Oil majors Rosneft and Saudi Aramco are unlikely to bid in the privatisation of Indian refiner Bharat Petroleum Corp, sources familiar with the matter said, as low oil prices and weak fuel demand curb investment plans.
U.S. stocks inched lower in choppy trading on Tuesday after substantial gains a day earlier, with investors shifting their focus to the first presidential debate later in the day.
What happened
Shares of embattled electric-truck start-up Nikola (NASDAQ: NKLA) were trading lower on Tuesday, after Reuters reported that the company's deal with General Motors (NYSE: GM) isn't yet finalized.
What happened
Shares of Sorrento Therapeutics (NASDAQ: SRNE) were surging 10.5% higher as of 11:07 a.m. EDT on Tuesday. The nice gain came following the company's announcement late Monday evening of encouraging preclinical data for its experimental COVID-19 antibody therapies ST
The Brazilian real and the Mexican peso outperformed Latin American currencies on Tuesday following a slump in the past two sessions, while regional equities tracked a slide on Wall Street ahead of the U.S. presidential debate later in the day.
Amazon (NASDAQ: AMZN) has been fighting a war on two fronts in India this year as the threat posed by Walmart (NYSE: WMT) has been compounded by Reliance Retail's foray into the country's e-commerce space with JioMart.
What happened
Shares of Just Energy Group (NYSE: JE) dropped 30% early in today's session, and remained down 29% as of 11 a.m. EDT. The drop follows a spike in shares earlier this month when it announced its recapitalization plan was close to being finalized.
Brazil's President Jair Bolsonaro hit back on Tuesday at accusations his government is using accounting gimmicks to fund a new minimum income program without breaking its spending cap, its most important fiscal rule.
What happened
Shares of coal miner Peabody Energy (NYSE: BTU) are down heavily in Tuesday morning trading, falling 12.2% through 10:40 a.m. EDT on no apparent news at all.
JPMorgan Chase & Co has admitted to wrongdoing and agreed to pay more than $920 million to resolve market manipulation investigations by U.S. authorities into its trading of metals futures and Treasury securities, Bloomberg News reported on Tuesday, citing a statement from the regulator.
The stock market took a breather in September after surging back rapidly from its March lows. The major indexes saw a swift correction, and prices for many stocks remain near the lows of their recent pullbacks. Long-term investors know a temporary pullback in stock prices can be
The United Arab Emirates on Tuesday announced its candidacy for a two-year term on the U.N. Security Council in 2022-2023, the state news agency WAM said.
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