International News
Ford and Volkswagen confirm development alliance
Carmakers Ford and Volkswagen announced an alliance on Tuesday that is aimed at reducing their costs in the face of slowing sales.
Andrea Orcel will not be Santander's next CEO
Santander has decided not to go ahead and name ex-UBS banker, Andrea Orcel, as its new boss, arguing that the cost of bringing him on board would simply be too rich.
Netflix increases US subscription price
Netflix shares rose on Tuesday as much as 6. 2% after it announced it would be increasing its subscribing prices in the US.
US open: Stocks rise, Netflix offsets losses from JP Morgan and Wells Fargo
Trading on Wall Street has gotten off to a positive start following the release of data that some analysts say shows scant pipeline price pressures building in the economy.
Core US factory gate prices drop by surprise in December
Factory gate prices in the States were dragged down by more-than-expected last month as energy cost pressures receded.
China urges Canada to immediately release Huawei executive
China’s Foreign Ministry urged officials in Ottawa to immediately release Huawei executive Meng Wanzhou.
Gambling stocks stumble as US reverses online betting ruling
UK gambling stocks that have expanded across the Atlantic took a hit on Tuesday after the US Department of Justice moved to tighten regulations on online gambling.
Empire State manufacturing index at worst level in more than a year
Business conditions in the New York region deteriorated much more than expected in January, according to a survey from the New York Fed, as the US-China trade war and the government shutdown took their toll.
JPMorgan Chase Q4 misses expectations as bond trading revenue drops
JPMorgan Chase posted a rise in fourth-quarter profit and revenue on Tuesday, but the numbers fell short of analysts' expectations as its bond trading revenue declined amid spikes in market volatility.
Pernod Ricard to meet activist hedge fund Elliott to improve margins
Spirits company Pernod Ricard is set to meet activist hedge fund Elliott ahead of its earnings report in early February in a move to improve its margins, according to a report on Tuesday.
Asia report: Most markets higher despite overnight dip in sentiment
Most markets in Asia finished higher on Tuesday, even amid continuing concerns that China’s economy was slowing down as a result of its ongoing trade war with the United States.
China agencies launch co-ordinated economic stimulus
China moved again to stimulate its economy on Tuesday, announcing larger tax cuts and pledging to maintain liquidity in the banking system, while fresh data revealed the slowest growth of credit in more than a decade.
German economic growth slows to five-year low in 2018
German economic growth eased to its slowest rate in five years last year but the country just managed to avoid a technical recession, according to data released by Destatis on Tuesday.