Reuters
Wall Street retreats after rally; Fed meeting in focus
U.S. stocks fell on Tuesday as investors paused ahead of a Federal Reserve meeting that could offer views on the recent signs of economic recovery that drove the tech-heavy Nasdaq to an all-time high in the previous session.
Categories: Reuters
Corning wins U.S. funding for glass vials output for COVID-19 vaccines
Glass maker Corning Inc said on Tuesday it would receive $204 million from the U.S. government to boost manufacturing capacity of its vials that will be used to package coronavirus vaccines and treatments.
Categories: Reuters
Volkswagen CEO apologised to supervisory board for 'inappropriate' remarks
Volkswagen Chief Executive Herbert Diess apologised to the company's supervisory board for having made "inappropriate and wrong" statements at an internal event, the carmaker said on Tuesday.
Categories: Reuters
Vitol veteran Taylor, who transformed oil trade, dies aged 64
Ian Taylor, who built Vitol into the world's biggest oil trader, has died from pneumonia at the age of 64, the company said on Tuesday, after surviving bouts of cancer and a stroke last year.
Categories: Reuters
Corning wins U.S. funding to boost glass vial manufacturing for COVID-19 therapies
Corning Inc said on Tuesday it would receive $204 million from the U.S. government to boost the manufacturing capacity of its glass vials after the company was selected as a packaging provider for COVID-19 vaccines and treatments.
Categories: Reuters
Oil dips on oversupply concerns and stronger dollar
Oil prices fell on Tuesday, weighed down by a stronger dollar and oversupply concerns after it was announced that a trio of Gulf producers would end voluntary output cuts.
Categories: Reuters
Wall Street opens lower as focus shifts to Fed meeting
U.S. stocks opened lower on Tuesday as investors turned cautious ahead of a Federal Reserve meeting that could offer views on the recent signs of economic recovery that drove the tech-heavy Nasdaq to an all-time high.
Categories: Reuters
Factbox: Why Tiffany's debt obligations matter for its sale to LVMH
U.S. jewelry chain Tiffany & Co said on Tuesday that it amended some of the terms of its debt to give it financial breathing space, as it seeks to ensure that its $16.2 billion sale to French luxury goods giant LVMH is completed.
Categories: Reuters
Airline industry headed for $84 billion loss this year: IATA
The coronavirus crisis will lead the airline industry into record annual losses of $84 billion as 2020 goes down as the "worst year in the history of aviation", the sector's main global body predicted on Tuesday.
Categories: Reuters
Wall Street set to fall as rally pauses ahead of Fed meeting
Wall Street's main indexes were set open lower on Tuesday, a day after the Nasdaq surged to a record closing high on hopes of a quick economic recovery from a coronavirus-fueled downturn, with focus now on the Federal Reserve's policy meeting.
Categories: Reuters
Europe turns red as bulls run out of charge
Soaring stocks stalled on Tuesday and high-flying currencies such as the euro and Australian dollar lost altitude, as a weeks-long risk rally hit turbulence.
Categories: Reuters
EU trade chief Hogan says he is considering bid to become WTO chief
European Trade Commissioner Phil Hogan confirmed on Tuesday that he was considering a bid to become the next director-general of the World Trade Organization, a post that will become vacant at start of September.
Categories: Reuters
Tiffany amends debt agreements amid LVMH deal, sales slump
U.S. luxury jeweler Tiffany & Co , which is being bought by France's LVMH for $16 billion, said on Tuesday it had amended some of its debt agreements to bolster its liquidity amid the coronavirus pandemic after its quarterly sales sank 44%.
Categories: Reuters
Singapore's migrant workers fear financial ruin after virus ordeal
As Sharif Uddin contemplates leaving the cramped Singapore dormitory where he has spent weeks under coronavirus quarantine, fears about his future creep in.
Categories: Reuters
Oil down on stronger dollar, oversupply concerns
Oil prices fell on Tuesday weighed down by a stronger dollar and oversupply concerns after it was announced that a trio of Gulf producers would end voluntary output cuts.
Categories: Reuters
Macy's says reopened stores performing better than expected
Macy's Inc said on Tuesday its 450 reopened stores were performing better than expected, giving some respite for the department store chain that reported nearly $1 billion in quarterly operating losses due to COVID-19 lockdowns.
Categories: Reuters
Vitol veteran Ian Taylor dies after long cancer illness
Ian Taylor, who built Vitol into the world's biggest oil trader, has died from pneumonia at the age of 64, the company said on Tuesday, after surviving bouts of cancer and a stroke last year.
Categories: Reuters
Tiffany gets certain regulatory clearances for LVMH deal, sales slump
U.S. luxury jeweler Tiffany & Co said on Tuesday it had received antitrust clearances from Mexican and Russian authorities to go ahead with its $16.2-billion purchase by French giant LVMH .
Categories: Reuters
Futures fall as recovery rally pauses ahead of Fed meeting
U.S. stock index futures dropped on Tuesday, giving back some gains after the Nasdaq notched a record closing high in the previous session, with focus now on the Federal Reserve's two-day policy meeting.
Categories: Reuters