International News
US close: Markets mixed as investors look towards Fed minutes
Wall Street finished mixed on Tuesday, amid some upwards pressure on bond yields as investors looked towards the minutes of the Federal Reserve's latest policy meeting, due on Wednesday.
Europe close: Stocks higher as euro dips
European stocks held onto their early gains with following the long weekend in the States against a backdrop of rising government bond yields, a dip in the euro and ahead of a wave of debt sales scheduled for later on the other side of the Pond.
US government bond yields higher amid wave of issuance
The US Treasury auctioned $28bn in two-year notes at a yield of 2. 255%, attracting a bid-to-cover ratio - an indication of how many times it was oversubscribed - of 2. 72.
US open: Stocks mixed, off lows despite wave of government debt auctions
Wall Street was trading on a mixed note early on Tuesday, amid some upwards pressure on bond yields as investors awaited a slate of government debt sales scheduled for later in the day and throughout the week, together with the release, on Wednesday, of the minutes of the Federal Reserve's last policy meeting.
Qualcomm increases NXP offer in order to fight off Broadcom takeover
US chip giant Qualcomm upped its bid for NXP Semiconductors to roughly $44bn on Tuesday as part of its efforts to win shareholder support for the acquisition and further its expansion into the fast-growing motor vehicle chip market and reduce its reliance on smartphones.
Thomson Reuters CEO hospitalised after heart incident
Thomson Reuters reported on Tuesday that chief executive Jim Smith is set to make a full recovery after being hospitalised following an arrhythmia incident on 12 February.
Spain's Balearic Islands fine Airbnb €300,000 for illegally marketing apartments
The Balearic Islands regional government has fined Airbnb €300,000 for advertising homes whose owners didn't hold a licence for vacation rentals, a legal requirement since August 2017.
DACA program expiration date looms amid deadlock on the Hill
Mike Pence has called on the US Congress to reach an agreement on immigration reform and funding for an extension of the border wall with Mexico just days after lawmakers' latest attempt at reaching a deal fell through, leaving the Deferred Action for Childhood Arrivals (DACA) program ever so close to expiring on 5 March.
Spanish 30-year bond auction meets strong demand
A Spanish government auction of 30-year bonds has been met with a flood of demand.
Asia report: Markets lower as China remains on holiday
Markets in Asia finished Tuesday lower after another quiet session, with traders in mainland China, Taiwan and Vietnam remaining on holiday for the Lunar New Year, and US bourses closed during Monday’s session overnight for the President’s Day holiday.
Rite Aid surges on Albertsons merger plan
Shares in drugstore chain Rite Aid surged in pre-market trade on Tuesday as it agreed for grocery chain Albertsons to buy the remainder of the company that isn't being sold to Walgreens Boots Alliance.
Bankruptcy fret: guitar-maker Gibson up to its neck in debt
Guitar manufacturer Gibson may be pushed into bankruptcy as a declining interest in rock music has led to an industry suffering from dire financial problems.
US pre-open: Stocks to move lower as bond yields rise
US futures pointed to a weaker open on Wall Street on Tuesday, with investors set to play catch-up with the losses seen across the pond a day earlier, amid rising bond yields.
German investor sentiment deteriorates less than expected in February - ZEW
German investor sentiment deteriorated less than expected in February, according to the latest survey from the ZEW Center for European Economic Research in Mannheim.