Bhinneka News Online: Reuters Before the Bell: April 20, 2017

Thursday, 20 April 2017

Reuters Before the Bell: April 20, 2017

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Thursday, April 20, 2017

Verizon reports 20 percent decline in quarterly profit

(Reuters) - Verizon Communications Inc on Thursday reported quarterly results that missed estimates and said it lost subscribers who pay a monthly bill despite the No. 1 U.S. wireless carrier's re-launch of unlimited data plans.

Pence tours Southeast Asia's biggest mosque, talks trade in Indonesia

JAKARTA (Reuters) - U.S. Vice President Mike Pence toured Southeast Asia's largest mosque on Thursday during a visit to Indonesia, calling the Muslim-majority nation's tradition of following a moderate form of Islam "an inspiration to the world".

Global stocks struggle as French elections loom

LONDON (Reuters) - World stocks eked out small gains in choppy trading on Thursday as investors resisted risky bets ahead of the first round of the French presidential election over the weekend.

Oil prices regain some ground, but oversupply weighs

LONDON (Reuters) - Oil prices regained some ground on Thursday, after steep losses in the previous session, as leading Gulf oil producers signaled a likely extension of OPEC-led supply cuts beyond the middle of the year.

Futures higher on optimism around earnings

(Reuters) - U.S. stock index futures were higher on Thursday, with the earnings season getting off to a strong start and oil prices rebounding after steep losses a day earlier.

Adidas CEO says fat China margins to stabilize as thin U.S. margins grow

SHANGHAI (Reuters) - German sports apparel brand adidas AG expects its huge operating margin in China to shrink slightly in the long term, while its small U.S. margin grows markedly in the near term, its new chief executive officer said on Thursday.

Pernod rides U.S and China growth, cautions on India highway ban

PARIS (Reuters) - Pernod Ricard's third quarter sales beat forecasts on Thursday, lifting its shares, but the French spirits group cautioned that a ban on alcohol sales near Indian highways would slow growth in its second-largest market.

U.S. House banking chairman unveils Dodd-Frank replacement

WASHINGTON (Reuters) - The head of the U.S. House of Representatives' banking panel has unveiled the Republicans' most ambitious plan so far to loosen financial regulations, a 600-page bill to replace the Dodd-Frank financial reform law.

Saudi Arabia, Kuwait signal likely extension of oil supply cuts

ABU DHABI (Reuters) - Leading Gulf oil producers Saudi Arabia and Kuwait gave the clearest signal yet that OPEC plans to extend into the second half of the year a deal with non-OPEC producers to curb oil supplies.

Hybrid blues: China policies force Toyota into electric U-turn

SHANGHAI (Reuters) - The automotive industry's seemingly inexorable drive towards electric cars - and especially Chinese polices pushing new energy vehicles - has forced Toyota Motor Corp , the world's No.2 automaker by sales, into what one executive calls an "agonizing" strategy U-turn.