Reuters - Before the Bell

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Friday, May 26, 2017

Oil prices see-saw, sterling hit as May's lead shrinks

LONDON (Reuters) - Oil prices see-sawed on Friday after OPEC extended cuts in oil production but disappointed investors by not going further, while sterling slid after a poll showed the ruling Conservatives' lead shrinking two weeks before an election.

OPEC oil cut extension renews Asia's crude supply worries

SINGAPORE (Reuters) - The OPEC-led decision to extend a production cut to March 2018 disappointed financial investors, prompting an exit from oil futures markets, while refiners in Asia were mostly concerned with whether it meant they would need to go hunting for crude.

Russia's Novak says may discuss adjustments to OPEC deal at monitoring committee

MOSCOW (Reuters) - Russian Energy Minister Alexander Novak said on Friday that the monitoring committee may discuss possibility of adjusting options of a deal to cut oil production with OPEC at a monitoring committee meeting.

Stuttgart prosecutor targets Bosch in Daimler diesel investigation

FRANKFURT (Reuters) - German prosecutors investigating whether carmaker Daimler manipulated emission tests on its diesel cars are looking at whether auto components supplier Bosch [ROBG.UL] was involved in the alleged fraud, it was confirmed on Friday.

Oil edges up after dip on disappointing OPEC meeting outcome

LONDON (Reuters) - Oil prices edged back up on Friday after a 5 percent fall in the previous session on disappointment that an OPEC-led decision to extend current production curbs did not go deeper.

China's reforms not enough to arrest mounting debt: Moody's

BEIJING (Reuters) - China's structural reforms will slow the pace of its debt build-up but will not be enough to arrest it, and another credit rating cut for the country is possible down the road unless it gets its ballooning credit in check, officials at Moody's said.

Exclusive: Fidelity may back climate resolutions, a milestone for activists

BOSTON (Reuters) - Fidelity Investments may support shareholder proxy proposals calling on companies to report on sustainability matters this year, a major shift by the Boston asset manager as climate activists gain more traction at large U.S. corporations.

Linde board to vote on Praxair merger on June 1: sources

MUNICH (Reuters) - German industrial gases group Linde's supervisory board is due to vote on a merger agreement with U.S. peer Praxair on June 1, two people close to the matter told Reuters on Friday.

Safe Sex: Chinese buy condom business as savvy youth spur demand

SHANGHAI (Reuters) - April Zhang, a 21-year-old student from Shanghai, reflects the fast-shifting attitudes of China's younger generations toward sex. She's confident to talk about a topic once taboo here and is well educated about the risks.

Irritation with Moody's reflects China's sensitivity as it seeks foreign investors

BEIJING/HONG KONG (Reuters) - China has tried to brush aside a rare cut to its credit rating by Moody's Investors Service as misinformed, but its reaction highlights its sensitivity to how it is being viewed just as it seeks more foreign capital in its equity and bond markets.