Billionaire investor Howard Marks, the co-chairman of Oaktree Capital, predicts there won't be a recession in the U.S. for another two years.US Economyread more
Network officials also said voters should expect more of a Koch focus on grassroots activism throughout the 2020 election cycle.Politicsread more
Stores are extending hours and cities are spending on light shows as China tries to encourage consumers to spend more money at night.China Economyread more
Stocks in Asia Pacific edged up in Friday afternoon trade as a series of developments overnight on the U.S.-China trade front dampened hopes of a deal being reached between...Asia Marketsread more
GM's usage of temporary workers, potential closure of plants and health care contributions remain major sticking points, according to people familiar with the talks.Autosread more
One person was killed and five others wounded on Thursday in a shooting on the streets of Washington, D.C., not far from the White House, police said.U.S. Newsread more
In a room full of avowed capitalists, policies that sound to some like socialism are bound not to go over well.Delivering Alpharead more
Trump has criticized Facebook numerous times since becoming president, most recently posting on Twitter that the company's proposed digital currency, libra, will "have little...Technologyread more
Republicans and Democrats have long since separated themselves by ideology, leaving each more uniformly conservative or liberal than ever. And now a new data analysis by the...Politicsread more
Asian cities are on the rise and are dominant in the Fintech space.Financeread more
At least in terms of monetary policy, Pence says should be taking after other regions who keep their benchmark interest rates near zero.Delivering Alpharead more
European closed mixed Tuesday as investors await a decision from a two-day Federal Reserve policy meeting.
The pan-European Stoxx 600 was little changed, with most sectors down and major bourses pointing in opposite territories.
Europe's food and beverages sector slipped around 0.7 percent Tuesday after a Mexican bottler and retailer announced it had sold a stake in the world's second-largest brewer. Fomento Economico Mexicano (Femsa) said Monday that it had sold a 5.24 percent stake in Heineken. Shares of the Dutch brewer fell 3.7 percent on the news.
Meantime, Eurofins Scientific surged to the top of the benchmark in mid-day deals after it announced an agreement to acquire EAG Laboratories from Odyssey Investment Partners. Shares of the French pharmaceutical company soared more than 6 percent.
Looking at individual stocks, Finland's mining equipment maker Metso was also moving higher on Tuesday after Morgan Stanley raised its stock recommendation to "equal-weight" from "underweight". Its shares were more than 5 percent higher.
Hugo Boss slumped towards the bottom of the Stoxx 600 Tuesday afternoon after Morgan Stanley downgraded the German fashion retailer to underweight from equal-weight. The brokerage said the firm faces "market-driven", rather than brand-driven, pressure. Its shares dipped 3.47 percent.
On Wall Street, Dow Jones industrial average hit a record high shortly after markets opened for trading, rising 30 points.
Asian shares slipped on Tuesday despite record highs on Wall Street in the previous session. U.S. Treasury yields appeared to boost financial shares on Monday, with the Dow Jones industrial average notching a record high for the fifth consecutive session and the S&P 500 also hitting another record high.
The Federal Reserve is poised to begin a two-day meeting later on Tuesday as investors awaited further clues regarding U.S. monetary policy. The central bank is expected hold interest rates steady.
The British pound jumped half a cent to $1.3533 after the Daily Telegraph reported Britain's foreign secretary Boris Johnson "will resign by the weekend" if Prime Minister Theresa May pushes for a "Swiss-style" arrangement with the European Union in her speech in Florence on Friday.