GRAINS-Corn rises after sharp drop; soy, wheat firm SINGAPORE, July 28- Chicago corn futures edged up on Tuesday, after suffering its biggest one-day decline since September 2013 in the previous session due to pressure from ideal weather for crop development across the U.S. grain belt. Soybeans rose after dropping almost 6 percent over the last three sessions, while wheat firmed following a drop to one-month low...
Yen stands tall with Fed, China in focus The safe-haven yen held firm in early trade on Tuesday, as investors remained cautious ahead of a two-day U.S. Federal Reserve meeting beginning later this session.
FOREX-Yen stands tall with Fed, China in focus TOKYO, July 28- The safe-haven yen held firm in early trade on Tuesday, as investors remained cautious ahead of a two-day U.S. The dollar was nearly flat on the day at 123.260 yen after falling as low as 123.010 yen in the previous session, while the euro was buying 136.71 yen, after rising as high as 137.10. "We think FOMC will surprise on the hawkish side, provided a...
| By: Lisa Twaronite
UPDATE 1-Baidu profit weighed down by offline mobile services push July 27- Baidu Inc's quarterly profit missed analysts' estimates as China's biggest Internet search company spent heavily to diversify away from its core search advertising business, which is becoming less profitable and more competitive. Baidu's shares fell more than 8 percent in extended trading on Monday after the company's current-quarter revenue...
Rates on US Treasury bills rise to highest point this year The Treasury Department auctioned $24 billion in three-month bills at a discount rate of 0.050 percent, up from 0.030 percent last week. Another $24 billion in six-month bills was auctioned at a discount rate of 0.145 percent, up from 0.135 percent last week. For a $10,000 bill, the three-month price was $9,998.74, while a six-month bill sold for $9,992.67.
Source: The Associated Press
Baidu's revenue forecast misses estimates, shares fall July 27- Baidu Inc, China's biggest Internet search company, forecast current quarter revenue that missed analysts' average estimate, sending its shares down more than 5 percent in extended trading. For the third quarter, Baidu forecast revenue of 18.17 billion yuan to 18.58 billion yuan, below analysts' average estimate of 18.79 billion yuan, according to...
TREASURIES-Long-term U.S. bond prices gain from China stock rout NEW YORK, July 27- U.S. "The overnight action with the flight to quality in China, and Europe as well, is a continuation of a larger move in the last six to eight trading sessions of a relentless flattening of the yield curve," said Edward Acton, U.S. Treasuries strategist at RBS Securities in Stamford, Connecticut.
| By: Daniel Bases
Record fine against Fiat Chrysler CNBC's Phil LeBeau, and Anthony Foxx, Secretary of Transportation, discuss the $105 million fine for Fiat Chrysler's relating to the handling of its vehicle recalls.