In an effort to retaliate for Airbus subsidies, the US government has proposed to tariff a list of EU goods.
On Tuesday, the China's Ministry of Commerce announced that it will review the country's anti-dumping tariff policy on US imports. The approval of new rules could cause a surge in global stock prices.
UAE's payments and forex firm Finablr is exploring a potential London flotation that could attract no less than $200M, as the company seeks to cut its debt and finance its expansion.
On Tuesday, the EU jet maker Airbus stated the United States has no legal basis to impose trade sanctions on the company's aircraft, after Washington included them in the list of the Euroepan products on which it would impose tariffs.
Merck KGaA won Versum's board support for the sweetened $6.5B takeover offer, overturning the planned merger deal with its competitor Entegris, as it to recover in the electronic materials markets.
Telenor, the Norwegian mobile operator, is set to acquire a 54% controlling stake in the Finnish telecoms company DNA in a deal valued at $1.69B, it announced on Tuesday.
On Monday, Pinterest is seeking for $15-$17 per share in the company's 75M share initial public offering, valuing it below the last year's private valuation of $12B.
During the Asian trading session on Tuesday stock prices made small gains. The reason for the slight surge was the fact that the trading session had no major events occurring.
On Tuesday, the Deputy Finance Minister of Mexico Arturo Herrera announced that Mexican government intends to tax online platforms. Specifically Netflix was named as one of the companies to be taxed.
During Tuesday's Asian session the US Dollar lost value due to a surge in oil prices that caused the appreciation of commodity currencies.
On Tuesday, Indian officials were about to publish the Indian retail inflation. Prices were expected to have grown by 2.80% in March. Inflation remains below the Reserve Bank of India's target, indicating that monetary easing might take place.
Standard Chartered is expected to pay slightly above $1B to resolve a five-year-old investigation of the US sanctions' potential violations tied to its banking its entities in Dubai and the related UK probe.
Germany's exports valued at $122.3B in February 2019, the sharpest decline than at any period in the past year, Destatis announced in the report.
The value of the US wine exports decreased 4.8% in 2018, amid strong dollar, competition from foreign wine producers and retaliatory tariffs, a leading industry group stated.
China's Weeco Recycling opened a $45M plant for plastic waste recycling in eastern Kenya to help diminish environmental degradation, recycling bottles into pellets and polyester fibre.
The Cambodian economy is expected to expand 7.3% in 2018 and another 7% in 2019, the National Bank of Cambodia reports.
Zimbabwe still faces economic challenges despite increasing investment in the country, the President Emmerson Mnangagwa says.
Cambodia plans to attract more foreign tourists and investors in 2019, the Cambodian Prime Minister Samdech Techo Hun Sen says.
Rwanda plans to double income from tourism in the next six years through wildlife conservation, the Rwanda Development Board says.
Zambia received investments worth $3.9B in various sectors of the economy in 2018, the Zambia Development Agency reports.
Huawei is an important network equipment supplier for Britain's telecom service provider BT, a spoke person of the British company says.
The company has shipped more than 200M smartphones in 2018, a new record high, the Chinese technology firm Huawei reports.
Cambodia exported products worth $11.2B in 2018, an increase of 4% compared to the previous year, a Commerce Ministry's annual report shows.
On Monday, Jaguar Land Rover announced that it is shutting down its UK production plants due to Brexit. The shutdowns are a part of the larger Brexit handling strategy.