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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.
Stuttgart prosecutors on Tuesday said Porsche AG's offices were searched as part of a broader probe investigating confidential information leaks to a tax advisor and high remuneration payments to a Porsche works council member.
France will seek protection of local jobs and other guarantees in exchange for supporting a merger between carmakers Renault and Fiat Chrysler, its finance minister said on Tuesday, underscoring the challenges facing the plan.
Amazon.com Inc and Walmart Inc's Flipkart are unlikely to fully participate in an Indian antitrust body's study of the e-commerce sector for fear of revealing trade secrets, two people with direct knowledge of the matter said.
General Electric (GE) has announced a plan to cut around 1,000 jobs in France, said a trade union source, in a move that could set the U.S. company at odds with the French government which has consistently urged GE not to cut French jobs.
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 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.
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.
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 States and attempted to reroute two others.
Alibaba is considering raising as much as $20 billion through a secondary 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.
Asian shares tracked European gains on Tuesday, as relief over EU election results eased concerns about political difficulties in the bloc and merger news supported auto shares, although persistent concerns about trade capped regional sentiment.
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