Reuters Business Today: April 19, 2017

Click to View in Browser Wednesday, April 19, 2017 Futures rise as earnings take center stage (Reuters) - U.S. stock index futures rose on Wednesday, giving investors a reprieve a day after Wall Street lost its footing following weak results from some corporate heavyweights. Trump 'absolutely not' trying to talk down dollar: Mnuchin LONDON (Reuters) - U.S. President Donald Trump is "absolutely not" trying to talk down the strength of the dollar, Treasury Secretary Steven Mnuchin was quoted as saying in the Financial Times on Wednesday. Barkindo says OPEC, non-OPEC committed to restore market stability ABU DHABI (Reuters) - OPEC Secretary-General Mohammad Barkindo said on Wednesday that all oil producers taking part in a supply-cut pact are committed to bringing global inventories down to the industry's five year average and restoring stability to the market. Morgan Stanley's quarterly profit surges on trading gains (Reuters) - Morgan Stanley reported a 74 percent jump in quarterly profit on Wednesday, topping analysts' estimates as revenue from bond trading nearly doubled following interest rate hikes by the Federal Reserve. Boom in index funds and ETFs lifts BlackRock profit NEW YORK (Reuters) - BlackRock Inc , the world's biggest asset manager, on Wednesday reported a 31 percent rise in quarterly profit as investors continued to plow money into its index-tracking funds. Abbott sales, profit propped up by St. Jude acquisition (Reuters) - Diversified healthcare company Abbott Laboratories reported higher-than-expected quarterly sales and profit on Wednesday, driven by its $25 billion acquisition of St. Jude Medical. Imagination likely to see Apple royalties slashed, then end: UBS FRANKFURT (Reuters) - Apple Inc is likely to pay graphics chip designer Imagination Technologies just one third of its current royalty rate as the smartphone giant wind downs their supply deal over the next two years, UBS estimated on Wednesday. Exclusive: China gathers state-led consortium for Aramco IPO - sources HONG KONG/RIYADH/DUBAI (Reuters) - China is creating a consortium, including state-owned oil giants and banks and its sovereign wealth fund, that will act as a cornerstone investor in the initial public offering of Saudi Aramco, people with knowledge of the discussions told Reuters. China says trademarks registered equally as Ivanka Trump gets more approved BEIJING (Reuters) - China's Foreign Ministry said on Wednesday the government equally handles applications to register trademarks, following a report that the company of the daughter of U.S. President Donald Trump has had new trademarks approved in China. China EV makers to take on Tesla's Model 3 through price, local manufacture SHANGHAI (Reuters) - It's not due to arrive in China until next year, but already Chinese-funded, smart, connected plug-in car start-ups are scrambling to launch cars to go head-to-head against Tesla Inc's "mass market" Model 3 sedan. Related Video Burberry sales growth slows as US, Asia weigh Why Hungary's mortgage market is taking off 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