Reuters - Before the Bell

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Thursday, October 5, 2017

Nissan's premium brand Infiniti global sales up 8 percent in September

BEIJING (Reuters) - Nissan Motor Co's premium brand Infiniti sold 21,523 vehicles globally in September, up 8 percent from a year earlier and pushing the brand's worldwide sales in the first nine months of this year to 182,884 vehicles, up 11 percent.

Saudi Aramco IPO on track for 2018: officials

MOSCOW (Reuters) - A plan to list Saudi Aramco in 2018 is on track, senior Saudi officials said in Moscow on Thursday, as Saudi Arabia gears up to sign a string of investment agreements with Russia.

Bain Capital aims to list Toshiba chip unit in three years

TOKYO (Reuters) - U.S. private equity firm Bain Capital LP on Thursday said it aims to list Toshiba Corp's chip unit on the Tokyo Stock Exchange within three years, to cash in its investment after leading an $18 billion acquisition of the business.

Toshiba says sued by another group of foreign investors

TOKYO (Reuters) - Toshiba Corp said on Thursday it has been sued by another group of foreign investors, for 21.8 billion yen ($194 million), over its massive accounting scandal uncovered two years ago.

Hilton to add 29 hotels to its chain in Africa over five years

NAIROBI (Reuters) - Hilton Worldwide plans to spend $50 million over the next five years to renovate and rebrand 29 hotels in Africa, it said on Thursday, joining other chains keen to tap growing business and international travel on the continent.

Exclusive: Airbus defense unit freezes capex, may miss cash goals - memo

PARIS (Reuters) - Airbus Defence and Space has frozen capital spending and urged its 34,000 staff to take "drastic measures" to save cash as it faces the prospect of missing 2017 cash targets by hundreds of millions of euros, according to a memo seen by Reuters.

KPMG South Africa CEO has not found systemic problems at firm

CAPE TOWN (Reuters) - Weaknesses at KPMG South Africa are not systemic and reforms are underway to address mistakes made in work it carried out for business friends of President Jacob Zuma, the firm's new local chief executive told parliament on Thursday.

KPMG South Africa CEO promises reform after Gupta scandal

CAPE TOWN (Reuters) - KPMG's new chief executive in South Africa said on Thursday she would make sweeping changes to ensure the firm did not repeat "greatly disappointing" work it did for business friends of President Jacob Zuma.

Global stock market party settles down for central bank reflection

LONDON (Reuters) - Global stocks came off record highs and the euro held near a seven-week low on Thursday as investors prepared to parse minutes from the European Central Bank's last meeting for clues to its exit from ultra-easy monetary policy.

Linde urges investors to exchange shares for Praxair merger

(Reuters) - German industrial gases group Linde urged investors to tender their shares in an exchange offer for its planned $80 billion merger with U.S. peer Praxair as a deadline approaches to reach 75 percent acceptance.