Reuters - Before the Bell

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Tuesday, August 13, 2019

Shares shunted after Argentina crash, safe-havens shine

Share markets fell for a third straight day on Tuesday as fears about a drawn out global trade war, protests in Hong Kong and a crash in Argentina's peso currency kept investors huddled in bonds, gold, and the Japanese yen for safety.

Futures slide amid geopolitical tensions, trade worries

U.S. stock index futures fell on Tuesday, tracking a global shift out of riskier assets, as investors grappled with simmering geopolitical tensions and fears of a recession due to a drawn-out U.S.-China trade war.

As Barneys struggles, fashion vendors try on alternative channels

When fashion label Prada started demanding greater control over shop floor arrangements in U.S. department stores, Barneys New York, now mired in bankruptcy proceedings, was one of the few with enough swagger to resist.

Oil rises on talk of more OPEC cuts, demand concerns linger

Oil prices edged higher on Tuesday as expectations for major producers to further curtail output offset lingering concerns over global demand and rising U.S. production.

Austria's AMS says looking forward to discussions with Osram

Sensor specialist AMS on Tuesday said it took note of Osram's willingness to discuss a takeover and was looking forward to discussions.

Exclusive: Yuan at right level, disorderly capital flows unlikely - China central bank official

China's yuan is at an appropriate level currently and two-way fluctuations in the currency will not necessarily cause disorderly capital flows, a senior official at the People's Bank of China told Reuters on Tuesday.

Reliance shares see biggest intraday gain in a decade; rivals hit by disruption fears

Reliance Industries shares saw their biggest intraday rise in more than a decade on Tuesday, after the company set a target to reach zero net debt in 18 months and vowed to reward shareholders with higher dividends and periodic bonus issues.

Exclusive: Citgo chooses new CEO to navigate political, legal turmoil - sources

Citgo Petroleum Corp has selected Carlos Jorda as its next chief executive, according to three people familiar with the matter, turning to a seasoned refinery expert and native Venezuelan to run a company facing legal attacks and working under U.S. sanctions against parent Petroleos de Venezuela (PDVSA).

African Americans underserved by U.S. banks: study

Many African Americans have difficulty accumulating savings in part because they lack access to mainstream financial services like banking, a new study on the contributing factors to the U.S. racial wealth gap by McKinsey & Co found on Tuesday.

Scout24 to explore sale or spin-off of autos platform

German classified listings group Scout24 said on Tuesday it would explore a sale or spin-off of its autos platform after facing calls from activist investor Elliott to sell the business.