Friday, 10 March 2017

Reuters Before the Bell: March 10, 2017

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Friday, March 10, 2017
Tesla's Elon Musk offers to solve power crisis in South Australia
MELBOURNE (Reuters) - Tesla Inc boss Elon Musk on Friday offered to save Australia's most renewable-energy dependent state from blackouts by installing 100 megawatt hours worth of battery storage, valued at $25 million, within 100 days of signing a contract.
Japan bats away U.S. complaint on autos
TOKYO (Reuters) - Japan rejected U.S. demands for more access to Japan's car market on Friday, casting doubt over whether it can avoid friction over autos and agriculture imports at high level bilateral talks on economic relations next month.
U.S. job growth seen strong in February; wages to rebound
WASHINGTON (Reuters) - U.S. employers likely maintained a brisk pace of hiring in February and boosted wages for workers, which is expected to give the Federal Reserve the green light to raise interest rates next week despite slowing economic growth.
Asia stocks firm ahead of U.S. jobs, dollar hits seven-week high vs yen
TOKYO (Reuters) - Asian stocks edged up and the dollar rose to seven-week highs versus the yen on Friday, ahead of the closely-watched U.S. non-farm payrolls report due later in the day.
Merrill Lynch may keep commission-based retirement accounts: source
(Reuters) - Merrill Lynch, a unit of Bank of America Corp, may not entirely do away with its commission-based retirement accounts, after Trump ordered the Labor Department last month to delay the proposed retirement-savings rule.
Toshiba's Westinghouse should decide on Chapter 11 by end-March: Japan Finance Minister
TOKYO (Reuters) - Toshiba Corp's Westinghouse unit needs to decide by the end of the month whether to file for Chapter 11 bankruptcy so the Japanese conglomerate can compile audited third-quarter earnings without further delays, Japan's Finance Minister said on Friday.
Order for Venezuela to pay Exxon $1.4 billion in damages overturned: lawyer
CARACAS (Reuters) - A World Bank tribunal's order for Venezuela to pay $1.4 billion in damages to Exxon Mobil Corp over nationalizations has been annulled, a lawyer for the Venezuelan government said on Thursday.
Starbucks CEO's refugee comments sour customer views of chain: survey
LOS ANGELES (Reuters) - Starbucks Corp's vow to hire thousands of refugees after President Donald Trump's first executive order that temporarily banned travel from seven mostly-Muslim nations appears to be hurting customer sentiment of the coffee chain.
U.S. shale plots production growth despite OPEC's warning
HOUSTON (Reuters) - U.S. shale oil producers are plotting ambitious production growth outside the red-hot Permian Basin in Texas, widening a resurgence that could confound OPEC's strategy to tighten global supplies.
American Air lowers key revenue guidance, sending shares down
NEW YORK (Reuters) - American Airlines Group Inc on Thursday became the second major U.S. airline this week to lower guidance on a closely watched revenue metric, sending shares of several major carriers lower.
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