Deflating hopes of a swift resolution to the Sino-U.S. trade war knocked world stocks off a three-week high on Tuesday, while recession warning lights in U.S. bond markets weighed on the dollar.
Thomson Reuters Corp said on Tuesday that it will cut its workforce by 12 percent by 2020, axing 3,200 jobs, as part of a plan to streamline the business and improve operating efficiencies.
As White House officials fanned out to talk up what U.S. President Donald Trump called “an incredible deal” with China to hit pause in their trade war, Beijing has said little on a pact that cheered markets but left many questions unanswered.
Nissan Motor Co failed on Tuesday to nominate a successor to Carlos Ghosn as chairman of the carmaker in the wake of his arrest and dismissal for alleged financial misconduct last month, Kyodo News said.
Europe’s Airbus is teaming up with a new U.S. partner, Lockheed Martin , to try to crack the U.S. military air tanker market eight years after losing out to rival Boeing in a bitter battle to supply tankers to the U.S. Air Force.
Unilever’s incoming chief executive Alan Jope plans to stick to the 2020 targets set by his predecessor Paul Polman, Jope said on Tuesday, confirming a message of continuity set last week by the company chairman.
Oil prices rose more than 2 percent on Tuesday, extending gains ahead of expected output cuts by producer cartel OPEC and a reduction in Canadian supply.
Almost eight years after losing a historic U.S. Air Force tanker competition to rival Boeing Co , Europe’s Airbus is teaming up with a new partner, top U.S. arms maker Lockheed Martin , to pursue billions of dollars of follow-on orders, sources familiar with the matter said.
External board members of Nissan Motor Co failed on Tuesday to nominate a successor to Carlos Ghosn as chairman of the carmaker in the wake of his arrest and dismissal for alleged financial misconduct, Kyodo News reported.
The global system of international trade is in crisis, the World Trade Organization (WTO) warned on Tuesday, as German car bosses gathered in Washington hoping to stave off potential tariffs on U.S. imports of luxury cars.
United Arab Emirates Energy Minister Suhail bin Mohammed al-Mazroui said on Tuesday that an adjustment in global oil output is required and all producers must be on board.
The cost of insuring debt issued by Thomas Cook against default hit a record high and its bonds tumbled on Tuesday, as worries about the travel company’s borrowings deepened following its second profit warning in as many months last week.
Mastercard will incur a $650 million charge in the fourth quarter of this year because of a substantial fine related to a second EU antitrust investigation, the world’s second largest payments network operator said on Tuesday.
Mastercard said on Tuesday it expected a resolution to two EU antitrust investigations in the first quarter of 2019.
General Motors Co is intensifying its attack on rival Ford Motor Co’s lead in sales to U.S. commercial fleets to prop up profit margins amid weakening consumer demand, according to executives at the No. 1 U.S. automaker.
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