Asia Stocks to Rise as Tesla Buoys US Tech Giants: Markets Wrap
The rally in European stocks faltered on Wednesday as disappointing earnings in the banking and luxury sectors offset further gains for technology stocks.
The rally in European stocks faltered on Wednesday as disappointing earnings in the banking and luxury sectors offset further gains for technology stocks.
Iron ore climbed to the highest level in seven weeks as Fortescue Ltd., the fourth-biggest producer, said full-year shipments are likely to be at the lower end of guidance after disruptions hit supplies at mines in Western Australia.
CVC Capital Partners is exploring options for its controlling stake in Italian drugmaker Recordati SpA, according to people familiar with the matter.
Allfunds Group Plc has abandoned discussions over a potential sale of the European fund distribution platform, people with knowledge of the matter said.
Temenos AG, the financial software company targeted by a short seller report earlier this year, announced its new chief executive officer after repeated activist calls to replace interim CEO Andreas Andreades.
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