Wall Street sinks on worries over slowing growth, trade truce outcome
Wall Street fell more than 2 percent on Tuesday, led by bank stocks as a flattening U.S. Treasury yield curve set off warning lights about slowing growth and on fading hopes of a speedy resolution to the U.S.-China trade spat.
Instant View: Stocks slammed, yield curve flattens on trade doubts, growth worries
U.S. stocks plunged on Tuesday and more points along the Treasury yield curve inverted as doubts arose over a speedy resolution to the U.S.-China trade dispute and over the health of the global economy.
Trump says if no China trade deal possible, ‘I am a Tariff Man’
U.S. President Donald Trump on Tuesday held out the possibility of an extension of the 90-day trade truce with China but warned he would revert to tariffs if the two sides could not resolve their differences.
U.S. judge concerned over government nod for CVS-Aetna deal
A federal judge who has been asked to sign off on the U.S. government’s decision to approve CVS Health Corp’s acquisition of insurer Aetna Inc said Tuesday he was “less convinced” than the government that the companies had struck a deal that ensured t…
White House presses German automakers to expand U.S. investments
President Donald Trump pressed senior executives of leading German automakers to expand their investments in the United States as the White House considers imposing new tariffs on European-made vehicles.
Tech giants in spotlight as EU lawmakers consider strong action
Google , Amazon , Apple and other tech giants face one of their biggest challenges this week as a key EU lawmaking committee prepares to take a tough stance on legislation designed to curb their power and boost the rights of businesses.
OPEC has problems with some oil producers, reasons for Qatar’s exit must be examined: Iran oil minister
OPEC has problems with some oil producers, and the reasons for Qatar’s exit from the organization must be examined, Iranian Oil Minister Bijan Zanganeh said on Tuesday, according to the Islamic Republic News Agency (IRNA).
Visa, Mastercard offer to cap tourist card fees to end EU probe
Visa and Mastercard have offered to cap the fees charged on card payments made by tourists in the European Union to stave off fines and end an EU antitrust investigation.
Oil curbs gains amid trade, output cut uncertainty
Oil prices pared gains in a volatile trade on Tuesday amid fears that demand would stall due to a trade war between the United States and China, and concerns that Russia remains a stumbling block to a deal to cut global crude supply.
OPEC has problems, reasons for Qatar’s exit must be examined: Iran oil minister
OPEC has problems, and the reasons for Qatar’s exit from the organization must be examined, Iranian Oil Minister Bijan Zanganeh said on Tuesday, according to the Islamic Republic News Agency (IRNA).
