Friday, 24 March 2017

Reuters Before the Bell: March 24, 2017

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Friday, March 24, 2017
Exclusive: HSBC to boost China staff by up to 1,000 in 2017, mostly in Pearl River Delta
HONG KONG (Reuters) - HSBC plans to add as many as 1,000 new employees to its Chinese retail banking and wealth management arm this year, the business's regional head said, most of them in the Pearl River Delta, the heart of the bank's growth strategy in China.
Oil edges up as Saudis cut supplies to U.S., but global glut remains
SINGAPORE (Reuters) - Oil prices edged up on Friday, supported by a fall in Saudi exports to the United States, but overall markets remained under pressure on the back of a world market awash with fuel.
Samsung Elec rejects calls for holding company structure, for now
SEOUL (Reuters) - Samsung Electronics Co Ltd on Friday said it will not adopt a holding company structure for now, rejecting demands from U.S. activist hedge fund Elliott Management and putting off a long-anticipated restructuring.
Dollar, stocks inch up as U.S. healthcare vote back on
SYDNEY (Reuters) - The dollar recouped a little lost ground on Friday amid signs a delayed vote on President Donald Trump's healthcare bill would go ahead later in the day, though it remained unclear whether it would pass.
All drill, no frack: U.S. shale leaves thousands of wells unfinished
NEW YORK (Reuters) - U.S. shale producers are drilling at the highest rate in 18 months but have left a record number of wells unfinished in the largest oilfield in the country – a sign that output may not rise as swiftly as drilling activity would indicate.
How a border tax could divide Boeing and its suppliers
SEATTLE (Reuters) - A U.S. tax overhaul proposed by Republican leaders in Congress would deepen divisions between big manufacturers like Boeing Co and the thousands of smaller companies that supply them, according to suppliers and tax and trade experts.
YouTube's bid to grab TV dollars imperiled by advertiser revolt
(Reuters) - The decision by a handful of high-profile consumer brands to pull advertising from Google's YouTube over offensive content could threaten the site's long-term strategy of stealing ad dollars from television, analysts and ad industry professionals said Thursday.
China's Chery files trademark complaint against Mercedes over green car brand
BEIJING (Reuters) - Chinese automaker Chery Automobile Co Ltd [CHERY.UL] has filed a complaint with the country's trademark regulator over Mercedes-Benz's use of the "EQ" name for a line of green-energy vehicles, throwing up a potential road block for the Daimler AG unit in the world's largest electric car market.
Samsung Electronics says it did not provide any illegal financial support
SEOUL (Reuters) - Tech giant Samsung Electronics Co Ltd , one of several South Korean companies caught up in a political influence-peddling scandal, said on Friday it did not provide any illegal financial support.
Twitter explores subscription-based option for first time
SAN FRANCISCO (Reuters) - Twitter Inc is considering whether to build a premium version of its popular Tweetdeck interface aimed at professionals, the company said on Thursday, raising the possibility that it could collect subscription fees from some users for the first time.
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