Wall Street sank more than 1% and the benchmark S&P 500 hit a near one-month low on Tuesday as comments from President Donald Trump stoked fears of a significant delay in resolving a bruising trade dispute with China.
Oil prices slipped on Tuesday after U.S. President Donald Trump said a trade deal with China could be delayed until after the next U.S. presidential election, though losses were capped by an expected deepening of output cuts by OPEC and its allies.
Glencore could announce a new CEO next year once a new team is in place after a transition process starting in the new year, its current chief executive said on Tuesday.
Fidelity Investments on Tuesday named Bart Grenier, who was at the center of a tickets scandal at the mutual fund company more than a decade ago, to lead its nearly $3 trillion asset management division.
France and the European Union said on Tuesday they were ready to retaliate if U.S. President Donald Trump acted on a threat to impose duties of up to 100% on imports of champagne, handbags and other French products worth $2.4 billion.
U.S. Commerce Secretary Wilbur Ross on Tuesday told CNBC that President Donald Trump's objectives on a trade deal with China have not changed and that Trump is under no time pressure to complete a deal.
Public prosecutors on Tuesday raided the Wolfsburg headquarters of Volkswagen as part of the investigation into the car maker's diesel scandal.
Telecoms equipment maker Nokia announced on Tuesday that it plans to appoint its former networks chief Sari Baldauf as chairman, succeeding Risto Siilasmaa who will step down after eight years in the job.
Consumer goods giant Unilever Plc on Tuesday appointed Conny Braams to the new post of chief digital and marketing officer, expanding the scope of a role previously held by advertising industry veteran Keith Weed.
Glencore CEO Ivan Glasenberg said on Tuesday he expected to be able to announce his successor next year, but said the timing was not yet certain.
President Donald Trump has wide latitude in handling trade with France and other European allies, including imposing tariffs, U.S. Commerce Secretary Wilbur Ross told CNBC in an interview in on Tuesday.
U.S. stocks extended declines on Tuesday as U.S. Commerce Secretary Wilbur Ross said on CNBC that U.S. tariffs on Chinese imports due Dec. 15 would be imposed unless there was substantive progress in trade talks.
Goldman Sachs Group Inc will be launching new technology-based products and services for its institutional clients on Amazon's cloud next year, bank Chief Executive David Solomon said at a conference on Tuesday.
Wall Street fell more than 1% and the benchmark S&P 500 hit a near one-month low on Tuesday, as comments from President Donald Trump and Commerce Secretary Wilbur Ross stoked fears of a significant delay in resolving a trade dispute with China.
President Donald Trump said on Tuesday a trade deal with China might have to wait until after the U.S. presidential election in November 2020, denting hopes that the two largest economies would soon reach an initial deal to ease their damaging trade war.