U.S. consumer confidence rose moderately in January amid lingering concerns about the COVID-19 pandemic.
Larry Fink, chief executive of the world's biggest asset manager BlackRock, on Tuesday warned the companies it invests in that they need to show how they will be able to survive in a world aiming for net-zero carbon emissions by mid-century.
Saudi Aramco's shareholders may consider selling more shares of the company if market conditions are right, the head of the kingdom's sovereign wealth fund (PIF), Yasir al-Rumayyan, said on Tuesday in a televised news briefing.
IMF: Vaccines will power 5.5per cent global economic growth in 2021
The S&P 500 and the Dow were set to open slightly higher on Tuesday, helped by positive earnings updates from a slew of companies including General Electric and Johnson & Johnson, while the Federal Reserve kicked off its two-day policy meeting.
EU competition regulators on Tuesday approved a 2.9-billion-euro (US$3.5 billion) battery project funded by Germany, France, Italy and nine other EU countries, responding to the growing demand for car and industrial batteries in the 27-country bloc.
PepsiCo Inc and Beyond Meat Inc said on Tuesday they would form a joint venture to develop and sell snacks and beverages made from plant-based protein.
More pension funds, insurers and asset managers are outsourcing part or all of their dealing desks to specialist traders as they seek to cut costs and adapt their operations to deal with the coronavirus crisis, industry sources say.
German Chancellor Angela Merkel said on Tuesday she hoped to intensify work with the U.S. President Joe Biden's new administration on minimum taxation of digital companies.
Larry Fink, chief executive of the world's biggest asset manager BlackRock, on Tuesday warned the companies it invests in that they need to show how they will be able to survive in a world aiming for net-zero carbon emissions by mid-century.
