International News
Fund managers say inflation 'transitory', banks biggest 'overweight' - BofA
Most fund managers around the world continued to believe that the recent acceleration in price pressures in the States would prove transitory, placing their trust in the Federal Reserve's ability to "peacefully" draw back on its policy easing, the results of a closely-followed survey revealed.
Competition watchdog to probe Apple and Google mobile ecosystems
The Competition and Markets Authority is to investigate Apple and Google’s dominance in mobile ecosystems, the watchdog announced on Tuesday.
Washington and Brussels to bury the hatchet on Boeing-Airbus dispute for five years
Brussels and Washington have decided to shelve their often acrimonious spat over the subsidies granted to their aircraft manufacturers for five years.
US pre-open: Futures point to slight gains, Boeing and Exxon in focus
Wall Street futures are pointing slightly higher ahead of the start of trading in the US as investors bide their time ahead of the Federal Reserve's policy meeting scheduled for the next day.
US close: Retail sales, producer prices push equities lower
A weaker-than-expected reading on the key monthly retail sales report alongside faster growth in producer prices knocked stocks lower by the close on Wall Street on Tuesday.
Europe close: Stocks little changed ahead of Fed meeting
European shares finished higher but off their morning highs, as hopes of a swift economic recovery from the Covid-19 pandemic offset a higher-than-expected reading on inflation in the States.
Kia, Uber partner to offer European drivers discounts on EVs
Uber and Kia Europe have partnered to offer drivers in 20 European markets deals when buying, leasing, financing or renting Kia’s EVs.
US open: Stocks dip after stronger-than-expected producer price data
The combination of a weaker-than-expected reading on the key monthly retail sales report alongside faster growth in producer prices knocked stocks off their perch in early trading in New York.
Cruise secures $5bn credit line to launch self-driving robotaxis project
Cruise, a majority-owned subsidiary of General Motors, has secured a new $5bn line of credit as it prepares to commercialization its autonomous ride-hailing business.
IKEA fined $1.2m for spying on French workers
A French court on Tuesday fined IKEA $1. 2m after it found that it had been spying on its French staff by improperly gathering and storing their data.
US final demand prices jump in May, paced by gains for food and energy
Wholesale prices in the US rose twice as quickly as anticipated last month amid sharp increased in food and energy prices.
Australia, UK agree free trade deal with cap on tariff-free imports
Australia and the UK have agreed a largely symbolic trade agreement in principle, despite concerns from British farmers about cheap meat imports flooding the domestic market.
US retail sales volumes drop sharply in May
Americans reined in their spending last month, especially on cars and building materials, two of the categories of goods that had been in greatest demand throughout the pandemic.
Jaguar Land Rover to develop hydrogen fuel cell Defender SUV
Jaguar Land Rover is developing a hydrogen fuel cell vehicle based on the new Defender SUV and plans to begin testing the prototype in 2022.
FCA warns Google to stop accepting scam adverts
UK regulator the Financial Conduct Authority has warned tech giant Google that it will take legal action if it continues to accept advertisements for online financial scams.
Eurozone trade surplus surges in April
The Eurozone’s annual trade surplus rose to nearly €11bn in April, official data showed on Tuesday, though that was below most analyst forecasts.
Asia report: Markets mixed as RBA says bond buying will continue
Equity trading in the Asia-Pacific region finished in a mixed state on Tuesday, as central bankers in Australia indicated they would continue their bond purchasing for the time being.