U.S. Treasury yields turned slightly lower on Tuesday after manufacturing data came in weaker than expected, raising concerns about continued contraction in some parts of the economy in an environment of rising interest rates.
Gold futures settled with a loss on Tuesday as investors looked toward upcoming U.S. labor market data and comments from Federal Reserve officials for clues on whether the central bank will decide to lift interest rates when it meets later this month.
Manufacturing activity shrank last month for the first time in three years as a strong dollar and weakness overseas continue to crimp the industry.
Washington’s Dulles International Airport has landed nonstop service to the Moroccan city of Casablanca.
Pickup trucks helped Ford eke out a small sales gain in November, compared to the same period a month earlier.
Nissan is considering raising its stake in Renault, its French partner, from 15 per cent to 25 per cent or more amid concerns about the French government’s growing influence over the alliance.
Mustafa Akaydin, a Republican People’s Party’s (CHP) lawmaker, said that Turkish region Antalya could lose $6 billion in tourism and $500 million in the agricultural sector due to the conflict between Russia and Turkey.
The United States Treasury will cut next year's bonds issuance to soften the possible negative consequences to the US economy stemming from the looming US Federal Reserve’s hike in borrowing costs, still, the spread between the US and foreign bonds is bound to rise, further unbalancing the global economy.
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