Oil steadies after slide on Trump’s U.S-China trade comments
Oil steadied on Tuesday, settling narrowly mixed as expectations of output cuts from OPEC and allied producers helped prices bounce after a slide following comments from U.S. President Donald Trump that a trade deal with China may be delayed.
Thyssenkrupp presents ‘complex’ turnaround plan for steel – workers
Ailing conglomerate Thyssenkrupp has worked out a new strategy for the group’s steel business, a leading labor representative said on Tuesday, adding the roadmap included significant investments but also restructuring steps.
Google chief Pichai takes helm of parent Alphabet as co-founders step aside
Google Chief Executive Sundar Pichai will replace company co-founder Larry Page as CEO of parent Alphabet Inc , the company said in a blog post on Tuesday.
Safran suspends electric jet taxiing project after Airbus ends talks
France’s Safran SA has shelved plans to install an electric taxiing system on Airbus A320 jets after the planemaker halted discussions on the project, it chief executive said.
Workday third-quarter profit, revenue beat; shares rise
Workday Inc beat Wall Street estimates for third-quarter profit and revenue on Tuesday, and raised its full-year forecast for sales in its biggest business, as more companies signed up for its cloud-based financial and human resources management softwa…
Wall Street falls as trade hopes wane
U.S. stocks sold off for a third consecutive session on Tuesday after comments from President Donald Trump and Commerce Secretary Wilbur Ross threw cold water on hopes of a possible near-term respite from the market-bruising U.S.-China trade war.
Former Bumble Bee tuna CEO found guilty of price fixing
The former chief executive of Bumble Bee Foods LLC, Chris Lischewski, was found guilty of price-fixing on Tuesday, a court filing showed.
Saudi Aramco IPO institutional tranche 2.95 times oversubscribed
The institutional tranche of Saudi Aramco’s planned initial public offering (IPO) has been almost three times oversubscribed, receiving orders worth 189.04 billion riyals ($50.4 billion), financial advisers for the IPO said on Tuesday.
Trump has upended relationships with nine of 10 top U.S. trading partners
During his election campaign in 2016, U.S. President Donald Trump promised to shake up global trade and bring down America’s growing trade deficits.
Institutional investors have subscribed for 6.3 billion shares for Aramco IPO so far – lead bank
Saudi Aramco has received orders worth 189.04 billion riyals ($50.4 billion) for the institutional tranche of its planned initial public offering (IPO), its financial advisers said in a joint statement on Tuesday.
