Tuesday, 28 March 2017

Reuters Before the Bell: March 28, 2017

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Tuesday, March 28, 2017
Chinese tech giant Tencent takes 5 percent stake in Tesla
(Reuters) - Tesla Inc said on Tuesday that Chinese tech giant Tencent Holdings Ltd has invested $1.78 billion in the electric carmaker for a 5 percent stake.
Dollar steadies as markets look beyond Trump's policy stumble
LONDON (Reuters) - Stocks recovered while the dollar hovered above four-month lows on Tuesday as anxiety over Donald Trump's setback on healthcare reform gave way to tentative hopes for the U.S. president's planned stimulus policies.
Uber to end services in Denmark after less than three years
COPENHAGEN (Reuters) - Ride-hailing group Uber Technologies [UBER.UL] will withdraw services in Denmark next month due to a taxi law that sets out new requirements for drivers such as mandatory fare meters, the company said on Tuesday.
Facebook adds camera features, moving closer to Snapchat
SAN FRANCISCO (Reuters) - Facebook Inc is giving the camera a central place on its smartphone app for the first time, encouraging users to take more pictures and edit them with digital stickers that show the influence of camera-friendly rival Snapchat.
Trump: Ford to announce investments in three Michigan plants
WASHINGTON (Reuters) - U.S. President Donald Trump touted Ford Motor Co's expected announcement on Tuesday about investments and jobs at its U.S. plants, saying the automaker would make a major investment in three Michigan facilities.
RBS raises settlement offer to last claimants over 2008 cash call
LONDON (Reuters) - Royal Bank of Scotland has nudged up an offer to the final investor group seeking damages over a 12 billion pound ($15 billion) emergency cash call in 2008, one source familiar with the situation said on Tuesday.
Akzo Nobel aims to soothe shareholders over PPG rejection
AMSTERDAM (Reuters) - Dutch paints maker Akzo Nobel said it will raise its financial targets and detail plans for its chemicals division next month, as it seeks to win over shareholders and avoid a takeover by U.S. rival PPG Industries .
Amazon clinches deal to buy Middle East online retailer Souq.com
DUBAI (Reuters) - Amazon.com has agreed to buy Middle East online retailer Souq.com, thwarting a last-minute bid by Dubai billionaire Mohamed Alabbar's Emaar Malls .
British bonds buoyed by Brexit risks, but prone to inflation burn
LONDON (Reuters) - Fast-rising inflation and growing talk of tighter monetary policy from the Bank of England may spell the end of a winning streak for British gilts, among the best performers in major government bond markets this year.
Exclusive: Citigroup to seek bids for Asia general insurance distribution deal - source
SINGAPORE (Reuters) - Citigroup Inc will seek bids from global insurers keen to sell general insurance products across the U.S. bank's Asia-Pacific markets, in a deal that could be worth at least $500 million, a source with knowledge of the matter told Reuters.
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