Reuters - Business Today

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Tuesday, July 4, 2017

Shares, oil stumble after flying start to second half

LONDON (Reuters) - World shares and oil pulled back and bonds and gold were back in favor on Tuesday, as a long-range ballistic missile test by North Korea and July 4 holidays for U.S. markets restricted risk appetite.

Oil eases on U.S. holiday after eight days of gains

LONDON (Reuters) - Oil prices fell on Tuesday, as investors booked profits on an eight-day rally that was triggered by tentative signs that a persistent rise in U.S. crude production may be slowing.

Trump to promote U.S. natgas exports in Russia's backyard

WASHINGTON (Reuters) - President Donald Trump will use fast-growing supplies of U.S. natural gas as a political tool when he meets in Warsaw on Thursday with leaders of a dozen countries that are captive to Russia for their energy needs.

Samsung plans $18.6 billion South Korea investment to widen chip lead

SEOUL (Reuters) - Samsung Electronics Co Ltd said on Tuesday it will invest at least $18.6 billion in South Korea to extend its lead in memory chips and next-generation smartphone displays, in a plan that promises to create almost half a million jobs.

Glitch causes prices of Apple, Google, other stocks to appear off

NEW YORK (Reuters) - The prices of several big-name Nasdaq-listed stocks appeared on some websites to either spike or plummet well after the closing bell on Monday, seemingly due to a glitch related to the market data that runs the largely automated markets.

Corvex, NYC investment group seek to scuttle Clariant-Huntsman deal

ZURICH (Reuters) - Activist investor Keith Meister's Corvex hedge fund and New York's 40 North said on Tuesday they had taken a 7.2 percent stake in Clariant to fight the Swiss chemical maker's planned merger with Huntsman Corp .

Fed says Yellen was hospitalized for a few days, returning to work this week

WASHINGTON (Reuters) - Federal Reserve Chair Janet Yellen was hospitalized over the weekend to treat a urinary tract infection while she was vacationing with her family in London, the Fed said in a statement on Monday.

Tesla deliveries at low end of forecast, starting Model 3 production

(Reuters) - Tesla Inc said it delivered about 47,100 electric sedans and SUVs in the first half of 2017, at the lower end of its own forecasts, shortly after Chief Executive Elon Musk announced that production of its mass-market Model 3 would start this week and build to 20,000 per month in December.

Facebook fights U.S. gag order that it says chills free speech

SAN FRANCISCO/WASHINGTON (Reuters) - Facebook Inc is challenging a gag order from a U.S. court that is preventing the company from talking about three government search warrants that it said pose a threat to freedom of speech, according to court documents.

VW to start importing cars to Iran in August with partner Mammut Khodro

BERLIN (Reuters) - Volkswagen will start importing cars to Iran next month, returning to the resurgent Middle Eastern market after 17 years in a move that may help the German group trim reliance on volatile overseas markets such as China and Brazil.