Wall Street was set to open higher on Tuesday, bouncing back from a selloff in technology stocks a day earlier, after a senior Federal Reserve official pointed the way to a cut in interest rates in response to slowing economic growth.
Royal Dutch Shell outlined plans on Tuesday to boost shareholder returns after 2020, while also increasing spending on oil, gas and power, as it capitalizes on years of cost cutting to prepare for a lower carbon future.
European stock markets and Wall Street futures clawed higher on Tuesday, though worries about a clampdown on the world’s internet and social media giants and mounting recession jitters kept caution levels high.
Renault directors were preparing to review Fiat Chrysler’s (FCA) $35 billion merger offer on Tuesday, after the Italian-American carmaker resolved differences with the French government overnight, three sources said.
An Indian startup’s legal challenge against a Walmart unit claiming losses caused by sharp discounting of its products is winning support from other online sellers, in what is shaping as a key test of how the giant retailer operates in the country.
Prime Minister Theresa May will make clear to U.S. President Donald Trump on Tuesday that Britain is reviewing “the right policy” on Chinese company Huawei and its involvement in the UK’s 5G telecommunications network, her spokeswoman said.
The U.S. Internal Revenue Service is currently looking at Uber Technologies Inc’s taxes for 2013 and 2014, and the ride-hailing company said it expects unrecognized tax benefits to be reduced within the next year by at least $141 million.
CVS Health Corp said it will offer expanded health services such as nutrition counseling and blood pressure screenings in 1,500 stores by the end of 2021, following through on plans announced during the pharmacy chain’s 2018 acquisition of health insurer Aetna.
Uber Technologies Inc is currently under a federal income tax examination by the Internal Revenue Service (IRS) for tax years 2013 and 2014, the ride-hailing company said in a filing https://www.sec.gov/Archives/edgar/data/1543151/000162828019007524/0001628280-19-007524-index.htm) on Tuesday.
The sudden deterioration in trade talks between the United States and China last month has ratcheted up concerns among U.S. firms that the dispute could go beyond tariffs and affect business in the long-term.
The U.S. Securities and Exchange Commission is investigating Siemens AG, Philips NV and General Electric Co for allegedly using local middlemen to negotiate bribes with Chinese government and hospital officials to sell medical equipment, two U.S. sources with knowledge of the matter told Reuters.
Stock markets remained under pressure on Tuesday as worries about a clampdown on the world’s internet and social media giants compounded mounting global trade and recession jitters.
China warned its companies operating in the United States on Tuesday they could face harassment from U.S. law enforcement agencies, as it also rebuffed U.S. criticism of a trade white paper as “singing the same old tune”.
When Pakistan closed its airspace during conflict with India in February, Malaysia Airlines was not one of the carriers left scrambling to re-route flights because it had already done so two weeks earlier, the carrier’s chief executive said.
Activist hedge fund CIAM has written to the board of French automaker Renault to say it “strongly opposed” a planned $35 billion merger with Fiat Chrysler.
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