Click to View in Browser
Monday, May 8, 2017
Stocks, euro dip as Macron win shifts focus to economy
LONDON (Reuters) - European stocks and the euro pulled back on Monday from highs touched after Emmanuel Macron's emphatic but well-flagged victory in France's presidential election as investors' focus shifted from politics to monetary policy.
Euro reverses post-French election gains
LONDON (Reuters) - The euro retreated on Monday from highs hit on centrist Emmanuel Macron's victory in France's presidential election, with investors taking profit on a roughly 3 percent gain for the currency since he won the first round two weeks ago.
Akzo Nobel declines third takeover proposal from PPG
AMSTERDAM (Reuters) - Dutch paint maker Akzo Nobel on Monday rejected a third takeover proposal from larger U.S. rival PPG Industries , valued at 26.9 billion euros ($29.51 billion), saying it undervalues the company, faces antitrust risks, and does not address other concerns such as "cultural differences."
Oil rises on prospect that output cut could extend beyond 2017
SINGAPORE (Reuters) - Oil prices rose on Monday as Saudi Arabia's energy minister said an OPEC-led production cut scheduled to end in June would likely be extended to cover all of the year, or even into 2018, although another increase in U.S. drilling capped gains.
Reporters barred from Kushner Companies' event in China
SHANGHAI (Reuters) - Organizers barred journalists on Sunday from a publicly advertised event in Shanghai that offered Chinese investors the chance to get U.S. immigrant visas if they put money in a real estate project linked to the family of President Donald Trump's son-in-law.
Hudson's Bay taps debt adviser amid Neiman Marcus bid challenges: sources
(Reuters) - Canada's Hudson's Bay Co has hired a debt restructuring adviser to review potential options for combining its business with debt-laden U.S. department store operator Neiman Marcus Group, according to people familiar with the matter.
Brimming U.S. oil storage tanks to feel OPEC cuts last
NEW YORK (Reuters) - The energy industry scrutinizes U.S. oil stockpile data every week for evidence that OPEC supply cuts are ending a global crude glut, but growing domestic output means the world's largest oil consumer may be the last place to feel the cuts.
Comcast launches new WiFi service as connected devices grow
NEW YORK (Reuters) - Comcast Corp launched a new cloud-based service on Monday that allows users to control and monitor their Wi-Fi usage as the largest cable provider in the U.S. looks for ways to boost consumer loyalty in its broadband business.
Australia to hold new inquiry into 'Big Four' banks
CANBERRA (Reuters) - Australia will hold an inquiry into competition in the country's financial system, following a series of scandals in the banking sector and public allegations against the "Big Four" banks of abuse of market power.
Comcast, Charter to announce wireless partnership on Monday: source
(Reuters) - Comcast Corp and Charter Communications Inc will announce a wireless partnership on Monday, according to a source familiar with the matter, as the cable providers prepare to enter a highly competitive and oversaturated market for mobile service in the United States.
Related Video
Bad banks, big misses: Buffett brutally honest at annual meeting
Mexico's state refineries struggle to find funds for upgrades
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 [email protected] to your address book.
Subscribe to other Reuters newsletters.
Unsubscribe from this newsletter.
Follow us on Twitter Friend us on Facebook