🔔 Reuters Before the Bell: May 31, 2017

Click to View in Browser Wednesday, May 31, 2017 Michael Kors gives weak forecast, to shut some stores (Reuters) - Michael Kors Holdings Ltd gave a bleak full-year forecast and said it would shut more than 100 full-price retail stores in the next two years as the luxury fashion retailer struggles to turn around its brand. Venezuelan opposition condemns Goldman for $2.8 billion bond deal CARACAS/NEW YORK (Reuters/IFR) - Goldman Sachs Group Inc's statement that it never transacted directly with the government of Venezuelan President Nicolas Maduro when it bought $2.8 billion of bonds for pennies on the dollar was dismissed by the country's opposition on Tuesday as an effort to "put lipstick on this pig." 'Green' mutual funds bounce back after Trump-induced retreat BOSTON (Reuters) - After U.S. President Donald Trump's election last November, investors pulled nearly $68 million from so-called "green" mutual funds, reflecting fear that his pro-coal agenda would hurt renewable energy firms. Global stocks close lucrative May on a high, sterling hits eight-week low LONDON (Reuters) - Stocks rose on Wednesday as investors looked to close the month on a high, while sterling fell after an opinion poll suggested the ruling Conservatives could lose seats in next week's UK general election, potentially leading to a hung parliament. Brazil's J&F agrees to pay $3.2 billion fine in leniency agreement SAO PAULO (Reuters) - J&F Investimentos, controlling shareholder of the world´s largest meatpacker, JBS SA , agreed with Brazilian prosecutors late on Tuesday to pay a 10.3 billion real ($3.2 billion) fine for its role in corruption scandals. Futures little changed as investors seek fresh catalysts (Reuters) - U.S. stock index futures were little changed on Wednesday, pressured by weak oil prices, with investors looking for fresh catalysts to trade on. BA says IT collapse came after servers damaged by power problem LONDON (Reuters) - A huge IT failure that stranded 75,000 British Airways passengers followed damage to servers that were overwhelmed when the power returned after an outage, the airline said on Wednesday. Oil at three-week low as rising output risks OPEC-led deal LONDON (Reuters) - Oil fell to a three-week low on Wednesday on news that Libyan output was recovering from a technical issue at an oilfield, fuelling concerns that OPEC-led output cuts on reducing global inventories were being undermined by producers outside the deal. Exxon steps up efforts to sway shareholders on climate-report vote HOUSTON/BOSTON (Reuters) - Exxon Mobil Corp has stepped up efforts to persuade investors to vote against climate-related proposals at Wednesday's annual meeting with a campaign of calling, writing and lobbying shareholders in person. Deutsche Telekom CEO says U.S. M&A regulations look good under Trump COLOGNE, Germany (Reuters) - Deutsche Telekom is optimistic about the regulatory environment in the United States under the Trump administration. Related Video Uber fires self-driving car chief at center of court case Critics target Goldman Sachs after Venezuelan bond deal Make sense of the market with highlights of valuable financial information and reports along with compelling investment insights. Register Today The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. 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