‘Storm approaching’: firms fear for deliveries in shipping shakeup
U.S. furniture company RC Willey Home Furnishings is so concerned that new global clean air rules will cause transport disruption that it brought forward the shipment of arm chairs and sofas from China by two months.
Credit Suisse combines unit InvestLab with Spain’s Allfunds
Swiss bank Credit Suisse said on Tuesday it has combined its open-architecture business-to-business investment fund platform – Credit Suisse InvestLab – with Spain-based funds solutions provider Allfunds Group.
Australia’s Domino’s Pizza sued for underpaying staff, shares slide
Australia’s Domino’s Pizza Enterprises was hit on Tuesday by a class-action lawsuit over employee underpayment which the fast-food chain said it would defend itself against, but its shares fell more than 6% to a four-year low.
Oil prices drop amid demand worries, but U.S.-Iran tensions support
Oil fell on Tuesday amid concerns over the outlook for crude demand, but prices were supported after Washington announced new sanctions on Iran amid mounting tensions in the Middle East.
Nissan pours cold water on hopes for quick fix to Renault strain
Nissan Motor on Tuesday threw cold water on hopes for a quick fix to its strained relations with France’s Renault SA, saying inequality between the partners could unravel their two-decade-old automaking alliance.
Stocks suffer trade jitters, dollar braced for more Fed talk
Asian shares were hamstrung by trade worries Tuesday as expectations of more dovish talk from the Federal Reserve pushed down Treasury yields and the dollar, while propelling gold prices to six-year peaks.
Nissan says to postpone talks on deepening alliance, focus on recovery
Nissan Motor Co will postpone talks with French partner Renault on deepening their alliance and instead focus on its own recovery, Chief Executive Hiroto Saikawa said on Tuesday, signaling no quick-fix for the strained automaking partnership.
Oil prices steady, U.S.-Iran tensions remain in focus
Oil prices were steady on Tuesday, supported by worries over conflict between Iran and the United States but pressured by concerns about a potential decline in demand for crude.
FedEx sues U.S. government over ‘impossible’ task of policing exports to China
U.S. parcel delivery firm FedEx Corp on Monday sued the U.S. government, saying it should not be held liable if it inadvertently shipped products that violated a Trump administration ban on exports to some Chinese companies.
Dollar falls with yields as more Fed talk awaited
Asian stocks were left adrift on Tuesday as expectations of more dovish talk from the Federal Reserve pushed down Treasury yields and the dollar, while lifting gold to six-year peaks.
