International News
US close: Stocks close lower as tumbling oil prices reverse afternoon rally
US stocks closed mostly lower on Tuesday as a late push was offset by plummeting oil prices cratered, dragging the energy sector sharply lower.
US open: Wall Street jumps on appearance of improving US-China relations, WTI crashing
US stocks appear to be moving higher quickly on Tuesday following a hesitant start amid hopes that relations between China and the US are improving.
Russian GDP slows more-than-expected in Q3, but economists expect pick-up
Economic growth in Russia slowed over the three months to September, although some economists expected the pace of expansion to pick-up over the following year.
Europe close: US-China trade news offset slump in crude oil futures
Stocks in Europe bounced back, helped by quite positive headlines around the ongoing trade talks between China and the US, as well as early gains on Wall Street, which more than offset the drag from the downdraft in crude oil futures.
US and China speaking 'at all levels' ahead of G20 meet, says Kudlow
President Trump has initiated direct contact with Chinese President Xi Jinping ahead of the leaders’ meeting at the G20 in Argentina at the end of the month, White House economic adviser Larry Kudlow told CNBC on Tuesday.
Home Depot raises guidance for second time this year
Home Depot upped its sales and profits guidance for a second time this year on Tuesday thanks to a robust US housing market that has led many Americans to pour money back into their homes.
Cabinet convenes as negotiators agree EU withdrawal text
Theresa May's cabinet will meet on Wednesday after British and EU negotiators agreed the text for a UK-wide customs arrangement that could will form part of a Brexit withdrawal agreement, according to reports on Tuesday afternoon.
Brent crude oil futures walloped as speculators pile-in
Oil prices are getting walloped as speculative accounts continue to pile-up in the complex, according to analysts.
Indebted GE to raise $4bn through Baker Hughes sale
Struggling US conglomerate General Electric is to raise $4bn by selling a stake in oil services firm Baker Hughes, as it looks to slash debts and return to growth.
Amazon to split second HQ between NYC and Virginia
Amazon confirmed on Tuesday that it plans to split its second headquarters between New York City and Arlington, Virginia.
Apple iPhone cuts leads Goldman to slash target price
After some Apple suppliers cut their guidance due to much-reduced shipments, Goldman Sachs slashed its target price for the iPhone maker.
US small business confidence dips in October, NFIB says
Small business confidence in the US slipped last month but remained near record highs.
Asia report: Most markets follow Wall Street lower
Most markets in Asia were lower as they closed on Tuesday, though China was a standout exception despite ongoing concern around trade tensions between Beijing and Washington.
Opec trims forecasts as global economy weakens and supply surges
Opec has trimmed demand forecasts for its crude in 2019, leading to speculation that the oil cartel will cut production when it meets next month.
Euro area continues to require 'significant' support, ECB's Praet says
The Eurozone economy continues to require "significant" stimulus support, the European Central Bank's chief economist said on Tuesday.
Beijing pursues South China Sea agreement to improve trade relations
Chinese Premier Li Keqiang made a commitment on Tuesday to pursue a code of conduct in the territorially disputed South China Sea with its neighbours, after recent tensions with US Navy vessels in the region.
German ZEW improves in November but sentiment still depressed
German economic sentiment unexpectedly improved in November but remained depressed, according to the latest survey from the ZEW Center for European Economic Research in Mannheim.
US Treasury's Mnuchin and China's Liu He talk by phone
Top US and China officials discussed trade issues last Friday, marking just the second public sign of dialogue on the subject in six months.
San Francisco Fed chief Daly not set on December rate hike
A top US central bank official said on Monday that the Federal Reserve would likely need to raise interest rates again at the end of the year, followed by at least two more hikes in 2019.