Bhinneka News Online: Reuters Before the Bell: April 19, 2017

Wednesday, 19 April 2017

Reuters Before the Bell: April 19, 2017

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Wednesday, April 19, 2017

Trump 'absolutely not' trying to talk down dollar: Mnuchin

LONDON (Reuters) - U.S. President Donald Trump is "absolutely not" trying to talk down the strength of the dollar, Treasury Secretary Steven Mnuchin was quoted as saying in the Financial Times on Wednesday.

China EV makers to take on Tesla's Model 3 through price, local manufacture

SHANGHAI (Reuters) - It's not due to arrive in China until next year, but already Chinese-funded, smart, connected plug-in car start-ups are scrambling to launch cars to go head-to-head against Tesla Inc's "mass market" Model 3 sedan.

Reflation trades fizzle, sterling holds above $1.28

LONDON (Reuters) - Stocks flatlined and gold fell on Wednesday as investors continued to question the 'reflation' trades that had lifted markets since the election of U.S. president Donald Trump in November, while sterling basked in the glow of a six-month high following Tuesday's surprise news of a snap UK election.

BMW expects China sales growth to be around 10 percent this year

SHANGHAI (Reuters) - BMW Group expects sales in China to grow around 10 percent this year while global sales are likely to climb 5 percent to 5.5 percent, BMW board member for sales and marketing Ian Robertson said at the Shanghai auto show on Wednesday.

Hyundai China JV facing 'severe challenges' in complex political environment: chairman

SHANGHAI (Reuters) - The China joint venture of South Korea's Hyundai Motor Co is facing "severe challenges" due to a complex political, economic and competitive environment, its chairman said on Wednesday, amid a political stand-off between Beijing and Seoul.

Oil stable as OPEC says it is committed to rebalance markets

SINGAPORE (Reuters) - Oil prices were stable on Wednesday as OPEC said it was committed to draw down a global supply overhang that has dogged markets since 2014, although bloated U.S. output and inventories still weighed on crude.

Barkindo says OPEC, non-OPEC committed to restore market stability

ABU DHABI (Reuters) - OPEC Secretary-General Mohammad Barkindo said on Wednesday that all oil producers taking part in a supply-cut pact are committed to bringing global inventories down to the industry's five year average and restoring stability to the market.

China premium car market to grow 50 percent over next decade: Audi CEO

SHANGHAI (Reuters) - China's premium car market will grow by half over the next decade, the chief executive of high-end automaker Audi AG said on Wednesday, citing growing personal wealth and the emergence of flourishing private enterprises as key drivers.

Ford taking cautious approach to China electric vehicle market

SHANGHAI (Reuters) - Ford Motor Co is taking a cautious approach to producing electric and plug-in hybrid vehicles for the Chinese market, citing uncertainty about consumer interest and government policy, despite a rush by carmakers to jump into the sector.

Kia Motors executive says to announce India car factory 'soon'

SEOUL (Reuters) - South Korean carmaker Kia Motors Corp will announce a plan for its first factory in India "soon", vice chairman Lee Hyong-keun told reporters on Wednesday.