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Daily Investor Update: HSBC Global Asset Management names Nicolas Moreau as CEO

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HSBC Global Asset Management names Nicolas Moreau as CEO

HSBC Global Asset Management has appointed Nicolas Moreau as its new chief executive, the firm said in a statement on Tuesday, adding that he will join the $500 billion business in September.

China's Tencent talking to Vivendi about stake in Lady Gaga's label

China's Tencent Holdings Ltd is in talks to buy up to 20% of Universal Music Group (UMG) from Vivendi SA , valuing the music label of Lady Gaga, Ariana Grande and the Beatles at around 30 billion euros ($34 billion), as both firms look to expand in a recovering global music market.

Trump shrugs off trade war concerns; China warns of market chaos

U.S. President Donald Trump on Tuesday dismissed concerns over a protracted trade war with China, as Beijing warned that Washington's decision to label it a currency manipulator would lead to chaos in financial markets.

Trump vows to help farmers as China halts U.S. agricultural purchases

U.S. President Donald Trump on Tuesday vowed to protect American farmers against China by signaling to provide further aid if needed, a day after Chinese firms stopped agricultural purchases and Beijing threatened more tariffs on U.S. farm products.

Wall St. rebounds, up 1% after China moves on yuan

U.S. stocks jumped more than 1 percent on Tuesday, bouncing back from a sharp sell-off the previous day as China stepped in to stabilize the yuan, easing concerns that currencies would be the latest weapon in the trade war.

U.S. appeals court voids Google 'cookie' privacy settlement that paid users nothing

A federal appeals court on Tuesday struck down Google's class-action settlement meant to resolve claims it invaded the privacy of millions of computer users by installing "cookies" in their browsers, but paying those users nothing for their troubles.

DuPont considers sale of nutrition and biosciences unit - CNBC

Industrial materials maker DuPont is considering the sale of its nutrition and biosciences unit, CNBC said in a tweet on Tuesday, citing a report.

Oil slightly lower as U.S.-China trade tensions weigh

Oil prices fell slightly on Tuesday, with Brent crude remaining near seven-month lows just below $60 a barrel because of increasing trade tensions between China and the United States.

New York fashion grandee Barneys files for bankruptcy protection

U.S. department store operator and fashionista favorite Barneys New York Inc filed for bankruptcy protection on Tuesday and put itself up for sale, underscoring how even luxury retailers are struggling to freshen their image and compete with online rivals.

Exclusive: China warns India of 'reverse sanctions' if Huawei is blocked - sources

China has told India not to block its Huawei Technologies from doing business in the country, warning there could be consequences for Indian firms operating in China, sources with knowledge of the matter said.

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