Reuters - Business Today

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Tuesday, August 29, 2017

North Korea missile and strong euro sink European stocks

MILAN (Reuters) - World stocks tumbled and safe-haven assets soared on Tuesday after North Korea fired a missile over northern Japan, fuelling worries of fresh tension between Washington and Pyongyang.

Oil prices dip as market grapples with hurricane damage

LONDON (Reuters) - Crude prices dipped on Tuesday as the market grappled with the shutdown of some 13 percent of refining capacity in the United States after a hurricane ripped through the heart of the country's oil industry.

U.S. stock futures lower as North Korea missile test reignites concerns

(Reuters) - U.S. stock index futures were sharply lower on Tuesday, with the Dow e-minis down more than 100 points, as investors scampered to safe-haven assets after North Korea fired a ballistic missile over Japan, sparking concerns about fresh tensions between Washington and Pyongyang.

Apple, Accenture team up on iPhone, iPad apps for businesses

(Reuters) - Technology company Apple Inc and professional services company Accenture PLC said Tuesday they will team up to help businesses build better applications for iOS, the operating system that powers Apple's iPhone and iPad.

Despite new U.S. sanctions, Russian oil traders say it's business as usual

MOSCOW (Reuters) - Russian oil companies will quickly find ways to work around tighter restrictions imposed this month by the United States on the foreign finance they can use, multiple Russian oil industry sources told Reuters.

Best Buy lifts annual sales forecast after strong second-quarter results

(Reuters) - Best Buy Co Inc , the No. 1 U.S. consumer electronics retailer, reported better-than-expected quarterly sales and earnings on Tuesday and raised its annual revenue forecast, led by robust demand for smartphones and wearable devices.

Power of love: China's latest arranged match rattles utilities

BEIJING (Reuters) - Beijing announced its latest arranged marriage by matching the country's top coal miner with one of its biggest utilities to create a global powerhouse worth $280 billion on China's Valentine's Day.

BAML, FAB to get roles in IPO of Emaar's UAE real estate unit: sources

DUBAI (Reuters) - Bank of America Merrill Lynch and First Abu Dhabi Bank are set to join Goldman Sachs in getting roles in the share sale of the UAE real estate development business of Emaar Properties , sources told Reuters on Tuesday.

Philippines lifts Uber suspension after it pays nearly $10 million in penalties

MANILA (Reuters) - The Philippines lifted its one-month suspension on Uber Technologies [UBER.UL] ahead of schedule on Tuesday after the ride-hailing firm paid almost $10 million in a fine and financial aid to its drivers affected by the halted operations.

Ford teams with Domino's on self-driving pizza delivery test

ANN ARBOR, Mich. (Reuters) - Ford Motor Co and Domino's Pizza Inc in September will begin testing Michigan consumers' reactions to having their pies delivered by self-driving vehicles, the companies said on Tuesday.