Reuters - Before the Bell

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Wednesday, July 19, 2017

Qatar's $300 billion conundrum: how liquid are its reserves?

DUBAI/DOHA (Reuters) - When is $300 billion not enough? That question is key to Qatar's future as some bankers and hedge funds speculate the super-rich state's vast financial reserves may not be liquid enough to defend its currency in the long term.

Morgan Stanley's profit boosted by underwriting, wealth management

(Reuters) - Morgan Stanley reported a higher-than-expected quarterly profit on Wednesday, driven by strength in its investment banking and wealth management businesses.

Reckitt cuts the mustard with $4.2 billion food business sale

LONDON (Reuters) - U.S. spices maker McCormick & Co Inc has won the battle to buy Reckitt Benckiser Group's North American food business, paying a higher than expected $4.2 billion to add extra seasonings and sauces.

Tech stocks lift Nasdaq futures; Dow, S&P flat

(Reuters) - A rise in technology stocks helped the Nasdaq futures grind higher on Wednesday, while the S&P and the Dow futures were little changed with investors staying focused on earnings.

Dalian Wanda to sell hotels to R&F, up price of tourism projects for Sunac

BEIJING (Reuters) - Dalian Wanda Group will sell 77 hotels to developer R&F Properties instead of to Sunac China , Sunac's chairman said on Wednesday, in a twist to the second-biggest real estate deal ever in China announced a week ago.

Deutsche Boerse cultivates local ties after LSE deal setback

FRANKFURT (Reuters) - Deutsche Boerse is planning to spruce up the Frankfurt stock exchange, a familiar backdrop for TV broadcasts on the German economy, as part of a push to try to attract more retail investors.

Toshiba says it again is blocking Western Digital access to chip JV

TOKYO (Reuters) - Toshiba Corp said it resumed blocking access by Western Digital Corp to data at their memory chip joint venture, intensifying its dispute with the U.S. firm over the Japanese company's planned sale of the chip business.

Campaign urges U.S. public pension funds to divest from owner of Trump hotel

WASHINGTON (Reuters) - Advocacy groups launched petitions and sent letters on Wednesday urging two of the biggest U.S. public pension funds to divest from an investment fund unless it stops paying one of President Donald Trump's companies to run a New York hotel.

With new Takata air bag recalls, automakers may face more liabilities

TOKYO (Reuters) - Takata Corp's bankruptcy filing last month was meant to draw a line under the auto industry's biggest safety recall, but last week's announcement of more air bag inflator recalls suggests automakers could face fresh liabilities in the future.(For a graphic on air bag inflators click http://tmsnrt.rs/1JDZ4vq)

Strong gasoline boosts oil price, but high OPEC supplies weigh

LONDON (Reuters) - Oil prices traded higher on Wednesday, supported by a strong gasoline market, but rising output from OPEC producers revived concerns about a fuel supply overhang.