... * HSI +0.4 pct, H-shares +0.4 pct, CSI300 +0.3 pct. * China's 3 largest carriers rise after deal on telecoms-tower firm. * Auto sector strong again as govt encourages 'green' cars.
Photo. Tony West, the Justice Department's lead negotiator in the Citigroup case, used the threat of a lawsuit to raise the bank's offer from $363 million to $7 billion.
The New Zealand dollar may test a post-float record this week with second-quarter inflation figures likely to underline the Reserve Bank's path to higher interest rates, though the currency may struggle to hold those gains.
US stocks managed to score modest gains on Friday, but the S&P 500 posted its biggest weekly drop since April as investors showed only mild enthusiasm after getting their first glimpses of earnings.
Whiting Petroleum Corporation on Sunday said it would buy Kodiak Oil & Gas Corporation for $3.8 billion in stock, and assume $2.2 billion of Kodiak's debt.