European shares recover after U.S. tech rout; dollar falls
European shares recovered on Tuesday after feeling the strain of a tech rout on Wall Street, while the dollar lost momentum as hopes mounted for a de-escalation in the Sino-U.S. tariff war.
Walmart Indian venture Flipkart loses CEO after misconduct probe
The Chief Executive and co-founder of Walmart’s Indian venture Flipkart Group, Binny Bansal, has resigned following a probe into serious personal misconduct, Walmart Inc said in a regulatory filing on Tuesday.
Goldman Sachs bankers ‘cheated’ Malaysia over 1MDB: PM Mahathir
Malaysian Prime Minister Mahathir Mohamad said bankers at Goldman Sachs Group Inc “cheated” the country in dealings with state fund 1MDB and that U.S. authorities have promised to help return the fees the Wall Street bank earned from the fund.
OPEC warns of 2019 oil glut as demand slows, rival supply rises
OPEC warned on Tuesday that an oil supply glut could emerge in 2019 as the world economy slows and supply from rival producers rises more quickly than expected, building a case for cutting output at a meeting next month.
Home Depot tops sales estimates, boosts annual forecasts
Home Depot Inc exceeded analyst estimates for quarterly comparable-store sales on Tuesday, as consumers spent money on remodeling their homes amid a shaky U.S. housing market.
New Vodafone boss to cut costs, make more of masts
Vodafone’s new chief executive said he would cut costs and seek to maximize the value of its masts and towers to drive higher returns at the world’s second largest mobile operator after taking charge last month.
U.S. pigs out on bacon, ribs as trade wars cut chicken demand
Americans are losing their taste for chicken and eating more beef and pork as President Donald Trump’s trade wars reduce U.S. pork exports to China and Mexico and leave cheaper bacon and ribs at home.
Oil down 2 percent after Trump urges OPEC not to cut supply
Oil prices fell more than 2 percent on Tuesday after U.S. President Donald Trump put pressure on OPEC not to cut supply to prop up the market.
Malaysia says it wants to reclaim fees, consequential losses from Goldman over 1MDB deals
Malaysia wants to reclaim from Goldman Sachs Group Inc the fees the U.S. bank received for helping state fund 1Malaysia Development Bhd (1MDB) [TERRN.UL] raise money as well as consequential losses, Minister of Finance Lim Guan Eng said on Tuesday.
Malaysia PM says U.S. DOJ will help return money Goldman Sachs charged for 1MDB dealings
Malaysia Prime Minister Mahathir Mohamad said on Tuesday U.S. prosecutors had promised to help return money that Goldman Sachs charged for its dealings with troubled Malaysian state fund 1MDB.
