Oil prices steadied on Tuesday as a resumption of output in the Gulf of Mexico after Hurricane Barry and a boom in U.S. supply due to shale oil countered tensions in the Middle East.
Global stocks struggled to cling to recent gains on Tuesday and the dollar lingered with markets awaiting U.S. data and a slew of corporate and bank earnings for a fresh readout on the health of the world’s largest economy.
The European Union’s trade surplus in goods with the United States and its deficit with China both increased in the first five months of 2019, figures that could add extra strain to global tensions.
Philip Green’s fashion empire Arcadia Group said on Tuesday it received applications from legal entities of U.S.-based property group Vornado challenging two of its seven planned Company Voluntary Agreements (CVAs).
China on Tuesday rebuffed a suggestion from U.S. President Donald Trump that Beijing needs a trade deal with the United States because its economy was slowing, saying this was “totally misleading” and that both countries wanted an agreement.
The Korea Exchange (KRX) said on Tuesday it has imposed a 175 million won ($148,655) fine on Bank of America Merrill Lynch’s South Korean unit for irregular trading activities.
Europe’s largest budget airline Ryanair has cut its forecast for passenger numbers next summer, blaming possible further delays in deliveries of Boeing 737 MAX planes.
China’s Foreign Ministry said on Tuesday that it was misleading to suggest Beijing needed a trade deal with the United States because its economy was slowing, following a tweet by U.S. President Donald Trump.
French carmaker Renault posted a 6.7% decline in first-half vehicle sales amid a global auto slowdown, but said a forthcoming product offensive would begin to help soften the blow in key markets.
Shares in German chemicals company Bayer rose 1.8% in early trade on Tuesday after a U.S. judge slashed a damages award Bayer owes a California man who blamed its Roundup weed killer for his cancer.
The Korea Exchange (KRX) said on Tuesday it has decided to impose a 175 million won ($148,655) fine on Bank of America Merrill Lynch’s South Korean unit for irregular trading activities.
South Koreans forced to work for Japanese occupiers will seek a court order to forcibly liquidate Japan’s Mitsubishi Heavy Industries’ assets to compensate them, their lawyers said on Tuesday, risking more Japanese anger over the issue.
British luxury brand Burberry on Tuesday reported a pick-up in first quarter sales after it began shifting more new designs by creative chief Riccardo Tisci into its stores as part of a turnaround plan.
Oil prices dipped on Tuesday, extending losses from the previous session, as output in the U.S. Gulf of Mexico resumed after Hurricane Barry and as U.S. shale production is set to rise to a record.
Europe’s largest budget carrier Ryanair has cut its forecast for growth in traveler numbers next summer due to the possibility of further delays in deliveries of Boeing 737 MAX planes.
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