Wall Street gains on robust Coca-Cola, United Tech earnings
U.S. stocks rose on Tuesday boosted by better-than-expected earnings and forecast raises from blue-chip companies including Coca-Cola and United Technologies, soothing concerns over the pace of economic growth.
French carmaker Peugeot to seek European company legal status
French carmaker Peugeot said it would be looking to take up the formal legal status of being a European company, which it said would better reflect the business and the integration of the Opel/Vauxhall businesses.
Oil slips to around $63 as Iran concerns fade for now
Oil slipped to around $63 a barrel on Tuesday as concerns faded for now that rising tensions in the Middle East would escalate and hit oil supplies, compounding the impact of a weaker demand outlook.
EU has 35 billion euro list ready if U.S. hits EU cars: EU trade chief
The European Union would retaliate with extra duties on 35 billion euros ($39.1 billion) worth of U.S. goods if Washington went ahead with tariffs on EU cars, the bloc’s trade chief said on Tuesday.
Wall Street opens higher on strong Coca-Cola, United Tech earnings
U.S. stocks opened higher on Tuesday, lifted by upbeat earnings from blue-chip companies including Coca-Cola and United Technologies, that soothed concerns over the pace of economic growth.
Carmakers race higher, Johnson jitters for sterling
A speeding autos sector and hopes for even lower borrowing costs buoyed world stocks on Tuesday, while a brief sterling rally proved short-lived as hard-Brexit advocate Boris Johnson was confirmed as Britain’s new prime minister.
U.S. tech cos asking White House to speed up Huawei exemptions process: Kudlow
U.S. telecommunications companies are pushing the Trump administration to move quickly on applications seeking exemptions to Huawei’s blacklisting, White House economic adviser Larry Kudlow said in a Fox News interview on Tuesday.
Harley-Davidson cuts 2019 shipments forecast after sales slump
Harley-Davidson Inc on Tuesday trimmed the forecast for shipments of its motorcycles in 2019 after worldwide sales in the second quarter slumped, hurt by higher tariff costs as well as weak demand in the United States.
Hasbro says additional tariffs may lead to higher product prices
Toymaker Hasbro Inc said on Tuesday it would raise product prices if the United States imposes additional tariffs on Chinese imports.
United Tech profit beats on higher demand for aircraft parts
United Technologies Corp reported better-than-expected quarterly earnings and raised its full-year sales and profit forecasts on Tuesday, driven by an increase in demand for aircraft parts and spares.
