Reuters - Before the Bell

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Wednesday, May 17, 2017

Oil dips on rising U.S. crude inventories, defies expected supply cut extension

SINGAPORE (Reuters) - Oil prices fell on Wednesday after data showed an increase in U.S. crude inventories, stoking concerns that markets remain oversupplied despite efforts by top producers Saudi Arabia and Russia to extend output cuts.

U.S. stock futures, dollar fall on rising concerns over Trump

TOKYO (Reuters) - U.S. share futures and the dollar tumbled on Wednesday on worries about more U.S. political turmoil after media reports said President Donald Trump asked then-FBI Director James Comey to end a probe into Trump's former national security advisor.

Chinese state media says U.S. should take some blame for cyber attack

BEIJING (Reuters) - Chinese state media on Wednesday criticized the United States for hindering efforts to stop global cyber threats in the wake of the WannaCry "ransomware" attack that has infected more than 300,000 computers worldwide in recent days.

VW's JV in China to recall nearly 600,000 vehicles over fuse fault

BEIJING (Reuters) - Volkswagen AG 's joint venture in China, FAW-Volkswagen Automobile Co Ltd, will recall 577,590 Golf and Sagitar cars because of a headlight fuse defect that may lead to safety risks, the quality watchdog said on Wednesday.

Dollar pressured by U.S. political turmoil, strong eurozone data

TOKYO (Reuters) - The dollar nursed its losses on Wednesday after taking a hit from solid eurozone economic data, a fall in U.S. yields on heightened turmoil in Washington and downbeat housing data that reduced expectations of a Federal Reserve rate hike next month.

Cyber attack eases, hacking group threatens to sell code

WASHINGTON (Reuters) - Governments turned their attention to a possible new wave of cyber threats on Tuesday after the group that leaked U.S. hacking tools used to launch the global WannaCry "ransomware" attack warned it would release more malicious code.

German government can save IP addresses to help stop cyber attacks, court rules

KARLSRUHE, Germany (Reuters) - Germany's Federal Court ruled on Tuesday that websites operated by the government are generally allowed to save users' internet addresses but must provide reasons why doing so is necessary to help the sites guard against online attacks.

Fewer than 10 U.S. organizations say were hit by ransomware attack: official

WASHINGTON (Reuters) - Fewer than 10 U.S. organizations have reported to the Department of Homeland Security that they were affected by the global ransomware attack, an agency official told reporters on Tuesday.

NYSE wins regulatory approval for 'speed bump' exchange

NEW YORK (Reuters) - The operator of the New York Stock Exchange was given permission by regulators on Tuesday to implement a so-called speed bump on one of its exchanges, allowing it to go head-to-head with upstart rival the Investors' Exchange.

S&P 500, Dow end session flat, tech boosts Nasdaq

NEW YORK (Reuters) - The S&P 500 and the Dow ended Tuesday's session flat after mixed economic data and retail earnings, while the Nasdaq had another record close with help from technology stocks.