Stocks rally cut off by EU threats over Italy’s budget
European stocks, core bond yields and the euro fell on Tuesday as concerns about Italy’s budget overshadowed talks of a Fiat-Chrysler and Renault merger and the muted showing of nationalists in European Union parliamentary elections.
Japan’s financial watchdog orders Nomura to improve business after leak
Japan’s financial watchdog on Tuesday ordered Nomura Holdings to improve its business practices after the country’s biggest brokerage admitted an employee had leaked market information.
Tesla’s China-made Model 3 may be priced in $43,400-$50,700 range: Bloomberg
Tesla Inc is considering pricing its China-manufactured Model 3 vehicles between 300,000 yuan and 350,000 yuan ($43,431-$50,670) before subsidies, Bloomberg reported on Tuesday, citing people familiar with the matter.
France insists any Renault/Fiat deal must protect French jobs: Le Maire
France must protect its own interests and jobs in any merger between Renault and Fiat, even though France’s stake in Renault would automatically be diluted, French Finance Minister Bruno Le Maire told RTL radio on Tuesday.
China gains, auto sector lift Asian shares, but sentiment fragile
Asian shares rose on Tuesday, lifted by gains in China and as auto firms climbed on merger news, but broad uncertainties over trade and economic growth kept investor enthusiasm in check.
French government insists any Renault/Fiat deal must protect jobs: Le Maire
France must protect its own interests and jobs in any merger between Renault and Fiat, even though France’s stake in Renault would automatically be diluted, said French Finance Minister Bruno Le Maire.
Alibaba plans bumper $20 billion HK listing to boost investment war chest: sources
Alibaba is considering raising as much as $20 billion through a listing in Hong Kong, people familiar with the matter told Reuters, lining up a second blockbuster deal following its 2014 record $25 billion float in New York.
Huawei reviewing FedEx relationship, says packages ‘diverted’
Chinese telecoms equipment maker Huawei [HWT.UL] is reviewing its relationship with FedEx Corp after it claimed the U.S. package delivery company, without detailed explanation, diverted two parcels destined for Huawei addresses in Asia to the United S…
Asian equities buoyed by China, auto merger but gains capped
Asian shares edged up on Tuesday lifted by gains in China and as auto firms climbed on merger news, but broad uncertainties over trade and economic growth kept a lid on gains.
Brexit helps New York take top finance spot from London: survey
Fallout from Brexit has helped New York overtake London to become the world’s pre-eminent financial center, a survey of financial executives by Duff & Phelps showed on Tuesday.
