Wednesday, 5 July 2017

Reuters Daily Investor Update: July 5, 2017

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Wednesday, July 5, 2017
Oil snaps rally; stocks, steady after Fed minutes
NEW YORK (Reuters) - Oil prices fell sharply on Wednesday after their longest rally in more than five years while stocks ended higher after minutes from the U.S. Federal Reserve's last meeting showed contrasting opinions.
Airbus pushes for stake in U.S.-led German helicopter project
BUECKEBURG, Germany (Reuters) - Airbus urged the German government on Wednesday to ensure domestic firms get a big share of a near 4-billion-euro contract earmarked for the country's next generation of heavy-lift military helicopters.
Fed minutes suggest increasing tensions on inflation shortfall
WASHINGTON (Reuters) - Federal Reserve policymakers were increasingly split on the outlook for inflation and how it might affect the future pace of interest rate rises, according to the minutes of the Fed's last policy meeting on June 13-14 released on Wednesday.
Tech lifts Nasdaq; energy curbs Dow, S&P gains
NEW YORK (Reuters) - A steep drop in oil prices dragged energy shares lower and kept the Dow and S&P 500 in check on Wednesday, while the Nasdaq was buoyed by gains in tech stocks.
Jana values EQT break-up at $4.5 billion: securities filing
(Reuters) - Jana Partners LLC on Wednesday detailed its criticism of natural gas producer EQT Corp's plan to buy Rice Energy Inc , laying out its argument as to why the hedge fund believes an EQT break-up would be better for shareholders than the pending $6.7 billion deal.
Subway targets 3,000 UK/Ireland stores by 2020
LONDON (Reuters) - The Subway franchise of sandwich restaurants plans to open a further 500 outlets in the UK and Ireland over the next three years, creating about 5,000 jobs, as it seeks to capitalize on a growing appetite for cheap food on the go.
Mexico says Trump-Pena Nieto meet unlikely to lead to big deals
MEXICO CITY (Reuters) - A meeting between Mexican President Enrique Pena Nieto and U.S. President Donald Trump on Friday at the G20 summit in Germany will last about 30 minutes and probably not lead to any major agreements, Mexico's foreign minister said on Wednesday.
Oil falls, ending bull run, on rising OPEC exports and dollar
NEW YORK (Reuters) - Oil prices retreated about 4 percent on Wednesday, ending their longest bull-run in more than five years, as climbing OPEC exports and a stronger dollar turned sentiment more bearish.
Exclusive: Energy giants court Qatar for gas expansion role despite crisis
LONDON (Reuters) - The West's three biggest energy corporations are lobbying Qatar to take part in a huge expansion of its gas production, handing Doha an unintended but timely boost in its bitter dispute with Gulf Arab neighbors.
Factbox: Oil majors' investments in countries involved in Qatar row
DUBAI (Reuters) - The West's three biggest energy corporations are lobbying Qatar to take part in a huge expansion of its gas production, handing Doha an unintended but timely boost in its bitter dispute with Gulf Arab neighbors.
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