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.
During the pre-market trading on Monday, Boeing stock price has declined, as the company announced its decision to decrease the production of the 737 MAX aircraft.
The Prime Minister of the United Kingdom Theresa May is set to meet with the Chancellor of Germany Angela Merkel to discuss the current Brexit situation.
European Union regulators have set a 52 million Euro fine on General Electric for giving misleading information during a takeover of a Danish company two years ago.
On Monday, the Saudi Energy Minister announced that Saudi Aramco will issue an international bond. The demand for the just announced bond immediately topped $30 billion.
The Saudi Energy Minister Khalid al-Falih announced on Monday that OPEC most likely will cut oil supply further. The announcement caused a surge of oil prices.
The British Labour party announced on Monday that the party has not made a Brexit breakthrough deal with the Prime Minister. The announcement beat down the value of the GBP.