Reuters Before the Bell: May 2, 2017

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Tuesday, May 2, 2017

Dow and Dupont receive conditional approval from China for proposed merger

BEIJING (Reuters) - China has conditionally approved the proposed merger between the Dow Chemical Co and Dupont, the country's Commerce Ministry said on Tuesday.

How two cutting edge U.S. nuclear projects bankrupted Westinghouse

WILMINGTON, Del./NEW YORK (Reuters) - In 2012, construction of a Georgia nuclear power plant stalled for eight months as engineers waited for the right signatures and paperwork needed to ship a section of the plant from a factory hundreds of miles away.

Oil rises as OPEC cuts outweigh higher output elsewhere

LONDON (Reuters) - Oil prices rose on Tuesday as expectations that major OPEC exporters would extend output cuts into the second half of the year outweighed rising production in the United States, Canada and Libya.

Strong earnings power global shares higher

LONDON (Reuters) - Stocks rose in Europe and Asia on Tuesday after technology industry shares hit record highs on Wall Street and investors focused on strong corporate earnings while shrugging off weaker-than-expected Chinese factory activity data.

Trump says actively considering breaking up big banks: Bloomberg TV

WASHINGTON (Reuters) - U.S. President Donald Trump said he was actively considering breaking up big banks, Bloomberg Television reported on Monday.

Factbox: Breaking up big U.S. banks

(Reuters) - U.S. President Donald Trump said he was actively considering breaking up big banks, Bloomberg Television reported on Monday.

Libyan wealth fund trial against SocGen adjourned until Wednesday

LONDON (Reuters) - The start of a trial brought by Libya's $67 billion sovereign wealth fund against Societe Generale has been adjourned until Wednesday, a spokesperson for the Libyan Investment Authority (LIA) said.

Asian factories get off to solid start in second quarter

NEW DELHI (Reuters) - Factories across much of Asia got off to a solid start in the second quarter, buoyed by strong global demand, particularly for hi-tech gadgets which are leading a sizzling rally in electronics.

Infosys plans to hire 10,000 U.S. workers after Trump targets outsourcing firms

SAN FRANCISCO/MUMBAI (Reuters) - India-based IT services firm Infosys Ltd said it plans to hire 10,000 U.S. workers in the next two years and open four technology centers in the United States, starting with a center this August in Indiana, the home state of U.S. Vice President Mike Pence.

Public investments in Trump-operated hotel set dangerous precedent: U.S. senators

WASHINGTON (Reuters) - U.S. President Donald Trump is flirting with unparalleled violations of the Constitution by not divesting himself from a hotel management company that benefits financially from public pension fund investments, according to two Democratic U.S. senators.

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