Breaking business news for July 10, 2017

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Monday, July 10, 2017

Futures slightly up on optimism over solid jobs data

(Reuters) - U.S. stock index futures were slightly higher on Monday as the latest jobs report increased optimism that a tightening labor market would keep the Federal Reserve on course for a third rate hike this year despite benign inflation.

World stocks rally, dollar up to two-month high against yen

LONDON (Reuters) - Stock markets rallied on Monday and the U.S. dollar hit a two-month high against the yen, as robust economic data from the United States and Germany left investors increasingly confident about the strength of the world economy.

COSCO Shipping shares climb after bid to become third-biggest container line

SHANGHAI/HONG KONG (Reuters) - COSCO Shipping Holdings Co Ltd saw its stock climb on Monday after bidding $6.3 billion for a Hong Kong peer, a deal that would see it become the world's third-biggest container shipper and underline China's supply-chain ambitions.

China's Wanda steps back from theme park, hotel drive with $9.3 billion Sunac deal

HONG KONG (Reuters) - Chinese property giant Dalian Wanda Group plans to sell tourism projects and hotels in the country to Sunac China for $9.3 billion, as it dials back its theme-park ambitions and brings down its debt pile.

Eurofer ups EU steel demand forecast, warns on 'disastrous' U.S. tariff plan

LONDON (Reuters) - European steel association Eurofer raised its 2017 EU steel demand forecast on Monday but said isolationist measures such as a U.S. plan to levy steel tariffs on national security grounds could be disastrous for global trade flows.

Jawbone's demise a case of 'death by overfunding' in Silicon Valley

SAN FRANCISCO (Reuters) - Consumer electronics company Jawbone had more than enough money to take on Fitbit and other health-tracking devices in the "wearables" market.

With new Camry, Toyota eyes bigger share of ailing U.S. sedan market

TOKYO (Reuters) - Toyota Motor Corp on Monday said it was committed to the ailing U.S. sedan market and that it expected a new model of its Camry, the top-selling passenger car in the United States for decades, to help boost the company's sales in the segment.

Activist Loeb keeps up pressure on Nestle: source

LONDON (Reuters) - Activist investor Dan Loeb is keeping up pressure on Nestle by sharing views with the company as part of a regular dialogue, a source familiar with the matter told Reuters.

Dutch prosecutor to examine use of emissions software by Jeep, Suzuki: official

AMSTERDAM (Reuters) - Dutch prosecutors said on Monday they will look into possible misuse of emissions software by Suzuki and Fiat Chrysler's Jeep.

Siemens takes legal action over turbines in Crimea: source

BERLIN (Reuters) - Germany's Siemens has taken legal action to prevent the installation of its electricity turbines in Crimea, a region subject to EU sanctions for energy technology, a company source with knowledge of the situation told Reuters on Monday.

Breaking business news for July 10, 2017

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