Russian businessman Vladimir Potanin plans to appeal a London court decision to block him from buying shares in mining company Norilsk Nickel from fellow investor Roman Abramovich, representatives at Potanin’s investment firm said on Tuesday.
Oil prices steadied on Tuesday, supported by expectations that crude exporters would agree to cut output at an OPEC meeting next week, but weighed down by signs of increased global production.
When Howard Wilkinson was given a tablet as a gift from a client and his boss did not respond to questions about what he should do with it, the Briton sold it and donated the proceeds to the Tallinn Childrens’ Hospital in Estonia.
Budget carrier Norwegian Air plans to start flights between London and Rio de Janeiro in March to break what it said was a “monopoly” enjoyed by British Airways between the two cities.
Workers returned to the assembly line at General Motors’ Oshawa, Ontario, plant on Tuesday, a local union leader said, after walking out on Monday to protest news the plant had been scheduled to shut down in December 2019.
Global stock markets edged lower on Tuesday, as the previous session’s strong rally ran out of steam after U.S. President Donald Trump appeared to quash hopes of a trade truce with China at the upcoming G20 Summit.
European auto stocks extended losses on Tuesday after a German magazine reported that U.S. President Donald Trump could impose tariffs on imported cars from next week.
U.S. stocks declined on Tuesday after President Donald Trump’s threat to move ahead with additional tariffs on Chinese goods dampened hopes of resolving the trade spat at the upcoming G20 Summit.
The Federal Reserve should be even more attentive to new economic data as its gradual interest-rate hikes edge it ever closer to a neutral stance, the U.S. central bank’s second-in-command said on Tuesday.
(The Nov. 26 story corrects paragraphs 4 and 5 to show the SEC filed charges against Musk and Tesla, and that Musk and Tesla settled those charges without admitting or denying the SEC’s allegations)
A senior executive at Mitsubishi Motors Corp said on Tuesday its alliance with Nissan Motor and Renault SA can survive management upheaval, a day after it fired Carlos Ghosn as chairman over financial misconduct allegations.
For nearly two years the U.S. Federal Reserve has pushed ahead with steady rate increases in an economy that has done better than expected, boosted by government spending, tax cuts, and global growth that made the Fed’s policy choices seem almost a footnote.
U.S. stocks opened lower on Tuesday after President Donald Trump said he would move ahead with additional tariffs on Chinese goods, dampening hopes of resolving the ongoing trade spat at the upcoming G20 Summit.
The Federal Reserve should continue gradually raising interest rates but it is “especially important” to closely monitor new economic data since U.S. monetary policy is getting close to a neutral stance, the Fed’s second-in-command said on Tuesday.
The U.S. Federal Reserve ultimately wants to have the smallest balance sheet possible while still being able to control its policy rate, Fed Vice Chair Richard Clarida said on Tuesday.
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