Markets

A federal judge on Tuesday approved Daimler AG's US$1.5 billion settlement to resolve a U.S. government probe into the German automaker's use of undisclosed software that allowed excess diesel pollution to be emitted by 250,000 of its vehicles in the United States.

The U.S. House of Representatives will take up the Biden administration's US$1.9 trillion COVID-19 relief bill on Wednesday, officials said on Tuesday, with the chamber's expected approval enabling the Democratic president to sign the legislation into law later this week.

Investors are estimated to have made billions of dollars from their bearish bets on Tesla and big tech stocks in the recent knee-jerk selloff triggered by a jump in U.S. Treasury yields, data from financial analytics firm Ortex showed on Tuesday.

Hong Kong-listed China Telecom Corp, the state-owned wireless carrier blacklisted by Washington, said on Tuesday it plans to sell shares in Shanghai to broaden its financing channels.

A U.S. judge on Tuesday approved Daimler AG's US$1.5 billion settlement to resolve a U.S. government probe into diesel pollution from 250,000 vehicles.

Chevron Corp said on Tuesday it would keep project spending muted at around US$14 billion through mid-decade and raised its climate goals, even as it took a different tack from major rivals by keeping its oil and gas production growing.

South Korea's Coupang Inc, which is backed by SoftBank Group Corp, is seeking a valuation of more than US$58 billion in its U.S. stock market debut, after the e-commerce giant raised the price range for its offering on Tuesday.

Kia Motors Corp said it will recall nearly 380,000 Sportage and Cadenza vehicles because an electrical circuit could cause a fire in the engine compartment.

REUTERS: Major U.S. stock indexes were headed for a higher open on Tuesday with the Nasdaq set to rebound after a steep selloff in the previous session, as U.S. bond yields retreated and investors scooped up beaten-down technology stocks. Tesla Inc advanced about 6per cent, while Apple Inc ......

For money managers and advisers keen to market their sustainable investing credentials to European clients, going green is about to get a lot tougher.