International News
Europe close: Travel and technology issues pace losses
Travel and leisure, and technology issues weighed on Europe's main stockmarket gauges, although a positive start to the US second-quarter corporate reporting season helped to stem losses.
US open: Mixed start to trading following bank earnings
Wall Street stocks open mixed on Tuesday following key earnings reports from some of the US' biggest banks.
EU set to maintain travel restrictions with most third countries
The European Union will not expand its list of countries allowed restriction-free travel when officials meet for their bi-weekly review.
Wells Fargo tumbles into the red, slashes dividend
US bank Wells Fargo has slashed its dividend after lower interest rates and soaring credit provisions prompted a slide into the red.
Rigel Pharmaceuticals jumps on news of Imperical College Covid-19 study
Shares of US drug developer Rigel Pharmaceuticals shot higher on news that researchers at Imperial College were set to launch a clinical trial into the use of one of its existing treatments to help patients suffering from mild-to-moderate Covid-19 pneumonia from worsening.
Huawei tech in UK's 5G network to be stripped out by 2027
Prime Minister Boris Johnson has ordered that all Huawei technology in the UK’s 5G network must be taken down by 2027.
Citigroup tops estimates as trading revenues offset banking slowdown
Major US lender Citigroup posted better-than-expected second-quarter earnings on Tuesday as a surge in trading revenues helped offset a slowdown in its banking unit.
JP Morgan sets aside $10bn for potential defaults as second-quarter numbers beat forecasts
JP Morgan Chase & Co reported forecast-beating second-quarter numbers on Tuesday, after heightened market volatility delivered record trading revenues and helped offset a weaker performance in retail banking.
US core CPI edges past forecasts in June
The cost of living in the US increased slightly more quickly than anticipated amid broad gains in prices by categories.
Google pledges not to use Fitbit data for advertising
Google pledged to not use users’ health data from fitness tracker company Fitbit to help it target ads in a move designed to help it clinch Brussels's approval for the purchase.
Chinese imports and exports jump past forecasts in June
Chinese foreign trade moved up a gear in June, belying a strong domestic economy and overseas.
Small US companies' earnings expectations plumb 10-year low in June, NFIB says
A stronger-than expected reading for a widely-followed gauge of small business confidence in June was misleading, some economists said.
US pre-open: Stocks called to open higher ahead of bank earnings
Wall Street futures had stocks opening higher ahead of the bell on Tuesday ahead of key earnings reports from some of the US' biggest banks.
China to impose sanctions on Lockheed Martin over Taiwan arms deal
China is to impose sanctions on Lockheed Martin after the US government gave the green light to a sale of missile parts to Taiwan.
Google negotiates $4bn investment in Jio Platforms
Alphabet is in talks to invest $4bn in Jio Platforms, the digital arm of Indian Reliance Industries, Bloomberg reported on Tuesday.
German economic sentiment dips in July - ZEW
German economic sentiment dipped in July and the assessment of the current situation came in below expectations, the monthly ZEW survey of investors showed.
Weak UK May GDP growth hits hopes of sharp post-Covid recovery
Britain's economy grew by a lower-than-forecast 1. 8% in May as businesses started to emerge from the coronavirus lockdown, official data revealed, dampening hopes of a sharp rebound.