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Monday, 13 March 2017

Reuters Before the Bell: March 13, 2017

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Monday, March 13, 2017
Blackstone picks Luxembourg for EU base: Luxembourg official says
LONDON (Reuters) - Private equity firm Blackstone is among a number of financial services companies to have chosen Luxembourg as the site for a European Union subsidiary following Britain's vote to leave the EU, the head of Luxembourg's financial development agency said.
Oil touches three-month lows, as U.S. supply swells
LONDON (Reuters) - Oil hovered around three-month lows on Monday, as rising U.S. inventories and drilling activity offset optimism over OPEC's efforts to restrict crude output.
Intel to buy driverless technology firm Mobileye for $15.3 billion
JERUSALEM (Reuters) - U.S. chip giant Intel has agreed to buy Israeli driverless technology firm Mobileye for $15.3 billion, the largest ever acquisition of an Israeli high-tech company.
HSBC names AIA's Tucker as chairman in break with past
HONG KONG/LONDON (Reuters) - HSBC broke with tradition by choosing outsider Mark Tucker to replace Douglas Flint as chairman later this year, handing the AIA Group boss the task of selecting a new chief executive for Europe's biggest bank in 2018.
Millennial love for Snapchat extends to the stock
NEW YORK (Reuters) - For some millennial investors, loyalty to one of their favorite apps matters more than financial details in the case of Snap Inc .
Russia's standards agency says Volkswagen recalls 43,151 Skoda cars
MOSCOW (Reuters) - Russia's standards agency said on Monday that Volkswagen's Russian operation had informed it about the voluntary recall of 43,151 Skoda cars due to a possible technical fault.
Futures flat as investors prepare for rate hike
(Reuters) - U.S. stock index futures were little changed on Monday as investors braced for an action-packed week headlined by an all-but-certain interest rate hike by the Federal Reserve.
Toshiba seeking to extend Tuesday deadline for third-quarter disclosure: sources
TOKYO (Reuters) - Japan's Toshiba Corp is seeking to extend its Tuesday deadline for submitting official third-quarter earnings due to disagreements with auditors over issues at its U.S. nuclear unit Westinghouse, sources familiar with the matter said.
Captains of German industry to accompany Merkel on Trump trip
FRANKFURT (Reuters) - Bosses of German companies including engineering group Siemens and carmaker BMW will travel with Chancellor Angela Merkel to meet U.S. President Donald Trump this week, sources familiar with the matter told Reuters.
Exclusive: BlackRock vows new pressure on climate, board diversity
BOSTON (Reuters) - BlackRock Inc, which wields outsized clout as the world's largest asset manager, planned on Monday to put new pressure on companies to explain themselves on issues including how climate change could affect their business as well as boardroom diversity.
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