World stocks rally on hopes for U.S.-China trade deal
Signs that the United States and China might reach an agreement in trade talks and news of a tentative deal to avoid another government shutdown in Washington helped push world stock markets and bond yields broadly higher Tuesday.
German minister backs tougher rules on telecoms suppliers
Interior Minister Horst Seehofer has thrown his weight behind a proposal to reform Germany’s telecommunications law to toughen security requirements on foreign network vendors, the RND group of newspapers reported on Tuesday.
Oil up nearly 3 percent on Saudi and OPEC cuts
Oil prices gained nearly 3 percent on Tuesday, supported by OPEC-led production cuts, which Saudi Arabia said it would surpass by more than half a million barrels per day (bpd), and by U.S. sanctions against Iran and Venezuela.
Wells Fargo’s 2019 net interest income dependent on loan growth, deposits: CFO
Wells Fargo & Co expects its net interest income, a key measure of bank profitability, to be up or down 2 percent for the year in 2019, depending on deposit pricing and loan growth.
Goldman Sachs to boost number of mid-sized corporate clients: CEO
Goldman Sachs Group Inc Chief Executive Officer David Solomon said on Tuesday the bank aims to boost the number of mid-size corporate clients it serves over the next few years.
Bank of England’s Carney warns UK of no-deal Brexit hit
Bank of England Governor Mark Carney said on Tuesday Britain should be under no illusions about the likely shock to its economy if it leaves the European Union next month without a transition deal to ease the shock.
EA’s ‘Apex Legends’ tops ‘Fortnite’ record with 25 million signups
Shares of Electronic Arts Inc jumped 8 percent on Tuesday after the videogame maker said 25 million players signed up for its new battle royal game “Apex Legends”.
Wall St. opens higher on trade hopes, progress to avert government shutdown
U.S. stocks opened higher on Tuesday, buoyed by a tentative deal reached by U.S. lawmakers to avoid another partial government shutdown and as the United States and China expressed optimism about the ongoing trade talks.
Altria now taps U.S. bond market after Europe to fund Juul deal
Marlboro maker Altria said on Tuesday it would issue bonds in the United States to help fund its purchase of a stake in fast-growing e-cigarette company Juul, a day after announcing a similar move in the European bond market.
Pompeo calls for open, fair competition between firms
The United States is fine with companies competing in global markets but it must be done in an open and transparent way, U.S. Secretary of State Mike Pompeo said on Tuesday when questioned about the role of Chinese firms such as Huawei.
