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S&P hits record high, equals longest-ever bull run

The benchmark S&P 500 touched a record high on Tuesday and equaled its longest-ever bull-market run, as U.S. stocks rose on encouraging earnings reports and hopes that the United States and China could resolve their tariff dispute.

Instant View: S&P 500 trades above January high at new record

The S&P 500 stock index rose as much as 0.57 percent on Tuesday to 2,873.23, putting it above its previous record high of 2,872.87 on Jan. 26. Bolstered by quarterly earnings reports and a rise in stock buybacks, the benchmark S&P 500 has gained over 2 percent in the past month.

The bull that won’t die: S&P 500 back at a record after months on ice

After a seven-month stall, Wall Street’s bull market looks back on track, thanks to Amazon.com , Alphabet and other high-flying technology and consumer discretionary companies.

Italy state lender CDP may take over Autostrade: sources

Italian state lender Cassa Depositi e Prestiti (CDP) may buy a controlling stake in Autostrade per l’Italia in the wake of the collapse last week of a bridge the motorway operator managed, two sources told Reuters on Tuesday.

Dallas Fed chief Kaplan endorses three or four gradual rate hikes

Tsipras warns of fresh battles after bailout ends

Greek premier says country has endured an ‘odyssey’ of [...]

Dollar falls, emerging markets rally after Trump’s Fed attack

The dollar weakened on Tuesday after U.S. President Donald Trump slammed the Federal Reserve for raising interest rates, while global equity markets rose as strong economic and earnings growth favored stocks in a relatively benign environment.

BHP warns protectionism will stoke U.S. costs

Protectionism will result in higher prices for U.S. citizens, a senior executive at BHP said on Tuesday, adding that the mining company was already seeing the effect.

Ex-UBS trader avoids deportation – for now

Kweku Adoboli, who was convicted of a huge fraud in 2012, is trying to avoid being sent back to [...]

Uber hires CFO after lengthy search, paving way for IPO

Uber Technologies Inc [UBER.UL] has hired a chief financial officer, the ride-services company said on Tuesday, filling a long-standing vacancy and clearing the way for a much-anticipated initial public offering next year.

Wall St. up on trade hopes, S&P equals longest bull run

The benchmark S&P 500 edged closer to a record high on Tuesday, matching its longest-ever bull-market run, as U.S. stocks rose after some encouraging earnings reports and on hopes that the United States and China could resolve their tariff dispute.

American cuts second U.S.-China flight; cites fuel cost, competition

American Airlines is cutting a route from Chicago to Shanghai, cancelling the second direct flight from the U.S. city to China in four months, the carrier said on Tuesday, citing higher fuel costs and a “competitive environment.”

Trump’s Fed attack sees dollar dive and emerging markets rally

Critical comments by U.S. President Donald Trump about the country’s central bank saw the dollar fall for the fourth straight day in its worst spell since March, boosting emerging market stocks and currencies in the process.

Nike removes balaclava accused of ‘targeting gun culture’

The company says it was “in no way condoning the serious issues of criminal and gang [...]

Exclusive: Trump demands Fed help on economy, complains about interest rate rises

U.S. President Donald Trump said on Monday he was “not thrilled” with the Federal Reserve under his own appointee, Chairman Jerome Powell, for raising interest rates and said the U.S. central bank should do more to help him to boost the economy.

Wall St. rises on trade, earnings optimism

U.S. stock indexes rose on Tuesday, with the S&P closing in on its all-time high, helped by some encouraging earnings reports and optimism that planned trade talks between the United States and China would help resolve their trade spat.

Exclusive: Trump doesn’t expect much from China trade talks this week

U.S. President Donald Trump does not expect much progress from trade talks with China this week in Washington, he told Reuters on Monday.

Wall St. opens higher on earnings, trade optimism

U.S. stocks opened higher on Tuesday, helped by some encouraging earnings reports and anticipation that planned trade talks between the United States and China would help resolve the spat between the world’s two largest economies.

US and China to attempt revival of trade negotiations

Neither country optimistic that Washington meeting will be [...]

Lyft surpasses 5,000 self-driving rides with Aptiv fleet

Lyft has completed more than 5,000 self-driving rides through its ride-hailing app, the company said on Tuesday, as it aims to become a serious competitor in autonomous driving while its biggest rival, Uber, retrenches.

Can Venezuela halt hyperinflation?

Experts doubt that lopping five zeroes off the currency will solve its economic woes anytime [...]

Norway’s oil fund warns over trade barriers

One of world’s biggest investors concerned over fallout from US spat with [...]

Barclays hires Goldman e-trading engineer to reboot markets business

Futures gain ahead of planned U.S.-China trade talks

U.S. stock index futures rose on Tuesday on hopes that planned trade talks between the United States and China would help resolve the dispute between the world’s two largest economies.

Britain can’t afford to close door to EU banks after Brexit

Britain is expected to keep the door open for European Union banks and investors after Brexit to try to preserve London’s global financial clout, irrespective of whether it gets a good trade deal from the bloc, bankers and industry officials say.

Norway wealth fund allowed to stay on as investor if Tesla goes private

Rules governing Norway’s $1 trillion wealth fund would allow it to stay on as an investor in Tesla if the electric carmaker goes private, its deputy CEO said on Tuesday.

Government’s July surplus at 18-year high

Analysts say the improvement in public finances could give the chancellor extra money for the [...]

Businessman Richard Cousins ‘leaves £41m’ to Oxfam

The charity received the cash after Richard Cousins and two sons died in a plane crash in [...]

Foreign casino operators go all in as they vie for Osaka license

In late July, a lavish fireworks display lit up Osaka’s skies in the finale to one of Japan’s most famous festivals, courtesy of a first-time sponsor: Macau casino operator Melco Resorts and Entertainment Ltd .

Trump’s Fed attack sees dollar dive and stocks struggle

Critical comments by U.S. President Donald Trump about the country’s central bank held back some stocks on Tuesday, while the dollar fell for the fourth consecutive day in its worst spell since March.

Jamie Oliver’s ‘jerk rice’ accused of cultural appropriation

Labour MP Dawn Butler has criticised the chef, saying “this appropriation from Jamaica needs to [...]

Microsoft claims win over ‘Russian political hackers’

Cyber-attacks on US political groups are stopped after Microsoft grabs key net domains, the company [...]

Instant View: Trump takes Fed to task for rate hikes in Reuters interview

U.S. President Donald Trump said on Monday he was “not thrilled” with Federal Reserve Chairman Jerome Powell for raising interest rates and accused China and Europe of manipulating their respective currencies.

Exclusive: Trump says ‘most likely’ to meet North Korea’s Kim again

U.S. President Donald Trump said on Monday he would “most likely” meet again with North Korean leader Kim Jong Un, while defending his efforts to convince Pyongyang to give up its nuclear weapons.

Exclusive: Trump vows ‘no concessions’ with Turkey over detained U.S. pastor

U.S. President Donald Trump on Monday ruled out agreeing to any demands from Turkey to gain the release of a detained American pastor and said he was not concerned that his tough stance could end up hurting European and emerging market economies.

House of Fraser’s flagship London store saved

The chain’s new owners agree terms to keep the store on London’s Oxford Street [...]

UK can be ’21st Century exporting superpower’, says Liam Fox

The international trade secretary outlines post-Brexit aspirations – but businesses ask for [...]

Trump accuses China of ‘manipulating’ its currency

President also criticises the US Federal Reserve for raising interest rates, sending the dollar [...]

Asian stocks up on hopes trade tensions ease, Trump comments hit dollar

Asian stocks rose on Tuesday, supported by hopes Beijing and Washington would dial back trade hostilities, though comments from the U.S. president about the yuan and Federal Reserve policy capped gains and weighed on the dollar.

Fed’s solo act faces tremors in Turkey and a slower Europe

The U.S. Federal Reserve, deep into a cycle of rate hikes it hopes to continue into 2020, now faces emerging risks from abroad that could short-circuit its plans.

U.S. tariffs cast a cloud over Huawei’s solar electronics launch

Huawei Technology Co’s coming U.S. launch of a solar-panel control device is expected to collide with new Trump administration tariffs on Chinese electronics, undermining a product that analysts had seen as challenging rivals on pricing.

Venezuela crisis: More migrants cross into Brazil despite attacks

The number of people crossing the border increases, as Venezuela tries to stabilise its [...]

Fed chairman has chance to keep economic expectations in check

Jay Powell’s first Jackson Hole address comes as big calls on future monetary policy [...]

Japan’s Daikin, thriving in Asia and India, sets sights on Africa

Daikin Industries, the world’s largest maker of air conditioning equipment, is turning to Africa for further expansion, 10 years after a successful gamble on sharing its key technology with a Chinese company.

Exclusive: Trump worries that Mueller interview could be a ‘perjury trap’

U.S. President Donald Trump said on Monday he was worried that any statements under oath he provides to Special Counsel Robert Mueller could be used to bring perjury charges against him as part of the probe into Russia’s electoral interference.