Friday, 28 April 2017

Reuters Before the Bell: April 28, 2017

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Friday, April 28, 2017
Honda forecasts lower operating profit in 2017/18
TOKYO (Reuters) - Honda Motor Co forecast on Friday a 16.1 percent fall in operating profit for the current financial year as the Japanese automaker expects a stronger yen, changes to its pension plan and research and development costs will weigh on earnings even as auto sales rise.
Profit-taking trips up Asian stocks, Korean won slips on Trump trade threat
SINGAPORE (Reuters) - Asian stocks slipped on Friday as investors took profits after a strong week, while the Korean won weakened after U.S. President Donald Trump said he would renegotiate or terminate a trade deal with South Korea.
Tech firms race to spot video violence
SINAGPORE (Reuters) - Companies from Singapore to Finland are racing to improve artificial intelligence so software can automatically spot and block videos of grisly murders and mayhem before they go viral on social media.
Next battleground: An aging Great Lakes pipeline stirs new protest
CALGARY, Alberta (Reuters) - The growing protest movement against U.S. oil and gas pipelines has so far focused on stopping or delaying new construction, with some high-profile successes.
U.S. refiners bet on strong exports to balance market
NEW YORK (Reuters) - U.S. refiners have come out of maintenance season betting that big exports to Mexico and South America will help alleviate high product inventories and boost margins as the critical summer driving season nears.
Top Foxconn executives visit White House, but mum on details
TAIPEI (Reuters) - Top executives of Foxconn, including founder and chairman Terry Gou, visited the White House on Thursday, Taiwanese TV footage showed, as the Apple Inc supplier ponders a $7 billion-plus U.S. investment in a display-making plant.
Investors, South Korean tech suppliers brush off North Korea threat
NEW YORK/SAN FRANCISCO (Reuters) - Growing tensions with North Korea should worry global electronics firms such as Apple Inc as they source key parts from South Korea, but investors are brushing off such concerns and snapping up shares in key exporters, heartened by robust earnings and big investment plans.
Oil rises on potential OPEC cut extension, but still faces second weekly loss
SINGAPORE (Reuters) - Oil prices rose on Friday but were still on track for a second straight weekly loss on concerns that an OPEC-led production cut has failed to significantly tighten an oversupplied market.
Frugal U.S. consumers seen holding back first-quarter GDP
WASHINGTON (Reuters) - The U.S. economy likely hit a soft patch in the first quarter as an unseasonably warm winter and rising inflation weighed on consumer spending, in a potential setback to President Donald Trump's promise to boost growth.
Congress readies votes Friday on bill to avert government shutdown
WASHINGTON (Reuters) - The U.S. Congress is set to debate legislation that would extend until May 5 the deadline for a deal on federal spending through September and head off a feared government shutdown at midnight on Friday.
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