Soft U.S. producer inflation supports case for Fed rate cut
U.S. producer prices unexpectedly fell in September, leading to the smallest annual increase in nearly three years, likely giving the Federal Reserve further room to cut interest rates for the third time this year in October.
H&M’s outlet brand Afound tweaks strategy toward online
Fashion retailer H&M’s newest independent business, outlet brand Afound, will focus more on online expansion and less on physical store expansion than previously planned, it said on Tuesday.
Boeing gets first 737 MAX order since crash; deliveries halve
Boeing Co secured the first new order in months for one of its grounded 737 MAX planes in September, the company said on Tuesday, as it reported total deliveries for the first nine months of 2019 that were just half those a year ago.
China urges U.S. to remove sanctions on Chinese firms
China strongly urges the U.S. to remove sanctions on Chinese firms and will take any necessary measures to firmly protect its own interests, China’s commerce ministry said in a statement late on Tuesday.
Stocks fall on trade angst; Brexit battle tackles pound
Oil prices and stocks across major markets fell on Tuesday as tension rose between China and the United States ahead of high-level trade talks, while the British pound sank on reports that Brexit negotiations were close to breaking down.
Nissan pins revival hopes on ‘foreigner with a Japanese face’
Nissan Motor Co named the head of its Chinese business as its next CEO on Tuesday, picking an executive known for close ties to top shareholder Renault and for a frank, straight-talking manner that has marked him as an outsider.
Oil eases on concerns over U.S.-China talks, weak economic data
Oil prices slid on Tuesday as Washington’s blacklisting of more Chinese companies dampened hopes for a trade deal between the two countries, though unrest in Iraq and Ecuador lent some support to crude prices.
With U.S.-China tensions running high, hopes dim for end to trade war
Beijing sharply rebuked Washington on Tuesday for adding some top Chinese artificial intelligence startups to its trade blacklist, dimming hopes for progress in high-level talks aimed at ending a 15-month trade war between the two economic giants.
Boeing deliveries nearly halved in first nine months of 2019
Boeing Co delivered half the number of planes in the first nine months of 2019 than it did in the same period a year ago, as the world’s largest planemaker continued to struggle with the grounding of its bestselling 737 MAX jets.
BlackRock bets on the circular economy with new fund
BlackRock , the world’s largest asset manager, is actively investing in companies including Adidas , Tomra and Ball Corp through a new circular economy fund that bets on sustainable business.
