Crude oil prices reached 2019 high level on Tuesday. The surge was attributed to OPEC supply cuts and the US sanctions against Venezuela and Iran.
Major automakers reported weak sales in the US for the periods of March and the first quarter, pointing to a rough start to the year, though said a strong economic growth and labour market should support sales.
Toyota Motor announced plans to provide royalty-free access to the company's hybrid-vehicle technology patents this year, the Nikkei Asian Review stated.
Canada's auto sales dropped 2.5% percent in March from the prior period, marking 13 months of declines in succession, according to industry data.
Activity in the Chinese services sector jumped to a 14-month high last month amid improved demand, a private survey showed, suggesting that government stimulus measures were gradually kicking in.
The head of the Federal Reserve is expected to brief the Democrats of the House of Representatives about the economy next week. Meanwhile, the head of the Fed has been criticised by the President of the US.
The Prime Minister of the United Kingdom announced on Tuesday that she will seek a further Brexit delay. Moreover, the PM intends to work out a deal with the opposition.
On Tuesday, it was announced by major automakers that during March all companies have experienced a decline in automobile sales. Meanwhile, the automakers announced that they expect a surge in auto sales during the rest of the year.
On Tuesday, the head of Daimler announced that the recent Boeing scandal is bound to hurt all autonomous tech development in the world. The announcement is revealing that Daimler has been creating new technology that has been affected.
Crude oil price benchmarks on Tuesday hit a new high level. The surge of the prices was caused by OPEC production cuts.
On Tuesday, the Foreign Minister of Ireland announced that there will be no countenance checks at the Irish EU ports in the case of a no-deal Brexit. Ireland intends to have a open border with Northern Ireland.
On Tuesday, representatives of Vodafone announced that the company is expecting an approval of its Liberty Global asset purchase by the middle of this year.
A report published by the IIF on Tuesday revealed that global debt has grown in 2018 by $3.3 trillion. During the year before debt had grown by $21 trillion.
Representatives of the auto part supplier Continental announced on Tuesday that the company is expecting car software revenues to quadruple by 2030.
On Tuesday, the Euro reached a three week low level against the US Dollar. The reason for the decline were the recent news that the European Central Bank will continues its monetary easing policy.
During Tuesday's London session Bitcoin's price jumped by twenty percent. The move was attributed to a large anonymous buy order that created the needed demand for the price surge.
On Tuesday, US markets opened flat. The flat opening was considered normal, as US stocks had surged during the past three trading sessions.
On Tuesday, Japan's Toyota Motor posted a 3.5% drop to 214,947 cars in the US auto sales in March, tumbled by weaker demand for the carmaker's Camry vehicles and Corolla sedans.
The CEO for Sunrise Communications, Olaf Swantee, is optimistic to receive an approval from its largest shareholder Freenet for its planned acquisition of UPC's Swiss business unit.
UGI Corp, the energy distributor, stated on Tuesday it would acquire about 75% in AmeriGas Partners, the retail propane marketer, in the cash-and-stock deal worth $2.44B.
ADNOC has signed a long-term agreement with Xiamen Sinolook Oil of the high-quality base oil sales into China, the firm announced on Tuesday.
The US private equity group Warburg Pincus is planning to make a $221M investment within the following five years, aiming to expand its Israeli credit card firm into the lending areas.
On Tuesday, the French aerospace and defence electronics firm Thales announced it had finalised its €4.8B takeover of the chipmaker Gemalto, bolstering the group's presence in the security services market.
According to sources familiar with the matter, the Chinese giant Tencent is expected to sell this week bonds worth $5B.