Reuters - Daily Investor Update

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Monday, August 21, 2017

Total deepens North Sea exposure with $7.5 billion Maersk Oil deal

PARIS/COPENHAGEN (Reuters) - Total is buying Maersk's oil and gas business in a $7.45 billion deal which the French major said would strengthen its operations in the North Sea and raise its output to 3 million barrels per day by 2019.

Hong Kong property investors go trophy hunting in London despite Brexit

LONDON (Reuters) - Chinese investment in London commercial property has more than trebled since before Britain voted to leave the European Union, most of it channeled through Hong Kong at a time of heightened political uncertainty in the former British colony.

VW in no hurry to sell assets, investments more important

WOLFSBURG, Germany (Reuters) - Volkswagen is more focused on its multi-billion-euro shift towards electric vehicles and transport services than any potential sale of motorcycle brand Ducati or transmissions maker Renk, its head of strategy told Reuters.

China's Great Wall confirms interest in Fiat Chrysler

SHANGHAI/BEIJING (Reuters) - China's Great Wall Motor Co Ltd is interested in bidding for Fiat Chrysler Automobiles (FCA), a company official said on Monday, confirming reports it is pursuing all or part of the owner of the Jeep and Ram truck brands.

Oil prices fall after rally prompts profit-taking

AMSTERDAM (Reuters) - Oil prices fell around 1 percent on Monday as a rally at the end of last week prompted investors to close positions at a higher price, against a backdrop of signs the global market is starting to rebalance.

Metals shine as world stocks struggle near 5-1/2-week low

LONDON (Reuters) - World stocks struggled at a 5-1/2-week low on Monday, though metals dazzled with zinc at its highest in a decade, copper hitting a nearly three-year high and iron ore's gains in the last three sessions stretching to nearly 15 percent.

Wall Street flat as North Korea, White House worries ebb

(Reuters) - U.S. stocks opened little changed on Monday, with some measure of calm returning after a turbulent two weeks during which turmoil in the White House and simmering tensions between the United States and North Korea roiled the markets.

Deutsche Bank eyes wealth management expansion in London

ZURICH (Reuters) - Deutsche Bank wants to significantly grow the number of private bankers it employs in London, its head of wealth management for Europe, the Middle East and Africa (EMEA) said, a sharp contrast to plans to scale back its UK investment bank.

Special Report: Refiner Valero's secret campaign against U.S. biofuels mandates

(Reuters) - U.S. biofuels regulations, which mandate mixing corn-based ethanol into gasoline, have lately drawn together a diverse cast of political opponents.

Factbox: Fiat Chrysler's Chinese suitor, Great Wall

(Reuters) - China's largest SUV manufacturer Great Wall Motor Co Ltd is interested in bidding for Fiat Chrysler Automobiles (FCA), a company official said on Monday.