Business News

European Trade Commissioner Phil Hogan confirmed on Tuesday that he was considering a bid to become the next director-general of the World Trade Organization, as EU governments debated whether to unify around a single European candidate.

A little-known Indian IT firm offered its hacking services to help clients spy on more than 10,000 email accounts over a period of seven years.

Brazilian cosmetics maker Natura &Co said on Tuesday its subsidiary Avon has suffered a cyber incident that has halted some of its systems, partially hitting operations.

Latin American stock indexes fell on Tuesday as investors cashed in after a stellar risk rally over the last few sessions, and regional currencies weakened ahead of a U.S. Federal Reserve meeting. As Wall Street pulled back, Brazil's Bovespa and Colombia's COLCAP index broke a seven-session winning run, while Chilean stocks fell after six sessions. Mexican shares lost 2%. The declines caused the broader emerging markets shares benchmark to give

A recent run of optimism in markets hit the brakes on Tuesday, as investors pulled back from stocks in the U.S., while turning their attention to safe-haven assets like gold.

* Volkswagen CEO apologised for comments towards board members

* Macy's gains as reopened stores perform better than expected

Brazilian cosmetics maker Natura &Co said on Tuesday its subsidiary Avon has suffered a cyber incident that has halted some of its systems, partially hitting operations.

Mexican President Andres Manuel Lopez Obrador said on Tuesday some Canadian mining firms are not up-to-date on their tax payments and urged them to resolve the matter.

Canada's main stock index fell on Tuesday, dragged down by energy stocks as oil prices fell, while investors looked forward to the U.S. Federal Reserve's two-day meeting for cues on economic policy.

Glass maker Corning Inc said on Tuesday it would receive $204 million from the U.S. government to boost manufacturing capacity of its vials that will be used to package coronavirus vaccines and treatments.

Volkswagen Chief Executive Herbert Diess apologised to the company's supervisory board for having made "inappropriate and wrong" statements at an internal event, the carmaker said on Tuesday.

Brazil's monetary policy is not determined by short-term asset price moves such as the sharp rebound across a range of markets in recent weeks, central bank monetary policy director Fabio Kanczuk said on Tuesday.

NEW YORK, June 9 (LPC) - As immediate requests for liquidity due to the Covid-19 crisis start to flatten, banks, lending to highly rated companies, are looking ahead at how they can keep up business momentum and simultaneously protect themselves from potentially higher costs of funding and deteriorating credit risk.

U.S. luxury jeweler Tiffany & Co, which is being bought by France's LVMH for $16 billion, said on Tuesday it had amended some of its debt agreements to gain more financial leeway amid the coronavirus pandemic after its quarterly sales sank 44%.

Corning Inc said on Tuesday it would receive $204 million from the U.S. government to boost the manufacturing capacity of its glass vials after the company was selected as a packaging provider for COVID-19 vaccines and treatments.

Canada's main stock index opened lower on Tuesday as energy stocks fell nearly 4% due to lower oil prices, while investors turned cautious ahead of the U.S. Federal Reserve's two-day meeting.

U.S. stocks opened lower on Tuesday as investors turned cautious ahead of a Federal Reserve meeting that could offer views on the recent signs of economic recovery that drove the tech-heavy Nasdaq to an all-time high.

The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Tuesday:

* Macy's gains as reopened stores perform better than expected