Wall Street opens lower on trade war fallout concerns

Reuters | Jul 9, 2019 at 1:36 PM

U.S. stocks opened lower on Tuesday, weighed down by worries over the impact of a protracted U.S.-China trade spat on company earnings and lowered expectations of a sharp interest rate cut later this month.

Wall St set to open lower on concerns over trade war fallout

Reuters | Jul 9, 2019 at 1:07 PM

Wall Street was set for a lower open on Tuesday as investors fretted over a hit to earnings from the protracted U.S.-China trade dispute and lowered expectations of a big rate cut by the Federal Reserve later this month.

German chemical giant BASF cuts outlook for 2019

Xinhua News Agency | Jul 9, 2019 at 12:52 PM

German chemical giant BASF cut its business outlook for 2019 and is expecting profits and turnover to decline in the current year, the company has announced on Monday evening local time.

Stocks drop for third day, BASF warning stings Europe

Reuters | Jul 9, 2019 at 12:29 PM

World stocks fell for a third straight day on Tuesday after a stinging warning from German chemicals giant BASF about the effects of the global trade war and as hopes dwindled of a hefty U.S. interest rate cut this month.