Volkswagen: German carmaker Volkswagen AG's China sales
are set to extend at least 4-5 % this year, the automaker's China chief said on
Tuesday.
China Chief Executive Jochem Heizmann also said
the firm was looking to quickly resolve concerns among some Chinese dealers of
its Audi AG cars over a tie-up with SAIC Motor Corp Ltd.
FGL: On Tuesday Fidelity & Guaranty Life (FGL), a U.S.
annuities and life insurer, said it has terminated its contract to be acquired
by China's Anbang Insurance group.
Reuters reported earlier that the Chinese
insurer would let its agreement to earn FGL for $1.6 billion lapse after failing
to secure all the necessary regulatory approvals.
Asian Stocks: On Tuesday Asian stocks pulled back, and the dollar gave up the
gains it had clocked on the U.S. Treasury Secretary's comments in support of a
stronger currency, as escalating tensions over North Korea dragged sentiment
low.
MSCI's broadest index of
Asia-Pacific shares outside Japan dropped 0.6 %.
Japan's
Nikkei added 0.2 %, shrinking earlier gains as the yen's losses evaporated.
Tokyo: Asian shares were varied on Tuesday with Tokyo posting gains on
a poor yen while other bourses showed caution trade with tension on the Korean peninsula a factor.
The Nikkei 225 rise by 0.44% as the yen
weakened slightly against the dollar after trading at a five-month lower in the
last session. Major Japanese bank stocks were high by more than 2% across the
board. Nomura Holdings led gains in the sector and was upward by 2.22%.
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