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Tuesday, August 15, 2017

Wall Street set to open higher as North Korea tensions fade

(Reuters) - Wall Street was poised to open higher on Tuesday after North Korea's leader delayed a decision on firing missiles towards the U.S. Pacific territory of Guam, pointing to receding tensions between the United States and North Korea.

U.S. retail sales post biggest gain in seven months

WASHINGTON (Reuters) - U.S. retail sales recorded their biggest increase in seven months in July as consumers boosted purchases of motor vehicles as well as discretionary spending, suggesting the economy continued to gain momentum early in the third quarter.

Three CEOs resign from Trump council over Charlottesville

(Reuters) - The chief executives of Intel Corp, Merck & Co Inc and Under Armour Inc resigned from U.S. President Donald Trump's American Manufacturing Council on Monday, following Trump's initially tepid response to weekend violence at a rally of white supremacists in Charlottesville, Virginia.

Oil traders expect Asia to import more Venezuelan crude if U.S. sanctions kick in

SINGAPORE/HOUSTON (Reuters) - Asia would be the biggest beneficiary of any potential sanctions by the United States on Venezuela's oil sector, said traders and analysts, as exports from the South American OPEC member could be redirected to the region, filling a vacuum left by producer supply cuts.

China says it will defend interests if U.S. harms trade ties

BEIJING (Reuters) - China will take action to defend its interests if the United States damages trade ties, the Ministry of Commerce said on Tuesday, after U.S. President Donald Trump authorized an inquiry into China's alleged theft of intellectual property.

Shares rally, yen and gold fall as Korea tensions ease

LONDON (Reuters) - Shares rose on Tuesday, while the Japanese yen and gold dropped after North Korea's leader delayed a decision on firing missiles towards Guam, easing tensions and prompting investors to buy riskier assets.

Uber investor gave Kalanick a month before suing to force him off board

(Reuters) - Venture capital firm Benchmark Capital said on Monday it gave Uber Technologies Inc and its ousted chief executive, Travis Kalanick, a month to review its recommendations before filing a lawsuit last week to force Kalanick off the board and rescind his ability to fill three board seats.

Linde says acceptance period for Praxair merger starts

FRANKFURT (Reuters) - German industrial gases group Linde said the 10-week acceptance period for its proposed $74 billion merger with U.S. peer Praxair started on Tuesday and would run through Oct. 24.

Air Berlin files for insolvency after Etihad withdraws support

BERLIN (Reuters) - Struggling German airline Air Berlin filed for insolvency on Tuesday after years of losses caught up with it and shareholder Etihad withdrew funding, with rival Lufthansa saying it was in talks to take over parts of its business.

Home Depot tops profit, comp sales estimates; raises forecast

(Reuters) - Home Depot Inc's quarterly profit and comparable sales beat Street estimates as homeowners continued to invest in their homes that are appreciating in value.