Reuters Business Today: May 31, 2017

Click to View in Browser Wednesday, May 31, 2017 Wall Street looks set to open higher (Reuters) - U.S. stocks looked set to open higher on Wednesday, with the three major indexes on track to end the month higher, shrugging off the impact of a steep fall in oil prices. 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. '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. 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. Canada: Boeing is trusted partner despite Bombardier dispute OTTAWA (Reuters) - Canada's Defence Minister Harjit Sajjan said on Wednesday that Boeing Co will be a trusted military partner in the decades to come, even though the government has threatened to scrap plans to buy Boeing's fighter jets. Oil prices at three-week low as rising output risks OPEC-led deal LONDON (Reuters) - Oil prices fell to a three-week low on Wednesday on news that Libyan output was recovering from an oilfield technical issue, fuelling concerns that OPEC-led output cuts to reduce global inventories were being undermined by producers outside the deal. China factories hum in shadow of debt risk, Moody's raises global outlook (Reuters) - China's industrial engine cranked up again in May, reassuring investors worried about slowing growth in the world's second-biggest economy as it grappled with debt risks and tried to shake off a stinging ratings downgrade from Moody's Investors Service. 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. 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. Related Video Uber fires self-driving car chief at center of court case Critics target Goldman Sachs after Venezuelan bond deal 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