Oil prices were steady on Tuesday, holding onto gains from the previous session, after positive comments from the United States and China kept alive hopes that the world's two largest economies are soon to agree an end their trade war.
Asian stocks rose on Tuesday as an apparent olive branch from Beijing in trade talks with Washington added to other recent signs of progress, fuelling a rally in Wall Street's main benchmarks to record highs.
Asian stocks rose on Tuesday, bolstered by Wall Street's record closing highs and signs of new momentum in Beijing's and Washington's efforts to end their long and acrimonious trade dispute.
Alibaba Group's Hong Kong shares made a solid debut on Tuesday, trading 6.9% higher than their issue price and at a small premium to pricing in New York after marking the world's largest stock sale this year.
Tesla Inc's chief executive, Elon Musk, will testify in his own defense against a defamation lawsuit brought by a British cave explorer, Musk's lawyer said on Monday in U.S. District Court in Los Angeles.
The chief executive of Australia's Westpac Banking Corp stepped down on Tuesday over a money laundering scandal involving child exploitation, just a day after he told staff it was "not a major issue" and that he intended to stay on.
Oil prices were steady on Tuesday, hanging onto gains from the previous session, after comments from the United States and China kept alive hopes that the world's two largest economies are soon to agree on ending their trade war.
The small cap Russell 2000 jumped to a 52-week high Monday, signaling it may be set for a breakout that could help lift the entire market.
Oil prices rose on Monday as positive noises from Washington over the weekend rekindled hopes in global markets that the United States and China could soon sign an interim deal to end their bitter trade war.
Tesla Inc Chief Executive Officer Elon Musk indicated in a tweet on Sunday that the electric carmaker received 200,000 orders for its electric pickup truck within three days of its launch.
China and the United States are 'very close' to a phase one trade deal, the Global Times, a tabloid run by the ruling Communist Party's official People's Daily, said on Monday, discounting "negative" media reports.
China's foreign ministry said on Monday it hopes the United States will work with Beijing on a basis of equality and mutual respect on the ongoing bilateral trade negotiations.
LVMH has agreed a $16.2 billion deal to buy U.S. jeweler Tiffany, Louis Vuitton's parent firm confirmed on Monday, in the luxury good maker's biggest purchase to date.
Britain's Just Eat advised shareholders not to accept a 710 pence-a-share cash offer from Prosus , saying it was inferior to its agreed deal with Takeaway.com to create the largest food delivery player outside China.
China's new energy vehicle (NEV) market is likely to see a sales rebound next year as automakers roll out more new products to lure buyers, but more supportive government policies are needed, auto executives said.