Apple's supplier Japan Display was considering slashing about 1K jobs, or about a 20% of the company's parent-only workforce, eyeing a bailout from consortium of China and Taiwan, the Nikkei reported.
China reported surprisingly slower growth in retail sales and industrial production in April, reinforcing anticipations that Beijing would need to roll out additional stimulus measures, as the trade war with the US escalates.
United Company Rusal reported that its first-quarter net profit halved year-over-year, as depressed global prices and lingering effects of the US sanctions hit the aluminum giant.
Ralph Lauren beat its quarterly profit estimates, benefiting from higher demand, though weak sales in North America disappointed investors, sending shares 8.2% down.
Norway is likely to spend more than preliminary planned from the country's sovereign wealth fund this year, the government stated, raising the likelihood for interest rate increase.
India's automobile sector kept weakening for the fifth month in succession in April with 20% decline in car sales and 16% fall in two-wheeler sales, compared with the same month last year.
The climate cabinet of the German government held ntense discussions over the country's path towards its climate neutrality to be reached by 2050, Chancellor Angela Merkel stated.
Microsoft is set to invest $100M to open an African technology development hub with sites in Nigeria amd Kenya in the next five years, the company stated on Tuesday.
Nissan Motor stated that the company's net profit for the fiscal year through March declined to the nine-year low amid sluggish sales in the US and compounded by a lingering scandal involving Carlos Ghosn.
Vietnam imported almost 2M tons of plastic worth nearly $2.9B in the first four-month period of 2019, gaining respective year-over-year rises of 14.7% and 3.9%.
Growth in Italy's bank lending to non-financial companies and households weakened in April, while the loans' cost remained stable, banking lobby ABI stated on Tuesday.
Alphabet's Google is set to start featuring advertisements on the homepage of its smartphone app and mobile website later in 2019, giving the company a large new ad slots' supply to increase revenue.
The Euro zone's industrial output declined in March for a second month in succession, as production declined in Italy and France, but recovered in Germany, data from Eurostat revealed on Tuesday.
The US import prices grew less than anticipated in April, as rises in the cost of food and petroleum were tempered by the biggest decrease in the capital goods' price in the 10-year period, suggesting inflation is likely to remain tame.
Walt Disney has signed an agreement on Tuesday to assume the full operational control over Hulu from Comcast Corp, effective immediately, Disney announced in a statement.
Volkswagen's workers have backed the proposed restructuring plan on Tuesday after its CEO Herbert Diess vowed to spend $1.1B on a new plant that produces battery cells, which is set to be established close to the carmaker's HQs in Lower Saxony.
Natura Cosmeticos, the Brazilian makeup brand, is getting closer to concluding a takeover of Avon Products with the deal to be announced as early as this Friday, according to sources familiar with the situation.
On Monday, Vodafone Group agreed to a sale of its New Zealand unit for $2.23B to Canada's Brookfield and Nez Zealand's Infratil in a deal that could help the company reduce its debt.
The takeover offer made by Blackstone and Hellman & Friedman for Scout24 was scrapped after failing to reach the 50% shares threshold, the bidders announced on Tuesday.
Ardian, the French investment fund, is nearing a takeover of the Spanish wind farms owned by Renovalia in a deal worth $617.87M, paving its way to the green energy sector.
On Tuesday, the British Prime Minister Theresa May faced pressure from her political party to drop all Brexit talks with the opposition.
As the London trading session began on Tuesday, Chinese stock prices declined. The decline was caused by European investors dropping their investments in China.
Auchan Retail, the French supermarket group, agreed on a sale of nearly all of its activities in Auchan Retail Italia to Italy's co-operative retail group Conad, not disclosing the financial terms of the deal yet.
Volkswagen's shares jumped 2.7% in early trading on Tuesday, following the German carmaker's announcement about the resumed plans for an initial public offering of its Traton trucks unit.