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Yields pare losses after 3-year note auction

U.S. Treasury prices dipped on Tuesday, as focus turned to U.S. data and the first of this week's Treasury auctions - a $24 billion 3-year note sale.
Source: Reuters
TREASURIES-Greece worries push yields to five-week lows

Yields on 30- year Treasuries fell below 3 percent, with the demand also driven by China's slumping equities markets, according to traders. Greek Prime Minister Alexis Tsipras launched another bid to win fresh aid at an emergency euro zone summit but German Chancellor Angela Merkel said there was still no basis for reopening negotiations.
Source: Reuters | By: Michael Connor
UPDATE 2-Carnival aims to start Cuba cruises in May after U.S. approval

MIAMI, July 7- Carnival Corp has won U.S. approval to operate cruises to Cuba and plans to start taking travelers there in May, joining a growing list of maritime companies hoping to profit from a thaw in relations between Washington and Havana. Miami- based Carnival, the world's largest cruise operator, said it was still in talks with Cuba for approval to start...
Source: Reuters | By: David Adams
Supply demand balance issue: Pro  

Ed Morse, Citi global head of commodities research & managing director, discusses the correlation between oil rig count and price of oil.
Source: CNBC.com
How Subway can recover from Jared

With Jared from Subway linked in reports to a child porn case, the chain needs to act smartly-and not too quickly, experts say.
Source: CNBC.com | By: Michelle Castillo
Why Chris Christie may have an edge in GOP race

Media consultant Mark Macias offers up his assessment of Chris Christie's shot at the GOP nomination for 2016.
Source: CNBC.com | By: Mark Macias
UPDATE 2-Silver Wheaton stock falls on tax audit; top investor backs company

VANCOUVER, July 7- Shares of Silver Wheaton Corp fell more than 10 percent on Tuesday after the mining finance company said it might have to pay $200 million or more in taxes and penalties in Canada. Vancouver- based Silver Wheaton said late on Monday it had received a letter from the Canada Revenue Agency, which is proposing taxing about C $715 million of income...
Source: Reuters | By: Nicole Mordant
Oil rout may be worse for drillers than you think

A sudden oil price downturn puts drillers with weak balance sheets in a tough position ahead of a critical test of their health.
Source: CNBC.com | By: Tom DiChristopher
GLOBAL MARKETS-Stocks, euro fall on Greece concerns; commodities tumble

*U.S. stocks fall, MSCI world index down 0.8 pct. NEW YORK, July 7- Global equity markets fell on Tuesday and the euro hit a five-week low against the dollar as euro zone leaders held an emergency summit to discuss Greece's future in the currency bloc, while commodities sold off on China demand worries. Copper prices dropped to a six-year low following the dollar's...
Source: Reuters | By: Caroline Valetkevitch
FAQ: Oil analysts and experts on Iran nuclear deal

*Iran deal could come in next 48 hours. LONDON, July 7- Iran, the United States and five other major powers are trying to reach an agreement to restrain the Iranian nuclear programme in exchange for relief from economic sanctions. Richard Nephew, Program Director at the Center for Global Energy Policy at Columbia University, in New York, said he thought...
Source: Reuters | By: Christopher Johnson