Reuters - Business Today

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Tuesday, August 22, 2017

European stocks break three-day losing streak

LONDON (Reuters) - European stocks broke a three-day losing streak on Tuesday, building on gains in other markets and boosted by rising commodity prices.

Coca-Cola, PespiCo and others agree to cap sugar in drinks in Singapore

SINGAPORE (Reuters) - Seven major drinks companies including Coca-Cola and PepsiCo will limit the sugar content of drinks they sell in Singapore, as part of the city-state's campaign to fight diabetes.

Wall Street set to open higher as investors go bargain hunting

(Reuters) - U.S. stocks were set to open higher on Tuesday as investors picked up beaten-down stocks following a turbulent two weeks, while awaiting the annual central bankers meeting in Jackson Hole later this week.

Hyundai will launch pickup, more SUVs to reverse U.S. sales slide

DETROIT/SEOUL (Reuters) - Hyundai Motor plans to launch a pickup truck in the United States as part of a broader plan to catch up with a shift away from sedans in one of the Korean automaker's most important markets, a senior company executive told Reuters.

Great Wall Motor says it has not contacted Fiat Chrysler's board

HONG KONG (Reuters) - Chinese automaker Great Wall Motor Co Ltd has not contacted Fiat Chrysler Automobiles NV's board nor has it signed any agreements with the Italian-American automaker, it said on Tuesday.

Toll Brothers' revenue misses, cuts FY gross margin view

(Reuters) - Toll Brothers Inc's quarterly revenue missed Wall Street estimates as the U.S. luxury homebuilder sold homes at lower prices and the company cut the top end of its full-year gross margin forecast.

Ford, China's Zotye Auto plan JV to build electric vehicles

SHANGHAI (Reuters) - Ford Motor is exploring setting up a joint venture with Chinese firm Anhui Zotye Automobile Co to build electric passenger vehicles in China under a new brand, tapping into a boom for such vehicles in the world's top auto market.

South Korea, U.S. fail to reach agreement on possible revision to FTA deal

SEOUL (Reuters) - South Korean and U.S. officials failed to agree on Tuesday on how to move forward on discussions over their five-year-old free trade agreement that Washington is seeking to change to help cut its trade deficit with Asia's fourth-largest economy.

Nestle, Unilever, Tyson and others team with IBM on blockchain

CHICAGO/NEW YORK, (Reuters) - Nestle SA , Unilever Plc , Tyson Foods Inc and other large food and retail companies have joined IBM's project to explore how blockchain technology can help track food supply chains and improve safety, the companies said in a joint statement on Tuesday.

Exclusive: China's 'big four' banks raise billions for Belt and Road deals - sources

HONG KONG (Reuters) - China's largest state-owned commercial banks are raising billions to fund investment under Beijing's "Belt and Road" drive, people close to the matter said, bolstering ambitions to revive Silk Road trade routes and internationalize the yuan.