U.S. housing starts, producer prices fall in July
Ground breaking for new U.S. homes fell unexpectedly in July, but a rise in single-family home construction for a fifth straight month kept hopes alive the economy was poised to recover from recession. Read Full Article here.
Exxon, China ink $41 billion Australian gas deal
Australia and China struck their biggest trade deal ever on Tuesday as the world's two most valuable listed oil companies, Exxon Mobil and PetroChina <601857.SS>, agreed a $41 billion liquefied natural gas deal. Read Full Article here.
PIMCO'S El-Erian: U.S. stock rally has hit a wall
Mohamed El-Erian, the chief executive of bond fund manager Pacific Investment Management Co, said on Tuesday that the rally in U.S. stock markets has topped out, as valuations are running ahead of fundamentals. Read Full Article here.
Cost cuts help Home Depot beat estimates
Cost cuts and improving sales in California and the northeast United States helped Home Depot Inc's quarterly earnings beat Wall Street estimates, and the company raised its full-year forecast. Read Full Article here.
Apple probes iPhone explosion reports: EU
Apple Inc is investigating media reports that one or more of the company's iPhones have exploded in Europe, a European Commission spokeswoman said on Tuesday. Read Full Article here.
Target profit falls but beats Wall Street view
Target Corp reported its eighth consecutive drop in quarterly profit, but the results were better than Wall Street had expected as the No 2 U.S. discount retailer cut costs and stocked less merchandise. Read Full Article here.