European automakers BMW and Volvo plan to experiment with steel contracts to be launched by the London Metal Exchange early next year, a move which could eventually change the way the industry hedges and prices contracts, industry sources said.
Eli Lilly and Co recorded higher sales of its newer drugs Trulicity and Taltz in the third quarter, helping the diabetes specialist top Wall Street profit estimates and raise its yearly earnings target on Tuesday.
U.S. stock index futures edged lower on Tuesday, as investors stayed away from making big bets ahead of the U.S. midterm elections that could shape the future of Donald Trump’s presidency and test his tax and trade policies.
CVS Health Corp’s third-quarter profit beat analysts’ estimates on Tuesday, helped by strong sales of prescription drugs at its pharmacy stores.
Iran’s oil exports have fallen sharply since U.S. President Donald Trump said at mid-year he would reimpose sanctions on Tehran, but with waivers in hand the Islamic Republic’s major buyers are already planning to scale up orders again.
Thomson Reuters Corp on Tuesday reported a smaller-then-expected fall in third-quarter earnings and said it was on track for a solid 2018 and a better performance in 2019.
Eli Lilly and Co topped Wall Street estimates for third-quarter profit on Tuesday and raised its yearly earnings target, led by stronger demand for its newer drugs such as diabetes treatment Trulicity and psoriasis medicine Taltz.
Germany’s Finance Minister Olaf Scholz said on Tuesday the European Commission should revise its plan for a EU-wide tax on large digital companies and stressed the new levy should be applied only if there is no global deal by the summer of 2020.
The world’s two largest planemakers signaled on Tuesday that they were keen to see an end to a bruising trade war between Washington and Beijing, as China opened its largest airshow with a display that showcased its aviation ambitions.
Volkswagen on Tuesday said the operating return on sales at its core VW passenger car brand would come in at the lower end of its 4 to 5 percent target range this year.
EU governments are divided over a plan to tax big internet firms like Google and Facebook on their turnover, fearing retaliation from the United States, and could delay its application until a global deal is reached, top officials said on Tuesday.
European shares dipped on Tuesday as investors punished companies like Zalando and Pandora that missed expectations, while caution prevailed ahead of U.S. mid-term elections.
European shares ticked lower and the dollar and bond markets barely budged on Tuesday, as traders braced for midterm elections in the United States and some potentially lively sessions ahead.
Iran has been able to sell as much oil as it needs despite U.S. pressure, Iranian Vice President Eshaq Jahangiri was quoted as saying on Tuesday.
European shares dipped on Tuesday as investors continued to harshly punish companies that missed expectations like Pandora, William Hill and Morrisons, while caution prevailed ahead of the U.S. midterm congressional elections.
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