Vivendi SA investors should be sighing with relief. The French media conglomerate announced that it plans to sell 10% of its Universal Music Group (UMG) record label to a group led by Tencent Holdings Ltd., the Chinese internet giant. The 3 billion euro purchase ($3.4 billion) implies an equity valuation of 30 billion euros for all of UMG, as the music ...

Bloomberg US equity futures were steady on Tuesday and stocks in Europe and Asia advanced as investors attempted to set aside their fears about escalating tensions in the Middle East. Treasuries fluctuated and the euro declined. Markets were roiled before the European open when an Iranian news agency said the country is assessing scenarios for its response to the US ...

Bloomberg Investors are snapping up Chinese financial assets, encouraged by progress on trade and signs that the world’s second-largest economy may be stabilising. Improving confidence helped stoke a 0.5% rally in the yuan on Tuesday, pushing it to its strongest level since early August. The currency punched past the key 6.95-per-dollar level, and traded on the strong side of its ...