International News
Europe close: Stocks slip as travel and technology issues erase early gains
Stocks across the Continent finished lower as early gains in the travel and leisure space, alongside gains in technology names, petered out, amid depressed summer trading volumes and what with the key US stock markets index, the S&P 500, pushing up against record highs.
US open: Mixed start to trading despite solid retail earnings
Wall Street stocks were mixed after the bell on Tuesday following some stronger-than-expected earnings from retail giants Walmart and Home Depot.
Walmart profits up as online sales soar 97% during Covid lockdown
US retail giant Walmart almost doubled online sales during the second quarter as Americans splurged their stimulus support payments on high-margin items during the coronavirus lockdown.
US pre-open: Futures point to small gains following retail earnings
Wall Street futures were pointing to small gains ahead of the bell on Tuesday following some stronger-than-expected earnings from retail giants Walmart and Home Depot.
Fund managers most bullish since February - BofA ML survey
Fund managers were the most bullish in August they have been since before the Covid-19 pandemic in February, according to the latest survey from Bank of America Merrill Lynch.
US housing starts surge in July, beat expectations
US housing starts rose more than expected in July as the sector recovers from the Covid-19 pandemic, boosted by low mortgage rates, according to figures released by the Census Bureau on Tuesday.
Home Depot revenues, earnings smash estimates
US retailer Home Depot posted quarterly sales that came in well ahead of expectations as Americans turned to home improvement projects while isolating inside their properties.
Trump acknowledges China's efforts on farm purchases after trade talks delay
US President Donald Trump praised China’s effort to make rights with Washington by continuing farm purchases a day after trade talks were indefinitely delayed.
WHO urges countries to stop 'vaccine nationalism'
The World Health Organization is urging countries to stop putting their own interests ahead of the common goal in the race for a vaccine to combat Covid-19.
Zoom opens data center in Singapore
Zoom Video Communications opened its first data center in Southeast Asia, in Singapore, on Tuesday.
Oracle challenges Microsoft, begins talks to acquire TikTok
Oracle is reportedly working with US venture capital firms to acquire TikTok’s US, Canada, Australia and New Zealand in a direct challenge to tech giant Microsoft.
Asia report: Markets mixed as South Korea virus cases rise
Markets in Asia finished in a mixed state on Tuesday, as investors remained wary over rising numbers of Covid-19 cases in South Korea, while poring through the latest meeting minutes from Australia’s central bank.
Washington tightens restrictions on Chinese tech giant Huawei
Washington moved to close off a potential loophole in its sanctions against Chinese tech giant Huawei overnight, underscoring the extent of its falling out with the company, which it alleges spies for Beijing.