Reuters Daily Investor Update: July 4, 2017

Click to View in Browser Tuesday, July 4, 2017 U.S. government seeks to intervene in Apple's EU tax appeal: source WASHINGTON (Reuters) - The U.S. government has sought to intervene in Apple's appeal against an EU order to pay back up to 13 billion euros ($14.8 billion) in taxes to Ireland, a source familiar with the matter said on Tuesday. New EU court blow to Uber over French taxi case BRUSSELS (Reuters) - Uber [UBER.UL] suffered a new setback in Europe on Tuesday when a European Union court adviser said France was entitled to charge local managers of the U.S. ride-hailing app firm with running an illegal taxi service. Samsung plans $18.6 billion South Korea investment to widen chip lead SEOUL (Reuters) - Samsung Electronics Co Ltd said on Tuesday it will invest at least $18.6 billion in South Korea to extend its lead in memory chips and next-generation smartphone displays, in a plan that promises to create almost half a million jobs. Exclusive: Italian court to hear $3 billion claim against Morgan Stanley - source ROME (Reuters) - Italian prosecutors have decided to take Morgan Stanley to court over allegations that the U.S. bank caused 2.7 billion euros ($3.1 billion) in losses to the state in relation to derivative transactions, a source familiar with the matter said. Brent crude stabilizes near $50 a barrel LONDON (Reuters) - Brent oil prices gained slightly on Tuesday, stabilizing near $50 a barrel on tentative signs that a persistent rise in U.S. crude production may be slowing. Corvex, NYC investment group seek to scuttle Clariant-Huntsman deal ZURICH (Reuters) - Activist investor Keith Meister's Corvex hedge fund and New York's 40 North have taken a 7.2 percent stake in Clariant to fight the Swiss chemical maker's planned merger with Huntsman Corp . Shares, oil stumble after flying start to second half LONDON (Reuters) - World shares and oil pulled back and bonds and gold were back in favor on Tuesday, as a long-range ballistic missile test by North Korea and July 4 holidays for U.S. markets restricted risk appetite. VW to start importing cars to Iran in August with partner Mammut Khodro BERLIN (Reuters) - Volkswagen will start importing cars to Iran next month, returning to the resurgent Middle Eastern market after 17 years in a move that may help the German group trim reliance on volatile overseas markets such as China and Brazil. Trump to promote U.S. natgas exports in Russia's backyard WASHINGTON (Reuters) - President Donald Trump will use fast-growing supplies of U.S. natural gas as a political tool when he meets in Warsaw on Thursday with leaders of a dozen countries that are captive to Russia for their energy needs. Black gold: India tax hike could boost illegal bullion, jewelry sales MUMBAI (Reuters) - A hike in taxes on gold sales in India could stoke under-the-counter buying and drive up appetite for precious metal smuggled into the country, where millions of people store big chunks of their wealth in bullion and jewelry. Related Video Gas Natural targets $40 bln EDP merger - sources EU court blow for Uber in France Related News Guggenheim's Minerd says Fed will not move as quickly as many think Wall Street banks take on summer school: Investing 101 for rich kids 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