Oil prices tick up ahead of U.S. crude stock data
Oil prices rose slightly on Tuesday ahead of U.S. data expected to show crude stocks declining there, outweighing investors’ concerns that U.S.-China trade tensions could weigh on fuel demand.
Wall St. opens flat ahead of Fed speeches
U.S. stocks opened flat on Tuesday, as rising tensions in the Middle East and signs that U.S.-China trade talks may generate little progress kept investors on the sidelines, ahead of a handful of speeches by Federal Reserve officials later in the day.
Gold soars to six-year high as trade, Iran tensions mount
Trade anxiety and escalating tensions between the United States and Iran sent gold soaring to a six-year high on Tuesday, and saw traders dive back into safe-harbour government bonds and the yen and Swiss franc at the expense of the dollar.
AbbVie looks beyond Humira with $63 billion deal for Botox-maker Allergan
Drugmaker AbbVie Inc said on Tuesday it would acquire Allergan Plc for about $63 billion, giving AbbVie control over the lucrative wrinkle treatment Botox and buying time to seek new growth before its blockbuster arthritis treatment Humira loses U.S. …
Unilever to close Henderson ice cream manufacturing facility in Nevada
Consumer goods giant Unilever said it would close its ice cream manufacturing facility in Henderson, Nevada, hurting about 300 jobs.
Disney in talks to invest in Indonesia’s largest media firm: source
Media Nusantara Citra is not in talks with Disney over an investment in one of the Indonesian media group’s companies, president and founder Hary Tanoesoedibjo said on Tuesday.
European watchdogs demand detail on Facebook’s cryptocurrency
Facebook’s fledgling cryptocurrency faced mounting scrutiny on Tuesday as European central bankers and regulators demanded more detail on the social media giant’s Libra project.
Traton trading at mid-point of IPO range in gray market
Shares in Volkswagen’s truck unit Traton were trading on the gray market at around the mid-point of its initial public offering price (IPO) range ahead of its market debut on Friday.
Futures lower on Iran tensions, trade worries
U.S. stock futures were pulled lower by Iran tensions and trade worries on Tuesday, with investors focusing on Federal Reserve officials for more clarity on interest rates.
AbbVie to buy Botox-maker Allergan in $63 billion deal
Drugmaker AbbVie Inc said on Tuesday it would buy Botox-maker Allergan Plc for about $63 billion, grabbing control of by far the biggest name in medical aesthetics to help reduce its reliance on blockbuster arthritis treatment Humira.
