Business & Finance News
Volkswagen on Tuesday said the operating return on sales at its core VW passenger car brand would come in at the lower end of its 4 to 5 percent target range this year.
EU governments are divided over a plan to tax big internet firms like Google and Facebook on their turnover, fearing retaliation from the United States, and could delay its application until a global deal is reached, top officials said on Tuesday.
European shares dipped on Tuesday as investors punished companies like Zalando and Pandora that missed expectations, while caution prevailed ahead of U.S. mid-term elections.
European shares ticked lower and the dollar and bond markets barely budged on Tuesday, as traders braced for midterm elections in the United States and some potentially lively sessions ahead.
Iran has been able to sell as much oil as it needs despite U.S. pressure, Iranian Vice President Eshaq Jahangiri was quoted as saying on Tuesday.
European shares dipped on Tuesday as investors continued to harshly punish companies that missed expectations like Pandora, William Hill and Morrisons, while caution prevailed ahead of the U.S. midterm congressional elections.
Iran’s oil exports have fallen sharply since U.S. President Donald Trump said at mid-year he would re-impose sanctions on Tehran, but with waivers in hand the Islamic republic’s major buyers are already planning to scale up orders again.
China last month granted initial approval for 16 new trademarks for the fashion brand of U.S. President Donald Trump’s daughter and adviser Ivanka, including voting machines, a search of official records on Tuesday showed.
Asian shares inched up on Tuesday, supported by Wall Street gains although momentum was tempered ahead of the U.S. midterm elections, the first major electoral test of President Donald Trump’s big tax cuts and hostile trade policies.
Boeing Co is optimistic of a quick resolution to the trade dispute between the United States and China, an executive at the U.S. planemaker said on Tuesday.
Asian shares wavered on Tuesday with sentiment tempered ahead of the U.S. midterm elections, the first major electoral test of President Donald Trump’s big tax cuts and hostile trade policies.
Apple Inc’s Asian supplier and assembler stocks fell on Tuesday on a media report that the iPhone maker had told its smartphone assemblers to halt plans for additional production lines dedicated to its new iPhone XR.
China on Tuesday kicked off its largest airshow with a display of its aviation ambitions, unveiling a life-size model of a long-haul jet it is developing with Russia and showing off its J-20 stealth fighter jet in a roaring flight demonstration.
Europe’s Airbus SE indicated on Tuesday that it did not expect a sales windfall from trade tensions between China and the United States, with the manufacturer’s China head saying there would be “no winner” from a prolonged economic conflict.
China is ready to hold discussions and work with the United States to resolve trade disputes because the world’s two largest economies stand to lose from confrontation, Vice President Wang Qishan said on Tuesday.
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