Investors are rushing into the relative safe haven of the bond market, causing the yield on the U.S. 10-year Treasury to plummet.Real Estateread more
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The Wall Street Journal and The New York Times, citing people familiar with the deal, reported that $30 million would go to plaintiffs and $14 million would be used to pay...Entertainmentread more
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Assets under management at Swiss private bank Julius Baer rose 12% in the first four months of 2019 to a record 427 billion Swiss francs ($425.34 billion).Earningsread more
Wall Street is becoming convinced that both the White House and Beijing are willing to engage in a protracted trade war that could begin to hit consumers and slow global...Market Insiderread more
The U.S. Commerce Department said its proposed rule would amend the normal countervailing duty process to include new criteria for currency undervaluation.World Economyread more
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Zilingo founder Ankiti Bose says working as an investment analyst helped her build her near-$1 billion fashion start-up.Ditching the Corporate Liferead more
Asia Pacific markets were mostly in negative territory on Friday morning as investors remained worried over trade tensions between the United States and China.Asia Marketsread more
European stocks closed higher on Tuesday, as investors monitored a fresh batch of corporate earnings and supportive economic data.
The pan-European STOXX 600 index closed provisionally almost 0.4% higher, with most major bourses and sectors in positive territory.
Looking at individual stocks, shares of German online retailer Zalando rose to the top of the European benchmark, gaining nearly 11% after the firm said it expected to post an operating profit for the first quarter.
UniCredit also rose following a $1.3 billion settlement with U.S. authorities over alleged sanctions violations. Shares of the Italian bank were up nearly 3%.
At the other end of the scale, recruitment giant Hays tumbled toward the bottom of the index despite posting a rise in profits on Tuesday. The company said it was mindful of macroeconomic conditions. Shares of the London-listed stock were down almost 3%.
Equities also got a boost from the latest economic data. German research institute ZEW said Tuesday that its investor sentiment index for the country improved to 3.1 in April, up from -3.6 in March, and better than an expected reading of 0.8.
The data has helped mitigate concerns of a global economic downturn. Investors are now keenly awaiting Chinese gross domestic product (GDP) data due Wednesday.
U.S. industrial output stumbled in March, however, falling 0.1 percent from February. The manufacturing output component of the data fell 1.1 percent in the first quarter at an annual rate. That marked the first drop since the third quarter of 2017.