Reuters Business Today: August 25, 2015

Click to View in Browser Tuesday, August 25, 2015 Wall Street poised to rebound after global market rout (Reuters) - U.S. stocks looked set to rebound sharply on Tuesday as investors seek out bargains a day after Wall Street turned in its worst performance in four years. China cuts rates, reserve ratio after stocks plummet again SHANGHAI (Reuters) - China's central bank cut interest rates and lowered the amount of reserves banks must hold for the second time in two months on Tuesday, ratcheting up support for a stuttering economy and a plunging stock market that has sent shockwaves around the globe. Global stocks, oil, dollar extend gains after China cuts rates LONDON (Reuters) - Stocks, oil prices and safe-haven bond yields rose on Tuesday as a tentative market rebound picked up pace after China cut interest rates and banks' reserve requirements to kick-start its wavering economy. Best Buy posts surprise increase in quarterly sales (Reuters) - Best Buy Co Inc , owner of the biggest U.S. electronics chain, reported an unexpected increase in quarterly sales, helped by demand for appliances, TVs and mobile phones. Syngenta seen opening up after source says Monsanto boosts offer ZURICH (Reuters) - Syngenta AG, the Swiss agricultural chemicals maker, was seen opening up more than 7 percent after a source said Monsanto Co. had sweetened its takeover offer, according to premarket indicators in Zurich. China stocks plummet again as Beijing sits on sidelines SHANGHAI (Reuters) - Chinese stocks tumbled again on Tuesday, despite a rebound in markets elsewhere in Asia, as investors despaired at the lack of policy action from Beijing in response to recent data suggesting the downturn in the world's second-largest economy is deepening. Toyota says testing potential alternatives to Takata air-bag inflators TOKYO (Reuters) - Toyota Motor Corp said on Tuesday it is testing air-bag inflators made by Autoliv and Nippon Kayaku Co as possible alternatives to potentially lethal parts supplied by Takata Corp. Exclusive: Boeing eyes 'several hundred' layoffs in satellite division WASHINGTON (Reuters) - Boeing Co on Monday told its workers that it expected to cut as many as "several hundred" jobs in its satellite business through the end of 2015 due to a downturn in U.S. military spending and delays in commercial satellite orders. In Toshiba scandal, the 'tough as nails' target setter TOKYO (Reuters) - Tom Scott, a former U.S. executive at Toshiba Corp , remembers his former boss Atsutoshi Nishida as an aggressive leader who could motivate staff but also rattle them with tough sales targets and an occasional dressing down.    Boeing raises China 20-year aircraft demand, says outlook rosy BEIJING (Reuters) - Boeing Co on Tuesday raised its forecast for China's aircraft demand over the next 20 years, saying it was optimistic about the long-term outlook for the world's second largest aviation market despite a slowing economy and weak stock market. Related Video More losses in Shanghai but other Asia markets gain BHP Billiton profit plunges to 10-year low Counterparties is a curated snapshot of the best finance news and commentary around the web. Register Today News you can use with actionable, timely advice for managing your financial life, including retirement, taxes, real estate, education and more. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2015 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook