Reuters - Before the Bell

Click to View in Browser

Wednesday, October 11, 2017

Spain-Catalonia relief nudges world stocks to fresh high

LONDON (Reuters) - World stocks set a record high on Wednesday, as relief that Catalonia had put off any plans to break away from Spain followed a two-decade peak for Asia's biggest share market and more upbeat predictions for the global economy.

Oil rises on tighter market, but doubts swirl on sustainability

LONDON (Reuters) - Oil prices rose for a third day on Wednesday as OPEC said the market was gradually tightening after years of oversupply, but the 2018 outlook was less certain.

Emirates willing to cooperate with rival UAE airline Etihad

SINGAPORE (Reuters) - Emirates [EMIRA.UL] is open to cooperation with rival Etihad Airways in areas including procurement, its president Tim Clark said on Wednesday, adding a full merger between the pair was unlikely but up to the owners.

Light trading volume seen as black spot in banks' results

(Reuters) - Trading revenue was likely to be a black spot in U.S. banks' third quarter earnings, as volatility remained low, and investors have little hope the fourth quarter will be much better.

Goldman creates 'brain trust' in effort to boost deals business

(Reuters) - Goldman Sachs Group Inc is betting it can get its money-making mojo back by pitching creative deals to big, complex clients, marking a return to its investment banking roots as trading revenue slows.

Kobe Steel crisis deepens on new revelations of data fabrications, shares dive

TOKYO (Reuters) - Japan's Kobe Steel Ltd plunged deeper into crisis on Wednesday as fresh revelations showed data fabrication at the steelmaker was more widespread than initially thought, heightening a safety scare along the global supply chain.

Kobe Steel confirms data tampering in iron powder products, research unit

TOKYO (Reuters) - Kobe Steel Ltd said on Wednesday it has found cases of data falsification in its iron powder products and at its research unit.

Major U.S. rail customers to air complaints over CSX at hearing

(Reuters) - Cargill Inc, Dow Chemical Co and other major corporate rail customers are expected to speak on Wednesday before the top U.S. rail regulator about their experiences with CSX Corp's network, which has been dogged by service problems since the summer.

Asset manager BlackRock's profit beats Wall Street view as fees rise

(Reuters) - BlackRock Inc , the world's biggest asset manager, reported a 8.2 percent rise in quarterly profit that beat Wall Street estimates on Wednesday, helped by higher fees as investors moved more money into low-cost exchange traded funds.

Workers call on UK PM May to be more visible in Bombardier dispute

LONDON (Reuters) - Workers at Bombardier's Northern Irish plant called on British Prime Minister Theresa May to be more visible in her attempts to save their jobs after the United States imposed tariffs on planes made by the Canadian aerospace firm.