French stocks were sharply higher on Tuesday despite Prime Minister Michel Barnier bracing for a no-confidence vote this week over a budget dispute. After Barnier invoked a rarely used constitutional mechanism to push through the contentious 2025 budget without parliamentary approval, Marine Le Pens far-right National Rally and the leftist New Popular Front both have...
U.K. stocks traded higher on Tuesday as higher commodity prices lifted mining and energy stocks. The benchmark FTSE 100 was up 46 points, or 0.6 percent, at 8,358 after adding 0.3 percent on Monday. Miners Anglo American, Antofagasta and Glencore rallied 1-2 percent as commodity prices held an upward trend amid U.S. President-elect Donald Trumps...
European stocks were moving higher on Tuesday, with mining, energy and technology stocks rising after new U.S. curbs on tech exports to China fell short of earlier proposals. Investors also kept a close eye on the latest political developments in France as Prime Minister Michel Barnier braced for a no-confidence vote this week over a...
Indian shares rose for a third straight session on Tuesday, with firm global cues lending support after a top Federal Reserve official said that he is leaning toward supporting an interest rate cut when the Fed meets later this month. Investor sentiment was also boosted after new U.S. curbs on tech exports to China fell...
Tesla Inc. Chief Executive Officer Elon Musks $56 billion pay package, which was approved by its shareholders, has been rejected by a Judge for the second time, noting that the compensation plan was improperly granted. Meanwhile, Tesla said the courts decision is wrong, and that the electric vehicle maker is going to appeal. Delaware judge...
Canadian shares are likely to open on a positive note on Tuesday, reacting to firm crude oil and metal prices, and on Bank of Nova Scotias strong quarterly earnings. Bank of Nova Scotia (BNS.TO) reported a net income of $1,689 million for the fourth quarter ended October 31, 2024, compared to $1,354 million in the...
French drug major Sanofi plans to invest around 1 billion euros or about $1.05 billion to build a new insulin manufacturing base in Beijing, China, reports said. The move represents Sanofis single largest investment in China so far, where it has been present for more than 40 years. The investment will boost the manufacturing of...
A report released by the Labor Department on Tuesday showed job openings in the U.S. increased by more than expected in the month of October. The Labor Department said job openings climbed to 7.744 million in October from a downwardly revised 7.372 million in September. Economists had expected jobless claims to rise to 7.480 million...
European stocks closed higher on Tuesday, with the German market closing at a record high, as investors kept a close on the political developments in France, and looking ahead to some key economic data from the U.S. Mining, energy and technology stocks rising after new U.S. curbs on tech exports to China fell short of...
The Swiss franc advanced against its most major counterparts in the New York session on Tuesday. The franc rose to 0.8829 against the greenback and 0.9291 against the euro, from an early low of 0.8888 and a 4-day low of 0.9325, respectively. The franc touched 1.1187 against the pound, setting a 4-day high. The currency...