Reuters - Before the Bell

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Tuesday, May 30, 2017

Strong start to U.S. driving season supports oil, but oversupply worries fester

SINGAPORE (Reuters) - A strong start to the summer driving season in the United States supported U.S. crude prices on Tuesday, but persistent concerns about oversupply continued to fester.

Greece, Italy uncertainties dent euro, Asian stocks, lift yen

SINGAPORE (Reuters) - Concerns about situations involving Greece, Italy and the European Central Bank kept the euro under pressure on Tuesday.

LSE to buy Citi's fixed-income analytics and index operations for $685 million

(Reuters) - London Stock Exchange (LSE) has agreed to buy Citigroup's fixed-income analytics platform and index business for $685 million in cash, the companies said on Tuesday.

New Russian jet heralds carbon manufacturing shake-up

PARIS (Reuters) - Russia's new jetliner, which conducted its maiden flight on Sunday, may have a hard time challenging the sales duopoly of Boeing and Airbus, but it does point the way to radical changes in how they could be building jets in the future.

Dollar firms against sterling, euro amid political uncertainties

TOKYO (Reuters) - The dollar firmed against a basket of currencies on Tuesday as the euro and sterling were pressured by political uncertainties in the UK and eurozone, even as it surrendered ground against the perceived safe-haven yen.

Singapore's central bank fines Credit Suisse, UOB over 1MDB-linked transactions

SINGAPORE (Reuters) - Singapore's central bank said on Tuesday it had fined Credit Suisse and United Overseas Bank (UOB) a total of S$1.6 million ($1.15 million) for breaches of anti-money laundering rules for transactions related to Malaysia's scandal-ridden state fund 1MDB.

'We are not amused': Belgian monarchy angered by Burger King

BRUSSELS (Reuters) - Burger King is in trouble with Belgium's monarchy over an advertising campaign asking Belgians to vote online to "crown" the global fast-food giant the true ruler of the country where the U.S. brand will launch next month.

British Airways vows 'never again' after costly IT collapse

LONDON (Reuters) - British Airways (BA) said it would take steps to ensure there was no repeat of a computer system failure that stranded 75,000 passengers over a holiday weekend and turned into a public relations disaster.

Britain's Heathrow says BA to run full flight schedule on Tuesday

(Reuters) - British Airways expects to run a full flight schedule at London's Heathrow on Tuesday after a worldwide computer system failure at the airline stranded 75,000 passengers over a holiday weekend, the airport said on Monday.

Akzo Nobel wins court case against dissident shareholders

AMSTERDAM (Reuters) - A Dutch court on Monday rejected a request by Akzo Nobel investors for it to take immediate action against the company over its rejection of a takeover bid by U.S. rival PPG Industries , handing the Dutch company a victory in its efforts to repel the U.S. firm's 25 billion euro ($28 billion) proposed offer.