Friday 1 June 2018

Allies in G7 vow to fight U.S. tariffs, see threat to growth

Allies in G7 vow to fight U.S. tariffs, see threat to growth

WHISTLER, British Columbia (Reuters) - The United States' allies in the G7 vowed on Thursday to push back against Washington's decision to impose tariffs on their steel and aluminum exports, saying as they gathered for a meeting that the move threatens global growth.

Trump orders U.S. Energy Dept. to help ailing coal, nuclear plants

(Reuters) - U.S. President Donald Trump has directed Energy Secretary Rick Perry to take emergency steps to keep at-risk coal and nuclear power plants running, the White House announced on Friday, in what would amount to an unprecedented intervention in power markets.

U.S. Commerce chief set for China trade talks amid metals tariff rancor

BEIJING (Reuters) - U.S. Commerce Secretary Wilbur Ross is proceeding with plans for trade talks in Beijing on Saturday, U.S. officials said, after the Trump administration launched steel and aluminum tariffs on Western allies and renewed its tariff threats against China.

Honda confirms Takata air bag rupture in fatal Malaysia crash

(Reuters) - A Takata air bag inflator ruptured in a fatal car crash earlier this week in Malaysia, Honda Motor Co said on Friday, in what appears to be the 23rd death worldwide linked to the faulty part that can emit deadly metal fragments.

Ford Motor Co's Canada auto sales slide in May

(Reuters) - Ford Motor Co on Friday reported a 3.3 percent drop in Canadian auto sales in May.

U.S. isolated at G7 meeting as tariffs prompt retaliation

WASHINGTON/WHISTLER, British Columbia (Reuters) - U.S. President Donald Trump told Canada and the European Union on Friday to do more to bring down their trade surpluses, a day after hitting them and Mexico with import tariffs on steel and aluminum.

Deere sues Precision Planting, AGCO for patent infringement

(Reuters) - U.S. farm equipment maker Deere & Co said on Friday it filed a lawsuit against Precision Planting LLC and AGCO Corp , claiming that the companies have infringed on 12 of its patents.

U.S. job growth surges, unemployment rate falls to 3.8 percent

WASHINGTON (Reuters) - U.S. job growth accelerated in May and the unemployment rate dropped to an 18-year low of 3.8 percent, pointing to rapidly tightening labor market conditions, which could stir concerns about inflation.

Trump orders Energy Department to help ailing coal, nuclear plants

WASHINGTON (Reuters) - U.S. President Donald Trump on Friday directed Energy Secretary Rick Perry to take emergency steps to keep at-risk coal and nuclear plants running, the White House announced.

Trump tweet before U.S. payrolls report raises eyebrows

(Reuters) - President Donald Trump set tongues wagging across Wall Street and among economists on Friday when he tweeted what some viewed as a tip about the big monthly U.S. payrolls report due out later in the morning.

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