Reuters - Before the Bell

Click to View in Browser

Tuesday, August 27, 2019

Norway wealth fund should move more investment to North America, central bank says

Norway's $1 trillion sovereign wealth fund should shift billions in investments from European stock markets and instead invest more in the United States and other North American markets to seek higher returns, the fund's manager recommended on Tuesday.

Crowds force Costco to shut maiden China store early on opening day

U.S. hypermarket chain Costco Wholesale Corp was forced to shut its first store in China early on its opening day on Tuesday, according to state media, after large crowds flocked through the door and caused traffic jams in the Shanghai neighborhood.

Smucker cuts full-year targets after first-quarter earnings disappoint

J. M. Smucker Co on Tuesday cut its full-year earnings forecast and missed Wall Street estimates for quarterly profit and sales, blaming competition in the pet food industry and its move to cut prices on its peanut butter and coffee.

World shares gain on flickering trade hopes

World shares gained on Tuesday as some investors held out hopes for a trade deal between the United States and China, even though they continued to raise tariffs on each other last week.

Ferdinand Piech, architect of Volkswagen's global expansion, dies aged 82

Ferdinand Karl Piech, Volkswagen AG's former chairman and chief executive, who transformed the German company from a struggling midsized carmaker into a global automotive powerhouse, has died, his wife said in a statement.

Dutch regulator sees potential privacy breach in Microsoft Windows

Microsoft is remotely collecting data from users of Windows Home and Windows Pro, in a potential breach of privacy rules, the Dutch Data Protection Agency (DPA) said on Tuesday.

Oil rises as hopes grow for U.S.-China trade breakthrough

Oil prices rose on Tuesday after U.S. President Donald Trump predicted a trade deal with China after positive comments by Beijing, calming nerves after a round of tit-for-tat tariff hikes had sent markets reeling.

BlackRock takes aim at CEOs serving on other companies' boards

BlackRock Inc is stepping up opposition to U.S. CEOs who sit on more than one corporate board beside their own, arguing that working as a director takes increasingly more time, a report from the world's largest asset manager showed on Tuesday.

Prosecutors raid Deutsche Boerse offices over share-trading scam

Public prosecutors on Tuesday raided offices of German exchange operator Deutsche Boerse as part of a broader investigation into a fraudulent share-trading scheme, Cologne public prosecutor's office said.

EU's Vestager: checking to see if Google favors own job search tool

EU regulators are checking Google for Jobs to see if the company unfairly favors its fast-growing tool for searching job listings, Europe's antitrust chief said on Tuesday.