World stocks run out of steam amid trade jitters
A two-day global stocks rally ran out of steam on Tuesday while major bond yields came under pressure and the dollar was on the back foot as concerns over China-U.S. trade talks and disappointing European earnings doused investors’ optimism.
Oil climbs on Iraq and Ecuador unrest, regional tensions
Oil prices increased on Tuesday as unrest in Iraq and Ecuador raised supply concerns, but worries about U.S.-China trade negotiations capped the market’s gains after U.S. President Donald Trump said a quick deal was unlikely.
Shoemaker Vans treads warily as China fumes over Hong Kong
U.S. sports brand Vans has removed “a small number” of submissions in a sneaker design competition including one apparently giving a shout out to Hong Kong’s pro-democracy protests, as companies weigh the risks of angering China.
U.S. expands blacklist to include China’s top AI startups ahead of trade talks
The U.S. government widened its trade blacklist to include some of China’s top artificial intelligence startups, punishing Beijing for its treatment of Muslim minorities and ratcheting up tensions ahead of high-level trade talks in Washington this week…
EU finance commissioner pledges to regulate digital currencies
The European Union’s finance commissioner pledged on Tuesday, if he is reappointed, to propose new rules to regulate virtual currencies such as Libra, the currency Facebook plans to launch.
Trump’s Scottish Golf courses post further losses
Scottish Golf courses owned by President Donald Trump’s family business posted further losses last year, according to accounts filed in Britain in recent days.
China, asked about U.S. blacklisting of Chinese firms, says will protect its sovereign security
China’s foreign ministry said on Tuesday that China will continue to take firm and resolute measures to protect its sovereign security, when asked about the U.S. blacklisting of Chinese firms.
Timeline: LSE – A story of failed mega-mergers
Hong Kong Exchanges and Clearing (HKEX) has scrapped its unsolicited $39 billion approach for London Stock Exchange Group after failing to convince LSE management to back a move that would have transformed both financial services giants.
Hong Kong bourse pulls plug on $39 billion play for London Stock Exchange
Hong Kong’s bourse has scrapped its unsolicited $39 billion approach for London Stock Exchange Group after failing to convince LSE management and investors to back a move that could have transformed both global financial services giants.
Oil climbs on Iraq unrest, while demand worries on hold
Oil prices rose on Tuesday as unrest in crude producers Iraq and Ecuador raised supply concerns and demand worries were put on hold as investors awaited the outcome of U.S.-China trade talks this week.
