Business & Finance News
German Economy Minister Peter Altmaier said on Tuesday he could not confirm a newspaper report saying Berlin was leaning toward letting China’s Huawei participate in building the nation’s high-speed internet infrastructure.
HSBC warned it may have to delay some investments this year as Europe’s biggest bank missed 2018 profit forecasts due to slowing growth in its two home markets of China and Britain.
Honda will close its only British car plant in 2021 with the loss of up to 3,500 jobs, a major departure of Japanese investment announced just over a month before the United Kingdom is due to leave the European Union.
U.S. car tariff worries shunted Europe’s stocks off a four-month high on Tuesday, while Sweden’s crown was savaged by a slowdown in inflation less than two months after its central bank had dared to raise interest rates for the first time in seven years.
British Prime Minister Theresa May spoke to the president of Honda to express her disappointment after the car manufacturer’s decision to shut a plant in England, May’s spokesman said on Tuesday.
Walmart Inc reported an estimate-beating jump in holiday quarter comparable sales on Tuesday as a strong economy boosted consumer spending and fueled more e-commerce purchases, sending shares of the world’s larger retailer up almost 5 percent.
Oil was close to its 2019 high of almost $67 a barrel on Tuesday, supported by OPEC-led supply cuts although gains were capped by concerns about slowing economic growth that could hit demand.
U.S. stock index futures dipped on Tuesday, as investors started a holiday-shortened week on a cautious note ahead of a fresh round of trade talks between the United States and China.
The United Kingdom must urgently end the uncertainty over its exit from the European Union so that businesses can have clarity about the future, business minister Greg Clark said just hours after Honda said it would close its car plant in Britain.
Huawei Technologies Co Ltd’s founder and chief executive pledged not to share any customer information with the Chinese government and said it had never done so, in an interview with CBS News that aired on Tuesday.
Walmart Inc reported an estimate-beating jump in holiday quarter comparable sales on Tuesday as a strong economy boosted consumer spending and fueled more e-commerce purchases, sending its shares up nearly 4 percent in premarket trade.
Activist investor Edward Bramson’s bid to join the Barclays board is destined to fail, shareholders told Reuters, though he has sharpened scrutiny of its investment banking strategy that Bramson argues has depressed profitability.
Medical device maker Medtronic Plc on Tuesday beat Wall Street estimates for quarterly profit, driven by higher sales in its surgical products unit and restorative therapies group.
Medical device maker Medtronic Plc on Tuesday reported a 2.4 percent rise in third-quarter revenue, driven by higher sales in surgical products unit and restorative therapies group.
Swedish defense firm Saab AB, which is seeking to sell its Gripen fighter jets to the Indian Air Force, said on Tuesday it could offer to make most of them in a production facility likely to be set up in one of the southern cities.
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