Business & Finance News
Brazilian automaker CAOA reached an initial agreement to buy Ford Motor Co’s plant in Sao Bernardo do Campo, the companies said on Tuesday, but CAOA could slash 1,300 jobs, according to the union representing the plant’s workers.
A series of mass shootings in the United States, including one each in Texas and Ohio last month that killed 31 people, once again has revived a national debate on firearms regulation, which in the past has led retailers and other U.S. companies to tighten restrictions on gun sales.
Benchmark 10-year U.S. Treasury yields fell on Tuesday to their lowest since July 2016 and all three major U.S. stock indexes lost ground in a risk-off session driven by heightened trade worries and an unexpected contraction of U.S. factory activity.
U.S. stocks fell on Tuesday as investors worried about global growth prospects after data showed U.S. factory activity shrank in August for the first time since 2016 and the United States and China imposed new tariffs on each other over the weekend.
China’s Huawei Technologies on Tuesday said the U.S. government had instructed law enforcement to “coerce” and “entice” its employees to turn against the company, as it steps up its pushback against a U.S. campaign that could threaten its survival.
Brazilian automaker CAOA has reached a preliminary agreement to buy Ford Motor Co’s plant in Sao Bernardo do Campo, which the U.S. automaker will close by year’s end as part of a global restructuring, the companies said on Tuesday.
Oil prices fell on Tuesday, with U.S. crude futures down 2% after manufacturing data raised concerns about a weakening global economy, while the U.S.-China trade dispute continued to drag on investor sentiment.
U.S. Treasury yields fell on Tuesday, with the benchmark 10-year yield hitting its lowest since July 2016, after manufacturing data showed the U.S. factory sector contracted for the first time since 2016 amid worries about a weakening global economy and trade tensions between China and the United States.
The American Petroleum Institute on Tuesday urged the Trump administration to reject proposals floated by U.S. farmers and ethanol producers to boost ethanol demand, the latest development in the clash over biofuel policy.
More than half of U.S. state attorneys general are readying an investigation into Alphabet Inc’s Google for potential antitrust violations, a source knowledgeable about the probe said on Tuesday.
The head of global airlines lobby IATA warned on Tuesday that a discrepancy among global regulators over reapproving Boeing Co’s 737 MAX for commercial flight could set a worrying precedent for future aircraft programs.
U.S. stocks fell on Tuesday after the United States and China imposed new tariffs on each other and data showed U.S. factory activity shrank in August for the first time since 2016, renewing growth fears.
Argentina’s peso surged on Tuesday, pumped up by Wall Street traders, back after a long holiday weekend, cheering President Mauricio Macri’s capital controls that are aimed at protecting the beleaguered currency.
Air Canada has challenged Onex Corp’s proposed acquisition of WestJet Airlines , on grounds that the deal may not meet the country’s ownership rules, according to a letter sent by the carrier to the Canadian Transportation Agency.
More than half of U.S. state attorneys general are readying an investigation into Alphabet Inc’s Google for potential antitrust violations, the Washington Post reported on Tuesday.
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