World stock markets fought to keep a rebound alive on Tuesday after U.S. President Donald Trump seemed to quash hopes of a trade truce with China, clouding what had been a bright start to the week.
DBS , Southeast Asia’s largest bank, said it would almost double its Dubai private banking staff in its bid to triple revenue for those operations in the Middle East by 2023, capitalizing on a shift of investments towards Asia.
Oil prices steadied on Tuesday, depressed by record Saudi production but supported by expectations that oil exporters would agree to cut output at an OPEC meeting next week.
The chief executive of Germany’s Lufthansa said there are still too many airlines in Europe and he expects the company to be involved in more consolidation in the industry that will eventually leave three global carriers in the continent.
Japanese chat app operator Line Corp will set up a bank with Mizuho Financial Group Inc and also partner China’s Tencent Holdings Ltd to offer mobile payment services – plans which saw its stock rise 13 percent on Tuesday.
H&M , the world’s second-biggest fashion retailer, said on Tuesday it would close down its struggling independent brand Cheap Monday.
British and Dutch regulators on Tuesday fined ride-hailing service Uber [UBER.UL] for failing to protect customers’ personal information during a 2016 cyber attack involving millions of users.
A senior executive at Mitsubishi Motors Corp said on Tuesday its alliance with Nissan Motor and Renault SA can survive management upheaval, a day after it fired Carlos Ghosn as chairman citing financial misconduct.
Stock markets fought to keep a global rebound alive on Tuesday after U.S. President Donald Trump seemed to quash hopes of a trade truce with China, clouding what had been a bright start to the week.
Budget carrier Norwegian Air will launch its first flights to Brazil in 2019, the company said in a statement on Tuesday.
British and Dutch regulators on Tuesday fined ride-hailing service Uber Technologies Inc for failing to protect customers’ personal information during a 2016 cyber attack involving millions of users.
Oil prices fell on Tuesday, depressed by record Saudi Arabian production even as the kingdom tried to persuade other exporters to agree output cuts ahead of an OPEC meeting next week.
Japanese chat app operator Line Corp will set up a bank with Mizuho Financial Group Inc and also partner China’s Tencent Holdings Ltd to offer mobile payment services – plans which saw its stock rise 13 percent on Tuesday.
Stock futures in Europe and the United States turned briefly positive on Tuesday and the trade-sensitive Australian dollar spiked higher after a report that U.S. President Donald Trump and Chinese President Xi Jinping had agreed on trade.
Scottish marine salvage group Ardent is adapting the tanks it used to refloat the Costa Concordia, the cruise ship wrecked off the Italian coast in 2012, to decommission North Sea oil platforms.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
