International News
Europe close: Early bounce for stocks fizzles out
A bounce for European stocks had fizzled out by the end of trading amid worries that the White House might ratchet up the pressure on Beijing even futher in response to weakness in the Chinese currency, the yuan, during the previous session.
Vivendi in talks to sell 10% stake in Universal Music to China's Tencent
Vivendi has entered into preliminary discussions about the sale of a 10% stake in the Universal Music Group (UMG) to Chinese technology company Tencent.
Snap plans to raise $1.0bn via private debt offering
Snap announced on Tuesday that it plans on raising $1. 0bn through a private debt sale to pay for operating and capital costs, sending its stock down by 2% in early trading.
Klarna valued at $5.5bn in funding round for US expansion
Klarna said on Tuesday it had raised $460m in a funding round that valued the Swedish online payments firm at $5. 5bn ahead of a potential stock market flotation.
US wants to reach a trade deal with China, Kudlow tells CNBC
The US President wants to reach a deal with China, but it has to be the right one, a top White House official said.
US open: Stocks attempt rebound following worst session of the year
Wall Street stocks traded higher at the bell on Tuesday as major indices attempted to recover from their worst day of 2019 in the previous session.
Mastercard to buy Nets' corporate services business for €2.85bn
Mastercard has agreed to buy the majority of the corporate services businesses of Scandinavian payments company, Nets, for €2. 85bn.
Iconic US retailer Barney's files for Chapter 11
US luxury clothing retailer Barney's filed for Chapter 11 bankruptcy protection on Tuesday, citing a "challenging retail environment" and "excessively high" rents.
US 'quits' rate unchanged in June, JOLTS survey shows
US labour market conditions appeared to remain relatively stable in June with the number of new posts being offered by companies and Americans' willingness to voluntarily take the risk of changing jobs both little changed from the month before.
US pre-open: Stocks set to bounce following Wall Street's worst day of 2019
Wall Street futures had stocks opening higher on Tuesday, with major indices attempting to bounce back from their worst day of the year during the previous session.
SDL profits jump 40% as DLS acquisition bears fruit
Language translation technology company SDL posted a 40% rise in interim pre-tax profit on Tuesday, with revenue also up as it benefited from the acquisition of Donnelley Language Solutions (DLS) last year and favourable exchange rates.
North Korea to invest stolen $2.0bn from crypto hacks on WMD programme
Experts at the UN said North Korean cyber agents had illegally raised an estimated $2. 0bn to invest in the country’s development of weapon programs.
Barclays sees even lower yuan in near term
Analysts at Barclays Research revised their forecasts for the Chinese yuan in order to factor in greater weakness.
Asia report: Markets red across the board amid ongoing trade war
Markets were in the red across the board in Asia on Tuesday, as investors continued to react to the escalating trade war between Beijing and Washington.
Facebook is failing to crack down on trade of fake Amazon reviews - Which?
Facebook is still “flooded” with groups on its site where fake Amazon reviews are sold, consumer group Which? revealed on Tuesday.
German factory orders pick up more than expected in June
German factory orders picked up more than expected in June, underpinned by demand from outside the eurozone, according to figures released by Destatis on Tuesday.
PBoC sets higher daily yuan fix even after China named 'currency manipulator'
China's central bank acted to avoid further yuan weakness on Tuesday, just hours after the US Treasury labelled the country a "currency manipulator".