Reuters Before the Bell: Exor's Elkann stresses long-term commitment to Fiat Chrysler

Click to View in Browser Tuesday, April 2, 2019 Exor's Elkann stresses long-term commitment to Fiat Chrysler Exor, the holding company of the Agnelli family, remains committed to Fiat Chrysler (FCA), chairman John Elkann said, in comments that may dampen speculation the Italian carmaker could be the target of a takeover. Why some green investors are passing on Uber and Lyft Some environmentally focused investors are not ready to buy into Lyft Inc or Uber Technologies Inc, worried about the climate impact of this year's two most closely watched initial public offerings. Maersk management given time to turn around 'supertanker' The main shareholder and the chairman of Danish shipping group A.P. Moller-Maersk both backed management's efforts to reshape the business, although other investors raised concerns on Tuesday about the rate of progress. Superdry founder set to win investor backing for return to board The founder and former boss of Superdry, Julian Dunkerton, is set to return to the board of the British fashion group after winning the support of shareholders by a narrow margin, initial votes showed on Tuesday. Shell to quit U.S. refining lobby over climate disagreement Royal Dutch Shell on Tuesday became the first major oil and gas company to announce plans to leave a leading U.S. refining lobby due to disagreement on climate policies. Bitcoin soars 20 percent, mystery buyer seen as catalyst Bitcoin burst to its highest level in almost five months on Tuesday, sending smaller cryptocurrencies up, with analysts ascribing the move to a major order by an anonymous buyer that triggered a frenzy of computer-driven trading. Trade slowed in fourth-quarter, WTO says; auto tariffs, Brexit are 2019 risks World trade shrank by 0.3 percent in the fourth quarter of 2018 and is likely to grow by 2.6 percent this year, slower than 3.0 percent growth in 2018 and below a previous forecast of 3.7 percent, the World Trade Organization said on Tuesday. World shares perch near six-month high, oil chases $70 a barrel World stocks hovered just under a six-month high on Tuesday as Brent neared $70 a barrel for the first time since November, Brexit fatigue sapped sterling and the dollar shows signs of gaining strength again. Microsoft, BMW launch industrial cloud technology partnership Microsoft Corp and BMW Group on Tuesday launched an initiative to create an Open Manufacturing Platform that seeks to stimulate innovation and accelerate the development of 'smart' factories. Exclusive: Exxon weighs sale of Nigerian oil and gas fields for up to $3 billion Exxon Mobil recently held talks on the sale of a suite of oil and gas fields in Nigeria as the company focuses on new developments in U.S. shale and Guyana, industry and banking sources told Reuters. Related Video Floods ruin grain in already struggling Midwest Zuckerburg wants more regulation, here's why Make sense of the market with highlights of valuable financial information and reports along with compelling investment insights. 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 2019 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