Oil steadies after brief slide on Trump’s U.S-China trade comments
Oil steadied on Tuesday, as expectations of output cuts from OPEC and allied producers brought prices back up after they slid briefly following comments from U.S. President Donald Trump that a trade deal with China may be delayed.
Glencore’s Glasenberg says successor could be in place next year
Glencore could announce a new chief executive next year once a new management team is in place, its current boss told an investor meeting on Tuesday as the commodities giant laid out its priorities for 2020.
Fidelity Investments names new head of $3 trillion asset management division
Fidelity Investments on Tuesday named Bart Grenier, who was at the center of a tickets scandal at the mutual fund company more than a decade ago, to lead its nearly $3 trillion asset management division.
France fights back over U.S. tariff threat to champagne, cheese
France and the European Union said on Tuesday they were ready to retaliate if U.S. President Donald Trump acted on a threat to impose duties of up to 100% on imports of champagne, handbags and other French products worth $2.4 billion.
U.S. Commerce Secretary: Trump’s objectives on U.S.-China trade deal haven’t changed
U.S. Commerce Secretary Wilbur Ross on Tuesday told CNBC that President Donald Trump’s objectives on a trade deal with China have not changed and that Trump is under no time pressure to complete a deal.
Nokia names veteran Sari Baldauf as group boss to take on 5G challenge
Telecoms equipment maker Nokia announced on Tuesday that it plans to appoint its former networks chief Sari Baldauf as chairman, succeeding Risto Siilasmaa who will step down after eight years in the job.
Unilever names Braams as new marketing head in expanded role
Consumer goods giant Unilever Plc on Tuesday appointed Conny Braams to the new post of chief digital and marketing officer, expanding the scope of a role previously held by advertising industry veteran Keith Weed.
Glencore CEO says he may step aside next year
Glencore CEO Ivan Glasenberg said on Tuesday he expected to be able to announce his successor next year, but said the timing was not yet certain.
Ross says Trump has flexibility on tariffs toward France, Europe
President Donald Trump has wide latitude in handling trade with France and other European allies, including imposing tariffs, U.S. Commerce Secretary Wilbur Ross told CNBC in an interview in on Tuesday.
Wall St. extends declines as Commerce Secretary Ross comments on China tariffs
U.S. stocks extended declines on Tuesday as U.S. Commerce Secretary Wilbur Ross said on CNBC that U.S. tariffs on Chinese imports due Dec. 15 would be imposed unless there was substantive progress in trade talks.
