Exclusive: UniCredit advances toward bid for Germany’s Commerzbank – sources
UniCredit has stepped up preparations for a potential bid for Germany’s Commerzbank by drafting in investment bankers including a former top German official, three people familiar with the matter said.
Wall St. rebounds as U.S.-China trade rhetoric cools
Technology stocks led the S&P 500 and the Nasdaq higher on Tuesday, with U.S. stocks reclaiming ground lost to Monday’s steep sell-off as investors took heart from a tonal shift in ongoing U.S. trade negotiations with China.
Oil prices jump nearly 2% on drone attack on Saudi Aramco facilities
Oil prices rose nearly 2% on Tuesday after top exporter Saudi Arabia said explosive-laden drones launched by a Yemeni-armed movement aligned to Iran had attacked facilities belonging to state oil company Aramco.
FCC to take ‘fresh look’ at opening key 5.9 GHz spectrum band
The U.S. Federal Communications Commission plans to vote in June on launching a new review of a key band of spectrum that has been reserved for automakers that could boost Wi-Fi use, a person briefed on the matter said on Tuesday.
Global stocks rebound as Trump downplays U.S.-China trade fight
U.S. and European stocks regained ground on Tuesday after President Donald Trump downplayed the U.S.-China trade war as “a little squabble” a day after a spike in tensions between the world’s two largest economies rattled financial markets.
Disney takes control of Hulu to challenge Netflix, Amazon
Walt Disney Co said it will take full control of the Hulu service in a deal with Comcast Corp, as it vies for a bigger piece of the global video streaming market dominated by companies such as Netflix Inc.
Trump: No collapse in China trade talks, tariff war ‘a little squabble’
U.S. President Donald Trump insisted on Tuesday that trade talks with China have not collapsed and called the widening U.S.-China tariff war “a little squabble,” even as his administration readies 25% duties on all remaining Chinese imports.
OPEC sees more 2019 demand for its oil as it keeps cutting output
OPEC said on Tuesday that world demand for its oil would be higher than expected this year as supply growth from rivals including U.S. shale producers slows, pointing to a tighter market if the exporter group refrains from raising output.
Tech stocks power Wall Street’s recovery from trade-led selloff
U.S. stock indexes rebounded on Tuesday from one of their worst selloffs in 2019, as investors saw value in technology stocks that took a hit on Monday from heightened trade tensions between the United States and China.
GE books more power plant orders, beats Mitsubishi, Siemens: sources
General Electric Co won the most orders in the sharply contracting market for new gas-fired power plants in the first quarter, according to people familiar with the matter.
