🔔 Reuters Before the Bell: June 13, 2017

Click to View in Browser Tuesday, June 13, 2017 Tech stocks and Canada dollar flash points as Fed meets LONDON (Reuters) - The prospect of the United States, the world's largest economy, raising interest rates and shrinking its mammoth balance sheet reverberated across markets from Toronto to Beijing on Tuesday. Exclusive: GE begins testing drones to inspect refineries, factories - executive SEATTLE (Reuters) - General Electric Co has begun testing autonomous drones and robotic "crawlers" to inspect refineries, factories, railroads and other industrial equipment with an eye on capturing a bigger slice of the $40 billion companies around the globe spend annually on inspections. U.S. shale firms more exposed to falling oil prices as hedges expire (Reuters) - Cash-strapped U.S. shale firms scaled back their hedging programs in the first quarter, leaving them more vulnerable to tumbling spot market prices just after OPEC reached a landmark deal to curb global supply. Tech rout sparks search for value NEW YORK (Reuters) - The "sell in May" memo arrived a bit late in some investors' inboxes this year. Hyundai Motor bets on new small SUV as China sales skid GOYANG, South Korea (Reuters) - Hyundai Motor unveiled its first subcompact sport utility vehicle Kona for advanced markets, including the United States, Europe and South Korea, as it tries to offset sliding sales in China and catch up with rivals in the segment. U.S. Treasury unveils financial reforms, critics attack (This June 12 story removes "that" from second paragraph, adds "sought" to seventh paragraph) Fed set to raise interest rates, give more detail on balance sheet winddown WASHINGTON (Reuters) - The U.S. Federal Reserve is widely expected to raise its benchmark interest rate this week due to a tightening labor market and may also provide more detail on its plans to shrink the mammoth bond portfolio it amassed to nurse the economic recovery. Toshiba faces fresh lawsuit, plans provision for year ended March TOKYO (Reuters) - Toshiba Corp on Tuesday said it was being sued by another group of foreign investors for 43.9 billion yen ($399 million) in damages over a $1.3 billion accounting scandal uncovered two years ago. Factbox: The Wall Street rules Trump could overhaul without Congress WASHINGTON (Reuters) - U.S. President Donald Trump will be able to overhaul many of the Wall Street reforms put in place after the 2007-2009 financial crisis without the blessing of Congress, where Senate Democrats could throw up procedural roadblocks. LG Chem denies media report of $6.2 billion Volkswagen battery deal SEOUL (Reuters) - South Korean battery maker LG Chem Ltd denied on Tuesday a media report that it has signed a 7 trillion won ($6.20 billion) deal to supply electric vehicle batteries for Volkswagen AG . Related Video Tech pulls Wall Street lower GE names John Flannery as CEO 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