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Asian shares slip as downbeat China PMIs revive growth fears

TOKYO - Asian shares fell on Tuesday and the dollar struggled after twin surveys showed China's manufacturing sector in the grip of its worst slump in several years, raising fresh fears about the health of its economy.

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Nerves on edge as Chinese authorities probe market mayhem

BEIJING/LONDON - The head of hedge fund manager Man Group Plc's China business has been taken into custody to help authorities in a probe into recent market volatility, Bloomberg reported on Monday, while separately a local financial reporter confessed on national TV to having spread false information that caused "panic and disorder".

Fiat Chrysler offers $100 debit cards to owners of recalled U.S. vehicles

DETROIT - Fiat Chrysler Automobiles is offering $100 prepaid debit cards to owners of recalled vehicles to help ensure cars and trucks with potential safety defects get repaired, the company said on Monday.

Exclusive: Citi aims to boost equities franchise amid industry shakeout

NEW YORK - Citigroup plans to rebuild its long-neglected equities franchise seeking to capitalize on a retrenchment by rivals in the face of new rules designed to make the financial system less risky, according to people familiar with the bank's plans. | Video

5:31pm EDT

Internet entrepreneurs back Chinese Tesla rival NextEV

FRANKFURT/DETROIT - A group of deep-pocketed China-based internet entrepreneurs and financial investors, including Tencent  and Hillhouse Capital, is backing an effort to create NextEV, a new rival to U.S. electric car maker Tesla Motors Inc .

Tech, China 3:02pm EDT

Venture capital cash surfers may see waves recede in market turmoil

SAN FRANCISCO - The waves of cash surfed relentlessly by some of Silicon Valley's largest venture-backed businesses are showing signs of receding amid concern the companies may already be worth more than their likely valuations once they finally go public.

11:58am EDT

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