Doubts over Deutsche Bank turnaround plan dent shaky shares
Deutsche Bank shares extended losses on Tuesday on investor doubts that its chief executive can revive the lender by shrinking the investment bank and returning to its roots as banker to corporate Germany.
U.S. to provide licenses for sales to Huawei if national security protected
The U.S. government will issue licenses to companies seeking to sell American-made goods to China’s Huawei where there is no threat to national security, Commerce Secretary Wilbur Ross said on Tuesday, but left key questions unanswered about what produ…
Richard Branson’s Virgin Galactic to launch IPO by end of the year
British billionaire Richard Branson’s Virgin Galactic plans a stock market listing by the end of the year, becoming the first space tourism firm to tap public markets for funding.
PepsiCo’s core soda brand, chips 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.
Wall Street opens lower on trade war fallout concerns
U.S. stocks opened lower on Tuesday, weighed down by worries over the impact of a protracted U.S.-China trade spat on company earnings and lowered expectations of a sharp interest rate cut later this month.
Aramco awards $18 billion in contracts to boost capacity at Marjan, Berri oilfields
Saudi Aramco has awarded 34 contracts with a total value of $18 billion for engineering, procurement and construction projects at its Marjan and Berri oilfields, the company said.
Oil edges up as supply concerns offset trade disputes
Oil edged further above $64 a barrel on Tuesday as OPEC supply cuts and Middle East tensions countered the U.S.-China trade dispute that has been dragging down the global economy and oil demand.
U.S. expects China to buy farm products amid ongoing trade talks: Kudlow
White House economic adviser Larry Kudlow on Tuesday said China was expected to move forward with agriculture purchases from the United States even as trade talks continued between the two countries.
IBM closes $34 billion deal to buy Red Hat
International Business Machines Corp said on Tuesday it has closed its $34 billion acquisition of software company Red Hat Inc as it looks to ramp up its cloud computing business.
Cisco to buy Acacia Communications for $2.8 billion
Network gear maker Cisco Systems Inc said on Tuesday it would buy optical component maker Acacia Communications Inc for $2.84 billion in cash.
