Reuters - Before the Bell

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Friday, May 5, 2017

Oil spill leaves commodities spinning, safe-havens shine

LONDON (Reuters) - A slump in oil prices to the lowest in almost six months rattled markets on Friday, prompting a rally in safe-haven bonds, the yen and gold and taking the shine off a record-breaking week for world stocks.

With maiden jet flight, China enters dog-fight with Boeing, Airbus

SHANGHAI (Reuters) - China's home-grown C919 passenger jet completed its long-delayed maiden flight on Friday, a major first step for Beijing as it looks to raise its profile in the global aviation market and boost high-tech manufacturing at home.

TransCanada profit beats on U.S., Mexican pipeline businesses

(Reuters) - Canada's No. 2 pipeline operator, TransCanada Corp , reported a better-than-expected quarterly profit, helped by higher earning from its U.S. and Mexican natural gas pipelines business.

Delta apologizes for forcing family off flight

(Reuters) - Delta Air Lines apologized on Thursday after a couple said they were kicked off an overbooked flight with their two toddlers so their seats could be given to waiting passengers, the latest U.S. airline to apologize over incidents on board their flights.

DBS to seek bids for non-life insurance distribution deal: sources

SINGAPORE/HONG KONG (Reuters) - DBS Group plans to invite bids from insurers keen to sell general insurance products across the key markets of Southeast Asia's biggest lender, in a deal potentially worth up to $350 million, sources familiar with the matter said.

AllianzGI CEO on wave of populism: 'More worried than I've ever been'

LUXEMBOURG (Reuters) - The explosion of populism that swept Donald Trump into the White House and triggered Brexit has made for the most worrying political climate in decades and greatly increased uncertainty for investors, the CEO of Allianz Global Investors said.

ChemChina clinches landmark $43 billion takeover of Syngenta

ZURICH (Reuters) - ChemChina [CNCC.UL] has won more than enough support from Syngenta shareholders to clinch its $43 billion takeover of the Swiss pesticides and seeds group, the two companies said on Friday.

Oil trades near five-month lows despite Saudi assurances on cuts

LONDON (Reuters) - Oil prices fell to fresh five-month lows on Friday on concerns about a persistent glut despite assurances from Saudi Arabia that Russia was ready to join OPEC in extending supply cuts.

Goldman's Blankfein says London could stall due to Brexit: BBC

LONDON (Reuters) - London's progress as a financial center could stall because of the upheaval Brexit will bring to the industry, Goldman Sachs Chief Executive Officer Lloyd Blankfein was quoted as saying by the BBC.

With Obamacare vote, House Republicans free to turn to tax reform

WASHINGTON (Reuters) - The Republican-controlled U.S. House of Representatives plans to turn to tax reform in earnest, after concluding a lengthy healthcare debate this week with a vote to repeal and replace Obamacare.