🔔 Reuters Before the Bell: Oil prices firm on optimism over declining stocks

Click to View in Browser Wednesday, July 26, 2017 Oil prices firm on optimism over declining stocks SINGAPORE (Reuters) - Oil prices firmed on Wednesday to hold near eight-week highs hit in the previous session, on expectations of a drawdown in U.S. stocks and as a rise in shale oil production shows signs of slowing. Asia stocks, dollar steady as investors await Fed clues TOKYO (Reuters) - Asian stocks steadied on Wednesday and the dollar held firm as investors awaited the Federal Reserve's policy decision later in the day for more clues on its tightening plans. Hyundai Motor second quarter net profit halves as China, U.S. sales sag SEOUL (Reuters) - Hyundai Motor's bleak results stretched into a 14th straight quarter as political headwinds continued to drag down sales in China, its biggest market, and higher incentives failed to boost business in the United States. Fed expected to leave rates unchanged; balance sheet in focus WASHINGTON (Reuters) - The Federal Reserve is expected to hold interest rates unchanged on Wednesday and possibly hint that it will start winding down its massive holdings of bonds as soon as September in what would be a vote of confidence in the U.S. economy. Twitter no longer at 'death's door' as earnings report approaches SAN FRANCISCO (Reuters) - Twitter Inc heads toward its quarterly earnings report on Thursday with a stock that has risen more than 40 percent since April when much of Wall Street was ready to write off the tech company. USTR Lighthizer: Trump challenging China's industrial policies - radio interview WASHINGTON (Reuters) - The top U.S. trade negotiator said late on Tuesday that President Donald Trump is determined to challenge China's use of unfair subsidies and "non-economic" industrial policy to build up export industries that are costing American jobs. Australian watchdog takes Ford local unit to court over transmission complaints (Reuters) - Australia's consumer watchdog said on Wednesday it has started court proceedings against Ford Motor Co's local unit, accusing the company of engaging in misleading or deceptive conduct when responding to customer complaints. Express Scripts says any new Anthem contract would be unfavorable (Reuters) - Pharmacy benefit manager Express Scripts Holding Co said on Tuesday that a new contract with biggest customer Anthem Inc would be on terms significantly less favorable for the company. Apple ordered to pay $506 million to university in patent dispute (Reuters) - A U.S. judge on Monday ordered Apple Inc to pay $506 million for infringing on a patent owned by the University of Wisconsin-Madison's patent licensing arm, more than doubling the damages initially imposed on Apple by a jury. Exclusive: Viacom willing to make an all-cash deal to buy Scripps Networks - sources (Reuters) - Viacom Inc has informed Scripps Networks Interactive it is willing to pay all cash to acquire the U.S. TV network operator, sources familiar with the matter said on Tuesday. Related Video The Fed starts two-day meeting Earnings drive S&P 500 to record Make sense of the market with highlights of valuable financial information and reports along with compelling investment insights. Register Today The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2017 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook