U.S. fashion group Michael Kors agreed to buy luxury designer Versace for 1.83 billion euros including debt on Tuesday in the latest foreign takeover of an Italian brand.
U.S. stocks were little changed on Tuesday, as higher oil prices lifted energy stocks and banks rose in anticipation of an interest rate hike, but losses in Facebook and chipmakers weighed on the market.
Shares of Facebook Inc fell more than 2 percent in early trading on Tuesday after the two founders of photo-sharing app Instagram left the social networking giant under unexplained circumstances.
Denmark has bolstered defenses against shocks to its financial system after a risk-assessment body said the sector’s stability could be threatened by the Danske Bank money laundering scandal.
U.S. stocks opened higher on Tuesday as the energy sector gained from oil prices hitting four-year highs, while bank stocks rose in anticipation of a Federal Reserve rate hike.
Qualcomm Inc on Tuesday alleged that Apple Inc stole its trade secrets and gave them to Intel Corp with the goal of improving Intel’s chips so Apple could replace Qualcomm’s chips, the latest move in a drawn-out legal dispute.
Canadian Prime Minister Justin Trudeau on Tuesday took a cautious line over talks to update NAFTA, saying he saw a possibility that Canada could build on a bilateral deal that the United States and Mexico have already agreed.
Wall Street was set to open higher on Tuesday, as energy companies gained with oil prices at four-year highs and bank stocks rose in anticipation of a Federal Reserve rate hike.
Denmark on Tuesday doubled capital buffers to bolster stability that its financial risk-assessment body said could be threatened by the Danske Bank money laundering scandal.
European shares rose and Wall Street was set for a stronger open on Tuesday, as oil above $80 a barrel lifted energy shares, despite worries around the latest U.S.-China tariff round and central bank rate hikes.
Shares of Facebook Inc fell more than 2 percent in early trading on Tuesday after the two founders of photo-sharing app Instagram left the social networking giant under unexplained circumstances.
U.S. fashion group Michael Kors has agreed to buy Versace in a deal valuing the revered designer at $2 billion including debt, the companies said on Tuesday, making it the latest Italian brand to fall into foreign hands.
Crude oil prices shot to a four-year high on Tuesday, catapulted by imminent U.S. sanctions on Iranian crude exports and the apparent reluctance of OPEC and Russia to raise output to offset the potential hit to global supply.
U.S. stock index futures edged higher on Tuesday, as energy companies gained with oil prices at four-year highs, although the U.S.-China trade tension and the upcoming Federal Reserve meeting prompted caution.
A day after winning the Mexican presidential election, Andres Manuel Lopez Obrador took a congratulatory call from U.S. President Donald Trump. But Trump had something more important on his mind: Would Mexico’s new president consider a bilateral trade deal?
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