Barclays sees Carrefour-Casino merger as possible, pushing up Casino shares
Shares in French retailer Casino rose around 2% on Tuesday after Barclays said in a note that a tie-up with larger rival Carrefour could be a possibility “given the difficulties encountered by Casino’s majority shareholder.”
Senate to grill Facebook over plans for Libra cryptocurrency
U.S. lawmakers from both sides of the aisle are set to grill Facebook Inc on its cryptocurrency plans on Tuesday, as the project continues to draw intense scrutiny from financial regulators and politicians across the globe. Facebook is fighting a re…
Amazon offers $10 to Prime Day shoppers who hand over their data
Amazon.com Inc has a promotion for U.S. shoppers on Prime Day, the 48-hour marketing blitz that started Monday: Earn $10 of credit if you let Amazon track the websites you visit.
JPMorgan profit rises 16% on tax gain
JPMorgan Chase & Co reported a 16% rise in quarterly profit as higher net interest income and a tax gain more than made up for lower activity at the bank’s trading desks.
Johnson & Johnson quarterly profit jumps 41.8%
Johnson & Johnson reported a 41.8% rise in second-quarter profit on Tuesday, helped by its pharmaceuticals business.
Oil firms as U.S. supply concerns ease but Iran tension lingers
Oil prices rose on Tuesday as a resumption of output in the Gulf of Mexico after Hurricane Barry and a boom in U.S. supply due to shale oil countered tensions in the Middle East.
Factbox – Blockchain projects: A status update
Banks, exchange operators and other companies are investing billions of dollars to find uses for blockchain, a digital ledger used by cryptocurrencies like bitcoin.
Wall Street finds blockchain hard to tame after early euphoria
Two years ago Nasdaq Inc and Citigroup Inc announced a new blockchain system they said would make payments of private securities transactions more efficient. Nasdaq Chief Executive Adena Friedman called it “a milestone in the global financial sector….
Ryanair CEO says confident in ‘great’ Boeing 737 MAX despite delays
Ryanair remains confident in the Boeing 737 MAX and believes the plane will be “warmly welcomed” by customers, Chief Executive Michael O’Leary said on Tuesday after he was forced to half the airline’s 2020 growth plans due to the plane’s grounding.
Bleak German mood weighs on Europe, Brexit pummels pound
Darkening German investor morale and fresh Brexit woes cast a shadow over European markets on Tuesday, with German benchmark bond yields coming under pressure and the pound plunging to six month-lows against the euro.
