August 6, 2019

Brent oil in bear market as China-U.S. trade tensions mount

Oil prices fell more than 1% on Tuesday, with Brent crude settling near seven-month lows below $60 a barrel as trade tensions between the U.S. and […]
August 6, 2019

Trump dismisses trade war fears; China warns of market chaos

U.S. President Donald Trump on Tuesday dismissed concerns over a protracted trade war with China despite a warning from Beijing that Washington’s decision to label it […]
August 6, 2019

HSBC Global Asset Management names Nicolas Moreau as CEO

HSBC Global Asset Management has appointed Nicolas Moreau as its new chief executive, the firm said in a statement on Tuesday, adding that he will join […]
August 6, 2019

China’s Tencent talking to Vivendi about stake in Lady Gaga’s label

China’s Tencent Holdings Ltd is in talks to buy up to 20% of Universal Music Group (UMG) from Vivendi SA , valuing the music label of […]
August 6, 2019

S&P 500 and Nasdaq set to snap six-day losing streak

U.S. stocks rose on Tuesday as China stepped in to stabilize the yuan, soothing concerns that currencies would be the latest weapon in the long-drawn trade […]
August 6, 2019

Stock markets mixed, U.S. climbs as currency war fears ease

World stock markets were mixed on Tuesday, with Wall Street making modest gains after China’s central bank stepped in to stabilize the yuan, soothing fears a […]
August 6, 2019

Mastercard to buy part of payments company Nets for $3.19 billion

Payments processor Mastercard Inc said on Tuesday it would buy a majority of the corporate services businesses of Scandinavian payments group Nets for about 2.85 billion […]
August 6, 2019

Luxury department store Barneys files for bankruptcy protection

U.S. luxury department store chain Barneys New York Inc filed for Chapter 11 bankruptcy on Tuesday and put itself up for sale after facing soaring rents […]
August 6, 2019

Trump vows to help farmers as China halts U.S. agricultural purchases

U.S. President Donald Trump on Tuesday vowed to protect American farmers against China by signaling to provide further aid if needed, a day after Chinese firms […]
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