Oil edges up as stock markets rebound after virus-related selloff
Oil futures edged up on Tuesday after falling for five days, gaining support from a rebound in Wall Street stocks and talk that OPEC and its allies might tighten the market amid fears the coronavirus could weigh on oil demand.
Countdown to recession: What an inverted yield curve means
NEW YORK – A dramatic rally in Treasuries this week led some key parts of the U.S. yield curve to reinvert, a signal that has traditionally been bearish for the U.S. economy.
Freeport CEO ‘looking forward’ to deals once expansion projects done
Freeport-McMoran Inc , the world’s largest publicly traded copper producer, would consider acquisitions, mergers or other deals once three ongoing expansion projects finish by 2022, Chief Executive Richard Adkerson said in an interview on Tuesday.
United Airlines suspends some U.S. flights to China as demand drops over virus fears
United Airlines Holdings Inc said on Tuesday it was suspending some flights between the United States and Beijing, Hong Kong and Shanghai between Feb. 1 and Feb. 8 due to a “significant decline in demand” as the new coronavirus spreads.
Trump, Britain’s Johnson discussed ‘telecommunications’ after Huawei decision: White House
U.S. President Donald Trump and Britain’s Prime Minister Boris Johnson “discussed critical regional and bilateral issues, including telecommunications security” in a conversation on Tuesday, White House spokesman Judd Deere said in a statement.
Centerview lures top French dealmakers to its new Paris hub: sources
U.S. boutique investment bank Centerview has found an office in the heart of Paris and is hiring senior bankers to establish a second European hub as Brexit looms, three sources told Reuters.
Wall Street rebounds as Apple surges ahead of earnings
The S&P 500 rose over 1% on Tuesday as a surge in Apple and other technology stocks helped the benchmark index recover from its worst selloff in about four months that was sparked by concerns over the coronavirus outbreak.
UK’s Johnson tells Trump on Huawei that collaboration is needed to diversify market
Prime Minister Boris Johnson told President Trump on Tuesday that countries should work together to break the dominance of a small number of companies after Britain granted Chinese firm Huawei [HWT.UL] a limited role in its 5G mobile network.
Renault turns to VW’s De Meo as carmaker seeks fresh start
Renault’s Tuesday named Luca de Meo, the former head of Volkswagen’s Seat brand, as its next chief executive, as the carmaker looks to draw a line under a year of turmoil by finalizing a long-awaited management shake-up.
Pfizer profit misses estimates, revenue declines as Lyrica sales tumble
Pfizer Inc on Tuesday reported lower-than-expected quarterly profit and a decline in revenue as sales of its off-patent pain treatment Lyrica more than halved, sending its shares down more than 3%.
