Reuters Business Today: May 29, 2017

Click to View in Browser Monday, May 29, 2017 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? 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. 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. 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. Switch it up this year: Buy in May, till November stay NEW YORK (Reuters) - "Sell in May and go away" is perhaps the oldest saw on Wall Street, but it appears there's no shortage of U.S. mutual funds doing exactly that this year. Lenovo's struggling mobile business sets sight on high-end market HONG KONG (Reuters) - After a bruising fall from its spot as the world's third-largest mobile phone maker following its acquisition of Motorola three years ago, China's Lenovo Group Ltd is counting on a push upmarket to stop the bleeding in its smartphone business. 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. Beijing bling: Hyundai plots China branding reboot after missile row SEOUL/BEIJING (Reuters) - Bruised by anti-Korean sentiment in its biggest market and losing ground to local automakers, Hyundai Motor will open its first Chinese brand store, and may locally assemble its premium Genesis cars and accelerate the launch of a sport-utility vehicle (SUV), people familiar with the plans said. 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. Related Video Uber CEO's mother killed in boating accident Higher pay in May, or some other day? 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