Reuters - Before the Bell

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Tuesday, July 11, 2017

Oil falls as banks cut price forecasts

LONDON (Reuters) - Oil prices fell on Tuesday as global oversupply encouraged several banks to cut their forecasts for crude for this year and 2018.

Futures slightly lower as banks cut oil price forecasts

(Reuters) - U.S. stock index futures were slightly lower on Tuesday ahead of comments from Federal Reserve policymakers as several banks cut their oil price forecasts amid global oversupply.

China's Wanda steps back from theme park, hotel drive with $9.3 billion Sunac deal

HONG KONG (Reuters) - Chinese property giant Dalian Wanda Group plans to sell tourism projects and hotels in the country to Sunac China for $9.3 billion, as it dials back its theme-park ambitions and brings down its debt pile.

Sunac China's shares soar as $9.3 billion Wanda property deal seen as positive

HONG KONG (Reuters) - Sunac China Holdings's planned $9.3 billion deal to buy Dalian Wanda's tourism projects and hotels is a bargain even though it could become China's most indebted developer, analysts said, a view that sent Sunac shares up nearly 14 percent on Tuesday.

PepsiCo's quarterly profit beats on higher pricing

(Reuters) - PepsiCo Inc's quarterly profit beat estimates as higher pricing of sodas and snack foods in North America paid off and as the company sold its minority stake in British bottler Britvic Plc .

Toshiba talking with Western Digital, Foxconn about chip unit sale: sources

TOKYO (Reuters) - Toshiba Corp told its creditor banks it is in talks with Western Digital Corp and Taiwan's Foxconn over the $18 billion sale of its prized chip unit in addition to its preferred bidder, banking sources familiar with the matter said on Tuesday.

Embraer deliveries rise, driven by commercial jet segment

SAO PAULO (Reuters) - Embraer SA , the world's No. 1 regional planemaker, delivered 35 commercial jets and 24 executive jets in the second quarter, representing an increase on a quarterly and annual basis.

Bonds and emerging market currencies' selloff resumes

LONDON (Reuters) - The dollar hit a four-month high against the yen and bonds and top emerging market currencies were back under pressure on Tuesday, on bets for higher interest rates in a small but growing group of major economies.

Fashion M&A, like a crop top, is hard to pull off

(This version of the story was refiled to fix typo in paragraph 13)

Pearson cashes in $1 billion of its Penguin Random House stake

LONDON (Reuters) - Pearson is set to raise $1 billion from the sale of a 22 percent stake in book publisher Penguin Random House to majority owner Bertelsmann , in the British group's latest bid to rebuild following a string of profit warnings.