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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.
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EUROPE & MIDDLE EAST
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
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.
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%.
UPDATE 2-Volkswagen in talks over $3 bln deal for Europcar
* Deal would help VW broaden its transport offering (Recasts with confirmation by Europcar)
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.
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.
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.
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.
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.
PRECIOUS-Gold nudges up as dollar softens, eyes on Fed meeting
* Gold to could remain rangebound until Fed meeting -analyst (Updates prices)
Data delayed by at least 15 min
Data delayed by at least 15 min
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