Reuters - Before the Bell

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Friday, September 29, 2017

Lyft IPO puts investors in self-driving cars as well as ride services

DETROIT (Reuters) - An initial public offering by Lyft Inc will give investors a way to jump into self-driving cars, although the ride services company and rival Uber Technologies Inc may have to wait years before sending a driverless robotaxi to a customer.

VW's dieselgate bill hits $30 billion after another charge

HAMBURG/BERLIN (Reuters) - Volkswagen is taking another $3 billion charge to fix diesel engines in the United States, lifting the total bill for its emissions test cheating scandal to around $30 billion.

New Uber CEO to meet London transport boss in license battle

LONDON (Reuters) - The new chief executive of Uber Technologies [UBER.UL] will meet the head of London's transport system next week to try to retain the license for its ride hailing service in the British capital.

Murdoch opponent challenges UK regulator over Sky deal

LONDON (Reuters) - Activist group Avaaz stepped up its battle to stop Rupert Murdoch buying Sky , launching a legal challenge to the regulator's view that the pay-TV group would still be a "fit and proper" owner of a broadcasting license if the deal goes ahead.

Tesla's big battery races to keep South Australia's lights on

HORNSDALE, Australia (Reuters) - One year after the state of South Australia suffered a major blackout, the clock has started ticking for Tesla Inc to finish building the world's biggest battery to help keep the lights on in Australia's most wind-dependent state.

Exclusive: South Africa's central bank tells lenders that KPMG is 'too big to fail'

JOHANNESBURG (Reuters) - South Africa's central bank has told top lenders they cannot fire auditor KPMG [KPMG.UL], entangled in a scandal involving friends of President Jacob Zuma, because it might undermine financial stability, two sources with knowledge of the matter said.

China's C919 jet could do third test flight within days: COMAC executive

SHANGHAI (Reuters) - China's domestically developed C919 passenger jet is likely to make its third test flight within days or in up to two weeks, a senior Commercial Aircraft Corp of China Ltd (COMAC) [CMAFC.UL] executive told reporters on Friday.

China sets 2019 deadline for automakers to meet green-car sales targets

BEIJING/SHANGHAI (Reuters) - China has set a deadline of 2019 to impose tough new sales targets for electric plug-in and hybrids vehicles, slightly relaxing an earlier plan to launch the rules from next year that had left global automakers worried about being able to comply.

China's bitcoin market alive and well as traders defy crackdown

SHANGHAI (Reuters) - Weeks after Beijing banned fundraising through token launches and ordered some bitcoin exchanges to shut, casting a chill over the cryptocurrency industry, traders say that the market is far from dead.

Trumpflation strikes back: dollar set for best week of the year

LONDON (Reuters) - The dollar was set for its biggest weekly rise in 2017 and stocks rose across the world after U.S. President Donald Trump proposed the biggest tax overhaul in three decades in the United States.