Reuters - Before the Bell

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Friday, December 1, 2017

India's Wipro faces lawsuit from National Grid US

(Reuters) - Wipro Ltd , India's No.3 software exporter, said on Friday that it would challenge a lawsuit filed by National Grid US seeking damages of over $140 million related to a project that dates back to 2009.

Deficit doubts on tax bill cool Wall Street rally

(Reuters) - U.S. stock futures pointed to a reversal of some of this week's gains for Wall Street on Friday as a delay in voting on a Republican tax overhaul kept investors on edge about its passage.

U.S.-listed Chinese financial firms drop as China sets new rules

(Reuters) - U.S.-listed shares of Chinese financial firms slipped in premarket trade on Friday after Reuters reported that China's regulators had circulated new rules to local governments to clamp down on cash loan firms.

British Labour leader Corbyn tells Morgan Stanley: 'We're a threat'

LONDON (Reuters) - Britain's opposition Labour leader Jeremy Corbyn warned Morgan Stanley that bankers are right to regard him as a threat because he wants to transform what he cast as a rigged economy that profits speculators at the expense of ordinary people.

Germany removes Tesla from subsidies list as too pricey

BERLIN (Reuters) - A German government agency has removed Tesla from the list of electric cars eligible for subsidies, sparking a row with the U.S. company over whether its Model S is too expensive to qualify for the scheme.

Oil prices rise after OPEC extends output curbs

LONDON (Reuters) - Oil prices rose on Friday, following an agreement by OPEC and other major producers to extend output curbs until the end of 2018 to try to reduce the global oil glut.

Too cold for a theme park, Disney looks to toy stores in Russia

MOSCOW (Reuters) - Though too cold for a theme park, Russia's underserved toy market makes it an attractive business prospect for Walt Disney Co , the head of its Russian operations said on Friday.

Global manufacturing buoyed as focus shifts to rate hikes

LONDON/HONG KONG (Reuters) - Global manufacturing expanded at the fastest pace in years last month and the second-best in two decades in the euro zone, driven by robust demand and bolstering the case for central banks to shift to tighter monetary policy.

Exclusive: Tezos founders push for legal bailout from Swiss foundation

NEW YORK/ZURICH (Reuters) - The couple behind the embattled Tezos cryptocurrency tech project wants the Swiss-based Tezos Foundation to cover their costs for lawsuits accusing them of fraud related to an online fundraiser it ran, people familiar with the matter told Reuters.

Markets ignore best European factory data in 17 years

LONDON (Reuters) - European shares traded lower on Friday despite strong euro zone factory data, after a delay to a keenly awaited U.S. tax reform bill dented Asian trading and curbed appetite for the dollar.