Monday, 3 April 2017

Reuters Before the Bell: April 3, 2017

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Monday, April 3, 2017
Burberry licenses beauty business to Coty in new drive to expand
LONDON (Reuters) - British luxury brand Burberry said on Monday it would license its fragrances and cosmetics to Coty in a deal totaling $225 million that will help it develop new products and benefit from the U.S. group's distribution.
Second quarter off to a firm start for stocks as Trump-Xi meeting looms
LONDON (Reuters) - World stock markets and the U.S. dollar started the second quarter on a positive note on Monday, although caution also set in as the first meeting between U.S. President Donald Trump and China's Xi Jinping loomed.
Manufacturing growth caps strong first quarter, led by China
LONDON/HONG KONG (Reuters) - Factories across Europe and much of Asia posted another month of solid growth in March, rounding off a strong quarter for manufacturers, even though exporters fear a rise in U.S. protectionism could snuff out a global trade recovery.
Hyundai flags weaker China sales after missile row; Kia's March China sales halved: source
SEOUL (Reuters) - South Korea's Hyundai Motor Co and Kia Motors Corp on Monday said "weaker sales in China" likely dragged down overseas sales in March, when a diplomatic row over a missile system led to a rise in anti-Korean sentiment.
Imagination Tech shares plunge as Apple abandons the firm
LONDON (Reuters) - Shares in Imagination Tech crashed more than 70 percent on Monday after the British company said its biggest customer, Apple , would stop using its graphics technology in iPhones, iPads and Apple Watches.
Caterpillar shuts plant in Aurora, Illinois, that employs 800
(Reuters) - Caterpillar Inc said on Friday it will shut its Aurora, Illinois, plant, costing about 800 employees their jobs as the world's largest construction and mining equipment maker shifts production to other U.S. facilities.
RBS rising from ruins as shadow of former self
LONDON (Reuters) - Nine years after the beginning of a 45-billion-pound ($56 billion) bailout by the British government, Royal Bank of Scotland is emerging from its restructuring process a shadow of what was once the biggest lender in the world.
German court rebuffs VW complaint over prosecutors' searches
MUNICH (Reuters) - A German court has rebuffed Volkswagen's attempt to prevent prosecutors from using information seized during searches of the law firm which the carmaker had hired to investigate its emissions scandal.
Linde chairman ready to use casting vote for Praxair merger: FT
FRANKFURT (Reuters) - The chairman of German industrial gases group Linde is prepared to use his casting vote to push through a $65 billion merger with U.S. rival Praxair in the face of worker opposition, he told the Financial Times.
Etihad Airways says bookings to U.S. healthy despite laptop ban
DUBAI (Reuters) - Etihad Airways' bookings to the United States are healthy despite last month's introduction of a ban on most electronics from the cabins of passenger flights to the United States, the Abu Dhabi carrier said on Monday.
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