CVS Health quarterly profit beats estimates
CVS Health Corp’s third-quarter profit beat analysts’ estimates on Tuesday, helped by strong sales of prescription drugs at its pharmacy stores.
Thomson Reuters reports better-than-expected quarterly profit
Thomson Reuters Corp on Tuesday reported a smaller-then-expected fall in third-quarter earnings and said it was on track for a solid 2018 and a better performance in 2019.
Lilly lifts earnings forecast as newer drugs provide boost
Eli Lilly and Co topped Wall Street estimates for third-quarter profit on Tuesday and raised its yearly earnings target, led by stronger demand for its newer drugs such as diabetes treatment Trulicity and psoriasis medicine Taltz.
Germany says EU should revise, delay digital tax plan
Germany’s Finance Minister Olaf Scholz said on Tuesday the European Commission should revise its plan for a EU-wide tax on large digital companies and stressed the new levy should be applied only if there is no global deal by the summer of 2020.
Boeing, Airbus fret over trade war as China displays aviation ambitions
The world’s two largest planemakers signaled on Tuesday that they were keen to see an end to a bruising trade war between Washington and Beijing, as China opened its largest airshow with a display that showcased its aviation ambitions.
VW brand warns 2018 operating return on sales to be at lower end of range
Volkswagen on Tuesday said the operating return on sales at its core VW passenger car brand would come in at the lower end of its 4 to 5 percent target range this year.
EU states divided over digital tax, fear U.S. retaliation
EU governments are divided over a plan to tax big internet firms like Google and Facebook on their turnover, fearing retaliation from the United States, and could delay its application until a global deal is reached, top officials said on Tuesday.
Caution grips European stocks as investors punish earnings misses
European shares dipped on Tuesday as investors punished companies like Zalando and Pandora that missed expectations, while caution prevailed ahead of U.S. mid-term elections.
Stocks, dollar hunker down for U.S. midterm elections
European shares sagged and the dollar and bond markets barely budged on Tuesday, as traders braced for midterm elections in the United States and potentially lively sessions ahead.
Iran oil exports to plummet in November, then rebound as buyers use waivers
Iran’s oil exports have fallen sharply since U.S. President Donald Trump said at mid-year he would reimpose sanctions on Tehran, but with waivers in hand the Islamic Republic’s major buyers are already planning to scale up orders again.
