International News
Bank of America Merrill Lynch initiates coverage on Uber at 'buy'
Analysts at Bank of America Merrill Lynch initiated coverage on ridesharing giant Uber at 'buy' on Tuesday, stating it benefitted from "positive secular adoption trends".
Europe close: Stocks extend bounce amid dovish central bank talk
Stocks on the Continent are flashing green, with investor sentiment a tad firmer on the back of helpful comments from US central bankers and expectations for a dovish result to Thursday's European Central Bank policy meeting.
Uber's 2013-2014 tax returns under investigation
Ride-hailing company Uber is under investigation from various state and foreign tax authorities including the Internal Revenue Service in the US over its tax returns for 2013 and 2014.
US claims China playing 'blame game' in trade war
The US has accused China of playing the "blame game” by misrepresenting why trade talks between the two powers had broken down, leading Washington to go ahead and raise tariffs on Chinese exports as it had threatened to do at the end of 2018.
US open: Stocks surge at the bell as trade tensions subside somewhat
Trading on Wall Street began on a positive note on Tuesday, with markets' focus shifting somewhat from trade concerns to monetary policy as several central banks across the globe geared up to reveal whether or not they would adjust interest rates.
Fed watching trade developments, Powell says
The Federal Reserve is watching developments in the international trade area closely and will act "as appropriate" in order to sustain the economic expansion, its chairman, Jerome Powell, said.
Trump gets involved in Brexit amid London protests
Donald Trump believes Britain should "get rid of the shackles" of European Union membership and proceed with Brexit.
Fed's Evans says US economy doing well, 'nervous' about inflation
Chicago Fed President Charles Evans said on Tuesday that the US economy is continuing to perform well, as he expressed concern about low levels of inflation.
Bang & Olufsen tanks as it downgrades full-year revenue guidance
Bang & Olufsen shares tanked on Tuesday after the Danish high-end consumer electronics company downgraded its expectations for full-year revenue following disappointing television sales in Europe.
US pre-open: Stocks called to open higher as monetary policy takes centre stage
Wall Street futures were pointing to a positive open on Tuesday, as market focus looked set to shift somewhat, from trade to monetary policy, as several central banks across the globe geared up to reveal whether or not they would adjust interest rates.
Asia report: Indices lower as US-China spat rattles on
Asian markets were predominantly lower on Tuesday as the Chinese and US governments continued to snipe at each other, making a resolution to their trade dispute seem increasingly distant.
Eurozone inflation falls sharply in May
Eurozone inflation eased in May, official statistics showed on Tuesday, narrowly missing expectations and putting further pressure on the European Central Bank.
Euro area unemployment registers unexpected dip in April
Unemployment in the single currency bloc surprised to the downside in April, reaching its lowest level since August 2008.
Reserve Bank of Australia cuts rates, some analysts critical
Rate-setters Down Under cut short-term official interest rates on Tuesday, arguing that it will support the labour market and cement inflation's rising path back towards target, with recent inflation outcomes having been "lower than expected".