S&P 500, Dow slip from record levels on Home Depot’s dismal forecast
The S&P 500 and the Dow Jones indexes retreated from record levels on Tuesday as dour forecasts from Home Depot and Kohl’s eroded confidence that the U.S. consumer will support the economy.
Without a China trade deal, the U.S. will hike tariffs: Trump
The United States would raise tariffs on Chinese imports if no deal is reached with Beijing to end a trade war, U.S. President Donald Trump said on Tuesday, threatening an escalation of the spat that has damaged economic growth worldwide.
European defense projects need single export license: Leonardo CEO
European defense programs should be issued with a single weapons export license so policy changes of an individual state do not affect the supply chain, the CEO of Italian defense company Leonardo said on Tuesday.
Renault could pull out of markets, products in strategy review: interim CEO
Renault has not ruled out withdrawing from some products or markets as part of a review of its mid-term goals, the carmaker’s interim chief executive Clotilde Delbos said on Tuesday.
Strike-hit South African Airways says only a deal with unions will end crisis
South African Airways (SAA) resumed some regional flights on Tuesday but warned that only a deal with striking unions can resolve its current crisis, as the government said it has no more money for the cash-strapped state carrier.
Oil falls 2% on oversupply fears, trade talk concerns
Oil fell about 2% on Tuesday on concerns about excess global crude supply and limited progress toward resolving a U.S.-China trade dispute that has clouded the outlook for oil demand.
Lower mortgage rates boost U.S. housing starts, building permits
U.S. homebuilding rebounded in October and permits for future home construction jumped to a more than 12-year high, pointing to strength in the housing market amid lower mortgage rates.
Shares, dollar dip as limp results, impeachment inquiry offset trade hopes
Shares in Europe dipped, Wall Street backed off record highs and the U.S. dollar was poised to extend a three-day losing streak as underwhelming earnings and uncertainty over an ongoing U.S. impeachment inquiry overshadowed hopes for a U.S.-China trade…
Explainer: From pig power to cleaner stoves, the world of carbon offsets
(This Nov. 20 story corrects description of REDD+ projects to show they can also include forest replanting, in paragraph 9, and corrects paragraph 10 to show REDD+ projects gain approval from the UNFCCC)
VW rejects anti-competitive allegation by parts maker Prevent
Volkswagen on Tuesday rejected claims it had engaged in anti-competitive behavior after parts supplier Prevent Group sued the German carmaker in the U.S. District Court in Detroit.
