Reuters - Daily Investor Update

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Friday, February 10, 2017

Walt Disney seeks control of troubled offspring Euro Disney

DOHA/PARIS (Reuters) - Walt Disney Co is to seek full control of Euro Disney after raising its stake in the underperforming operator of Disneyland Paris through a deal with Saudi billionaire Prince Alwaleed bin Talal.

Aldi still thriving in UK, despite rivals' claims, says CEO

ATHERSTONE, England (Reuters) - Aldi is widening a price gap with rivals in Britain and is still delivering underlying sales growth there, the head of its UK business told Reuters, denying the discount supermarket was suffering the effects of a fightback by bigger chains.

Exclusive: OPEC figures show over 90 percent compliance with supply cut -sources

LONDON (Reuters) - OPEC has delivered more than 90 percent of pledged oil output curbs in January, according to figures the exporter group uses to monitor its supply, making a strong start to implementation of its first production cut in eight years.

Former Rolls-Royce CEO Rose questioned in bribery investigation: source

LONDON (Reuters) - Britain's Serious Fraud Office (SFO) questioned former Rolls-Royce chief executive John Rose in a bribery investigation the company settled last month, a person familiar with the matter said, confirming a Financial Times report.

Trump tax cut talk, Chinese data spur risk rally

LONDON (Reuters) - The dollar rose and U.S. stock futures held near record highs as investors cheered upbeat Chinese trade data and hopes of business-friendly tax cuts in the United States, although lingering concerns over political risks kept gains in check.

Oil overhang points to need for extended OPEC output cuts

LONDON (Reuters) - An OPEC-led production cut may well be accelerating a drawdown in global oil stocks that began last year, but implementing the reduction for just six months means the producer group will fall short of achieving its objective of rebalancing the market.

Sears to cut costs, pension obligations

(Reuters) - Struggling retailer Sears Holdings Corp reported a 10.3 percent drop in comparable store sales for the holiday quarter, and said it would cut debt and pension obligations by at least $1.5 billion this year.

Stock futures edge up after Wall St. hits record high

(Reuters) - U.S. stock index futures were slightly higher on Friday, a day after Wall Street hit record high on President Donald Trump's promise to unveil a tax reform plan in the coming weeks.

Deutsche Boerse warns against hasty changes to U.S. banking rules

FRANKFURT (Reuters) - German exchange operator Deutsche Boerse warned on Friday the United States should be cautious in any revamp of banking regulations to ensure the lessons of the financial crisis are not forgotten.

Exclusive: EU sharpens competition tools to face Gulf carrier challenge

BRUSSELS (Reuters) - The European Commission is set to revamp a law enabling it to impose duties on non-EU airlines or suspend their flying rights if it finds they have caused injury to European airlines, as it seeks to counter rising competition from Gulf carriers.