Bhinneka News Online: Daily Investor Update: Oil falls more than two percent on signs of higher output

Monday, 2 October 2017

Daily Investor Update: Oil falls more than two percent on signs of higher output

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Monday, October 2, 2017

Oil falls more than two percent on signs of higher output

NEW YORK (Reuters) - Oil fell more than $1 a barrel on Monday as a rise in U.S. drilling and higher OPEC output put the brakes on a rally that helped prices notch their biggest third-quarter gain in 13 years.

BlackBerry's patent strategy head exits, joins health tech firm -sources

TORONTO (Reuters) - The man who was leading BlackBerry Ltd's efforts to make money from its patent portfolio has left to join a health technology company, two sources with knowledge of the move said on Monday.

Trump says wants to reduce U.S. trade deficit with Thailand

WASHINGTON (Reuters) - President Donald Trump wants to reduce the U.S. trade deficit with Thailand, he told the country's prime minister on Monday in a meeting that marked another sign of warming ties between Washington and Bangkok.

Wall Street indexes log record high closes

NEW YORK (Reuters) - U.S. stocks started the fourth quarter on a strong note on Monday, with the S&P 500, the Dow and the Russell 2000 all hitting record high closes as data pointed to underlying strength in the economy.

Dollar, stocks gain on U.S. economic outlook

NEW YORK (Reuters) - World stock markets climbed on Monday, lifted by optimism over the outlook for corporate earnings and U.S. President Donald Trump's tax reform plan, while the dollar gained as investors took a bullish view of the American economy.

Tesco's ex-chairman to give evidence in trial of former executives

LONDON (Reuters) - Former Tesco chairman Richard Broadbent will be a witness in the trial of three former executives accused of fraud and false accounting at Britain's biggest retailer, a court heard on Monday.

Roku slumps 11 percent, on track for first down day

SAN FRANCISCO (Reuters) - Roku's stock tumbled 11 percent on Monday and was on track for its first loss since the music streaming company's public listing last week, even after it unveiled a lineup of new devices.

Canada's Home Capital cuts 10 percent of workforce

(Reuters) - Canada's biggest non-bank mortgage lender Home Capital Group Inc said on Monday it had reduced its workforce by about 10 percent since the second quarter and reaffirmed its expectation to achieve about C$15 million ($12 million) in future savings.

Takata says $1.6 billion KSS deal to be signed in within two weeks

WILMINGTON, Del. (Reuters) - Key Safety Systems has agreed to terms on the $1.6 billion purchase of assets of Takata Corp , stricken by a recall of its faulty vehicle air bags, and final documents will be signed in less than two weeks, a lawyer for Takata's U.S. unit said on Monday.

Supreme Court rejects Samsung appeal in warranty dispute

WASHINGTON (Reuters) - The U.S. Supreme Court on Monday refused to consider a bid by Samsung Electronics Co Ltd to force customers who have filed proposed class-action lawsuits against the company to arbitrate their claims instead of bringing them to court.