Wall Street opens higher on trade truce hopes
All three main indexes on Wall Street opened higher for a fifth straight session on Tuesday as technology stocks rose on rising hopes of a trade truce between the United States and China.
Aramco share sale curb rules out overseas listing for at least a year
The Saudi government plans to sell 2% of state oil giant Aramco in a domestic listing on Dec. 11, three sources familiar with the matter said, but restrictions on future share sales mean an international IPO is ruled out for at least a year.
Lebanese importers struggle as banks impose credit controls
Lebanese traders are struggling to pay for imports of everything from pasta to nappies as banks impose restrictions on lines of credit in response to concerns about tighter liquidity after weeks of street demonstrations.
Mylan tops profit estimates as newer drugs spur North America growth
Mylan NV beat Wall Street estimates for third-quarter profit on Tuesday, as its biggest market, North America, benefited from launches of lung disease therapies Wixela and Yupelri.
Domestic focus a ‘better choice’ for many Chinese companies: Harvest Global CIO
Focusing on domestic consumers would be a “better choice” for many Chinese companies, even if the shift is forced by trade tariffs and weak worldwide growth, said Thomas Kwan, chief investment officer at Harvest Global Investments.
Mediaset, Vivendi in talks to resolve row over TV project: sources
Italian broadcaster Mediaset and its hostile shareholder Vivendi are in talks about ways to overcome a dispute over the governance of Mediaset’s planned pan-European TV reorganization, two sources close to the matter said on Tuesday.
Tapestry sees current-quarter profit below estimates on Kate Spade, tariff woes
Tapestry Inc on Tuesday forecast lower-than-expected profit for the current quarter, citing weak demand at its millennial-focused Kate Spade brand and the impact of U.S. tariffs on Chinese imports.
Do more with less: New Zealand firm’s four-day week
A New Zealand estate planning company, which made headlines when it trailed a four-day week last year, has seen a big productivity increase since it made the change permanent, with staff spending less time surfing the Internet.
OPEC chief says oil market may have upside potential in 2020
The oil market outlook for next year may have upside potential, the secretary-general of producer group OPEC said on Tuesday, appearing to downplay any need to cut output more deeply.
Regulators should work together on certifying Boeing 737 MAX: IATA’s de Juniac
Regulators should work together in recertifying the grounded Boeing 737 MAX airliner instead of pursuing separate approval processes, the head of the International Air Transport Association (IATA) said on Tuesday.
