Business & Finance News
The U.S. goods trade deficit widened sharply in July as exports of agricultural products tumbled, suggesting trade will likely be a drag on economic growth in the third quarter.
The S&P 500 and the Nasdaq Composite index opened at record levels on Tuesday, lifted by hopes that a trade deal between the United States and Mexico will go some way to averting a global trade war.
World stocks rose to a six-month high on Tuesday, lifted by investor optimism that a U.S.-Mexico deal to overhaul the North American Free Trade Agreement will go some way to averting a global trade war.
Tiffany & Co’s quarterly results topped Wall Street estimates on Tuesday on strong demand for its jewelry in the Americas and China, prompting the luxury retailer to raise its full-year profit forecast.
Best Buy Co Inc on Tuesday reported online sales growth that decelerated from the previous quarter, sending its shares down 5 percent in premarket trade.
Tiffany & Co’s quarterly results topped Wall Street estimates on Tuesday on strong demand for its jewelry in the Americas and China, helping the upscale retailer raise its full-year profit forecast.
Tiffany & Co topped quarterly estimates for profit and revenue and raised its full-year profit forecast on Tuesday as the upscale retailer sold more jewelry in China and the Americas.
Tiffany & Co topped quarterly same-store estimates on Tuesday as the upscale retailer sold more jewelry in the Americas and Asia-Pacific regions.
Nearly three out of four companies doing business in Germany and the United States doubt that a U.S.-European trade truce reached last month will be followed by a lasting agreement on large-scale tariff cuts, a survey showed on Tuesday.
EU antitrust regulators have approved Procter & Gamble’s (P&G) 3.4 billion euro ($3.9 billion) acquisition of Merck KGaA’s consumer health unit, saying on Tuesday that they had no competition concerns.
Aspen Insurance Holdings Ltd said on Tuesday certain funds affiliated to alternative investment manager Apollo Global Management LLC will take the insurer private in an all-cash transaction valued at $2.6 billion.
World stocks rose to a six-month high on Tuesday, lifted by investor optimism that a U.S.-Mexico deal to overhaul the North American Free Trade Agreement will go some way to averting a global trade war.
Swiss watch brand IWC, owned by luxury goods group Richemont , inaugurated a new manufacturing site in its hometown of Schaffhausen as it gets ready to meet growing demand for its timepieces.
Asian shares advanced on Tuesday and the U.S. dollar hovered near its lowest in a month, with risk appetite sharpened by the United States and Mexico reaching a deal to overhaul the North American Free Trade Agreement.
Nestle and Starbucks said on Tuesday they had concluded their licensing deal for the Swiss food giant to market the U.S. coffee maker’s packaged coffees and teas around the world.
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