WASHINGTON U.S. private job growth slowed sharply in July, pointing to a loss of momentum in the economy heading into the third quarter that could temper expectations of a September interest rate hike.
UniCredit, Italy's largest bank by assets, reported net income rose nearly 30 per cent in the second quarter with bad loans down as Italy's economy shows weak signs of recovering from a three year recession.
Wall Street was set to open higher on Wednesday after data showed private sector hiring in July rose the least since April, reducing expectations of a strong reading in the government's payrolls report due Friday.
Walt Disney Co. set a record for profit in its most recent fiscal quarter but warned that dramatic changes in the television landscape could eat into earnings.
At least 24 people died and hundreds were rescued after two passenger trains derailed nearly side by side as they crossed a bridge in central India late Tuesday night.