Tuesday, 11 April 2017

Reuters Before the Bell: April 11, 2017

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Tuesday, April 11, 2017
Futures flat as geopolitical concerns boost safe-haven bids
(Reuters) - U.S. stock index futures were little changed on Tuesday as investors preferred to play safe amid rising geopolitical tensions in Syria and North Korea and ahead of the start of first-quarter earnings season later this week.
Telecoms and cable group Altice kicks off IPO process for U.S. arm
PARIS (Reuters) - Altice , the telecoms and cable holding company owned by billionaire Patrick Drahi, kicked off on Tuesday the formal process for the initial public offering (IPO) of its U.S. activities in New York.
Toshiba files earnings without auditor endorsement, delisting risk rises
TOKYO (Reuters) - Japan's Toshiba Corp filed twice-delayed business results on Tuesday without an endorsement from its auditor, increasing the likelihood that the nuclear-to-TVs conglomerate will be delisted.
Apple may ditch Dialog, analyst says, hitting chipmaker's shares
FRANKFURT (Reuters) - Dialog Semiconductor risks losing a crucial supply deal with Apple Inc , according to a financial analyst who cut his rating on the stock on Tuesday, sending the Anglo-German chipmaker's shares down by as much as one-third.
Diversify or die: China's independent oil refiners adapt to new challenges
BEIJING (Reuters) - Cut off from lucrative fuel export markets and seeing their margins squeezed by new taxes, China's independent oil refiners are branching out into new sectors from clean energy and lumber as well as expanding their trading to overcome the challenges.
China's LeEco abandons $2 billion deal to buy U.S. TV maker Vizio
(Reuters) - LeEco has scrapped a planned $2 billion acquisition of U.S. consumer electronics company Vizio due to regulatory issues, a fresh setback to the cash-strapped Chinese conglomerate's expansion drive.
Investors play safe as Syria, North Korea tensions rise
LONDON (Reuters) - Nervous investors turned to the safety of gold, government bonds and the yen on Tuesday as concerns mounted about possible U.S. military strikes in the Middle East and the Korean Peninsula.
China first-quarter auto sales strongest since 2014 despite tax cut rollback
BEIJING (Reuters) - China auto sales grew 7 percent in the first quarter, China's automakers' association said on Tuesday, with the strongest January-March period since 2014 setting up the world's largest auto market for a better-than-expected year.
Oil eases from five-week top, rising U.S. production weighs
SINGAPORE (Reuters) - Crude oil eased from a five-week high on Tuesday as rising U.S. shale oil production offset concerns over geopolitical tensions in the Middle East and output cuts being made to support prices.
Bombardier board approves proposal to cut chairman's pay
(Reuters) - Bombardier Inc said its board of directors approved a proposal to slash Executive Chairman Pierre Beaudoin's pay by $1.4 million, bringing his 2016 compensation to $3.8 million, equal to his remuneration for 2015.
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