Dollar powers to 29-month high, stocks stay standing despite weak data
The dollar bulldozed almost everything in its path on its way to a 29-month high on Tuesday, as a blizzard of soft global data left the U.S. economy as the only one still looking in reasonable health.
Oil prices recover on lower output from U.S., Russia, OPEC
Oil prices rebounded on Tuesday on reports that output from the world’s largest oil producers fell during the third quarter, although a resumption in Saudi supply and demand concerns kept a lid on gains.
Ryanair to wait for aircraft cycle to turn before placing more orders – O’Leary
Ryanair will wait until the next turn of the cycle before it can place an order for more Boeing or Airbus jets at cheaper prices, Chief Executive Michael O’Leary said on Tuesday.
Thomas Cook owes Turkey’s tourism sector $381 million – council
Turkey’s Tourism Advisory Council said on Tuesday it estimates that Thomas Cook owes the local sector more than 350 million euros ($381.08 million), adding that it was impossible for the amount to be re-paid in the short- and medium-term.
Fiscal crises biggest risk to global business, WEF says
The possibility of a fiscal crisis is the biggest risk to doing business globally, according to a survey of World Economic Forum business leaders published on Tuesday, though there were strong regional differences in views of the biggest risk.
Ryanair boss blames ‘deficient’ licensing for Thomas Cook chaos
Ryanair boss Michael O’Leary said Britain’s Civil Aviation Authority was partly to blame for the chaos surrounding Thomas Cook’s bankruptcy and should make tougher licensing demands to prevent airline collapses stranding passengers.
As Draghi leaves ECB, his opponents get chance to turn the tables
Mario Draghi leaves the European Central Bank at the end of the month, and that may give opponents of his ultra-easy monetary policy a chance to shift the tone of the debate at the top of the institution.
TSMC counter-sues U.S. chip rival GlobalFoundries for patent infringement
Apple Inc supplier TSMC has counter-sued smaller contract chipmaking rival GlobalFoundries Inc in the United States, Germany and Singapore, saying the U.S. firm has infringed 25 of its patents.
Factbox: European airline collapses since 2017
Adria Airways is the latest in a string of airlines to have folded in the past few years, leaving thousands of passengers stranded in airports, with a knock-on effect on related industries such as hospitality.
Credit Suisse clears CEO Thiam of spying on star banker
Credit Suisse on Tuesday cleared Chief Executive Tidjane Thiam of ordering the botched surveillance of the bank’s former wealth management head Iqbal Khan, but said its chief operating officer had resigned to take responsibility.
