Futures slide amid geopolitical tensions, trade worries
U.S. stock index futures fell on Tuesday, tracking a global shift out of riskier assets, as investors grappled with simmering geopolitical tensions and fears of a recession due to a drawn-out U.S.-China trade war.
As Barneys struggles, fashion vendors try on alternative channels
When fashion label Prada started demanding greater control over shop floor arrangements in U.S. department stores, Barneys New York, now mired in bankruptcy proceedings, was one of the few with enough swagger to resist.
Oil rises on talk of more OPEC cuts, demand concerns linger
Oil prices edged higher on Tuesday as expectations for major producers to further curtail output offset lingering concerns over global demand and rising U.S. production.
Exclusive: Yuan at right level, disorderly capital flows unlikely – China central bank official
China’s yuan is at an appropriate level currently and two-way fluctuations in the currency will not necessarily cause disorderly capital flows, a senior official at the People’s Bank of China told Reuters on Tuesday.
Reliance shares see biggest intraday gain in a decade; rivals hit by disruption fears
Reliance Industries shares saw their biggest intraday rise in more than a decade on Tuesday, after the company set a target to reach zero net debt in 18 months and vowed to reward shareholders with higher dividends and periodic bonus issues.
Shares shunted after Argentina crash, safe-havens shine
Share markets fell for a third straight day on Tuesday as fears about a drawn out global trade war, protests in Hong Kong and a crash in Argentina’s peso currency kept investors huddled in bonds, gold, and the Japanese yen for safety.
Scout24 to explore sale or spin-off of autos platform
German classifieds group Scout24 said on Tuesday it would explore a sale or spin-off of its autos platform and borrow more to buy back shares, after facing calls from activist investor Elliott to boost shareholder returns.
Exclusive: Google’s jobs search draws antitrust complaints from rivals
Google’s fast-growing tool for searching job listings has been a boon for employers and job boards starving for candidates, but several rival job-finding services contend anti-competitive behavior has fueled its rise and cost them users and profits.
Scout24 sets strategic review for autos platform
German classified listings group Scout24 , reporting upbeat second-quarter profits, said on Tuesday it would explore options for its autos platform after facing calls from activist investor Elliott to sell the business.
Scout24 to explore sale or spin-off of autos portal: CEO
Scout24 will explore the potential sale or spin-off of its autos marketplace, CEO Tobias Hartmann said, responding to activist investor Elliott’s call to sell the business to boost shareholder returns.
