Europe seen lower; data, oil weigh European equities are expected to open lower Tuesday after slipping oil prices and energy stocks dented sentiment on Wall Street and in Asia.
| By: Holly Ellyatt
China's yuan stays flat as central bank signals stability SHANGHAI, Aug 4- China's yuan was flat against the dollar on Tuesday after the central bank set the official guidance rate almost unchanged, sending a message that monetary authorities wish to see the currency steady for the moment, traders said. China's economy is slowing, exerting downward pressure on the yuan. In a related development, China's Ministry of...
Bull run in iron ore? Not really Asian spot iron ore does meet the technical definition of being in a bull market but the fact remains that it is 25.7% down so far this year.
| By: Clyde Russell
China stocks rise at market open SHANGHAI, Aug 4- China major stock indexes opened up on Tuesday. China CSI300 stock index futures for August rose 1.5 percent, to 3,673, 163.67 points below the current value of the underlying index. The Hang Seng index in Hong Kong was unchanged at 24,418.56 points.
METALS-London copper struggles near six year lows on growth concerns MELBOURNE, Aug 4- London copper slipped back on Tuesday towards six-year lows hit in the previous session after factory reports in China and the U.S. stoked worries about global growth, dragging on most metals. *Three-month copper on the London Metal Exchange dipped 0.3 percent to $5,204 a tonne by 0046 GMT, after closing little changed in the previous session...
UPDATE 3-Puerto Rico makes only partial bond payment; broader defaults possible NEW YORK, Aug 3- Puerto Rico has defaulted on its debt by paying only a fraction of what was due on bonds due Aug. 1, showing the depth of the island's economic and cashflow problems and potentially opening the door to broader defaults and litigation from bondholders. The U.S. commonwealth paid only $628,000 of a $58 million payment due on its Public Finance Corp...
| By: Megan Davies and Jessica DiNapoli
IMAX's big picture: CEO IMAX Corporation CEO Rich Gelfond discusses his company's growth and the reasons behind the stock's recent slowdown, with "Mad Money" host Jim Cramer.