Cryptocurrencies to survive sell-off – Allianz’s El-Erian
Cryptocurrencies are here to stay despite a prolonged slump this year, and will gain wider acceptance after the recent entry of more institutional investors in the space, Mohamed El-Erian, chief economic adviser at Allianz, said on Tuesday.
Exclusive: China not seriously considering U.S. Treasuries as trade war weapon – envoy
China’s ambassador to the United States said on Tuesday he does not believe Beijing is seriously considering using its massive U.S. Treasury debt holdings as a weapon in the U.S.-China trade war, citing concerns that such a move would destabilize finan…
Deutsche Bank mulls shake-up of high-level executives: WSJ
Deutsche Bank AG is planning a high-level shake up that could result in the departure of top executives central to its relationships with key regulators in the United States and Europe, the Wall Street Journal reported on Tuesday.
World stocks finish higher on China trade-deal hopes; dollar rises
Stocks on Wall Street logged modest gains on Tuesday as traders remained hopeful that the United States and China can work toward resolving their trade-related differences at the upcoming G20 Summit.
Disney, Fox deny claims in $1 billion Malaysia theme park lawsuit
Walt Disney Co and Twenty-First Century Fox Inc on Tuesday rejected claims in a Malaysia casino operator’s lawsuit accusing them of abandoning a licensing contract tied to the planned construction of a Fox-branded theme park.
TransCanada asks Montana court to allow preliminary work on Keystone XL
TransCanada Corp has asked a Montana court to allow it to resume pre-construction activities on its Keystone XL oil pipeline after a U.S. judge blocked construction on the $8 billion project earlier this month.
Trump open to deal with Xi at dinner but with conditions: Kudlow
U.S. President Donald Trump is open to reaching a deal on U.S.-China trade irritants over dinner on Saturday with Chinese leader Xi Jinping but is ready to hike tariffs on Chinese imports if there is no breakthrough, White House economic adviser Larry …
Amazon adds antenna service for satellite data; courts space industry
Amazon.com Inc said on Tuesday it was starting a new antenna service for uploading and downloading data from satellites, in a bid to lure space industry and other customers to the cloud.
Dow, S&P 500 end up after White House adviser’s trade comments
The S&P 500 and Dow edged higher on Tuesday after White House economic adviser Larry Kudlow said a meeting between President Donald Trump and his Chinese counterpart on Saturday was an opportunity to “turn the page” on a trade war.
Trump threatens to cut GM subsidies in retaliation for U.S. job cuts
U.S. President Donald Trump threatened on Tuesday to eliminate subsidies for General Motors Co in retaliation for the automaker cutting U.S. jobs and plants, and the automaker also took fire from Canadian political and labor leaders for cutbacks there….
