Reuters - Before the Bell

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Tuesday, September 5, 2017

Hyundai hit again by supply disruption in China, one plant halted

SEOUL (Reuters) - South Korea's Hyundai Motor said it had suspended production at one of its China factories on Tuesday after a supplier refused to provide parts due to delays in payment - its second such incident in as many weeks.

Tronc buys New York Daily News

(Reuters) - Newspaper company Tronc Inc , which owns the Chicago Tribune and the Los Angeles Times, said it acquired the New York Daily News from media and property mogul Mort Zuckerman.

U.S. crude rises on returning refineries; gasoline slumps to pre-Harvey levels

SINGAPORE (Reuters) - U.S. oil prices rose on Tuesday as the gradual restart of refineries in the Gulf of Mexico that were shut by Hurricane Harvey raised demand for crude, their main feedstock.

Europe shakes off latest North Korea jitters

LONDON (Reuters) - Europe's financial markets appeared on Tuesday to have already shaken off the jitters prompted by North Korea's latest nuclear test, with stocks pushing higher and investors reversing out of bonds, gold and other safe-haven assets.

Hong Kong needs new ways to lure more tech listings: HKEX CEO

HONG KONG (Reuters) - Hong Kong needs to find new ways to attract so-called new-economy companies to stay competitive, Charles Li, chief executive of bourse operator Hong Kong Exchanges & Clearing Ltd (HKEX) , told Reuters on Tuesday.

HKEX CEO says talks to win Saudi Aramco listing "will never stop"

HONG KONG (Reuters) - Hong Kong Exchanges & Clearing Ltd (HKEX) is still in talks with oil giant Saudi Aramco, with the bourse's planned IPO investment link with China key to clinching the potential listing, Chief Executive Charles Li told Reuters on Tuesday.

London Metal Exchange trading fees likely to be cut: HKEX chief

HONG KONG (Reuters) - Trading fees at the London Metal Exchange (LME) will likely be cut to bolster liquidity at the world's oldest and largest market for industrial metals, said the chief executive of its owner, Hong Kong Exchanges & Clearing (HKEX) .

Toymaker Lego to cut 8 percent of staff as sales decline

COPENHAGEN (Reuters) - Toymaker Lego announced plans to lay off 8 percent of its workforce as it reported a 5 percent fall in mid-year revenue.

"Angry Birds" maker Rovio plans IPO to boost growth

HELSINKI (Reuters) - The maker of hit mobile phone game "Angry Birds" is planning an initial public offering to raise around 30 million euros ($36 million) and potentially use its shares to make acquisitions.

Amazon fears sink Blackstone's $2.8 billion Australian mall sale

SYDNEY (Reuters) - Private equity giant Blackstone Group has called off the sale of its A$3.5 billion ($2.8 billion) Australian shopping mall portfolio, a source said, as the looming arrival of Amazon.com spooks buyers of bricks-and-mortar stores.