Reuters Before the Bell: Exclusive: RWE CFO maps out planned expansion in renewables, U.S. in focus

Click to View in Browser Wednesday, April 17, 2019 Exclusive: RWE CFO maps out planned expansion in renewables, U.S. in focus German utility RWE expects to spend heavily in the U.S. renewable energy market as it maps out its future as a global renewable champion after its pending asset swap deal with peer E.ON. EU banking watchdog clears Estonian, Danish regulators over Danske Bank The European Union banking watchdog said on Wednesday that its investigation into financial regulators in Estonia and Denmark in relation to suspected money laundering activities by Danske Bank did not find any breach of EU law. Morgan Stanley profit beats estimates on wealth management, lower costs Morgan Stanley beat analysts' estimates for a quarterly profit on Wednesday on gains in its wealth management business and lower expenses, sending its shares up 3 percent. Oil hits 2019 high above $72 on China growth, lower U.S. inventories Brent oil hit a 2019 high above $72 a barrel on Wednesday, propelled by steady economic growth in China and a fall in U.S. crude stocks which defied expectations and signaled firm demand, while global supply remained tight. ABB CEO steps down abruptly in middle of group's overhaul ABB Chief Executive Ulrich Spiesshofer has quit the Swiss industrial group as the board and major shareholders look for a speedier turnaround at the maker of industrial robots and supplier of factory automation. Comforting China data puts Wall Street records within reach Wall Street's main markets were eyeing a return to all-time highs on Wednesday after a raft of Chinese data beat expectations, easing concerns about the health of its economy. PepsiCo results beat on boost from North American snacks, beverages units PepsiCo Inc reported first-quarter sales and profit above analysts' estimates on Wednesday, boosted by higher demand for its snacks, sparkling water and low-sugar sodas, sending its shares up about 2 percent before the bell. Stock futures edge higher on robust China data; chipmakers rise U.S. stock index futures inched higher on Wednesday, buoyed by upbeat economic data from China, but gains were capped by disappointing quarterly reports from Netflix and IBM. BNY Mellon profit misses estimates on lower fee revenue Bank of New York Mellon Corp missed analysts' estimates for quarterly profit on Wednesday, as lower client activity and a fall in assets under management pressured fee revenue. Exclusive: Apple in talks with potential suppliers of sensors for self-driving cars - sources Apple Inc has held talks with at least four companies as possible suppliers for next-generation lidar sensors in self-driving cars, evaluating the companies' technology while also still working on its own lidar unit, three people familiar with the discussions said. Related Video Automakers see positives despite Chinese downturn Qualcomm soars after Apple patent settlement 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 2019 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