Disappointing corporate results from several heavyweights dragged Wall Street as investors looked for clues regarding the timing of the next interest rate hike ahead of a Fed meeting next week.
Monday biz blues
WASHINGTON A U.S. federal judge on Tuesday approved Volkswagen AG's record-setting $14.7 billion settlement with regulators and owners of 475,000 polluting diesel vehicles, and the German automaker said it would begin buying back the vehicles in mid-November.
FRANKFURT Deutsche Bank is considering a u-turn in its retail banking strategy and may opt for a full integration of its Postbank operations instead of a sale, three people close to the bank said.
CUIDAD JUAREZ, MEXICO Both U.S. presidential candidates routinely criticize free-trade deals they blame for the loss of American jobs.
NEW YORK The dollar hit its highest level in nearly eight months against the euro and a roughly three-month high against the yen on Tuesday on growing expectations that the Federal Reserve would raise interest rates in December, while the offshore yuan hit a record low.
LONDON Bank of England Governor Mark Carney said on Tuesday that investors would demand a higher return for holding British assets, including government bonds, if the central bank's independence was called into question.
* says it has sold $5.54 million in equity financing from total offering amount of $6.04 million - sec filing Source text : http://bit.ly/2f4L9oT
LONDON, Oct 25 European shares rose on Tuesday, as gains in Randstad, Orange and major mining companies lifted the region's stock markets.
LONDON, Oct 25 European shares rose on Tuesday, with Germany's DAX briefly touching a new peak for 2016, as gains in major mining companies and solid corporate results at leading blue-chip firms buoyed markets.
TOKYO, Oct 25 Japanese stocks rose to a six-month high on Tuesday as a weaker yen lifted hopes that exporters' earnings will recover, while Kyushu Railway Co jumped 15 percent in its market debut.
Oct 25 Hong Kong shares ended slightly lower on Tuesday after mainland markets put up a lacklustre performance and as investors were cautious about the increasing possibility of a U.S. interest rate increase in December.