Demand for new designer’s ranges lift Burberry sales and shares
Strong demand for designer Riccardo Tisci’s new fashion ranges helped revenue at British label Burberry grow faster than expected in the first quarter, sending its shares soaring as a high stakes overhaul showed early signs of promise.
Tech executives head to Capitol Hill for antitrust hearing
Executives from tech giants Apple Inc, Amazon.com Inc, Facebook Inc and Alphabet’s Google go before the House Judiciary Committee’s antitrust panel Tuesday to discuss competition in online markets.
Samsung, SK Hynix ask Korean firm to boost chemicals supply amid Japanese curbs
South Korea’s Samsung Electronics and SK Hynix have asked a local supplier to the boost supply of a key chipmaking chemical to guard against any production disruptions, an official at the supplier said on Tuesday.
Ryanair halves 2020 growth plans on Boeing MAX delays
Ryanair has halved its growth plans for next year due to delays in deliveries of Boeing’s grounded 737 MAX jet, lifting shares in rival European airlines which had feared a surge in new capacity would drag down ticket prices.
Husqvarna cools on 2019 margin after chill dents lawn mower demand
Husqvarna , the world’s biggest maker of garden power tools such as robotic lawn mowers, blamed cold weather for a fall in second-quarter sales and said the dip in demand meant it would probably not achieve its margin target this year.
Oil steadies as U.S. supply concerns ease, Iran tension unresolved
Oil prices steadied 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.
World stocks mark time ahead of U.S. data, earnings
Global stocks struggled to cling to recent gains on Tuesday and the dollar lingered with markets awaiting U.S. data and a slew of corporate and bank earnings for a fresh readout on the health of the world’s largest economy.
China says Trump ‘misleading’ people linking trade deal, slowing economy
China on Tuesday rebuffed a suggestion from U.S. President Donald Trump that Beijing needs a trade deal with the United States because its economy is slowing, saying this was “totally misleading” and that both countries wanted an agreement.
EU goods trade gaps with U.S. and China widen
The European Union’s trade surplus in goods with the United States and its deficit with China both increased in the first five months of 2019, figures that could add extra strain to global tensions.
U.S. property trust Vornado challenges Arcadia’s restructuring plan
Philip Green’s fashion empire Arcadia Group said on Tuesday it received applications from legal entities of U.S.-based property group Vornado challenging two of its seven planned Company Voluntary Agreements (CVAs).
