HSBC to name Nicolas Moreau as CEO of asset management business – Sky News
HSBC Holdings Plc will appoint Nicolas Moreau as the chief executive of the lender’s $500 billion asset management business, Sky News reported on Tuesday.
U.S. appeals court voids Google ‘cookie’ privacy settlement that paid users nothing
A federal appeals court on Tuesday struck down Google’s class-action settlement meant to resolve claims it invaded the privacy of millions of computer users by installing “cookies” in their browsers, but paying those users nothing for their troubles.
DuPont considers sale of nutrition and biosciences unit – CNBC
Industrial materials maker DuPont is considering the sale of its nutrition and biosciences unit, CNBC said in a tweet on Tuesday, citing a report.
Oil slightly lower as U.S.-China trade tensions weigh
Oil prices fell slightly on Tuesday, with Brent crude remaining near seven-month lows just below $60 a barrel because of increasing trade tensions between China and the United States.
New York fashion grandee Barneys files for bankruptcy protection
U.S. department store operator and fashionista favorite Barneys New York Inc filed for bankruptcy protection on Tuesday and put itself up for sale, underscoring how even luxury retailers are struggling to freshen their image and compete with online riv…
S&P 500 and Nasdaq set to snap six-day losing streak
U.S. stocks rose on Tuesday as China stepped in to stabilize the yuan, soothing concerns that currencies would be the latest weapon in the long-drawn trade war, a day after Wall Street suffered their sharpest one-day percentage drops of the year.
Stock markets mixed, U.S. climbs as currency war fears ease
World stock markets were mixed on Tuesday, with Wall Street making modest gains after China’s central bank stepped in to stabilize the yuan, soothing fears a protracted trade spat between the U.S. and China would spill over into a currency war as well….
Trump vows to help farmers as China halts U.S. agricultural purchases
U.S. President Donald Trump on Tuesday vowed to protect American farmers against China by signaling to provide further aid if needed, a day after Chinese firms stopped agricultural purchases and Beijing threatened more tariffs on U.S. farm products.
Exclusive: Airbus plans A321 Toulouse expansion in traces of axed superjumbo
Airbus is poised to open a new assembly line for the A321neo in Toulouse, France, easing a grip on production of the hot-selling jetliner enjoyed by workers in Germany and accelerating an industrial rethink caused by the demise of the much larger A380….
U.S. labor market slowing as job openings, hiring fall
U.S. job openings and hiring fell in June, suggesting that demand for labor was cooling in tandem with a slowing economy, which could provide another reason for the Federal Reserve to cut interest rates again next month.
