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EDITION:INTERNATIONAL
MARKETS & FINANCE NEWS
IMF raises growth forecasts for rich nations, dims outlook for developing world
WASHINGTON (Reuters) -The International Monetary Fund on Tuesday maintained its 6% global growth forecast for 2021, upgrading its outlook for the United States and other wealthy economies but cutting estimates for developing countries struggling with surging COVID-19 infections.
U.S. consumer confidence at 17-month high; business spending on equipment strong
1:20PM EDT
Centene says COVID-19 costs could rise in coming quarters as Delta poses threat
1:15PM EDT
Inflation could pour cold water on Bank of Canada's hot-economy strategy
11:12AM EDT
Global commercial insurance prices rose 15% in second quarter- Marsh report
11:24AM EDT
Beijing crackdown spurs $2.6 billion Chinese equity outflow this week-IIF
1:16PM EDT
REGIONAL MARKETS NEWS
UNITED STATES
EUROPE & MIDDLE EAST
ASIA PACIFIC
TREASURIES-U.S. yields skid on growth worries; Fed policy update looms
U.S. Treasury yields tumbled on Tuesday as risk appetite continued to languish amid lingering concerns about high inflation and the fast-spreading Delta coronavirus variant that could thwart global economic growth. In
2:04PM EDT
Ant-backed Hello Inc says goodbye to U.S. IPO plans
China's Hello Inc, an app-based ride services provider backed by Jack Ma's Ant Group, on Tuesday scrapped plans for an initial public offering in the United States against the backdrop of a regulatory crackdown on U.S.-listed Chinese companies.
1:23PM EDT
REFILE-UPDATE 3-Rising supply costs dull upbeat quarterly show by industrial giant 3M
3M, the biggest U.S. producer of N95 masks, warned on Tuesday that surging raw material and freight costs would impact its annual profit, dampening upbeat quarterly results and sending its shares down as much as 3.3%.
1:22PM EDT
UPDATE 2-Volkswagen in talks over $3 bln deal for Europcar
* Deal would help VW broaden its transport offering (Recasts with confirmation by Europcar)
1:18PM EDT
UPDATE 2-Morrisons stakeholder Silchester not inclined to support Fortress takeover
WM Morrison's biggest shareholder, Silchester, is not inclined to support a takeover offer from private equity firm Fortress Investment Group at upcoming court and shareholder meetings, it said on Tuesday.
1:17PM EDT
UPDATE 1-Investor Steinhardt loses case over George Washington portrait sale
Michael Steinhardt, a former hedge fund titan on Wall Street, lost a lawsuit he filed against an art gallery and its president for allegedly making an "unfair secret profit" from the $12 million sale on consignment of a portrait of George Washington.
1:09PM EDT
METALS-Copper prices dip ahead of Fed meeting
Copper prices snapped a five-session winning streak on Tuesday as investors held off on making large bets ahead of a U.S. Federal Reserve meeting expected to give more direction on monetary policy.
1:05PM EDT
WRAPUP 2-U.S. consumer confidence at 17-month high; business spending on equipment strong
U.S. consumer confidence inched up to a 17-month high in July, with households' spending plans rising even as concerns about higher inflation lingered, suggesting the economy maintained its strong growth clip early in the third quarter.
1:05PM EDT
GRAPHIC-Global sustainable fund assets hit record $2.3 tln in Q2, says Morningstar
Global sustainable mutual fund assets hit a fresh record high in the second quarter, led by flows into equities, although the pace of net inflows slowed from the prior quarter, data from Morningstar showed.
1:03PM EDT
PRECIOUS-Gold nudges up as dollar softens, eyes on Fed meeting
* Gold to could remain rangebound until Fed meeting -analyst (Updates prices)
12:45PM EDT
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