Home Depot same-store sales miss Wall St. forecasts
Home Depot Inc missed Wall Street estimates for same-store sales on Tuesday, as rising U.S. home prices weakened housing demand and construction activity.
Platinum Partners’ Nordlicht, others face $1 billion fraud trial in NY
Former Platinum Partners chief Mark Nordlicht and other executives of the now-defunct hedge fund group are due to go to trial on Tuesday on charges they defrauded investors out of $1 billion.
Exclusive: Energy trader Gunvor mulls asset sales after first annual loss
Energy trader Gunvor Group is considering selling non-core assets in Russia and finding a strategic partner for its German refinery as it tries to recover from the first-ever annual loss it suffered in 2018, trading and banking sources said.
Oil edges up to $65 as OPEC seen rebuffing Trump pressure
Oil edged up to $65 a barrel on Tuesday as OPEC was expected to stick to its production cuts despite pressure from U.S. President Donald Trump, although the prospect of higher Libyan output capped gains.
Pound leaps on Brexit hopes, shares take a breather
World shares took a breather on Tuesday having scaled a five-month high, while Britain’s pound charged to a one-month top on renewed speculation that UK Prime Minister Theresa May was being bundled towards delaying Brexit.
Telecoms industry sees need to tighten network security, regardless of Huawei
The telecoms industry is acutely aware of the need to ensure that ever-more complex mobile networks are safe, the head of its main lobby group told Reuters, as debate swirls over whether to bar some equipment vendors on national security grounds.
Standard Chartered resets growth targets with cost cuts, divestment plans
Standard Chartered PLC has unveiled plans to double returns and dividends in three years by cutting $700 million in costs and boosting income, even though the bank missed its previous targets in tough market conditions.
Aramco CEO says oil industry facing ‘a crisis of perception’
Saudi Aramco’s chief executive said on Tuesday the oil industry is facing “a crisis of perception” and the views of some observers that the end of oil is near with the rise of electric vehicles are illogical and not based on fact.
Boeing shifting spare parts in preparation for Brexit: executive
Boeing Co has been shifting spare parts between its distribution centers in the United Kingdom and elsewhere in the world in preparation for Brexit, an executive said on Tuesday.
Oil eases after Trump urges OPEC to curb efforts to boost prices
Oil inched lower on Tuesday to extend losses of more than 3 percent from the previous session, easing after U.S. President Donald Trump called on OPEC to rein in its efforts to boost prices.
