Thursday, 27 April 2017

Reuters Before the Bell: April 27, 2017

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Thursday, April 27, 2017
Oil prices fall on oversupply
LONDON (Reuters) - Oil prices fell on Thursday, weighed down by oversupply, but losses were limited by expectations that major exporters would agree to extend production cuts to try to rebalance the market.
Trump tax cut caution, ECB meeting cools risk rally
LONDON (Reuters) - A record-setting rally in world stocks ran out of steam on Thursday, with unconvincing U.S. tax cut plans cooling investors' spirits and caution setting in as the European Central Bank met.
Investors eye Elliott's Plan B as BHP shake-up push falters
LONDON/SYDNEY (Reuters) - Two weeks after Elliott Management's surprise assault on BHP Billiton, the fund manager's three-point demand for change is gaining little traction with investors, prompting expectations a second strike is imminent.
Trump tells Canada, Mexico, he won't terminate NAFTA treaty yet: White House
WASHINGTON (Reuters) - U.S. President Donald Trump told the leaders of Canada and Mexico on Wednesday that he will not terminate the NAFTA treaty at this stage, but will move quickly to begin renegotiating it with them, a White House statement said.
Empty Pearl River Delta branches a check on HSBC's China plan
DONGGUAN, China/LONDON/HONG KONG (Reuters) - In the digital age, footfall in bricks-and-mortar outlets is an incomplete measure of business activity, but HSBC's empty branches in the Pearl River Delta (PRD) suggest it's not all plain sailing for the bank's expansion in mainland China.
China, Europe pledge closer aviation ties ahead of landmark jet launch
SHANGHAI (Reuters) - Chinese and European aviation regulators said on Thursday they will forge closer ties over aircraft manufacturing and certification as the global industry turns its eyes to China ahead of the maiden flight of the Chinese-built C919 jet.
Trump's plan to slash business taxes seen as 'guidepost' by congressional Republicans
WASHINGTON (Reuters) - President Donald Trump unveiled a one-page plan on Wednesday proposing deep U.S. tax cuts, many for businesses, that would make the federal deficit balloon if enacted, drawing a cautious welcome from fiscal conservatives and financial markets.
United Airlines CEO answers lawmakers on passenger dragging incident
(Reuters) - United Airlines Chief Executive Oscar Munoz said less than one passenger was involuntarily denied boarding per 23,000 on an average last year, responding to questions from lawmakers regarding the rough removal of a passenger from one of its flights.
Samsung Elec flags stronger second quarter; Elliott welcomes share cancellation
SEOUL (Reuters) - Samsung Electronics Co Ltd on Thursday flagged stronger earnings and announced a cancellation of treasury shares after posting a solid first-quarter profit boosted by the memory chip business, sending its shares to a new high.
United to offer passengers up to $10,000 to surrender seats
NEW YORK (Reuters) - United Airlines said on Thursday it would offer passengers who volunteer to forfeit their seats on overbooked flights up to $10,000 as part of the carrier's efforts to repair the damage from the rough removal of a passenger.
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