Reuters Business Today: April 17, 2017

Click to View in Browser Monday, April 17, 2017 Wall Street opens higher as tech, bank stocks gain (Reuters) - Wall Street opened slightly higher on Monday, rising for the first time in four days, helped by gains in technology and financial stocks. The long, rough ride ahead for 'Made in America' RUSTON, Louisiana (Reuters) - Mini motorcycle and go-kart maker Monster Moto made a big bet on U.S. manufacturing by moving assembly to this Louisiana town in 2016 from China. Steel, stimulus drive China's strongest economic growth since 2015 BEIJING (Reuters) - China's economy grew faster than expected in the first quarter as higher government infrastructure spending and a gravity-defying property boom helped boost industrial output by the most in over two years. Stocks, dollar under pressure after soft U.S. data TOKYO (Reuters) - Shares and the U.S. dollar dipped on Monday while U.S. bond yields slumped to five-month lows after soft U.S. economic data hurt investor sentiment already frayed by worries over North Korea and coming French elections. Undaunted by oil bust, financiers pour billions into U.S. shale HOUSTON (Reuters) - Investors who took a hit last year when dozens of U.S. shale producers filed for bankruptcy are already making big new bets on the industry's resurgence. China's Ant hikes MoneyGram bid by more a third, beats rival U.S. offer BEIJING (Reuters) - China's Ant Financial has sweetened its bid for MoneyGram International Inc by over a third, beating a rival offer to gain approval from the U.S. electronic payment firm's board, although it still faces regulatory hurdles. Oil slides as U.S. pumps more, but OPEC and North Korea loom LONDON (Reuters) - Crude oil slid lower on Monday on signs that the United States is continuing to add output, largely counteracting strong economic growth in China and OPEC efforts to cut production. Daewoo Shipbuilding bondholders accept bailout plan after pension fund's agreement SEOUL (Reuters) - South Korea's Daewoo Shipbuilding & Marine Engineering Co Ltd on Monday won near unanimous approval for a debt-to-equity swap plan in the first two of five bondholder meetings, as the world's largest shipbuilder battles to stay afloat. Blackstone to buy EagleClaw Midstream for about $2 billion (Reuters) - EagleClaw Midstream Ventures LLC, the largest privately held operator of pipelines and processing facilities in West Texas' Delaware Basin, said it agreed to be bought by funds managed by Blackstone Group LP for about $2 billion. Wells Fargo's banking agreement with Nevada extended (Reuters) - Wells Fargo & Co said on Monday the State of Nevada had extended its banking agreement with the scandal-hit lender until 2021. Related Video FDA rejects Eli Lilly's arthritis drug Breakingviews TV: Grabbing MoneyGram Counterparties is a curated snapshot of the best finance news and commentary around the web. Register Today News you can use with actionable, timely advice for managing your financial life, including retirement, taxes, real estate, education and more. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2017 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook