Thursday 21 June 2018

Global stocks fall with U.S. dollar; oil slips before OPEC

Global stocks fall with U.S. dollar; oil slips before OPEC

NEW YORK (Reuters) - Stocks around the world fell on Thursday and the U.S. dollar slipped from a peak as investors flocked to bonds after weak economic data and on worries about a U.S.-China trade war.

OPEC strives for deal to raise oil output as Iran resists

VIENNA (Reuters) - OPEC was struggling on Thursday to agree on raising oil output, with Saudi Arabia warning of supply shortages and price rallies but Iran holding out against a deal at the group's meeting the following day.

Intel CEO resigns after probe of relationship with employee

(Reuters) - Intel Corp Chief Executive Brian Krzanich resigned on Thursday after a probe found a consensual relationship with an employee violated company policy.

Supreme Court lets states force online retailers to collect sales tax

WASHINGTON (Reuters) - States may force online retailers to collect potentially billions of dollars in sales taxes, the U.S. Supreme Court said in a major ruling on Thursday that undercut an advantage many e-commerce companies have enjoyed over brick-and-mortar rivals.

Bombardier sees 50 percent market share with revamped CRJ 900 jet

MONTREAL (Reuters) - Bombardier Inc's revamped CRJ 900 regional jet should win "half or more" of the market against competing planes from Brazil's Embraer SA, Commercial Aircraft President Fred Cromer told reporters on Thursday.

AT&T to launch wireless plans bundled with video after Time Warner win

(Reuters) - AT&T Inc will launch two new unlimited wireless plans next week that will be bundled with a new video streaming service called WatchTV, in the company's first move to pair entertainment with phone service after closing its $85 billion acquisition of media company Time Warner Inc.

Wall Street falls as drops in Amazon, Intel add to trade jitters

(Reuters) - U.S. stocks slipped on Thursday as oil prices slid, industrials dropped on worries over U.S.-China trade spat and Amazon led a decline in online retailers after the Supreme Court let states force the companies to collect sales tax.

Volkswagen Truck & Bus says no decision yet on listing

FRANKFURT (Reuters) - Proceeds of more than 6 billion euros ($6.9 bln) would flow to parent Volkswagen AG if it decides to list its truck and bus subsidiary, the division's chief executive told Manager Magazin as he set out the company's ambitions.

China-U.S. trade war hits Daimler profit, may sweep sector

FRANKFURT (Reuters) - Germany's Daimler cut its 2018 profit forecast and BMW said it was looking at "strategic options" because of a trade war between China and the United States, sparking fears of a wave of earnings downgrades in the auto industry.

Exclusive: Canada could make it harder for U.S. to win fighter bid - sources

OTTAWA (Reuters) - Canada is discussing changes to a multibillion-dollar fighter jet procurement process that could make it harder for a U.S. company to win the order as trade relations between the neighbors sour, two sources with direct knowledge of the discussions said.

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