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McDonald’s latest fast food chain to join vegan craze

The fast food chain will be the latest to offer a vegan meal option as more people cut down on [...]

USMCA: Agreement reached on Nafta trade deal replacement

Democrats in Congress agree to approve the new US-Mexico-Canada Agreement [...]

White House and Democrats reach deal on Nafta revamp

Officials from US, Canada and Mexico expected to meet later to sign off on proposed [...]

Pelosi to speak on USMCA as officials close in on trade deal

U.S. House Speaker Nancy Pelosi will hold a news conference on Tuesday to discuss the U.S. Mexico Canada (USMCA) trade deal as U.S. and Canadian officials prepared to fly to Mexico City to work on final changes to the agreement.

Trump says U.S., Mexico, Canada trade pact ‘looking good’

Efforts to finalize the United States-Mexico-Canada Agreement (USMCA) were “looking good,” U.S. President Donald Trump said in a tweet on Tuesday shortly before U.S. House Speaker Nancy Pelosi was scheduled to discuss the trade deal at a news conference.

Wall Street opens flat as Netflix, JPM losses overshadow trade hopes

Wall Street’s main indexes were little changed at the open on Tuesday, with losses in Netflix and JPMorgan overshadowing a report that the United States and China were planning to delay a new round of tariffs set to kick in on Dec. 15.

Schlumberger CFO Simon Ayat to be replaced by Stephane Biguet

Schlumberger NV’s chief financial officer, Simon Ayat, is stepping down after nearly 12 years in the role and will be replaced by Stephane Biguet, the oilfield services provider said on Tuesday.

Wall Street set to open higher on report of possible tariff delay

Wall Street’s main indexes looked set to rise at the open on Tuesday, after a report that trade negotiators from the United States and China were planning to delay a fresh round of tariffs set to kick in on Dec. 15.

U.S. third-quarter labor costs revised down; productivity weak

Growth of U.S. labor costs was not as robust as initially thought in the third quarter, suggesting inflation could remain tame for a while.

Britain’s Lloyds criticized for mistreating victims of major fraud

Lloyds Banking Group has been heavily criticized for mishandling a compensation scheme for victims of one of Britain’s biggest banking scandals in a report published on Tuesday.

Deutsche paints gloomy picture at investor gathering

Deutsche Bank pared back its revenue growth target on Tuesday, highlighting the tough task facing Germany’s biggest lender to revive its fortunes against a gloomy economic backdrop.

U.S. productivity weak in third quarter; labor costs revised lower

U.S. worker productivity fell by the most in nearly four years in the third quarter, the government confirmed, while growth in unit labor costs was not as robust as initially thought.

Futures down with focus on tariff deadline

U.S. stock index futures slipped on Tuesday as investors stayed on the sidelines ahead of a looming U.S. tariff deadline on Chinese goods that could possibly derail any progress made in trade talks between the world’s top two economies.

Dollar General to sell CBD cosmetics in select Tennessee and Kentucky stores

Discount store chain Dollar General Corp said on Tuesday it would sell cannabidiol (CBD) cosmetic products in more than 1,000 stores in Tennessee and Kentucky, as demand for the products grows.

World stocks sink as tariff deadline approaches

Global stock markets fell for a second day on Tuesday, as caution over a Dec. 15 deadline for the next round of U.S. tariffs on Chinese imports weakened risk appetite and limited outsized market moves.

Netflix could lose four million U.S. subscribers in 2020: brokerage

Needham and Co was the fourth Wall Street brokerage in two months to cut its rating for Netflix Inc on Tuesday, arguing competition from new streaming services could lead to the loss of 4 million premium U.S. subscribers next year.

Choppy markets leave U.S. bank bonus decisions in limbo

December is always a month of suspense on Wall Street, as dealmakers, traders and money managers at big U.S. banks wait to find out how much they will receive in bonuses.

Oil prices drop as trade war concerns haunt market

Oil prices slipped for a second straight day on Tuesday as a slowing global demand outlook outweighed OPEC’s deal with associated producers last week to deepen output cuts in 2020.

Drowning in uncertainty: Trade questions slow investment, squeeze profits across U.S.

From a denim plant in rural Georgia to a St. Paul, Minneapolis loudspeaker maker, nagging uncertainty over when President Donald Trump’s trade wars might end, if ever, is confounding many U.S. manufacturers.

France fines Morgan Stanley $22 million for bond manipulation

France’s markets watchdog AMF said on Tuesday it had fined U.S bank Morgan Stanley 20 million euros ($22 million) for manipulation of sovereign bonds.

China’s secret trade weapon: its tourists

Beijing uses visitor flows to bolster or batter the economies of its closest [...]

UK economic growth slowest since early 2009

The economy sees the weakest three months for more than a decade as growth [...]

German investor sentiment brightens to strongest level in two years

Increased optimism over exports a boon the [...]

‘Symmetric,’ now a Fedspeak staple, may point to endgame for U.S. framework debate

After 14 conferences, a couple dozen research papers and presentations and some very dense math, the Federal Reserve’s hunt for a better way to reach its inflation target may boil down to a single word: symmetric.

Saudi Aramco will exercise 15% greenshoe option in whole or part during first 30 days of trading: statement

Saudi Aramco will exercise its 15% greenshoe option in whole or part during the first 30 days of its trading period, its lead managers said.

Non-Saudi investors get 23% of Aramco IPO institutional tranche

Non-Saudi investors in oil giant Saudi Aramco’s initial public offering have been allocated 23.1% of the institutional tranche, one of the lead banks working on the transaction said on Tuesday.

Domino’s Pizza chairman Stephen Hemsley to step down

Domino’s Pizza Group on Tuesday said its long-serving Chairman Stephen Hemsley will step down from the board, four months after the British pizza delivery chain announced the retirement of its chief executive officer.

US labour market gains drive Federal Reserve’s outlook

Central bank set to keep rates low as it seeks to drive unemployment down [...]

Cboe buys EuroCCP to bolster Dutch EU base after Brexit

Cboe Global Markets said on Tuesday it would take full control of EuroCCP, Europe’s largest clearing house for stock trades, to bolster its post-Brexit base in Amsterdam and diversify into derivatives.

Ted Baker bosses resign as firm issues profit warning

The chief executive and executive chairman at the High Street fashion retailer are to step [...]

Irish court lifts restriction on Ryanair profit target

An Irish court on Tuesday withdrew a ban on reporting a reference to Ryanair’s profit after tax target for the airline’s 2020 financial year contained in a 2018 share option scheme after the airline said the order was not needed.

China car market set for second year of declining sales

Purchases of passenger vehicles fell more than 5% in November as economic downturn [...]

George Laurer, co-inventor of the barcode, dies at 94

The US engineer helped to perfect the technology to read barcodes, which revolutionised [...]

BlackRock Investment Institute ‘modestly positive’ on risk assets for 2020

BlackRock Investment Institute said on Tuesday it was cautiously rotating into cyclical assets, Japanese equities and emerging markets.

EU antitrust regulators mull tougher line against tech giants

EU antitrust regulators are considering taking a tougher line against tech giants by forcing them to do more to ensure a level playing field, a senior European Commission official said on Tuesday, a move which could affect Facebook, Amazon, Apple and Google.

JD Wetherspoon ‘to create 10,000 jobs over four years’

The chain says it will invest £200m in new pubs and hotels, as well as enlarging existing [...]

Global trade needs an independent referee

President Trump must decide if he wants to reform or break the [...]

China squeezed by high inflation and falling producer prices

The central bank has limited tools to boost the [...]

Amazon secures top Champions League rights for Germany

Amazon.com has secured the rights to broadcast top European soccer Champions League matches for the 2021/22 season in Germany, the U.S. company said on Tuesday.

Japan’s markets watchdog recommends $22 million fine for Nissan over Ghosn pay

Japan’s markets watchdog said on Tuesday it has recommended that Nissan Motor Co Ltd be fined about 2.4 billion yen ($22 million) over the underreporting of former chairman Carlos Ghosn’s compensation.

U.S. trade offensive takes out WTO as global arbiter

U.S. disruption of the global economic order reaches a major milestone on Tuesday as the World Trade Organization (WTO) loses its ability to intervene in trade wars, threatening the future of the Geneva-based body.

Exclusive: Malaysia’s Mahathir hopeful of 1MDB settlement with Goldman soon

Malaysian Prime Minister Mahathir Mohamad is hopeful of reaching an out-of-court settlement with Goldman Sachs over the 1MDB scandal soon, but that compensation of “one point something billion” dollars offered by the bank was too small.

‘We’re sorry for Thomas Cook refund delay’

The body issuing refunds to customers of the tour operator has apologised for payment [...]

Explainer: Malaysia’s mega 1MDB scandal that has scalded Goldman Sachs

Malaysian Prime Minister Mahathir Mohamad has vowed to bring back billions of dollars allegedly stolen from state fund 1Malaysia Development Bhd (1MDB), co-founded by his predecessor Najib Razak.

Apple has ‘deep concerns’ that ex-employees accused of theft will flee to China

Apple Inc on Monday told a federal court it has “deep concerns” that two Chinese-born former employees accused of stealing trade secrets from the company will try to flee before their trials if their locations are not monitored.