Business & Finance News
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?
A full-blown trade war would have serious effects on global economic growth and there would be no winners of such a scenario, the director-general of the World Trade Organization (WTO), Roberto Azevedo, said on Tuesday.
Public confidence in Denmark’s largest lender Danske Bank has plummeted as the extent of its Estonian money laundering case has become clearer, figures from polling firm Voxmeter showed on Tuesday.
The oil price shot to its highest in four years on Tuesday, catapulted by upcoming 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.
A full-blown global trade war would have serious effects on global growth and there would be no winners of such a scenario, the director-general of the World Trade Organization (WTO) Roberto Azevedo said on Tuesday.
World stocks struggled to make headway on Tuesday after another round of U.S.-China tariffs kicked in and investors’ nerves were frayed by rising expectations of central bank rate hikes and oil prices near four-year highs.
Comcast , the victor in the $40 billion auction for Sky , said on Tuesday it had bought more than 30 percent of the European pay-TV group’s shares in the market.
Step into one of the more than 4,300 H&M budget fashion stores around the world and you often know what to expect: clothes racks crammed with tops, trousers and skirts in a spartan and sometimes cluttered environment.
A senior Chinese official said on Tuesday it is difficult to proceed with trade talks with the United States while Washington is putting “a knife to China’s neck”, a day after both sides heaped fresh tariffs on each other’s goods.
Brent crude oil prices hit a fresh four-year high on Tuesday amid looming U.S. sanctions against Iran and an apparent reluctance by OPEC and Russia to raise output to offset the expected to hit to supply.
Comcast , the victor in the auction for Sky on Saturday, said on Tuesday it had bought 29.1 percent of the European pay-TV group’s shares in the market.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
