VW operating profit drops as anti-pollution rules bite
Volkswagen reported a smaller than expected 18.6 percent drop in third-quarter adjusted operating profit, boosting its shares despite weaker vehicle sales tied to the introduction of more stringent anti-pollution rules.
Oil prices slip on rising supply, trade tensions
Oil prices slipped on Tuesday, depressed by concerns that the U.S.-China trade dispute will dent economic growth and by signs of rising global supply despite upcoming sanctions against Iran.
High oil prices hurt consumers, dent fuel demand: IEA chief
High oil prices are hurting consumers and could also have adverse implications for producers, the executive director of the International Energy Agency (IEA) said on Tuesday.
Citi granted license to set up Citibank branch in Abu Dhabi
Citigroup has been granted a license to set up a branch of Citibank at Abu Dhabi Global Market (ADGAM), a financial center in Abu Dhabi, it said on Tuesday.
Exclusive: Bentley warns worst case no deal Brexit would hit profitability, investment
The boss of carmaker Bentley said failure to reach a Brexit deal would be “quite damaging” to annual profit in the worst case scenario, limit the company’s ability to invest and could lead to its plant closing for an additional few days.
Asian shares bounce in choppy trade, trade war worries remain
Asian shares clawed back earlier losses on Tuesday as China made a fresh attempt to stabilize its stock markets although activity was choppy with investors cautious about further escalations in the Sino-U.S. trade war.
Ocado and Kroger agree terms to May deal
British online grocer Ocado said on Tuesday it has agreed service and operational terms in relation to the major deal it struck with U.S. supermarket chain Kroger Co in May.
Trump says he expects ‘great deal’ with China, but more tariffs if not
U.S. President Donald Trump said he thinks there will be “a great deal” with China on trade, but warned that he has billions of dollars worth of new tariffs ready to go if a deal isn’t possible.
Exclusive: Defense firms see only hundreds of new U.S. jobs from Saudi mega deal
Every time President Donald Trump mentions the $110 billion arms deal he negotiated with Saudi Arabia last year, he quickly follows up, saying “It’s 500,000 jobs.”
Asian stocks on edge over escalation in U.S.-China trade tensions
Asia shares recouped early losses and crept higher on Tuesday as China made a fresh attempt to stabilize its stock markets, but the gains looked fragile amid fears of a sharp escalation in the U.S.-China trade war.
