HONG KONG (Reuters) - Asian stock markets retreated on Tuesday and the Australian dollar stumbled after the central bank cut interest rates for the second time in four months as the region's growth falters in the face of slowing demand from China.
Investing.com - The Reserve Bank of Australia cut its cash rate by 25 basis points to a record low 2.00% as expected on Tuesday, citing a subdued inflation outlook and eyeing a further fall in the Australian dollar.
... * Q1 loss of 167 mln euros smaller than expected. * Weak euro helps revenue but reduces benefit of cheaper fuel. * Ryanair April traffic up 16 percent.
European equities were mixed in morning trade on Tuesday as investors kept an eye on the ongoing Greece bailout drama and earnings from banking giants HSBC and UBS.
General Electric (GE) has announced plans to produce an LED light compatible with Apple's HomeKit software. The integration will include the ability to control the GE lights via Siri, Apple's voice-interface digital assistant.