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S&P 500, Nasdaq post best quarter since 2020 despite Iran war

By Caroline Valetkevitch and Niket NishantThe S&P 500 and Nasdaq finished out the quarter with their biggest quarterly gains since 2020 as investors remained upbeat about economic and earnings growth even amid the Middle East conflict.The indexes ended higher for the day as well on Tuesday, with te…

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Earthquake of magnitude 5.7 strikes Gulf of California, GFZ says

An earthquake of magnitude 5.7 struck off the coast of Mexico's Sinaloa in the Gulf of California on Tuesday, the German Research Center for Geosciences (GFZ) said.The quake was at a depth of 10 km (6.21 miles), GFZ said.

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Brazil to partially scrap diesel subsidy after Brent prices ease

Brazil will scrap part of the diesel subsidy, which was launched this year, to limit the impacts of higher global oil prices, Finance Minister Dario Durigan said on Tuesday.Brazil is going to cut a subsidy of 0.35 reais ($0.068) per liter from July, Durigan told journalists in Brasilia.The administ…

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Futures
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Congo traces possible Ebola spread to two new provinces, sources say

Congolese health authorities are tracing people potentially exposed to Ebola in two provinces not previously affected by the latest outbreak, amid fears the virus could spread further, a health ministry report and a senior health official said.The outbreak, declared on May 15, has so far infected 1…

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Italy's state railways' chief Donnarumma resigns after rift with government

Italy's state-controlled railway company Ferrovie dello Stato Italiane said on Tuesday that Stefano Donnarumma has resigned as chief executive officer, following months of disagreements with the government.Reuters reported last week that Donnarumma was set to depart as relations with Italian Prime…

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Activist Jana Partners has new stake in Everpure, sources

By Svea Herbst-BaylissActivist investor Jana Partners has built a new position in technology company Everpure NYSE:P and is expected to soon announce the holding in a regulatory filing, according to two sources and documents reviewed by Reuters.The hedge fund began building its position in the firs…

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StocksUS
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Saab signs $2.54 billion Gripen fighter jet deal with Ukraine

Swedish defence equipment maker Saab OMXSTO:SAAB_B signed a contract on Tuesday to deliver 16 Gripen E fighter aircraft to Ukraine in a deal worth about 24.6 billion Swedish crowns ($2.54 billion).Ukrainian President Volodymyr Zelenskiy, writing on the Telegram messaging app, said the agreement rea…

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StocksSE
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CBOT soybeans end firm, following higher corn and wheat

Chicago Board of Trade soybean futures firmed on Tuesday as spillover support from higher corn and wheat markets overshadowed pressure from a jump in U.S. plantings and a larger-than-expected stocks estimate from the U.S. Department of Agriculture, analysts said.

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Futures