Instagram departures hit Facebook shares
Shares of Facebook Inc fell more than 2 percent in early trading on Tuesday after the two founders of photo-sharing app Instagram left the social networking giant under unexplained circumstances.
Michael Kors takes over fashion icon Versace in $2 billion deal
U.S. fashion group Michael Kors has agreed to buy Versace in a deal valuing the revered designer at $2 billion including debt, the companies said on Tuesday, making it the latest Italian brand to fall into foreign hands.
Oil hits four-year peak after OPEC+ shows no sign of turning on the taps
Crude oil prices shot to a four-year high on Tuesday, catapulted by imminent U.S. sanctions on Iranian crude exports and the apparent reluctance of OPEC and Russia to raise output to offset the potential hit to global supply.
Futures climb on oil boost, Fed meeting eyed
U.S. stock index futures edged higher on Tuesday, as energy companies gained with oil prices at four-year highs, although the U.S.-China trade tension and the upcoming Federal Reserve meeting prompted caution.
How Trump split Mexico and Canada in NAFTA talks
A day after winning the Mexican presidential election, Andres Manuel Lopez Obrador took a congratulatory call from U.S. President Donald Trump. But Trump had something more important on his mind: Would Mexico’s new president consider a bilateral trade …
Full-blown trade war would cost jobs, growth and stability: WTO’s Azevedo
A full-blown trade war would have serious effects on global economic growth and there would be no winners in such a scenario, the director-general of the World Trade Organization (WTO), Roberto Azevedo, said on Tuesday.
Danes lose trust in Danske Bank over money laundering scandal
Public confidence in Denmark’s largest lender Danske Bank has plummeted as the extent of its Estonian money laundering case has become clearer, figures from polling firm Voxmeter showed on Tuesday.
Oil hits four-year high after OPEC+ shows no sign of turning on the taps
The oil price shot to its highest in four years on Tuesday, catapulted by upcoming U.S. sanctions on Iranian crude exports and the apparent reluctance of OPEC and Russia to raise output to offset the potential hit to global supply.
Trade nerves, bond yields and $80 oil buffet stocks
World stocks struggled to make headway on Tuesday after another round of U.S.-China tariffs kicked in and investors’ nerves were frayed by rising expectations of central bank rate hikes and oil prices near four-year highs.
Comcast crosses 30 percent Sky threshold after buying shares
Comcast , the victor in the $40 billion auction for Sky , said on Tuesday it had bought more than 30 percent of the European pay-TV group’s shares in the market.
