Global stocks climb as currency war fears ease

Global stocks climb as currency war fears ease

World stock markets inched higher on Tuesday, propelled by solid gains on Wall Street, after China's central bank stepped in to stabilize the yuan, soothing fears that a protracted trade spat between the United States and China would spill over into a currency war.

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

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 China intensified worries about weakening global demand.

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

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 stopped agricultural purchases and Beijing threatened more tariffs on U.S. farm products.

New York fashion grandee Barneys files for bankruptcy protection

New York fashion grandee Barneys files for bankruptcy protection

U.S. department store operator and fashionista favorite Barneys New York Inc filed for bankruptcy protection on Tuesday and put itself up for sale, underscoring how even luxury retailers are struggling to freshen their image and compete with online rivals.

How big tech's big money is dividing San Francisco communities

How big tech's big money is dividing San Francisco communities

Tech giants are creating thousands of new millionaires as they list on the stock exchange through much-hyped IPOs

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

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 euros($3.19 billion), furthering its push into the Nordic markets.

U.S. Drug distributors propose $10 billion to end state lawsuits over opioids: Bloomberg

U.S. Drug distributors propose $10 billion to end state lawsuits over opioids: Bloomberg

Drug wholesalers AmerisourceBergen Corp , McKesson Corp and Cardinal Health Inc have proposed a $10 billion settlement for claims that they played a part in the U.S. opioid epidemic, Bloomberg reported on Tuesday, citing people familiar with negotiations.

Mercedes-Benz offers subsidies to retrofit older diesel cars in Germany

Mercedes-Benz offers subsidies to retrofit older diesel cars in Germany

Daimler said on Tuesday Mercedes-Benz customers in Germany could apply for a 3,000 euro ($3,350) subsidy to upgrade the exhaust filters of older, polluting diesel vehicles, the latest effort among German carmakers to avoid inner-city bans.

Sprint to launch Chinese-made OnePlus 5G smartphone in U.S.

Sprint to launch Chinese-made OnePlus 5G smartphone in U.S.

Sprint Corp said on Tuesday it would launch a 5G smartphone made by OnePlus, becoming the second U.S. wireless carrier after T-Mobile to offer a cellphone made by the Chinese company.

Jolted markets mark new 2019 milestones

Jolted markets mark new 2019 milestones

Global financial markets have been jolted in recent days by yet another escalation in a trade war between the United States and China, with the resulting selloff and bid for safety pushing assets and markers into new territory for the year.

Futures rebound after Wall Street's worst day of 2019

Futures rebound after Wall Street's worst day of 2019

U.S. stock index futures signaled a bounce on Tuesday, as China stepped in to steady the yuan and investors sought beaten-down stocks, a day after Wall Street's main indexes racked up their steepest one-day percentage fall of the year.

China says U.S. currency manipulator labeling could cause chaos in financial markets

China says U.S. currency manipulator labeling could cause chaos in financial markets

China's central bank said on Tuesday that Washington's decision to label Beijing as a currency manipulator would 'severely damage international financial order and cause chaos in financial markets'.