Microsoft is consolidating its retail channels in mainland China, the firm said in response to media reports that it is closing its network of authorised physical retailers in the world's second-largest economy. Microsoft did not confirm or deny the closures and did not comment on the number of authorised stores that would be impacted by the consolidation, in response to a request for comment from Reuters. "Microsoft continually assesses its retail strategy to meet the evolving needs of our valued customers and we’ve made the decision to focus our channel approach in Mainland China," it said in a statement.
Oil prices were little changed on Tuesday, holding near the two-month highs reached in the previous session, on expectations for rising fuel demand from the summer travel season and possible U.S. interest rate cuts that could boost economic growth. Brent crude futures rose 20 cents to $86.80 per barrel as of 0142 GMT after gaining 1.9% in the previous session to the highest close since April 30. U.S. West Texas Intermediate (WTI) crude rose 13 cents to $83.51 a barrel, after gaining 2.3% to its highest since April 26.
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