Oil sinks as manufacturing data feeds global economy worries
Oil prices fell on Tuesday, with U.S. crude futures down 2% after manufacturing data raised concerns about a weakening global economy, while the U.S.-China trade dispute continued to drag on investor sentiment.
U.S. manufacturing shrinks, 10-year yield hits three-year low
U.S. Treasury yields fell on Tuesday, with the benchmark 10-year yield hitting its lowest since July 2016, after U.S. manufacturing data showed the first contraction since 2016 on worries about a weakening global economy and U.S.-China trade tensions.
Oil industry urges Trump administration to dismiss biofuel industry wish list
The American Petroleum Institute on Tuesday urged the Trump administration to reject proposals floated by U.S. farmers and ethanol producers to boost ethanol demand, the latest development in the clash over biofuel policy.
Google target of new U.S. antitrust probe by state attorneys general
More than 30 U.S. state attorneys general are readying an investigation into Alphabet Inc’s Google for potential antitrust violations, a source knowledgeable about the probe said on Tuesday.
IATA chief ‘worried’ about global regulators’ discrepancy over Boeing 737 MAX
The head of global airlines lobby IATA warned on Tuesday that a discrepancy among global regulators over reapproving Boeing Co’s 737 MAX for commercial flight could set a worrying precedent for future aircraft programs.
Wall Street bogged down by trade, growth concerns
U.S. stocks fell on Tuesday after the United States and China imposed new tariffs on each other and data showed U.S. factory activity shrank in August for the first time since 2016, renewing growth fears.
Wall Street traders pump up Argentine peso as currency controls hit home
Argentina’s peso surged on Tuesday, pumped up by Wall Street traders cheering President Mauricio Macri’s capital controls that are aimed at protecting the beleaguered currency.
Congressional antitrust panel to discuss Big Tech competition
The Senate’s antitrust panel will meet later this month to discuss concerns that tech giants, such as Google or Amazon, seek to buy smaller rivals in order to head off competition.
Air Canada files challenge over Onex’s C$3.5 billion buyout of rival WestJet
Air Canada has challenged Onex Corp’s proposed acquisition of WestJet Airlines , on grounds that the deal may not meet the country’s ownership rules, according to a letter sent by the carrier to the Canadian Transportation Agency.
Google target of new antitrust probe by state attorneys general: Washington Post
More than half of U.S. state attorneys general are readying an investigation into Alphabet Inc’s Google for potential antitrust violations, the Washington Post reported on Tuesday.
