Global stocks rebounded on Tuesday from two-month lows as investors took heart from comments of U.S. and Chinese officials a day after a spike in tensions between the world’s two largest economies rattled financial markets.
Britain would never take a decision on Huawei and 5G that would threaten its intelligence sharing alliance with the United States but it also does not want a new Cold War with China, Foreign Secretary Jeremy Hunt said on Tuesday.
WhatsApp said on Tuesday a security breach on its messaging app had signs of coming from a government using surveillance technology developed by a private company and may have targeted human rights groups.
There is no sign that China is offering a “no-spy” agreement of the kind that would help telecommunications equipment maker Huawei in its bid for contracts to build Germany’s next-generation mobile networks, a German Interior Ministry spokesman said on Tuesday.
Luxury apparel maker Ralph Lauren Corp beat Wall Street estimates for quarterly profit on Tuesday, benefiting from higher demand in international markets, but weak sales in its biggest market, North America, disappointed investors.
U.S. stocks edged higher on Tuesday, as investors picked up beaten-down technology and industrial stocks following optimistic comments from Washington and Beijing that tempered concerns about a further escalation in the trade war.
The chief executive and two other senior figures at Jet Airways have quit, the Indian company said on Tuesday, further eroding any hopes of a rescue of the debt-laden carrier that grounded operations last month.
Comcast Corp has agreed to give Walt Disney Co full control of Hulu in a deal that puts a minimum future value on the streaming service of $27.5 billion while laying the groundwork for the creation of a powerful competitor for Netflix Inc.
A “no-spy” agreement with Beijing would be crucial to assessing whether to accept any bid by Huawei to build out a next-generation telephony network, a German interior ministry spokesman said on Tuesday, adding there was currently no sign such a deal was in the offing.
The chief executive and head of finance at Jet Airways have both quit, the Indian company said on Tuesday, further eroding hopes of a rescue of the debt-laden carrier that grounded operations last month.
UniCredit has engaged investment bankers, including a former top German official, to advise it on a potential bid to buy Commerzbank, according to three people familiar with the matter.
Walt Disney Co said it has signed a pact with Comcast Corp to assume full operational control of Hulu, effective immediately.
Volkswagen workers backed a restructuring of the world’s largest carmaker on Tuesday after Chief Executive Herbert Diess pledged to spend 1 billion euros ($1.1 billion) on a new battery cell production plant near its headquarters in Lower Saxony.
U.S. stock index futures indicated gains at the open on Tuesday, as optimistic comments from Washington and Beijing took the edge off market concerns about a further escalation in trade war.
Facebook’s WhatsApp said on Tuesday a security breach on its messaging app had signs of coming from a private company working on surveillance and it had referred the incident to the U.S. Department of Justice.
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