Nestle could expand its plant-based burger sales partnership with fast food chain McDonald’s beyond Germany and is also looking for other partners, the Swiss food giant’s head said on Tuesday.
Wall Street’s main indexes rose on Tuesday, led by technology stocks, on the back of easing trade tensions with Mexico and signs of more fiscal stimulus in China.
U.S. President Donald Trump on Tuesday defended the use of tariffs as part of his trade strategy while China vowed a tough response if the United States insists on escalating trade tensions amid ongoing negotiations.
The Italian government will scrap incentives for U.S.-listed appliance maker Whirlpool Corp on Tuesday because of the company’s decision to close its factory in Naples, Deputy Prime Minister Luigi Di Maio said in a radio interview.
A group of at least 10 state attorneys general are preparing on Tuesday to file a lawsuit to stop the $26 billion merger of Sprint and T-Mobile, a deal that would reduce the number of nationwide wireless carriers from four to three, according to three sources familiar with the matter.
U.S. stocks opened higher on Tuesday, edging back toward record territory, as signs of more fiscal stimulus from China and some easing of last week’s tensions around Mexico buoyed investors’ appetite for risk.
Wall Street was set to edge back toward record territory on Tuesday, as signs of more fiscal stimulus from China and some easing of last week’s tensions around Mexico buoyed investors’ appetite for risk.
U.S. producer prices increased solidly for a second straight month in May, boosted by a surge in the cost of hotel accommodation and gains in a range of other services, pointing to a steady pickup in underlying inflation pressures.
U.S. stocks were set to edge back toward record territory on Tuesday, as signs of more fiscal stimulus from China and some easing of last week’s tensions around Mexico buoyed investors’ appetite for risk.
A host of U.S. consumer companies have warned that costs related to tariffs on goods imported from China would weigh on their results.
World shares rallied on Tuesday to hold near one-month highs, with German carmakers outperforming and Wall Street looking to extend gains after the United States stepped back from imposing tariffs on Mexico.
Foxconn, the world’s top contract electronics assembler, said it had enough capacity outside China to meet Apple’s demand in the American market if the need should arise for the iPhone maker to adjust its production lines due to the U.S.-China trade war.
Airbus and Boeing are battling for wide-body aircraft orders worth well over $10 billion as the clock ticks toward next week’s Paris Airshow, industry sources said.
European shares gained ground on Tuesday, with Germany’s carmakers outperforming, as risk appetite held firm after the United States stepped back from imposing tariffs on Mexico.
Zambia has no plans to seize the assets of Quantum Minerals Ltd and the copper producer intends to stay in the country despite the government’s move to wrest control of a rival miner, government and industry sources told Reuters.
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