The euro sank against the dollar on Tuesday (July 29) after the European Union and the United States broadened sanctions on Russia in response to Moscow's intervention in the Ukraine crisis.
The New York Times Co. on Tuesday (July 29) reported a sharp drop in profits as lower advertising revenues offset gains in digital subscriptions.
Twitter on Tuesday (July 29) reported that its quarterly loss widened to US$145 million despite revenue more than doubling, but its shares soared on word of healthy user growth.
US stocks on Tuesday (July 29) finished lower after the United States and European Union broadened sanctions on Russia, overshadowing US economic data and earnings reports.
Luxembourg said on Tuesday (July 29) it would place two key shareholders of struggling Portuguese lender Banco Espirito Santo (BES) in administration after they demanded protection from creditors.
Oil prices in New York fell on Tuesday (July 29) on a weak US crude demand outlook, while European oil prices rose on concerns about Libya and new European Union sanctions on Russia.
The US Federal Reserve began a two-day policy meeting on Tuesday (July 29) under rising pressure to step off its ultra-dovish stance to address rising inflation and worries of overheated markets.
Companies in the near future will be able to test public reaction to advertisements, music and films before they are released by monitoring the brain signals of a select group as they watch a trial.
US consumer confidence increased for the third consecutive month in July, hitting its highest level since October 2007, The Conference Board said on Tuesday (July 29).
The EU agreed to impose asset freezes and travel bans on Tuesday (July 29) against four close business associates of Russian President Vladimir Putin as well as four firms, EU sources said.