Reuters - Before the Bell

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Wednesday, August 30, 2017

Japan's Sharp requests U.S. trade body to investigate Hisense over patent infringement

TOKYO (Reuters) - Japan's Sharp Corp on Wednesday said it has requested the U.S. International Trade Commision to investigate China's Hisense Group Co Ltd over possible patent infringement of communications equipment.

Fujifilm says aims to spend $4.5 billion on M&A over three years

TOKYO (Reuters) - Fujifilm Holdings Corp said it aimed to spend 500 billion yen ($4.54 billion) in strategic acquisitions over three years as it seeks growth outside its traditional photographic film business, which has been shrinking.

Uber officially welcomes as CEO Expedia's Dara Khosrowshahi

SAN FRANCISCO (Reuters) - Uber Technologies Inc [UBER.UL] officially welcomed its new Chief Executive Dara Khosrowshahi, who has led online travel business Expedia Inc for 12 years, in a note sent to employees of the world's biggest ride-services company late on Tuesday.

Dollar rebounds, Asia stocks gain as North Korea missile fears recede

SINGAPORE (Reuters) - The dollar rebounded from a 2-1/2-year low on Wednesday, and Asian stocks took their cue from Wall Street's stronger close, as concerns about North Korea's firing of a missile over Japan ebbed.

Crude dips, gasoline spikes as floods knock out almost a quarter of U.S. refineries

SINGAPORE (Reuters) - Oil prices slid on Wednesday but gasoline spiked to its highest since mid-2015 as flooding and storm damage in the wake of Hurricane Harvey knocked out almost a quarter of U.S. refineries, crimping demand for crude but raising fears of fuel shortages.

Hyundai resumes production in China after supply hiccup

SEOUL (Reuters) - Hyundai Motor said on Wednesday it had resumed production in China after a supply disruption forced the suspension of operations last week, complicating its efforts to lift sagging sales in the world's biggest auto market.

Under investor pressure, Goldman to explain trading strategy

NEW YORK (Reuters) - Goldman Sachs Group Inc will detail plans to turn around performance at its core bond-trading unit next month after unusual pressure from large investors frustrated by vague explanations of its troubles, people familiar with the matter told Reuters.

Carlos Slim's America Movil makes $1 billion payment in Colombia case

MEXICO CITY (Reuters) - Mexican billionaire Carlos Slim's America Movil said on Tuesday that it had complied with a Colombian arbitration ruling ordering it to pay the government $1.08 billion for wireless telecommunication assets used in the South American nation.

Storm Harvey paralyzes a fifth of U.S. fuel output

HOUSTON (Reuters) - Flooding from Tropical Storm Harvey has shut nearly a fifth of U.S. oil-refining capacity, triggering worries about a gasoline supply crunch as the slow-moving tempest lumbers through the heart of America's petrochemicals industry.

Largest U.S. crude refinery shutting due to Harvey: sources

HOUSTON (Reuters) - The largest crude oil refinery in the United States was shutting down on Tuesday night due to flooding from Tropical Storm Harvey in its 603,000 barrel-per-day (bpd) Port Arthur, Texas, plant, said sources familiar with operations.