FedEx offered a dimmer outlook for its current fiscal year and booked quarterly earnings below Wall Street’s expectations, as the group continues to grapple with the fallout from the US-China trade spat and a severed ground-delivery deal with Amazon.
Oil retreated sharply from a historic one-day jump as investors weighed a positive report on the outlook for bringing Saudi Arabia’s output back online after a strike on the country’s production infrastructure at the weekend.
Benjamin Netanyahu, Israel’s longest serving prime minister, has failed to clinch an outright majority for his Likud party and other rightwing allies, as exit polls broadcast by Israeli news channels show the bloc garnering less than 61 seats.
1,200 jobs could be lost if Sirius Minerals fails to secure financing for the $5bn potash mine it is developing in one of the UK’s most economically deprived areas, according to the company’s chief executive Chris Fraser.
Private equity group AnaCap has raised €1bn of fresh capital to buy performing and non-performing loans in Europe as investors seek alternative ways to deploy their capital, people with direct knowledge of the transaction said.
Expectations for the German economy have rebounded in the past month as concerns eased about the impact of the US-China trade war and Brexit, according to a closely watched survey published on Tuesday.
A $5bn project to build a huge potash mine under the North York Moors was plunged into fresh doubt after developer Sirius Minerals was forced to pull a crucial $500m bond issue and admit it had failed to secure government backing.
A commuter train derailed in Hong Kong during morning rush hour on Tuesday, in the latest blow to the city’s train operator, which is facing an “unprecedented” crisis as anti-government protesters target stations.
Global stock markets declined while crude prices and haven assets gained on Monday after an attack on Saudi Arabia’s oil infrastructure knocked out half the country’s production over the weekend and raised geopolitical risks.
Airlines stocks on the western side of the Atlantic remained stuck in the red, as investors weighed up the potential impact from a historic spike in crude prices following a drone strike on oil processing facilities in Saudi Arabia.
Moody’s has downgraded Hong Kong’s rating outlook to negative, citing growing risks to the Asian financial hub’s institutional strength, but maintained its current rating in a break with the recent downgrade by rival Fitch Ratings.
Shares in crude producers across Asia-Pacific jumped on Monday following an attack on a major Saudi oil installation over the weekend that has temporarily hit half of the Gulf country’s crude output. Meanwhile, emerging Asia currencies and airline stocks fell.