Defying Trump, Britain’s Johnson gives Huawei restricted 5G remit
Prime Minister Boris Johnson granted Huawei [HWT.UL] a limited role in Britain’s 5G mobile network on Tuesday, resisting U.S. pressure to exclude the Chinese company...
In post-repo squeeze twist, Fed may nudge up interest paid to banks
One potential side effect of the U.S. Federal Reserve’s efforts to pump liquidity into the banking system and avoid further unwanted surges in short-term borrowing...
Brent crude steadies just under $60/bbl, China oil demand in focus
Oil futures steadied somewhat on Tuesday after a five-day losing streak as OPEC sources said the group and its allies might tighten the market amid...
Adidas to launch new fabrics from recycled ocean plastic, polyester
Adidas will launch new fabrics made from recycled polyester and marine plastic waste and expand the product lines that use them after the success of...
Wall Street opens higher after Monday’s selloff
U.S. stock indexes opened higher on Tuesday after the S&P 500 suffered its worst day in nearly four months in the previous session on concerns...
3M forecasts 2020 profit below estimates on weak China demand
U.S. industrial giant 3M Co forecast 2020 profit below expectations and narrowly missed quarterly revenue estimates on Tuesday, as it continues to face sluggish demand...
UTC says Collins 2020 profit to be hurt mainly due to MAX grounding
United Technologies Corp Chief Financial Officer Neil Mitchill said he expects 2020 operating profit at the U.S. aircraft parts maker’s Collins Aerospace unit, its biggest,...
Ryanair warns of job losses as 737 MAX delivery date slips
Ryanair has warned pilots of possible base closures and job cuts as the date for delivery of its first 10 of Boeing’s grounded 737 MAX...
Lockheed Martin beats estimates, raises sales forecast on higher F-35 deliveries
Lockheed Martin Corp reported a better-than-expected quarterly profit on Tuesday and forecast 2020 revenue above analysts’ estimates, as the Pentagon’s No.1 weapons supplier benefited from...
Wall Street set to recover after turbulent Monday
U.S. stock indexes were on track to recover on Tuesday after the S&P 500 suffered its worst day in nearly four months in the previous...