German prosecutors search Audi offices in diesel emissions probe
FRANKFURT (Reuters) – German prosecutors searched offices at carmaker Audi’s headquarters and its car plant in Neckarsulm, Germany on Tuesday in connection with the suspected manipulation of emissions on diesel vehicles, the Munich prosecutors’ office …
European shares hit six-month low as sell-off deepens, volatility spikes
MILAN (Reuters) – European shares fell to their lowest level since August 2017 on Tuesday as a global sell-off in equities deepened and volatility spiked on growing worries over inflation and rising bond yields.
Bitcoin slides below $6,000; half its value lost in 2018
LONDON (Reuters) – Bitcoin slid another 13 percent to below $6,000 on Tuesday, bringing the world’s best-known cryptocurrency’s losses to more than half since the start of 2018.
Toyota posts 54 percent jump in third quarter profit, lifts full-year forecast
TOKYO (Reuters) – Toyota Motor Corp lifted its full-year profit forecast by 10 percent on Tuesday after posting its best quarterly operating profit in two years, boosted by a weaker yen and strong sales at home.
Wall Street casts weary eye at Wells Fargo’s latest woes
BOSTON (Reuters) – As Wells Fargo & Co enters the latest chapter in its long-running sales practices saga, Wall Street is trying to figure out how to make sense of new developments that do not affect profits very much but can send the bank’s stock price careening.
Stock sell-off overdue, investors lick their wounds and hunt
The speed of Monday’s jaw-dropping sell-off on Wall Street had traders and investors bumped and bruised. But few seemed surprised that a pullback had actually happened. Some were looking for the right time and opportunity to wade back in – but wary of …
Bond bears smell blood, others claw for buying opportunity
NEW YORK (Reuters) – Some of the biggest U.S. investors believe the bond market has slipped into a bear phase. Others believe it has turned into one of the best buying opportunities in years.
Compliance officers sweat as cryptocurrency trades go mainstream
NEW YORK (Reuters) – As major financial institutions weave themselves deeper into the patchwork of cryptocurrency trading, they are trying to figure out how to handle conflicts that could arise when employees trade digital coins in their personal accou…
Oil prices fall more than 1 percent amid global market rout
SINGAPORE (Reuters) – Oil prices dropped by more than 1 percent on Tuesday, extending falls from the previous session as global financial markets tumbled lower in the wake of one of the biggest intra-day falls ever registered on Wall Street.
Stocks crumble in vicious sell-off as ‘goldilocks’ trade unravels
TOKYO (Reuters) – A rout in global equities deepened in Asia on Tuesday as inflation worries gripped financial markets, sending U.S. stock futures sinking further into the red after Wall Street suffered its biggest decline since 2011.
