Reuters Business Today: May 19, 2017

Click to View in Browser Friday, May 19, 2017 Dollar remains weak as beating eases for global stocks LONDON (Reuters) - The dollar limped toward its worst week since last July on Friday and world stocks headed for their first weekly fall in five, as storms surrounding Donald Trump's U.S. presidency and Latin America's biggest economy, Brazil, began to calm. Bain, KKR, Broadcom among suitors lining up for Toshiba's chips business TOKYO (Reuters) - Suitors including private equity firms KKR & Co LP, Bain Capital and U.S. chip maker Broadcom Ltd are lining up for Toshiba Corp's semiconductor business, sources familiar with matter said ahead of a deadline for second-round offers on Friday. Oil heads for second week of gains as output cut extension expected LONDON (Reuters) - Oil prices were heading on Friday for a second week of gains on growing expectations that big crude exporters will extend output cuts to curb a persistent glut in inventories. SoftBank boss follows Trump to Saudi to launch $100 billion fund TOKYO (Reuters) - Some six months after his visit to Donald Trump's Manhattan mansion cheered investors, Masayoshi Son, Japan's richest man, is set to follow his friend to Saudi Arabia as the new U.S. president makes his first overseas trip since taking office. Campbell Soup misses profit, sales estimates; trims sales forecast (Reuters) - Campbell Soup Co reported lower-than-expected quarterly sales and profit, hurt by higher promotions and weak demand for condensed soups, broths and V8 vegetable juices, and warned that its full-year sales could decline. Four car makers settle claims over Takata inflators for $553 million WASHINGTON/TOKYO (Reuters) - Four automakers agreed to a $553 million settlement to address class-action economic loss claims covering owners of nearly 16 million recalled vehicles with potentially defective Takata airbag inflators, court documents filed on Thursday showed. Treasury's Mnuchin: 'We do not support breaking up banks' WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin told lawmakers on Thursday that the Trump administration does not support separating investment and commercial banks. BofA opens debate on lowering mortgage down payments (Reuters) - The head of Bank of America Corp , the United State's fourth-biggest mortgage lender, said on Thursday banks would be able to supply a bigger share of funding for home purchases if the standard down payment for buyers was cut to 10 percent from 20 percent. Time up on Trump trade, hedge funds look abroad LAS VEGAS (Reuters) - Hedge fund managers said they are looking beyond the United States for investment ideas as the so-called Trump bump stock market rally shows signs it may be fizzling. Treasury's Mnuchin concerned about alternate scoring models of Trump tax plan WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin told lawmakers on Thursday that he has some doubts that what are known as alternate scoring models will give enough credit to the potential for economic growth when assessing the impact of the Trump administration's tax plan. Related Video Facebook takes on TV with Major League baseball Former FBI director to probeTrump-Russia ties 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