Reuters - Before the Bell

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Wednesday, July 12, 2017

U.S. should not block Chinese chip acquisitions: China think-tank

BEIJING (Reuters) - The United States should not block Chinese acquisitions of U.S. semiconductor technologies, a leading state think-tank in Beijing said on Wednesday, as Washington heightens scrutiny of Chinese investments in the sector.

Kaspersky Lab complains it has been drawn into U.S.-Russia geopolitical game: RIA

MOSCOW (Reuters) - Russian cyber security firm Kaspersky Lab said on Wednesday it had fallen victim to geopolitical sparring between Russia and the United States, but said it was ready to respond to any questions from U.S. officials, the RIA news agency reported.

U.S. decision on Kaspersky Lab software is politicized: Kremlin

MOSCOW (Reuters) - A decision by the Trump administration to remove Moscow-based Kaspersky Lab from two lists of approved vendors used by U.S. government agencies to purchase technology equipment is a "politicized decision," the Kremlin said on Wednesday.

Futures up ahead of Yellen's testimony

(Reuters) - U.S. stock index futures were higher on Wednesday ahead of Federal Reserve Chair Janet Yellen's testimony to Congress.

After dieselgate, Volkswagen loosens reins on empire

WOLFSBURG, Germany (Reuters) - When Volkswagen boss Matthias Mueller vowed to reform the carmaker after its emissions scandal, decentralizing power from its Wolfsburg headquarters in Germany was a top priority.

Shell to sell stake in Corrib gas field in Ireland for $1.23 billion

(Reuters) - Royal Dutch Shell is to sell its 45 percent stake in the Corrib gas venture to a subsidiary of Canada Pension Plan Investment Board for up to $1.23 billion, marking the oil company's exit from the upstream business in Ireland.

Fed's Yellen to speak: stocks up, dollar sluggish

LONDON (Reuters) - The dollar was stuck near its lowest level in more than a year against the euro on Wednesday while stocks edged higher in light trading ahead of Janet Yellen's testimony to Congress.

Barclays announces new board of its corporate and investment bank

LONDON (Reuters) - Barclays announced on Wednesday board appointments for its non-ring fenced business Barclays International (BI), to comply with new post-crisis rules forcing British banks to separate their retail operations from their riskier business.

Faraday Future moves electric SUV production site, mothballs Las Vegas plant

TAIPEI (Reuters) - Startup Faraday Future said it would move production of its planned luxury electric SUV to a new site, virtually scrapping a stalled $1 billion Las Vegas factory amid deepening financial woes of key investor Chinese entrepreneur Jia Yueting.

Toshiba regains access to credit line but tough conditions applied: sources

TOKYO (Reuters) - Crisis-hit Toshiba Corp has regained access to a crucial $6 billion credit line after stumping up shares in its chip unit as collateral but its lenders have imposed tough conditions, banking sources with direct knowledge of the matter said.