A panel of bankers has ruled that some investors in Thomas Cook's credit derivatives worth as much as $2.7 billion are eligible for a payout following the world's oldest tour operator's collapse on Monday.
The German government will decide within the next coming days on whether to offer financial support to Condor, the German airline owned by insolvent British travel operator Thomas Cook , German Economy Minister Peter Altmaier said on Tuesday.
Starbucks won its fight on Tuesday against an EU demand to pay up to 30 million euros ($33 million) in Dutch back taxes, while Fiat Chrysler Automobiles lost its challenge against an order to stump up a similar amount to Luxembourg.
The European Commission will study the rulings of the European Union's second-highest court on tax disputes with Starbucks and Fiat Chrysler Automobiles , the competition chief Margrethe Vestager said on Tuesday.
German prosecutors have brought criminal charges of stock market manipulation against Volkswagen CEO Herbert Diess, former CEO Martin Winterkorn and Chairman Hans Dieter Poetsch in connection with the carmaker's emissions cheating scandal.
Hong Kong Exchange and Clearing (HKEX) said it was "thinking big" in its $39 billion London Stock Exchange bid as LSE CEO David Schwimmer said he was sticking with his $27 billion purchase of data and analytics company Refinitiv.
Volkswagen's Herbert Diess will keep his role as the carmaker's chief executive and continue to defend himself with all legal means after prosecutors indicted him in connection to an emissions cheating scandal, his lawyers said on Tuesday.
Volkswagen's supervisory board said on Tuesday its executive committee would convene immediately to discuss the indictment of CEO Herbert Diess in relation to the carmaker's diesel emissions scandal.
German insurer Allianz, Nippon Life and MS&AD Insurance are vying with rivals to buy the Singapore and Vietnam businesses of Britain's Aviva in a deal likely to be worth up to $2.5 billion, sources said.
Saudi Arabia is unlikely to list its state-owned oil giant Aramco this year after attacks this month on its facilities, two sources with direct knowledge of the company's thinking said.
U.S. stock index futures rose on Tuesday as Washington confirmed that trade negotiations with China would resume in two weeks, after the cancellation of a planned visit by Chinese delegates to U.S. farms last week fueled uncertainty over the talks.
BioNtech SE, Europe's largest unlisted biotech firm by staff numbers, said on Tuesday that it planned to raise up to $303.6 million in an initial public offering in the United States.
Britain's Financial Reporting Council said on Tuesday it was considering investigating the collapse of travel company Thomas Cook.
Rekindled U.S.-China trade hopes lifted share markets on Tuesday, while the pound was whipsawed by another dramatic Brexit twist after the UK's top court ruled the government's suspension of parliament had been unlawful.
The collapse of British travel operator Thomas Cook has left hundreds of thousands holidaymakers abroad and forced governments and insurers to coordinate a huge operation to get them home.