Rekindled U.S.-China trade hopes supported share markets on Tuesday, while Britain’s pound was whipsawed by another twist in the Brexit drama as the UK’s top court dramatically overruled the government’s suspension of parliament.
German luxury carmaker Daimler will pay a fine of 870 million euros in relation to the certification of diesel vehicles that did not meet regulatory requirements, prosecutors in the southern city of Stuttgart said on Tuesday.
Shares in mBank hit their highest level since early August on Tuesday, partly in response to speculation that Poland’s fourth largest lender by assets is up for sale.
U.S. stock index futures rose on Tuesday as Washington confirmed that trade negotiations with China would resume in two weeks, after the cancellation of a planned visit by Chinese delegates to U.S. farms last week fueled uncertainty over the talks.
Saudi Arabia is unlikely to list its oil giant Aramco this year after attacks earlier this month on oil facilities, two sources with direct knowledge of the company’s thinking said.
An EU court ruling on Tuesday overturning an order that Starbucks pay the Dutch state back taxes shows the multinational “was treated the same as other companies,” the Dutch Finance Ministry said.
The European Commission will study the rulings of the European Union’s second-highest court on tax disputes with Starbucks and Fiat Chrysler Automobiles , the competition chief Margrethe Vestager said on Tuesday.
Hong Kong Exchange and Clearing (HKEX) said it was “thinking big” in its $39 billion London Stock Exchange bid as LSE CEO David Schwimmer said he was sticking with his $27 billion purchase of data and analytics company Refinitiv.
Starbucks won its fight on Tuesday against an EU demand to pay up to 30 million euros ($33 million) in Dutch back taxes, while Fiat Chrysler Automobiles lost its challenge against an order to stump up a similar amount to Luxembourg.
German prosecutors brought criminal charges of stock market manipulation against Volkswagen CEO Herbert Diess, former CEO Martin Winterkorn and Chairman Hans Dieter Poetsch in relation to an emissions cheating scandal.
Hong Kong Exchange and Clearing (HKEX) said it was “thinking big” in its $39 billion bid for the London Stock Exchange, but LSE CEO David Schwimmer said he was sticking with his $27 billion acquisition of data and analytics company Refinitiv.
Oil prices fell on Tuesday after weak manufacturing data from Europe and Japan focused market attention on a gloomy outlook for demand and as Saudi Arabia was expected to restore oil output faster than anticipated following attacks last week.
European shares rose on Tuesday, following their worst day in over a month, after Washington said the United States and China would resume trade talks. Britain’s pound was laying low before the next act in the Brexit drama.
Uber on Tuesday received only a two-month London operating license, failing to secure a maximum five-year term in a battle with the regulator which has previously stripped the app of its right to take rides.
Brewer AB InBev priced the Hong Kong IPO of its Asia-Pacific unit at the bottom of a marketed range to raise about $5 billion, indicating deals in the pipeline may need subdued valuations to succeed as protests in the city unnerve investors.
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