Under Armour expects current-quarter North America revenue to fall
Under Armour Inc expects a mid-single digit fall in its first-quarter revenue in North America, the footwear maker said on a post-earnings conference call on Tuesday.
OPEC cuts oil supply steeply but sees growing 2019 headwinds
OPEC said on Tuesday it had cut oil production steeply under a global supply deal, although it flagged headwinds confronting its efforts to prevent a glut this year including weaker demand and higher rival output.
BoE’s Carney says UK would suffer hit without Brexit deal
Bank of England Governor Mark Carney said there would be a hit to Britain’s economy in the short-term if the country leaves the European Union next month without a deal to smooth its transition.
Lyft founders to tighten grip with supervoting shares in IPO: WSJ
Lyft Inc founders are preparing to take near-majority voting control of the ride-hailing company when it goes public this year, the Wall Street Journal reported on Tuesday, citing sources familiar with the matter.
Global stocks ride high as ‘risk-on’ reigns supreme
World shares and bond yields rode a renewed surge in risk appetite on Tuesday as investors turned optimistic about U.S.-China trade talks and cheered Washington’s deal to avoid another government shutdown.
DHL hires hundreds of customs staff to prepare for no-deal Brexit
Deutsche Post DHL has hired hundreds of workers to deal with new customs procedures expected to be imposed after March 29, when Britain is due to leave the European Union, an executive said on Tuesday.
Companies must compete in open and transparent way: Pompeo
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 asked on the presence of Chinese firms such as Huawei.
Pernod is no takeover target, says CEO after ‘constructive’ Elliott talks
Pernod Ricard has held “cordial and constructive” talks with the activist investor agitating for change at the French drinks group, CEO Alexandre Ricard said on Tuesday before dismissing speculation that it could become a takeover target.
Bank of England’s Carney sees ‘delicate equilibrium’ as world economy slows
Global economic growth is likely to stabilize at a new, slower pace, although China, trade wars and rising protectionism threaten the “delicate equilibrium”, Bank of England Governor Mark Carney said.
Rough ride: Nissan slashes outlook, unveils Ghosn-related charge
Nissan Motor warned its annual profit will plumb six-year lows on waning global sales, underlining the challenges it faces as it also grapples with the fallout from the shocking arrest and ouster of its former chairman Carlos Ghosn.
