Reuters Daily Investor Update: March 13, 2017

Click to View in Browser Monday, March 13, 2017 HSBC names AIA's Tucker as chairman in break with past HONG KONG/LONDON (Reuters) - HSBC broke with tradition by choosing outsider Mark Tucker to replace Douglas Flint as chairman later this year, handing the AIA Group boss the task of selecting a new chief executive for Europe's biggest bank in 2018. Intel to buy driverless car-tech firm Mobileye for $15 billion JERUSALEM (Reuters) - U.S. chipmaker Intel agreed to buy driverless car-technology firm Mobileye for $15.3 billion on Monday, positioning itself for a dominant role in the autonomous-driving sector after missing the market for mobile phones. Wall St flat as investors prepare for potential rate hike (Reuters) - U.S. stocks were little changed on Monday as investors preferred to hold their bets ahead of a widely expected interest rate hike by the Federal Reserve later this week. Tough Tucker takes Asian growth formula to ailing HSBC HONG KONG/LONDON (Reuters) - HSBC's new Chairman Mark Tucker is known in Asia as one of the region's most successful finance executives for taking insurer AIA through a stock market listing and then more than doubling its market value through a relentless focus on new business. Oil down again, dollar steady as pivotal week for markets gets underway LONDON (Reuters) - Oil prices, down for a fifth straight day on Monday, were an outlier in a relatively calm start to an event-packed week for global markets as investors braced for a potential interest rate hike in the United States, a Dutch election and the first G20 finance ministers' meeting of the Trump era. Oil touches three-month lows, as U.S. supply swells LONDON (Reuters) - Oil hovered around three-month lows on Monday, as rising U.S. inventories and drilling activity offset optimism over OPEC's efforts to restrict crude output. Blackstone picks Luxembourg for EU base: Luxembourg official says LONDON (Reuters) - Private equity firm Blackstone is among a number of financial services companies to have chosen Luxembourg as the site for a European Union subsidiary following Britain's vote to leave the EU, the head of Luxembourg's financial development agency said. Millennial love for Snapchat extends to the stock NEW YORK (Reuters) - For some millennial investors, loyalty to one of their favorite apps matters more than financial details in the case of Snap Inc . Russia's standards agency says Volkswagen recalls 43,151 Skoda cars MOSCOW (Reuters) - Russia's standards agency said on Monday that Volkswagen's Russian operation had informed it about the voluntary recall of 43,151 Skoda cars due to a possible technical fault. Toshiba seeking to extend Tuesday deadline for third-quarter disclosure: sources TOKYO (Reuters) - Japan's Toshiba Corp is seeking to extend its Tuesday deadline for submitting official third-quarter earnings due to disagreements with auditors over issues at its U.S. nuclear unit Westinghouse, sources familiar with the matter said. Related Video Week ahead: markets brace for Fed, Dutch vote Bitcoin plunges after shocking SEC rejection Related News Morgan Stanley hiring hundreds into wealth unit to train technophobe advisers JP Morgan prepares wealth clients for end of IRAs Get a jump on the day with our early morning summary of key news developments for the US markets, as well as global market news. Register Today The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2017 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook