International News
Europe close: Stoxx 600 and DAX hit new record highs
European shares closed higher on Tuesday despite losses in Paris and Milan, with the Stoxx 600 index hitting another all-time high.
Mediobanca rejects €13bn takeover offer from Monte dei Paschi
Italian investment bank Mediobanca has rejected a takeover bid from state-backed Banca Monte dei Paschi, saying the deal would be "strongly destructive of value".
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US open: Stocks higher following Monday's AI-fuelled sell-off
Major indices were in the green early on Tuesday as big-name tech stocks tried to bounce back from yesterday's heavy AI-fuelled sell-off.
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US pre-open: Futures mixed following AI-fuelled sell-off
Wall Street futures were mixed ahead of the bell on Tuesday following the previous session's heavy AI-fuelled sell-off.
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General Motors beats estimates with FY figures, warns of potential tariff impacts in FY25
Automotive giant General Motors beat Wall Street estimates on both the top and bottom lines but warned that headwinds from the Trump administration could weigh on future profits.
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HSBC to cut investment banking offering in UK, Europe and Americas
HSBC Holdings is to wind down its investment banking offering in the UK, Europe and Americas as part of a group-wide restructuring, it was reported on Tuesday.
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US durable goods orders unexpectedly fall
US durable goods orders unexpectedly fell in December, dropping by their most in six months, as a result of a big decline in orders for transportation equipment.
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Microsoft in talks to buy TikTok, claims Trump
Donald Trump has claimed that Microsoft is once again in talks to buy TikTok, the Chinese-owned social media platform.
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Boeing reports biggest annual loss since 2020
Boeing reported an annual loss of $11. 83bn for 2024 on Tuesday, marking its largest deficit since 2020.
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ING to take €700m hit after agreeing to offload Russian arm
ING has agreed to sell its Russian business, the Dutch bank confirmed on Tuesday, bringing its presence in the country ton an end to nearly three years after the invasion of Ukraine.
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French consumer confidence rises more than expected
Consumer confidence in France improved more than expected to a three-month high in January but still remained well below the long-term average.
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Asia report: Tech stocks fall amid global AI rout
Asia-Pacific markets showed a mixed performance on Tuesday as investor sentiment wavered following a sharp sell-off in US tech shares overnight.