Glencore to cut output, jobs at copper, cobalt mine in Congo: WSJ
Glencore Plc is planning to cut production at one of its largest copper and cobalt mining operations in the Democratic Republic of Congo, the Wall Street Journal reported, citing sources on Tuesday.
Germany’s Altmaier: Cannot confirm report on government decision on Huawei
German Economy Minister Peter Altmaier said on Tuesday he could not confirm a newspaper report saying Berlin was leaning toward letting China’s Huawei participate in building the nation’s high-speed internet infrastructure.
Honda to close British car plant as Brexit looms
Honda will close its only British car plant in 2021 with the loss of up to 3,500 jobs, a major departure of Japanese investment announced just over a month before the United Kingdom is due to leave the European Union.
Tariff nerves wilt stocks, Swedish crown savaged by inflation slowdown
U.S. car tariff worries shunted Europe’s stocks off a four-month high on Tuesday, while Sweden’s crown was savaged by a slowdown in inflation less than two months after its central bank had dared to raise interest rates for the first time in seven year…
UK PM May told Honda president she was disappointed by plant closure: spokesman
British Prime Minister Theresa May spoke to the president of Honda to express her disappointment after the car manufacturer’s decision to shut a plant in England, May’s spokesman said on Tuesday.
Walmart holiday quarter sales top estimates, shares jump
Walmart Inc reported an estimate-beating jump in holiday quarter comparable sales on Tuesday as a strong economy boosted consumer spending and fueled more e-commerce purchases, sending shares of the world’s larger retailer up nearly 3 percent.
Huawei founder says will not share data with China: CBS News
Huawei Technologies Co Ltd’s founder and chief executive pledged not to share any customer information with the Chinese government and said the company had never done so, in an interview with CBS News that aired on Tuesday.
Stock futures dip ahead of fresh U.S.-China trade talks
U.S. stock index futures dipped on Tuesday, as investors started a holiday-shortened week on a cautious note ahead of a fresh round of trade talks between the United States and China.
Get Brexit sorted out, UK business minister says after Honda plant decision
The United Kingdom must urgently end the uncertainty over its exit from the European Union so that businesses can have clarity about the future, business minister Greg Clark said just hours after Honda said it would close its car plant in Britain.
Activist Bramson’s unlikely Barclays board seat bid sharpens scrutiny of bank
Activist investor Edward Bramson’s bid to join the Barclays board is destined to fail, shareholders told Reuters, though he has sharpened scrutiny of its investment banking strategy that Bramson argues has depressed profitability.
