Friday 1 June 2018

Exclusive: U.S. may soon claim up to $1.7 billion penalty from China's ZTE - sources

Exclusive: U.S. may soon claim up to $1.7 billion penalty from China's ZTE - sources

(Reuters) - The Trump administration may soon claim as much as $1.7 billion penalty from ZTE Corp , as it looks to punish and tighten control over the Chinese telecommunications company before allowing it back into business, according to people familiar with the matter.

Tech leads Wall Street's advance after strong jobs data

(Reuters) - Wall Street stocks rose on Friday after the latest monthly jobs report pointed to strength in the U.S. economy and geopolitical tensions eased.

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.

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.

Marchionne ramps up SUVs as prepares to hand over Fiat Chrysler wheel

BALOCCO, Italy (Reuters) - Fiat Chrysler's departing Chief Executive Sergio Marchionne delivered a plan on Friday to ramp up sport utility vehicles and invest 9 billion euros ($10.5 billion) in electric and hybrid cars in a bid to double operating profit by 2022.

Deutsche Bank faces another challenge with Fed stress test

WASHINGTON (Reuters) - Deutsche Bank AG will face another challenge this month when the Federal Reserve publishes the results of a "stress test" on the bulk of its U.S. operations for the first time.

Apple to debut phone-to-phone augmented reality: sources

SAN FRANCISCO (Reuters) - Apple Inc next week will debut tools to let two iPhone users share augmented reality while limiting the personal data sent to its servers, two people familiar with the matter said this week.

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. 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.

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