Bhinneka News Online: Reuters Before the Bell: April 18, 2017

Tuesday, 18 April 2017

Reuters Before the Bell: April 18, 2017

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Tuesday, April 18, 2017

Credit Suisse struggles to quell pay revolt even after bonus cut

ZURICH (Reuters) - Credit Suisse on Tuesday struggled to extinguish shareholder unrest over payouts to senior executives, even after top management offered to cut their bonuses by 40 percent and its board of directors said it would freeze its pay.

Oil prices fall on expected surge in U.S. shale output

LONDON (Reuters) - Oil prices fell on Tuesday on news that U.S. shale oil output was expected to post the biggest monthly rise in more than two years, fuelling concerns that U.S. production growth is undermining OPEC-led efforts to rein in oversupply.

Pence kicks off Japan talks, both sides seek 'near term' results

TOKYO (Reuters) - U.S. Vice President Mike Pence on Tuesday kicked off talks with Japan that the White House hopes will open doors for U.S. goods and attract infrastructure investment, putting Tokyo on notice that Washington wants results soon.

Japan, U.S. did not discuss currencies in economic talks: government official

TOKYO (Reuters) - Japanese Deputy Prime Minister Taro Aso and U.S. Vice President Mike Pence did not discuss currencies in the first round of a bilateral economic dialogue, a senior government official said.

Stocks dip as North Korea, France keep investors on edge

LONDON (Reuters) - European shares fell and the dollar dipped against the yen on Tuesday as tensions over North Korea and the coming weekend's knife-edge presidential election in France kept investors nervous.

FGL terminates takeover deal by Chinese insurer Anbang

SHANGHAI - U.S. annuities and life insurer Fidelity & Guaranty Life (FGL) said on Tuesday it has terminated its agreement to be acquired by Anbang Insurance Group Co Ltd [ANBANG.UL], becoming the latest deal involving the Chinese insurer to have fallen through in recent years.

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.

Banned at sea: Venezuela's crude-stained oil tankers

HOUSTON/PUNTO FIJO, Venezuela (Reuters) - In the scorching heat of the Caribbean Sea, workers in scuba suits scrub crude oil by hand from the hull of the Caspian Galaxy, a tanker so filthy it can't set sail in international waters.

Despite alliance, Russian shipper holds Venezuela oil hostage over debts

ST. EUSTATIUS/HOUSTON (Reuters) - Venezuela's state-run oil company, PDVSA, sent a tanker in October to the Caribbean with the expectation that its cargo of crude would fetch about $20 million - money the crisis-stricken nation desperately needs.

U.S. business group urges Washington to 'use every arrow' against China

BEIJING (Reuters) - The United States should "use every arrow" in its quiver to ensure a level commercial playing field in China, a U.S. business lobby said on Tuesday, warning that 2017 could be the toughest year in decades for American firms in the country.