Bhinneka News Online: Reuters Business Today: May 26, 2017

Friday, 26 May 2017

Reuters Business Today: May 26, 2017

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Friday, May 26, 2017

U.S. economy slowed less than expected in first quarter; outlook cloudier

WASHINGTON (Reuters) - The U.S. economy slowed less than initially thought in the first quarter, but softening business investment and moderate consumer spending are clouding expectations of a sharp acceleration in the second quarter.

China's reforms not enough to arrest mounting debt: Moody's

BEIJING (Reuters) - China's structural reforms will slow the pace of its debt build-up but will not be enough to arrest it, and another credit rating cut for the country is possible down the road unless it gets its ballooning credit in check, officials at Moody's said.

Wall St. drifts before long weekend; consumer stocks up

(Reuters) - U.S. stocks ended little changed on Friday ahead of the long holiday weekend, though indexes ended a two-week streak of losses and consumer shares were strong for a second day.

In Aramco IPO pitch, Canada plays up its natural resources expertise

TORONTO (Reuters) - The Toronto Stock Exchange's efforts to win a slice of the massive Saudi Aramco public listing plays up the country's deep experience in natural resources as part of a broader offer to help the kingdom with its shift away from oil dependence.

OPEC ponders how to co-exist with U.S. shale oil

VIENNA (Reuters) - First, they ignored each other. Then, they went into a bruising fight. Finally, they are talking, albeit with opposing agendas.

Exclusive: China's COFCO overhauls Brazil business after accounting crisis - sources

LONDON/SAO PAULO (Reuters) - Chinese food commodities trader COFCO [CNCOF.UL] is overhauling its operations in Brazil, including a management reshuffle, as it restructures its Nidera Sementes Ltda business following accounting irregularities reported last year, according to company documents and sources.

Some investors bet Brazil has further room to fall

NEW YORK (Reuters) - Some investors are betting the worst is yet to come for Brazil's stock market, even after a brutal selloff last week.

Exclusive: Fidelity may back climate resolutions, a milestone for activists

BOSTON (Reuters) - Fidelity Investments may support shareholder proxy proposals calling on companies to report on sustainability matters this year, a major shift by the Boston asset manager as climate activists gain more traction at large U.S. corporations.

U.S. home prices to rise at a strong pace on tight supply: Reuters poll

(Reuters) - U.S. home prices look poised to rise at a robust pace over the next few years, mainly because of a chronic shortage of houses and steady demand, a Reuters poll showed on Friday.

Chipotle says hackers stole payment card info in data breach

(Reuters) - Chipotle Mexican Grill Inc said on Friday hackers used malware to steal customers' card data, including account number, expiration date and internal verification codes, from payment systems at some of its restaurants over a span of three weeks.