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.
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
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.
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
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
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.