European shares extended gains for a fifth straight session on Tuesday, underpinned by miners and defensive sectors, although concerns over a potential recession limited further upside in the indexes.
Poland is approaching the end of its monetary policy tightening cycle but there remains room for further increases to interest rates, central banker Henryk Wnorowski said on Tuesday.
China's Tencent Holdings plans to sell all or a bulk of its $24 billion stake in food delivery firm Meituan to placate domestic regulators and monetise an eight-year-old investment, four sources with knowledge of the matter said.
U.S. Crop Watch producers in the Western Corn Belt continue to lament the recent dry weather pattern that has hurt both corn and soybeans, causing further yield reductions this week.
Bitcoiners often share similar values and are out to achieve the same mission. This alignment creates strong relationships with people from around the world.
The annual pace of Australian inflation rose even faster than first reported over the June quarter according to a new monthly measure of consumer prices, underlining the need for yet more increases in interest rates.
Indian low-cost carrier SpiceJet Ltd said on Tuesday it has entered into a settlement agreement with aircraft lessor Goshawk Aviation Ltd and its affiliates related to three Boeing aircraft.
HONG KONG (Reuters Breakingviews) - There’s a place for the hybrid electric car. Activists are attacking companies like Toyota for not ditching them fast enough in favour of purely battery-powered cars, while politicians prepare to wind do
Activist investor Elliott Management has sold almost all of its remaining shares in SoftBank Group Corp after previously investing as much as $2.5 billion, the Financial Times reported on Tuesday citing unnamed sources.
Swedish fashion giant H&M's official store on Alibaba's Tmall e-commerce platform has re-opened, 16 months after the Chinese site took it down following the brand's criticisms of human rights abuses in Xinjiang.
Indian shares opened higher on Tuesday, as data showing consumer inflation eased for a third straight month raised hopes that the central bank may rein in the pace of its rate hikes next month.
India's headline retail inflation that eased for the third straight month in July is expected to remain above the central bank's upper tolerance range in the near term, necessitating more rate hikes in coming months, analysts said.
Copper rose on Tuesday, tracking upbeat sentiment in the U.S. markets on prospects that the Federal Reserve can achieve a soft landing for the economy, but gains were limited as weak China data clouded demand outlook in the biggest consumer.
The Australian and New Zealand dollars were fighting a rearguard action on Tuesday after dismal data from China and the United States rekindled worries about a global downturn and undermined commodity prices.
NortonLifeLock Inc. (NASDAQ: NLOK) stock price dropped 14% from $28 in 2017 end, to around $24 currently, primarily due to unfavorable changes in its P/S multiple. The company actually witnessed a steady rise in revenue per share over this period, helped by a rise in sales and
Snap’s stock (NYSE: SNAP) has lost approximately 76% YTD as compared to the 12% drop in the S&P500 index over the same period. That said, at its current price of $11, it is trading 39% below the fair value of $18 – Trefis’ estimate for Snap’s valuation
We think FedEx stock (NYSE: FDX) and UPS stock (NYSE: UPS) may offer similar returns over the next few years. Still, FedEx looks more attractive due to its comparatively lower valuation. FDX stock is trading at 0.6x trailing revenues, compared to 1.4x for UPS. Howeve