European shares gain on Trump tariff relief, carmakers shine
European shares gained ground on Tuesday, with Germany’s carmakers outperforming, as risk appetite held firm after the United States stepped back from imposing tariffs on Mexico.
Exclusive: Zambian government has no plans to seize First Quantum – sources
Zambia has no plans to seize the assets of Quantum Minerals Ltd and the copper producer intends to stay in the country despite the government’s move to wrest control of a rival miner, government and industry sources told Reuters.
China says will respond if U.S. escalates trade tension
China will respond firmly if the United States insists on escalating trade tensions, the foreign ministry said on Tuesday after U.S. President Donald Trump said further tariffs were ready to kick in if no deal was reached at a G20 summit this month.
Renault/Fiat case ‘not closed’, says French transport minister
Plans to merge carmakers Renault and Fiat Chrysler could re-emerge despite the breakdown of negotiations last week, France’s transport minister said on Tuesday, joining a chorus of French officials hoping the deal could be revived.
Italy to scrap incentives for Whirlpool plant in Naples
The Italian government will move on Tuesday to scrap incentives for U.S.-listed appliance maker Whirlpool Corp following the company’s decision to close its factory in Naples, Deputy Prime Minister Luigi Di Maio said.
Italy in final rush for Alitalia rescue: Industry minister
Italy’s Industry Minister Luigi Di Maio said on Tuesday the government was in a final rush to orchestrate a rescue of trouble carrier Alitalia.
Renault/Fiat case ‘is not closed’: French Transport Minister
The situation regarding plans to merge Renault and Italian rival Fiat Chrsyler “is not closed”, said France’s transport minister, adding to a chorus of French ministers hoping that the deal could be revived.
New Zealand selects Lockheed C-130J as preferred military transport replacement
New Zealand on Tuesday said it had selected Lockheed Martin Corp’s C-130J Super Hercules as the preferred replacement for five aging C-130 Hercules military transport aircraft, a choice in line with its closest allies.
Exclusive: Top Japanese chip gear firm to honor U.S. blacklist of Chinese firms – executive
Japan’s Tokyo Electron, the world’s No.3 supplier of semiconductor manufacturing equipment, will not supply to Chinese clients blacklisted by Washington, a senior company executive told Reuters.
Britain’s Saga links up with Goldman to tap over-50s savings
Saga, the British tourism and insurance firm for the over-50s, said on Tuesday it ways teaming up with Goldman Sachs on savings products, as part of a drive to revive its bottom line after a profit warning in April.
