European equities rose on Wednesday while stocks in Asia were buoyed by Chinese ecommerce giant Alibaba’s plans to splinter into six business units following years of pressure from domestic regulators.
Europe’s region-wide Stoxx 600 index added 0.6 per cent in early trading, with shares in UBS up 2 per cent after the bank said it would bring back Sergio Ermotti as chief executive to steer its takeover of Credit Suisse. Europe’s Stoxx 600 Banks index gained 1 per cent.
London’s…
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