International News
US close: Stocks close higher as markets steady following tech sell-off in previous session
US stocks closed higher on Tuesday as a mild semblance of calm seemingly returned to markets following Monday's tech sell-off.
US open: Stocks go green as Washington grants Huawei a reprieve
Wall Street trading began on a positive note on Tuesday as a mild semblance of calm seemingly returned to markets following Monday's tech sell-off.
US existing home sales unexpectedly drop in April - NAR
Sales of US existing home sales unexpectedly fell in April, according to data from the National Association of Realtors.
Peloton scraps IPO in favour of $1bn tie up with Merck
American drugs giant Merck has agreed to buy Peloton Therapeutics in a deal that could eventually be worth more than $2bn.
Home Depot beats on earnings, same-store sales disappoint
US retailer Home Depot's first-quarter earnings beat analysts' expectations on Tuesday as customers spent more in single transactions during the quarter ended 5 May.
Hundreds of US footwear brands call for end to China trade war
A total of 173 footwear manufacturers, importers and retailers in the US have called on the US president to re-think his approach to the trade war with China, describing the recent tariff hike on imports from the People’s Republic as “catastrophic”.
Asia report: Stocks rise as investors catch their breath from trade war
Most markets in Asia were in the green on Tuesday, as investors took the opportunity to catch their breath amid a recent torrent of developments on the US-China trade front.
US pre-open: Futures point to positive open following tech sell-off in previous session
Wall Street futures were pointing to a positive open on Tuesday as a mild semblance of calm looked set to return to markets following Monday's tech sell-off.
Trump and Google grant Huawei small respite
Trump and Google granted Huawei some temporary relief after the former had threatened on Monday to ban US corporates from doing business with the company.
BP chairman warns 'world is on an unsustainable path'
BP’s chairman acknowledged in the Financial Times on Tuesday that the world’s energy consumption is on “an unsustainable path”.
US close: Chipmakers sink as market reacts to Huawei developments
US equities finished in the red on Monday, with market participants concerned about the potential repercussions of the White House's crackdown on Chinese telecommunications giant Huawei.