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Stocks up, formal Brexit start casts shadow over sterling

LONDON European shares rose on Wednesday, following Wall Street's late surge, while sterling was the biggest loser on major currency markets ahead of the formal triggering of Britain's exit process from the European Union later in the day.

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Tesla deal boosts Chinese presence in U.S. auto tech

DETROIT China's Tencent Holdings Ltd has bought a 5 percent stake in U.S. electric car maker Tesla Inc for $1.78 billion, the latest investment by a Chinese internet company in the potentially lucrative market for self-driving vehicles and related services.

Tech, Deals, China Mar 28 2017

SK Hynix consortium bids over $9 billion for Toshiba chip unit: Maeil Business

SEOUL A consortium led by South Korea's SK Hynix Inc has offered to pay more than $9 billion for a majority stake in Toshiba Corp's memory chip business, the Maeil Business Newspaper reported on Wednesday citing unnamed sources.

Tech, Deals 3:18am EDT

Hedge fund Elliott says other Akzo shareholders want PPG talks: newspaper

AMSTERDAM Elliott Advisors, the hedge fund with a 3.25 percent stake in Akzo Nobel , says shareholders owning 25 percent of the Dutch paints and coatings maker want it to engage in takeover talks with spurned U.S. suitor PPG Industries , Dutch business newspaper FD said on Wednesday.

2:49am EDT

Halkbank says Turkish government working on issue of executive's U.S. detention

ISTANBUL Shares in Turkish state lender Halkbank plunged as much as 16 percent on Wednesday after U.S. prosecutors charged one of its senior executives with participating in a multi-year scheme to violate U.S. sanctions against Iran.

4:44am EDT

Huge range of sterling forecasts clouds horizon for Brexit talks

(This story first published on March 28, was refiled to amend headline)

4:49am EDT

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