Thursday, 24 May 2018

Wall Street drops as Trump cancels North Korea meet, adds to tariff fears

Wall Street drops as Trump cancels North Korea meet, adds to tariff fears

(Reuters) - U.S. stocks dropped on Thursday after President Donald Trump canceled a planned summit with North Korean leader Kim Jong Un, while a slide in oil prices and bank stocks also weighed as investors grappled with fresh U.S. protectionist plans.

U.S. auto import probe fans tariff fears, riles Asia, Europe carmakers

(Reuters) - A Trump administration investigation of car and truck imports raised the threat on Thursday of renewed conflict over trade policy for an industry that thrives on stability and sent stocks in Asian and European automakers down.

Tesla's Musk bashes media, proposes credibility check

(Reuters) - Tesla Inc Chief Executive Elon Musk gained the support on Thursday of more than half a million people on Twitter for plans to create a website evaluating journalists' credibility, spurred by his frustration at media reports about the electric car maker.

Deutsche Bank axes at least 7,000 jobs in trading retreat

FRANKFURT (Reuters) - Deutsche Bank is slashing more than 7,000 jobs to cut costs and restore profitability, while keeping its international reach as its new CEO seeks to reassure investors and clients.

Car imports probe gives GM, Ford shares tiny lift

(Reuters) - Shares of General Motors and Ford inched only marginally higher before the bell on Thursday after the Trump administration launched a national security probe into car imports which could lead to new tariffs on foreign competitors while also stirring trade tensions.

About $1.2 billion in cryptocurrency stolen since 2017: cybercrime group

NEW YORK (Reuters) - Criminals have stolen about $1.2 billion in cryptocurrencies since the beginning of 2017, as bitcoin's popularity and the emergence of more than 1,500 digital tokens have put the spotlight on the unregulated sector, according to estimates from the Anti-Phishing Working Group released on Thursday.

Rusal CEO, board members quit in quest for U.S. sanctions relief

HONG KONG/MOSCOW (Reuters) - Russia's largest aluminum producer, United Company Rusal Plc , said on Thursday that its chief executive and seven board members had quit, part of a strategy it hopes may persuade the United States to lift crippling sanctions on it.

U.S. could seek American compliance officers at ZTE: Ross

WASHINGTON (Reuters) - The United States has not made a final decision on changes to its ban on ZTE Corp , but any alternative remedy could include installing U.S. compliance officers at the Chinese telecoms company, Commerce Secretary Wilbur Ross said on Thursday.

EU parliament gets Facebook answers after Zuckerberg meeting

BRUSSELS (Reuters) - The European Parliament distributed on Thursday what it called a first set of written replies from Facebook to oral questions put by lawmakers to CEO Mark Zuckerberg at a meeting in Brussels on Tuesday.

Uber self-driving car failed to recognize pedestrian, brake: U.S. agency

WASHINGTON (Reuters) - An Uber [UBER.UL] self-driving vehicle that struck and killed a woman in Arizona in March failed to identify the pedestrian or to brake, raising serious questions about its performance, the U.S. National Transportation Safety Board said in a preliminary report released on Thursday.

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