Nissan flags weakest profit in 11 years, Ghosn woes, bleak sales weigh
Nissan Motor Co forecast a 28% plunge in its annual operating profit, setting it up for the weakest earnings in 11 years and underscoring its struggle to turn the page after the ouster of former Chairman Carlos Ghosn.
Record level of funds hedge against stock market tumble: BAML survey
Global investors’ equity allocations fell 6 percentage points in May and over a third of fund managers have taken out protection against sharp stock market falls in coming months, Bank of America Merrill Lynch’s latest monthly survey found.
Fed’s Williams says tariffs boost U.S. inflation
Tariffs imposed by President Donald Trump on Chinese goods in the escalating trade war between the two countries will likely increase the U.S. rate of inflation, a top Federal Reserve policymaker said on Tuesday.
EU regulators to investigate Insurance Ireland data pooling system
EU antitrust regulators opened an investigation on Tuesday into Insurance Ireland’s data pooling system, concerned that conditions set by the association to access the system may block rivals in violation of EU competition rules.
Nissan flags weakest profit in 11 years as Ghosn woes weigh
Nissan Motor Co forecast a 28% drop in its annual operating profit, setting it up for the weakest earnings in 11 years and underscoring its struggle to turn the page after the ouster of former Chairman Carlos Ghosn.
Volkswagen shares rise on truck listing plans
Volkswagen shares rose on Tuesday after the group said it would press ahead with listing its Traton trucks unit, in what is set to be Germany’s biggest share offering so far this year.
China says it hopes U.S. does not underestimate its determination
China’s foreign ministry said on Tuesday that it hopes the United States does not underestimate its determination to protect its interests, even as Washington threatened to extend tariffs to virtually all Chinese imports.
China says agreed with U.S. to keep talking over trade war
China and the United States have agreed to keep talking about their trade dispute, the Chinese government said on Tuesday, as U.S. President Donald Trump said he thought recent discussions in Beijing would be successful.
JPMorgan says UK PM May unlikely to survive beyond the end of June
U.S. investment bank JPMorgan said on Tuesday it was difficult to see British Prime Minister Theresa May surviving beyond the end of June.
World stocks hover near two-month low, investor fears over U.S.-China trade war ease
World stocks hovered near two-month lows on Tuesday, although slightly more optimistic comments from U.S. and Chinese officials on trade brought some comfort a day after equities suffered their worst selloff so far this year.
