Oil edges up on supply cuts; trade worries limit gains
Oil futures edged up on Tuesday as OPEC supply cuts and Middle East tensions kept global benchmark Brent crude above $64 a barrel, while gains were limited by the U.S.-China trade dispute that has dragged on the global economy and crimped oil demand.
Mexico calls out Luis Vuitton for using traditional pattern
The Mexican government has questioned Louis Vuitton’s use of a traditional Mexican pattern in the design of a chair, less than a month after it sent a similar letter to another prominent fashion house.
Boeing deliveries fall 37%, set to lose biggest planemaker title
Boeing Co said on Tuesday its deliveries fell about 37% to 239 planes in the first half of 2019, hurt by the groundings of its best-selling 737 MAX jets, putting it on track to lose the world’s biggest planemaker title after eight years.
ABB’s Voser battles headwinds as pursues overhaul, new CEO
ABB is pressing ahead with a review of its underperforming businesses and expects a customer slowdown and China-U.S. trade tensions to mean a turbulent year, its Chairman and interim Chief Executive Peter Voser told Reuters.
Cisco to buy optical gear maker Acacia for $2.8 billion to build 5G muscle
Network gear maker Cisco Systems Inc said on Tuesday it would buy optical component maker Acacia Communications Inc for $2.84 billion in cash, as it seeks to garner a bigger chunk of 5G spending by telecom companies.
ABB’s Voser battles headwinds as he pursues overhaul
ABB is pressing ahead with a review of its underperforming businesses and expects a turbulent 2019 amid a slowdown in some markets and China-U.S. trade tensions, Chairman and interim Chief Executive Peter Voser told Reuters.
PepsiCo’s mini-sized sodas boost quarterly results
PepsiCo Inc’s quarterly revenue and profit beat Wall Street estimates on Tuesday, boosted by higher sales of its traditional Pepsi soda as well as snacks Lay’s and Dorito chips.
U.S. expects China to buy farm products during trade talks: Kudlow
White House economic adviser Larry Kudlow on Tuesday said China was expected to move forward with agricultural purchases from the United States even as trade talks resumed between the two countries, with top officials slated to talk by phone this week….
Wall St. slips on trade concerns, muted rate cut hopes
U.S. stocks dropped on Tuesday as investors fretted over a hit to company earnings from the protracted U.S.-China trade dispute and reined in expectations of a big interest rate cut by the Federal Reserve later this month.
Deutsche Bank in partnership talks with SoftBank-backed OakNorth: source
Deutsche Bank is in talks with SoftBank-backed British fintech firm OakNorth to use the latter’s credit analysis and monitoring platform, a source with knowledge of the discussions told Reuters.
