Stock Futures slip as trade tensions weigh
U.S. stock index futures fell on Tuesday, as Washington’s new round of tariffs on some Chinese goods kicked in and after a report that officials from both sides were struggling to decide on the schedule for a meeting this month.
Oil drops 2% as trade war rumbles on and output swells
Oil prices fell by 2% on Tuesday, weighed down by rising OPEC and Russian oil output as well as the protracted U.S.-China trade dispute that has dragged on the global economy.
Netflix applies for license under new Turkish broadcasting rules
U.S. online streaming service Netflix has applied for a license to continue operating in Turkey under new online broadcasting rules that have raised fears over possible censorship in the future.
U.S. IPOs hope for stock market volatility reprieve
U.S. companies planning to launch initial public offerings (IPOs) in the coming weeks are hoping that August’s bout of stock market volatility will subside this month, according to investment bankers and capital markets lawyers advising them.
Executive’s flight to PSA highlights Renault-Nissan alliance tensions
A senior Renault-Nissan executive has quit the troubled carmaking alliance to join Peugeot maker PSA Group , blaming Renault boss Thierry Bollore for forcing his exit.
Global stocks stumble toward two-month lows as U.S. data looms
Global stocks slipped toward a recent two-month low on Tuesday, as U.S.-China trade tensions drove investors to the relative shelter of gold, the Japanese yen and government debt.
Marvel superheroes power up Lego’s sales
Models of superheroes and villains from Marvel’s “Avengers” movies helped lift first-half sales at Lego, as the Danish toymaker continued its turnaround drive with investments in China, India, the internet and new stores.
Just Eat shareholder Eminence Capital to vote against Takeaway.com merger
A top-10 shareholder in Just Eat said on Tuesday it would vote against the British food delivery company’s proposed 9 billion pound ($11 billion) merger with Takeaway.com , saying the deal undervalued Just Eat.
China’s Xiaomi plans $1.5 billion buyback to arrest stock tumble
Chinese smartphone maker Xiaomi Corp announced a HK$12 billion ($1.53 billion) share buyback plan on Tuesday, in a reversal of its cash-management strategy that is aimed at boosting its floundering stock.
Roche, Spark again extend $4.3 billion takeover offer
Roche Holding and Spark Therapeutics announced on Tuesday another extension of the Swiss drugmaker’s $4.3 billion takeover offer for the U.S. gene therapy specialist as regulatory reviews continue.
