Swiss industrial group OC Oerlikon on Tuesday reported full-year revenue and core profit that were below analysts' expectations, citing challenging market conditions.
Three big U.S. banks have publicly announced break-ups with Arctic drilling in recent months, reflecting Wall Street's increasing desire to cast itself as environmentally friendly amid a political firestorm in Alaska.
Oil prices rose for a second day on Tuesday on expectations that central banks are likely to enact financial stimulus to offset the impacts of the coronavirus outbreak and growing optimism that OPEC will order deeper output cuts this week.
Indian shares rose on Tuesday after seven straight sessions of losses, lifted by expectations that major central banks would take measures to mitigate the economic impact of the coronavirus outbreak.
The Group of Seven industrial powers are crafting a statement for their finance leaders to issue on countering the impact of the coronavirus, but for now it does not specifically call for new government spending or coordinated interest rate cuts by central banks, a G7 official with direct knowledge of the deliberations told Reuters on Tuesday.
Activity in Egypt's non-oil private sector remained in contraction during the month of February, a survey showed on Tuesday, as output fell for the seventh consecutive month, albeit at a slower rate.
(RTTNews) - Indian shares opened sharply higher on Tuesday, with positive global cues lending support after the European Central Bank joined the chorus of central banks signaling a readiness to deal with the growing threats from the coronavirus outbreak.
India's housing market is likely to struggle throughout 2020 as sluggish demand and a weak economic outlook overpower recent government measures efforts to boost activity, a Reuters poll of market experts found.
SoftBank Group Corp Chief Executive Masayoshi Son, under pressure from hedge fund Elliott Management to rein in his mercurial investment style, turned on the charm in a meeting with U.S. investors on Monday, but offered few concrete concessions.
As Hong Kong tries to contain the coronavirus outbreak, medical experts say many in the Asian financial hub are reeling from increased anxiety and an unprecedented level of mental health issues.
The Australian dollar bounced on Tuesday after the country's central bank cut interest rates as part of a global burst of stimulus aimed at cushioning economies from the impact of the coronavirus.
Australia's central bank cut interest rates to record lows on Tuesday in what is expected to be the first in a spate of policy stimulus around the world to fight the economic fallout from the coronavirus.
What happened
Turning a cold shoulder to Agnico Eagle Mines (NYSE: AEM), investors drove shares down more than 23% last month, according to data from S&P Global Market Intelligence. The stock's sharp decline seems even more precarious when juxtaposed with the more than 1.6%
Global shares and oil prices extended their rebound on Tuesday on mounting speculation policymakers around the world would move to ease the economic fallout from the spreading coronavirus, ahead of a conference call by Group of Seven heads.
Gold prices rose for a second straight session on Tuesday, as expectations grew for monetary policy easing by major central banks to cushion the economic fallout from the fast-spreading coronavirus outbreak.
(RTTNews) - Asian stock markets are in positive territory on Tuesday following the overnight rebound on Wall Street amid optimism that global central banks will take action to offset the impact of the coronavirus on global economic growth.