HSBC Holdings Plc will appoint Nicolas Moreau as the chief executive of the lender’s $500 billion asset management business, Sky News reported on Tuesday.
A federal appeals court on Tuesday struck down Google’s class-action settlement meant to resolve claims it invaded the privacy of millions of computer users by installing “cookies” in their browsers, but paying those users nothing for their troubles.
Industrial materials maker DuPont is considering the sale of its nutrition and biosciences unit, CNBC said in a tweet on Tuesday, citing a report.
Oil prices fell slightly on Tuesday, with Brent crude remaining near seven-month lows just below $60 a barrel because of increasing trade tensions between China and the United States.
U.S. department store operator and fashionista favorite Barneys New York Inc filed for bankruptcy protection on Tuesday and put itself up for sale, underscoring how even luxury retailers are struggling to freshen their image and compete with online rivals.
U.S. stocks rose on Tuesday as China stepped in to stabilize the yuan, soothing concerns that currencies would be the latest weapon in the long-drawn trade war, a day after Wall Street suffered their sharpest one-day percentage drops of the year.
World stock markets were mixed on Tuesday, with Wall Street making modest gains after China’s central bank stepped in to stabilize the yuan, soothing fears a protracted trade spat between the U.S. and China would spill over into a currency war as well.
U.S. President Donald Trump on Tuesday vowed to protect American farmers against China by signaling to provide further aid if needed, a day after Chinese firms stopped agricultural purchases and Beijing threatened more tariffs on U.S. farm products.
Airbus is poised to open a new assembly line for the A321neo in Toulouse, France, easing a grip on production of the hot-selling jetliner enjoyed by workers in Germany and accelerating an industrial rethink caused by the demise of the much larger A380.
U.S. job openings and hiring fell in June, suggesting that demand for labor was cooling in tandem with a slowing economy, which could provide another reason for the Federal Reserve to cut interest rates again next month.
Drug wholesalers AmerisourceBergen Corp , McKesson Corp and Cardinal Health Inc have proposed a $10 billion settlement for claims that they played a part in the U.S. opioid epidemic, Bloomberg reported on Tuesday, citing people familiar with negotiations.
U.S. President Donald Trump on Tuesday dismissed concerns over a protracted trade war with China, as Beijing warned that Washington’s decision to label it a currency manipulator would lead to chaos in financial markets.
Daimler said on Tuesday Mercedes-Benz customers in Germany could apply for a 3,000 euro ($3,350) subsidy to upgrade the exhaust filters of older, polluting diesel vehicles, the latest effort among German carmakers to avoid inner-city bans.
Vivendi is in talks to sell up to 20% of Universal Music Group (UMG) to Tencent, valuing its prized asset at around 30 billion euros ($34 billion), as both firms look outside their core regions to expand in a recovering global music market.
Global stock markets rebounded Tuesday after China’s central bank fixed the yuan at a slightly stronger rate, soothing fears that a protracted trade war between the U.S. and China would spill over into a currency war as well.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
