The Mexico City Airport Trust – the financial backer of a new Mexico City airport project that President Andrés Manuel López Obrador has vowed to scrap– has boosted the terms of its bond buy-back offer to try to woo the approximately 50 per cent of bondholders who rejected the initial deal.
China has agreed to cut tariffs on imported American cars from 40 to 15 per cent, the first concrete sign of a cooling in the trade war between the world’s two largest economies since Xi Jinping and Donald Trump agreed a 90-day truce this month.
American Eagle Outfitters, the teen retailer with a popular lingerie brand, on Tuesday posted a smaller than expected rise in quarterly sales and delivered a disappointing earnings outlook for the holiday quarter.
Sterling took a leg lower to hit its weakest level in 20 months on Tuesday as political uncertainties, which have increased dramatically over the past 24 hours after UK prime minister Theresa May delayed the parliamentary vote on her Brexit deal, keep the currency under pressure.
Pressure on the Labour party to force a vote of no confidence in Theresa May intensified on Tuesday after the Scottish National party suggested that other opposition parties would — if necessary — start the process themselves.
Brussels has approved Thales’ €4.8bn purchase of Dutch security company Gemalto after the French aerospace and defence group promised to sell its global nShield business to address EU antitrust concerns.
Stitch Fix shares lost more than one-quarter of their value on Tuesday as disappointing user growth heading into the critical holiday shopping period overshadowed a sales boost from the addition of new apparel brands.
Dell Technologies won shareholder approval for a complex $23.9bn plan to buy back a tracking stock and list itself on the New York Stock Exchange, a move that will return the PC and technology behemoth to public markets for the first time since 2013.
UK shale gas company Cuadrilla has paused fracking activity at its Preston New Road site in Lancashire, north-west England after a tremor exceeded the “red light” limit permitted by its operating license.
Leo Varadkar has insisted Britain can remove the threat of a no-deal Brexit “at any time” by revoking or extending its Article 50 procedure to leave the EU if Theresa May cannot reach an agreement to break the deadlock in Westminster.
The pace of wholesale inflation in the US slowed in November, as the sharp sell-off in crude prices last month helped drag energy costs lower and ease pressure on the Federal Reserve to step up its pace of interest rate tightening.