Wall St. set to fall at open as Trump signals delay in China trade deal
U.S. stocks were set to drop at the open on Tuesday after comments from President Donald Trump sparked fears of a delay in resolving a bruising tariff dispute with China until after the presidential election in November 2020.
Alibaba raises further $1.7 billion in over-allotted shares in HK listing
Chinese e-commerce giant Alibaba said on Tuesday it has raised an additional HK$13.17 billion ($1.68 billion) by exercising the over-allotment option in its Hong Kong secondary listing.
Nokia to name former networks head Sari Baldauf as chairman
Finnish telecoms equipment maker Nokia said on Tuesday its board would name Sari Baldauf to succeed Risto Siilasmaa as board chairman at the next annual shareholders meeting.
Oil falls as Trump says China trade deal could be delayed
Oil prices fell on Tuesday after U.S. President Donald Trump said that a trade deal with China could be delayed until after the next U.S. presidential election, though losses were capped by expectations for deeper output cuts from OPEC and its allies.
Explainer: Macron’s quest for an international tax on digital services
The United States has threatened punitive duties of up to 100% on $2.4 billion in imports from France of champagne, handbags, cheese and other products, after concluding that France’s new digital services tax would harm U.S. technology companies.
France and EU say primed to retaliate over U.S. tariff threat
France and the European Union said on Tuesday they are ready to retaliate if U.S. President Donald Trump acts on a threat to impose duties of up to 100% on imports of champagne, handbags and other French products worth $2.4 billion.
Hong Kong leader says U.S. law will hurt business confidence
Hong Kong leader Carrie Lam on Tuesday said U.S. legislation supporting protesters may damage business confidence in the financial hub, and announced a fourth round of relief measures to boost an economy battered by months of demonstrations.
Huawei faces online storm in China over employee treatment
Huawei Technologies [HWT.UL] is facing a public backlash in China after details of the dismissal and wrongful detention of a former employee went viral.
EU will act as one over U.S tariffs on France – Commission
The European Union will act as one over planned U.S. tariffs on French goods and believes the World Trade Organization is the best way to settle such disputes, the European Commision said on Tuesday.
CNH Industrial’s Iveco unveils first electric truck in partnership with Nikola
CNH Industrial’s truck unit Iveco on Tuesday unveiled its first electric vehicle, the Nikola Tre, built in partnership with U.S. startup Nikola Motor Co..
