Reuters Before the Bell: Stocks rally cut off by EU threats over Italy's budget

Click to View in Browser Tuesday, May 28, 2019 Stocks rally cut off by EU threats over Italy's budget 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 search Porsche offices in payments probe 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 wants FCA-Renault job guarantees and Nissan on board 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, Walmart's Flipkart unlikely to respond to key queries in India antitrust study: sources 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. Exclusive: Huawei reviewing FedEx relationship, says packages 'diverted' Chinese telecoms equipment maker Huawei 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. General Electric planning to cut around 1,000 jobs in France: union source 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. Japan's financial watchdog orders Nomura to improve business after leak Japan's financial watchdog on Tuesday ordered Nomura Holdings to improve its business practices after the country's biggest brokerage admitted an employee had leaked market information. Alibaba plans bumper $20 billion HK listing to boost investment war chest: sources 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. Occidental to sell parts of Anadarko after debt-fueled acquisition Occidental Petroleum snatched up some of the richest shale oilfields in Texas when it beat out rival Chevron Corp in a bidding war to acquire Anadarko Petroleum. Tesla's China-made Model 3 may be priced in $43,400-$50,700 range: Bloomberg 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. Related Video Alibaba plans $20 billion Hong Kong listing: sources Fiat Chrysler proposes merger with Renault 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