Monday, 27 March 2017

Reuters Before the Bell: March 27, 2017

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Monday, March 27, 2017
Stocks stumble on U.S. policy woes; Trumpflation trades suffer
HONG KONG (Reuters) - U.S. stock futures and the dollar fell on Monday while Asian markets struggled as President Donald Trump's failure on healthcare reform raised questions about his ability to push through tax cuts and fiscal spending to boost the economy.
Exclusive: Shell and Anadarko mull clean break from Permian venture - executive
LONDON/HOUSTON (Reuters) - Royal Dutch Shell Plc and Anadarko Petroleum Corp may let a 10-year joint venture in the oil-rich Permian Basin of Texas expire and split their properties, hoping to speed up development, according to a senior Shell executive.
Once golden, Robert Rubin's hedge fund proteges lose some luster
BOSTON/NEW YORK (Reuters) - Learning to invest on Goldman Sachs' risk arbitrage desk, made famous by leader Robert Rubin, was once seen as a fast track to fortune. But the band of hedge fund protégés who mastered their trade under the former Wall Street star and U.S. Treasury Secretary have stumbled in recent years.
Honda faces long haul to recoup jet costs
TOKYO (Reuters) - After three decades building an airplane from scratch, Michimasa Fujino, 56, chief engineer of the Hondajet, might have to reach a ripe old age to see Honda Motor Co's pet aviation project recoup its development costs.
Citigroup aims to double South Korea wealth assets by 2020
HONG KONG (Reuters) - Citigroup Inc plans to double its wealth management assets in South Korea to around $6 billion by 2020, setting up new offices and investing in digital technology to attract new customers.
Hyundai suspends China plant for a week amid political spat: report
SEOUL (Reuters) - South Korea's Hyundai Motor has suspended production at one of its Chinese factories for a week, a media report said on Sunday, fuelling concern that a diplomatic standoff may be hurting sales in the automaker's top market.
China Southern in talks over American Airlines tie-up
SHANGHAI (Reuters) - China Southern Airlines is in talks over a tie-up with American Airlines that could involve the U.S. carrier taking a stake in the state-owned airline, boosting routes between the world's two largest travel markets.
U.S. equity futures at six-week low after Trump healthcare setback
(Reuters) - U.S. equity index futures fell to a six-week low on Sunday in a sign Wall Street would start the week defensively after Republicans pulled legislation to overhaul the U.S. healthcare system in a stunning setback for President Donald Trump.
Toshiba's Westinghouse may file bankruptcy Tuesday, seeks Kepco aid: Nikkei
TOKYO (Reuters) - Westinghouse Electric Co, the U.S. nuclear unit of Japan's Toshiba Corp , could file for bankruptcy protection as early as Tuesday and is seeking support from South Korea's Korea Electric Power Corp , the Nikkei said on Monday.
Toshiba shares rise after report Westinghouse may file bankruptcy Tuesday
TOKYO (Reuters) - Shares in Toshiba Corp rose on Monday morning after a report that U.S. unit Westinghouse Electric Co could file for bankruptcy protection as early as Tuesday and is seeking support from South Korea's Korea Electric Power Corp .
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