Wall Street eased back from record highs on Tuesday amid worries over US-China trade talks, adding to the cautious mood in global markets as investors fixated on the first round of earnings from America’s banking heavyweights.

Oil prices lurched lower on Tuesday on the prospect of easing tensions between the US and Iran as secretary of state Mike Pompeo said Tehran signalled willingness to discuss its weapons programme.

Investors took a slice out of Domino’s stock on Tuesday after the pizza chain posted weaker sales growth than expected amid intensifying competition from online food delivery services.

France has agreed to back Romania’s Laura Codruta Kovesi to head the new European Public Prosecutor’s office instead of its own candidate Jean-François Bohnert, according to French and Romanian sources.

Christine Lagarde submitted her resignation as managing director of the International Monetary Fund on Tuesday following her nomination to serve as the next European Central Bank chief.

COFCO International, the overseas trading arm of China’s largest agriculture company, has secured a three-year sustainability linked $2.1bn loan from a consortium of 20 banks, at a time when borrowers and lenders are looking to uptake more green finance.

T Rowe Price, one of the world’s largest asset managers, has become the latest — and largest — fund manager to cover research costs globally in response to sweeping changes to the investment research business.

US manufacturing output accelerated in June to grow at its quickest pace of the year so far, led by rising production in the automotive sector.

US retail sales grew more than expected last month as Americans loosened their purse strings in a sign that consumers remain on a solid footing and continued to support the world’s largest economy in the second quarter.

Wells Fargo on Tuesday reported second-quarter revenues that were roughly flat and profits that exceeded Wall Street’s expectations. However, declining rates continued to weigh on the bank’s business as it looks to repair the damage done by the fake accounts scandal that broke in 2016.

Philip Green’s Arcadia Group promised to fight a legal challenge from US property firm Vornado that threatens to derail its crucial debt restructuring process.

Kazakh businessman and cryptocurrency entrepreneur Kenges Rakishev has sold his 22 per cent stake in gold miner Petropavlovsk, following a rally in its share price over the past year.

Views on the state of the German economy darkened again in July, according to a key survey, as analysts weighed factors including rising tensions in the Gulf, the US-China trade dispute and uncertainty around the UK’s exit from the EU.

The UK job market remains resilient despite rising Brexit uncertainty, with faster than expected earnings growth and the lowest unemployment rate in decades. 

Greece has seen vigorous demand for its latest bond sale, underlining the country’s comeback from the eurozone debt crisis less than a decade ago and the hunt for returns amid vanishing yields on higher-rated debt.

Austrian chipmaker AMS AG announced on Tuesday that it does not see “sufficient basis” for continuing its attempt to acquire German microchip and lighting technology company Osram Licht, a day after Osram made the unsolicited takeover approach public.

Low-cost airline Ryanair will cut flights next summer and potentially close some European bases as a result of the grounding of Boeing’s 737 Max jets after two fatal crashes.

Irish building materials supplier CRH announced it will sell its European distribution business to private equity funds managed by Blackstone.

The UK competition watchdog has launched an investigation into a planned deal to take-private Inmarsat, Britain’s largest satellite company, which has also been referred to the government on national security grounds.

A well-received collection by new chief designer Riccardo Tisci and brisk business in China propelled Burberry to better than expected sales growth in the first quarter of this year.

The International Monetary Fund has lowered its growth forecast for Singapore, citing rising global trade tensions, just days after the city-state reported its worst quarterly economic performance in a decade.

Pakistan has lifted airspace restrictions imposed after a military stand-off with India in February, in a reprieve for international carriers which had to make costly detours.

Australia’s central bank has left the door open for further interest rate cuts, having already reduced its key policy rate to successive record lows in recent weeks.

A US federal judge on Monday slashed damages owed by Bayer in a case related to claims that exposure to weed killer Roundup causes cancer.