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  • SAO PAULO, June 22- Latin American stocks and currencies rose on Wednesday as optimism grew that Britain would vote to remain in the European Union a day before the closely watched referendum. Shares of Centrais Elétricas Brasileiras SA jumped 9 percent after a local newspaper reported the government had asked the outgoing chief executive officer of CPFL...

  • June 22- Tesla Motors Inc Chief Executive Officer Elon Musk said on Wednesday that the proposed acquisition of SolarCity Corp could eventually push the electric car maker's valuation to $1 trillion, but investors were skeptical. Shares of Tesla were down nearly 7 percent at $204.50, putting its market capitalization at $29.8 billion. The much smaller...

  • June 22- Hong Kong stocks rose for a fourth straight day on Wednesday as investors were hopeful Britain will vote to stay in the European Union this week, while Federal Reserve Chair Janet Yellen's cautious tone on future rate hikes also soothed sentiment. The Hang Seng index rose 0.6 percent, to 20,795.12, while the China Enterprises Index gained 0.7 percent, to...

  • *Julius Baer rises after Citigroup upgrade. Shares in Swiss financial group Julius Baer advanced 2 percent after Citigroup raised its rating on the stock to "buy" from "neutral." Britain's FTSE 100 rose 0.1 percent, a day before the country votes on its membership of the European Union.

  • LONDON, June 22- European shares rose on Wednesday, with two key regional indexes hitting their highest level in more than two weeks, as firmer financial stocks led markets higher. Shares in Swiss financial group Julius Baer advanced 2 percent after Citigroup raised its rating on the stock to "buy" from "neutral". Britain's FTSE 100 also rose 0.4 percent, a day before...

  • A Eur

    Businesses may be deploying deal capital to the U.S. as Brexit uncertainty hangs over Europe, the CEO of Hogan Lovells says.

  • June 21- Electric car maker Tesla Motors Inc said it had made an offer to acquire solar panel maker SolarCity Corp in an all-stock deal. Tesla said it offered $26.50- 28.50 per share, which represents a premium of about 25-35 percent to SolarCity's Tuesday close. Tesla shares fell 7 percent to $204 in extended trading on Tuesday, while SolarCity shares rose about 23...

  • MONTREAL, June 21- Canadian Pacific Railway Ltd warned on Tuesday it expected second-quarter revenue to fall about 12 percent from a year earlier, hurt by weak commodity volumes, the Fort McMurray wildfire in northern Alberta and a stronger Canadian dollar. The Calgary- based company's Canadian-listed shares were down more than 2 percent at C $157.24 by midday...

  • NEW YORK, June 21- Boeing Co signed an agreement to sell jetliners to Iran Air, the company said on Tuesday, confirming Iranian statements and briefly sending its shares up sharply in early trading. The agreement brings more work to Boeing's factories in Washington state and South Carolina, and helps the aerospace and defense company catch up with a $27 billion,...

  • SAO PAULO, June 21- Brazilian stocks fell on Tuesday after Oi SA filed for Brazil's largest ever bankruptcy protection, weighing on banks that lent money to the country's No. 1 fixed-line phone carrier. Preferred shares of Oi SA, which are not part of Brazil's benchmark Bovespa stock index, plunged as much as 31 percent to a fresh record low. Kroton SA rose 1.4 percent...

  • June 21- Canadian Pacific Railway Ltd warned on Tuesday it expected second-quarter revenue to fall about 12 percent from a year earlier, hurt by weak commodity volumes, the Fort McMurray wildfire in northern Alberta and a stronger Canadian dollar. The Calgary- based company's Canadian-listed shares were down more than 2 percent at C $157.24 by midday in...

  • June 21- Canadian Pacific Railway Ltd said on Tuesday it expected second-quarter revenue to fall about 12 percent from a year earlier, hurt by weak commodity volumes, the Fort McMurray wildfire in northern Alberta and a stronger Canadian dollar. The company's Canadian-listed shares were down almost 4 percent on Tuesday morning at $157.24 shortly after the...

  • There's finally light at the end of the tunnel for the mining industry.

    Mining industry sentiment has finally started to improve, after several years of gloom amid a commodity price slump.

  • June 20- Wal-Mart Stores Inc said on Monday it plans to sell its Chinese e-commerce business Yihaodian to Chinese online retailer JD.com Inc for a 5 percent equity stake in JD.com, a strategic alliance that aims to expand WalMart's reach in China to more customers. Shares of Wal-Mart rose 26 cents, or 0.4 percent, to $71.21 in afternoon New York Stock Exchange...

  • SAO PAULO, June 20- Voting shares of Oi SA fell as much as 16 percent in early Monday trading as approaching deadlines for debt repayments added to fears that Brazil's most indebted phone carrier could default in the middle of a restructuring. Fitch Ratings cut Oi's long-term debt rating to "C" from "CCC" on Friday, warning the company's current capital structure "is...

  • June 20- Canadian business software maker OpenText Corp said it would buy HP Inc's customer management software business for $315 million. The business is expected to generate between $110 million and $125 million of annualized revenue and immediately add to earnings, OpenText said on Monday. OpenText's shares were up about 2 percent at C $76.64 in morning...

  • *Shares up 3.3 pct at $13.58 premarket. June 20- Oil and natgas producer Marathon Oil Corp said it agreed to buy PayRock Energy Holdings LLC for $888 million from venture capital firm EnCap Investments, boosting its presence in the Oklahoma basin. Last week, U.S. shale oil producer Devon Energy Corp said it would sell its Texas acreage to Pioneer Natural Resources...

  • NEW YORK, June 20- After dropping more than $200 billion in market capitalization in one year, Apple shares could fall further as they are set to lose their weighting and be reclassified in the annual reconstitution of the widely followed Russell indexes. When all is said and done, about $1.3 billion more will be sold in Apple Inc shares at the market close on Friday,...

  • June 20- Hong Kong stocks jumped nearly 2 percent on Monday, their biggest one-day gain in almost a month, as Asian markets rebounded on hopes Britain will decide to remain in the European Union. Most Hong Kong sectors rose, with financials and energy shares leading the gains. But Hong Kong- listed shares of Vanke lost nearly 3 percent, after China's biggest...

  • Facebook investors to vote on new class of shares

    Neil Campling, global head of TMT research at Nothern Trust Capital Markets, talks about the reasons for Facebook to create new "C" class of shares.