Reuters - Before the Bell

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Monday, September 11, 2017

Mercedes-Benz to offer electric option for every car by 2022

FRANKFURT (Reuters) - Daimler's Chief Executive Dieter Zetsche on Monday said Mercedes-Benz will offer electric versions of all its models by 2022, converting its Smart city car brand to become fully electric.

Electric cars only half as profitable at first: Daimler

FRANKFURT (Reuters) - Daimler has set a new target of saving 4 billion euros ($4.8 billion) by 2025 to help offset the lower profitability of electric cars, which at first may only earn half the margin of equivalent vehicles with combustion engines.

David v Goliath: Deezer seeks musical edge on Spotify

LONDON (Reuters) - From Brazilian gospel to Puerto Rican reggaeton and Dutch hip-hop, music streaming company Deezer is scouring the globe for gaps in the market where it can survive and thrive against Spotify and Apple.

Futures higher as Irma weakens, North Korea tensions ease

(Reuters) - U.S. stock index futures were sharply higher on Monday on relief that Hurricane Irma weakened and North Korea did not conduct a nuclear test over the weekend as feared.

Factbox: The main players in music streaming

LONDON (Reuters) - French music streaming company Deezer is attempting to carve out a niche for itself in a global industry dominated by the likes of Spotify and Apple.

Global shares return to record high as Irma loses strength

LONDON (Reuters) - World shares returned to a record high on Monday, on relief that hurricane Irma looked to be losing strength in the United States and that North Korea's anniversary celebrations at the weekend passed without any new missile test.

Oil weakens on fears Irma could dent U.S. demand

LONDON (Reuters) - Oil prices edged lower on Monday on concerns that Hurricane Irma's pounding of heavily populated areas of Florida could dent oil demand in the world's top oil consuming nation.

Lucky 8? $1,000 price tag dampens iPhone enthusiasm in China

BEIJING (Reuters) - Apple Inc will launch an expected "iPhone 8" on Tuesday, hoping the number's auspicious connotations in China will help turn around fortunes in the world's biggest smartphone market after six quarters of falling sales.

In sunny Monte Carlo, insurers tally hurricane costs

MONACO (Reuters) - As Hurricane Irma battered Florida, the cream of the insurance world -- gathered under the Mediterranean sun in Monte Carlo -- was assessing the costs of the storm for the global industry.

ExxonMobil slashes LNG price to India in bad omen for producers

MELBOURNE/NEW DELHI (Reuters) - India has won a price cut on a 20-year liquefied natural gas (LNG) deal with global giant ExxonMobil Corp in a rare contract renegotiation, a bad sign for producers in a heavily oversupplied global market.