Equities slump on growth, trade worries
A gauge of world stock markets fell on Tuesday as concerns over global growth and trade gave investors incentive to look toward safe-haven assets such as the Japanese yen and government bonds.
IBM revenue beats estimates on strength in cloud, services businesses
IBM Corp reported a smaller-than-expected 3.5 percent drop in fourth-quarter revenue on Tuesday, as higher sales in its newer businesses such as cloud, software and services partially offset tapering sales of its latest mainframe computers and the pres…
GM, facing losses in Brazil, seeks tax breaks in Sao Paulo state
General Motors Co’s Brazil unit is in advanced talks with Sao Paulo state to receive tax incentives, the company told public officials and union representatives at a meeting on Tuesday, a few days after telling workers in a memo that it was losing mon…
PG&E shares surge as company secures $5.5 billion in bankruptcy financing
U.S. power producer PG&E Corp’s shares surged as much as 16 percent on Tuesday after it said it had secured $5.5 billion in debtor-in-possession (DIP) financing from four banks as it prepares to file for Chapter 11 bankruptcy protection.
Carrefour confident over overhaul despite fourth-quarter ‘yellow vests’ hit
Carrefour said on Tuesday it was confident its overhaul plan was on track, although sales growth slowed slightly in the fourth quarter as 10 weeks of anti-government protests hit hypermarket sales in its core French market.
Wall Street ends four-day rally as economic outlook, corporate forecasts sour
Wall Street ended its four-day rally on Tuesday as a gloomy global economic growth outlook and disappointing company forecasts dampened investor spirits at the height of fourth-quarter reporting season.
U.S. will seek extradition of Huawei CFO from Canada
The U.S. Justice Department said on Tuesday it will pursue the extradition of the chief financial officer of China’s Huawei Technologies Co Ltd’s, arrested in Canada in December.
Facing losses in Brazil, GM turns to Sao Paulo state for tax breaks
General Motors Co’s Brazil unit is in advanced talks with Sao Paulo state to receive tax incentives, the company told public officials and union representatives at a meeting on Tuesday, a few days after it said in a memo to workers that it was losing …
Equities slump as growth worries resurface
A gauge of world stock markets fell on Tuesday as concerns over global growth spurred investors to look toward safe-haven assets such as the Japanese yen and government bonds, with equities extending losses on additional trade worries.
Oil drops nearly 3 percent on rising supplies, China slowdown
Oil prices fell 3 percent on Tuesday over concerns the world’s stumbling economy could pinch fuel demand as U.S. crude output climbs to new heights and cuts by Saudi Arabia and its allies are smaller than advertised.
