies Inc as it prepares to promote its own long-anticipated public listing,...

  • April 23- Electric carmaker Lucid Motors on Tuesday named Peter Rawlinson, former chief engineer of Tesla Inc's Model S, as its chief executive officer, effective immediately. Lucid, which has more than $1 billion investment from Saudi Arabia's Public Investment Fund, said Weng has retired following his 11- year long tenure with the company.

  • WASHINGTON, April 23- The U.S. Federal Reserve on Tuesday proposed a framework for determining when a company has taken control of a bank and must face more rigorous oversight and restrictions, a move that could remove hurdles for banks seeking to attract investors and partners. Randal Quarles, the Fed's vice chair for supervision, said in a prepared statement...

  • MEXICO CITY, April 23- Mexican President Andres Manuel Lopez Obrador said on Tuesday that a government drive to stamp out fuel theft launched days after his administration took office had generated savings of 12 billion pesos. "We have so far saved 12 billion pesos, at the Pemex price, not the price of gas stations," Lopez Obrador told his regular daily press...

  • CHICAGO, April 23- U.S. soybean futures fell to a seven-month low on Tuesday as traders focused on demand destruction resulting from the ongoing U.S. trade war with top global soy buyer China as well as the effects of a devastating disease in China's hog herd. As of 11:40 a.m. CDT, Chicago Board of Trade May soybeans were down 15-3/ 4 cents at $8.61-1/ 4 per bushel, the...

  • WASHINGTON, April 23- The U.S. National Highway Traffic Safety Administration said on Tuesday it is expanding a probe into potentially defective air bags to 12.3 million vehicles and upgrading it to an engineering analysis, a step required before it can seek to compel recalls. The agency, known as NHTSA, said the air bags were installed in some vehicles from model...

  • *Oil majors boost London's FTSE 100. April 23- Energy stocks boosted by a steady surge in oil prices, and a higher open on Wall Street helped European shares erase session losses and close higher on Tuesday, but a sell-off in banks and auto stocks kept gains in check. Energy-heavy London's FTSE 100 led gains in the region, up 0.9 percent at a more than six-month high,...

  • *Dow member United Tech rises after upbeat results. April 23- The S&P 500 was within striking distance of its all-time high on Tuesday as better-than-expected results from Twitter and a host of industrial companies eased concerns about slowing corporate profits. The benchmark was just 0.4% away from an intra-day record high of 2,490.91 hit on Sept. 21.

  • HAMBURG, April 23- Cargo vessels cannot navigate much of the Rhine in Germany when fully loaded after dry weather caused a drop in water levels. Traders said that from Duisburg and Cologne to south Germany the Rhine is too shallow for normal sailings, which means vessel operators impose surcharges on freight rates for cargo owners. More rain is forecast in river...

  • The company topped analysts' estimates for quarterly profit and new orders, sending its shares 3 percent higher to a nine-month high of $31.10 in morning trade. Pulte's focus on lower-priced, first-time buyer lots coupled with the recent decline in mortgage rates could solve some affordability challenges homebuyers face, Chief Executive Officer Ryan...

  • *Wall Street gains on strong corporate results. NEW YORK, April 23- European energy shares had their best day since January on the back of higher oil prices on Tuesday while Wall Street rose on upbeat results that eased fears of slowing profits. The government shutdown earlier this year weakened the economy and corporate growth but since March companies have...

  • Bernstein analyst Ali Dibadj, for example, forecast an operating margin of 20.9%. The world's no.1 maker of personal care goods, which gets more than half its sales from outside North America, has tried to offset the higher costs by upgrading several products and then raising their prices. "We're pricing to recover the costs not to recover the margin, and so we...

  • Federal Reserve Today in Washington. 24- Apr United States Sale of 2- year floating rate notes 24- Apr United States Sale of 5- year notes 24- Apr Italy CTZ/BTPi auction 24- Apr Sweden Auction of government bonds 24- Apr Germany Auction of 10- year Federal bonds 25- Apr United States Sale of 7- year notes 26- Apr Italy Bills auction 29- Apr Belgium OLO Auction 30-...

  • Brazil's pensions secretary said details of the government's pension reform proposal were still being ironed out prior to a congressional committee vote in the afternoon, with several local newspapers reporting the government had agreed to alter certain minor provisions. A report said the changes to the proposal agreed by President Jair Bolsonaro's...

  • April 23- Walgreens Boots Alliance Inc said on Tuesday its drugstores will sell tobacco products to customers who are at least 21 years old under a new policy, effective September. Last week, U.S. Senate Majority leader Mitch McConnell disclosed plans to introduce a legislation to raise the minimum age for buying tobacco products, including vaping devices, to 21...

  • NEW YORK, April 23- Twitter Inc posted better-than-expected quarterly revenue and a surprise increase in monthly users on Tuesday, sending shares up 13 percent to a nine-month high as its campaign to clean up fake and abusive accounts continued to attract advertisers. Twitter's monthly active users rose 9 million to 330 million in the first quarter from the...

  • TORONTO, April 23- Agnico Eagle Mines is doubling down this year on Nunavut, Canadas least developed territory, betting that the high-grade gold ores and slim competition there will offset the risks of digging in the remote location in the far north. They believe the company is making the right move again, thanks to high-grade ores in Nunavut and Agnico's 12 years'...