International News
Xerox abandons hostile takeover bid for HP due to pandemic
Xerox said on Tuesday that it had dropped its hostile takeover bid for HP due to the coronavirus outbreak.
Democrats and White House working on fourth economic relief package
Democrats in Congress and the White House were readying another economic relief package aimed at helping state governments, mortgage markets and the country's travel industry.
Fed broadens access to US dollar funding for dozens of central banks
America's central bank moved to meet the heightened demand for US dollar from overseas.
Houseparty offers $1m bounty for proof of hacking rumours
Video chat app Houseparty has offered a 1$m bounty to anyone with proof that rumours on social media that its platform can be hacked are true.
US open: Stocks record early gains following China data, extended measures
US stocks recorded some early gains at the bell on Tuesday, following on from some strong manufacturing data out of China and the rebound seen in the previous session.
Airlines could burn through $61bn in Q2 - IATA
The airline industry faces a second quarter loss of $39bn if severe coronavirus travel restrictions last for three months, the industry body said on Tuesday.
Goldman slashes 1H US GDP forecast due to rapid pace of firings
Fiscal and monetary policy in the States have been eased "dramatically further" but the rapid pace at which companies are shedding workers means the US economy will take a bigger than expected hit from the Covid-19 pandemic, Goldman Sachs said.
Chicago PMI declines less than expected in March
Economic activity in the Chicago area deteriorated less than expected in March, according to figures released on Tuesday.
Huawei claims US blacklisting led to $12bn revenue fall
Huawei claimed on Tuesday that Washington's decision to blacklist it had cost the telecommunications equipment giant $12bn in lost revenue during the previous year.
Drop in US consumer confidence points to 'severe' contraction, Conference Board says
A popular gauge of consumer confidence in the US revealed what the survey compiler termed a "worrisome" worsening in Americans' short-term outlook which pointed to a "severe contraction".
US home prices rose by less than expected in January, S&P Case Shiller says
House price inflation in the US picked up by less than expected at the start of 2020, the results of a closely watched set of surveys revealed.
Covid-19 could leave 24m in poverty, warns World Bank
The economic impact of the Covid-19 pandemic could leave 24 million people trapped in poverty in East Asia and the Pacific (EAP), the World Bank warned on Tuesday.
Report unveils massive Coca-Cola, Nestle, Unilever and Pepsi plastic pollution footprint
Drink giants Coca-Cola, Nestle, Unilever and Pepsi are responsible for over half a million tons of plastic pollution in six developing countries each year, new reports show.
US pre-open: Futures point to mixed session following Chinese data
US futures were pointing to a mixed open on Tuesday, following on from some strong manufacturing data out of China and the rebound seen in the previous session.
Asia report: Markets mixed as China manufacturing data impresses
Markets in Asia finished in a mixed state on Tuesday, with equities in China in the green as fresh data suggested the country’s manufacturing sector was getting back to work in March.
North Korea threatens to cut off nuclear talks after Pompeo's comments
North Korea threatened to suspend nuclear talks with America, describing recent remarks from US secretary of state Mike Pompeo’s on the negotiations as “ludicrous”.
German unemployment rate steady in March
The number of people out of work in Germany rose a little in March, according to figures released by Destatis on Tuesday.
Eurozone inflation slows as energy prices fall
Inflation in the eurozone slowed more than expected in March as the plunging oil price caused energy costs to fall, official figures showed.
Chinese factory activity shows surprise growth
China's official measure of manufacturing activity rebounded to show surprise growth in March as the coronavirus crisis appeared to ebb in the country where it started.