Bhinneka News Online: Reuters Before the Bell: April 17, 2017

Monday, 17 April 2017

Reuters Before the Bell: April 17, 2017

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Monday, April 17, 2017

Oil slides as U.S. pumps more, but OPEC and North Korea loom

LONDON (Reuters) - Crude oil slid lower on Monday on signs that the United States is continuing to add output, largely counteracting strong economic growth in China and OPEC efforts to cut production.

Undaunted by oil bust, financiers pour billions into U.S. shale

HOUSTON (Reuters) - Investors who took a hit last year when dozens of U.S. shale producers filed for bankruptcy are already making big new bets on the industry's resurgence.

Futures dip on soft U.S. data, geopolitical risks

(Reuters) - U.S. stock index futures were slightly lower on Monday as geopolitical concerns and weak economic data weighed on sentiment, while the first-quarter earnings season gathered pace.

The long, rough ride ahead for 'Made in America'

RUSTON, Louisiana (Reuters) - Mini motorcycle and go-kart maker Monster Moto made a big bet on U.S. manufacturing by moving assembly to this Louisiana town in 2016 from China.

Steel, stimulus drive China's strongest economic growth since 2015

BEIJING (Reuters) - China's economy expanded faster than expected in the first quarter as higher government infrastructure spending and a gravity-defying property boom helped boost industrial output by the most in over two years.

China's Ant hikes MoneyGram bid by more a third, beats rival U.S. offer

BEIJING (Reuters) - China's Ant Financial has sweetened its bid for MoneyGram International Inc by over a third, beating a rival offer to gain approval from the U.S. electronic payment firm's board, although it still faces regulatory hurdles.

Stocks, dollar under pressure after soft U.S. data

TOKYO (Reuters) - Shares and the U.S. dollar dipped on Monday while U.S. bond yields slumped to five-month lows after soft U.S. economic data hurt investor sentiment already frayed by worries over North Korea and coming French elections.

China's first-quarter property investment accelerates, defying curbs

BEIJING (Reuters) - Real estate investment in China remained robust in the first quarter from a year earlier, official data showed on Monday, as the pace of new construction quickened, despite intensified government cooling measures.

Daewoo Shipbuilding bondholders accept bailout plan after pension fund's agreement

SEOUL (Reuters) - South Korea's Daewoo Shipbuilding & Marine Engineering Co Ltd on Monday won near unanimous approval for a debt-to-equity swap plan in the first two of five bondholder meetings, as the world's largest shipbuilder battles to stay afloat.

China March steel output climbs to highest on record

BEIJING (Reuters) - China's steel output rose 1.8 percent in March to a monthly record of 72 million tonnes, stoking worries of a glut that continues to grow even as Beijing tries to rein in excess capacity in the bloated sector and demand remains flat.