Australian shares were flat on Tuesday as
investors kept to the sidelines awaiting definitive details on
the trade-deal negotiations between Washington and Beijing amid
a lack of other market-moving catalysts.
Billionaire activist investor Carl Icahn
on Monday urged the U.S. Securities Exchange Commission (SEC) to
rethink a proposed rule change for proxy adviser firms, saying
it would make activist investing "even more difficult and
expensive to practice."
Chinese private firms are
shunning the United States in their overseas expansion, and
generally prefer a home listing to a U.S. initial public
offering (IPO), a private survey showed on Tuesday, highlighting
the trade war's impact on executive decision-making.
Callon Petroleum Co shareholder
Paulson & Co said on Monday it would now not oppose the U.S.
shale producer's purchase of smaller rival Carrizo Oil & Gas Inc
, after the company last week sharply cut its offer.
Britain's opposition Labour Party
will on Tuesday take aim at "obscene" billionaires, pledging a
radical redistribution of wealth to cut the power of the super
rich who it says bankroll Prime Minister Boris Johnson in return
for tax breaks.
A University of Miami professor who
studied drug trafficking and organized crime in Latin America
was arrested on charges he helped launder funds embezzled from
Venezuela into the United States, U.S. prosecutors said on
Australian shares were set to open flat
on Tuesday with investors expected to exercise caution ahead of
the release of the central bank meeting minutes later in the
Australia's central bank held interest rates steady earlier
this month while leaving the door ajar...