Monday, 29 May 2017

🔔 Reuters Before the Bell: May 29, 2017

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Monday, May 29, 2017
British Airways battles third day of disruption, image blow after IT meltdown
LONDON (Reuters) - British Airways was battling its third day of disruption on Monday after a global computer system failure stranded thousands of passengers over a holiday weekend and turned into a public relations disaster.
British Airways CEO says outsourcing not to blame for IT failure
LONDON (Reuters) - A global computer system failure that stranded thousands of British Airways passengers over the weekend was not due to the outsourcing of staff from Britain, the airline's chief executive said on Monday.
Russia squares up to Boeing, Airbus with maiden jet flight
MOSCOW (Reuters) - Russia carried out the maiden flight of its new MS-21 medium-range passenger plane on Sunday, its first post-Soviet foray into production of a mainline commercial aircraft which it hopes will rival those of its Western competitors.
Japan Tobacco plans to quadruple smokeless tobacco output capacity by 2018: CEO
TOKYO (Reuters) - Japan Tobacco Inc plans to spend $500 million to quadruple its smokeless tobacco production capacity by the end of 2018, as it races against bigger rival Philip Morris for a larger share of the Japanese vaping products market.
BMW says shortage of parts from Bosch hampers production
FRANKFURT (Reuters) - German carmaker BMW said a shortage of steering gears supplied by Robert Bosch [ROBG.UL] slowed production of its 1 series, 2 series, 3 series and 4 series BMW models and caused stoppages at its plants in South Africa and China.
Italian bank worries leak into second week
LONDON (Reuters) - Concerns over Italy's banks and Britain's national election campaign dominated holiday-thinned European financial markets on Monday, prodding stock markets lower after Asian share indices fell back off 2-year highs.
China's slam dunk 'sharing economy' booms, but can it last?
BEIJING (Reuters) - Fancy shooting some hoops, but don't have a basketball? Caught in the rain with no umbrella? Smartphone run out of juice?
Sterling steadies after opinion poll pummeling
LONDON (Reuters) - Britain's pound was the only substantive mover among major currencies on Monday, recovering some ground after weekend polls showed Prime Minister Theresa May is set to win next week's elections even if the scale of victory is in question.
As Fed raises rates, aim is not to roil markets, Williams says
(Reuters) - The U.S. economy is at or near the Federal Reserve's goals of full employment and stable prices, San Francisco Fed President John Williams said, adding that the U.S. central bank wants to make sure markets stay calm as it slowly returns interest-rate policy to normal.
Fed's Williams says medium-term inflation trend 'pretty favorable'
SINGAPORE (Reuters) - San Francisco Federal Reserve President John Williams said on Monday that medium-term trends in inflation remain "pretty favorable," despite some recent soft U.S. consumer price data.
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