Wednesday 6 June 2018

Trump to stick to hard line on trade as G7 showdown looms

Trump to stick to hard line on trade as G7 showdown looms

WASHINGTON/OTTAWA (Reuters) - U.S. President Donald Trump is not backing down from the tough line he has taken on trade, the White House's top economic adviser said on Wednesday, setting the stage for a showdown with top allies at this week's G7 summit in Canada.

Tight security to keep protesters far from G7 summit

QUEBEC CITY (Reuters) - Quebec's forested Charlevoix region has begun to look more like a fortress than a resort as organizers of this week's G7 summit gear up to shield seven world leaders from outside disturbances.

U.S. lawmakers press Facebook over Chinese data sharing

WASHINGTON (Reuters) - Two key U.S. lawmakers on Wednesday rebuked Facebook Inc for not being more transparent over its data sharing after the social media giant said it had collaborated with at least four Chinese companies, including a smartphone maker that has raised U.S. security concerns.

Wall Street climbs on easing trade worries

NEW YORK (Reuters) - Wall Street's three major indexes added to gains late in Wednesday's session as the S&P 500 and the Dow were boosted by financial and industrial stocks and ebbing trade-war fears while the Nasdaq was set for a fourth straight day of gains.

U.S. dollar-store shares marked down but specialty discounters thrive

NEW YORK (Reuters) - The shares of so-called dollar stores have suffered as U.S. shoppers have started spending more at bargain retailers with focused concepts and big discount chains.

Paul Dacre, editor of the UK's Daily Mail, to stand down

LONDON (Reuters) - The editor of Britain's Daily Mail tabloid Paul Dacre will stand down by his 70th birthday in November to become chairman and editor-in-chief of the title's publisher, Associated Newspapers, Daily Mail and General Trust said on Wednesday.

Tesla shares rise as Musk says Model 3 set to hit target

(Reuters) - Tesla Inc shares headed for their best day in more than two years on Wednesday after Chief Executive Elon Musk said the car maker was now churning out 500 of its Model 3 sedans a day and should achieve its 5,000 per week target by the end of June.

Brown-Forman upped Jack Daniel's shipments as trade war loomed

(Reuters) - Jack Daniel's maker Brown-Forman Corp warned on Wednesday of trouble ahead from tariffs being slapped on U.S. bourbon and said it had been working in recent months to mitigate the potential impact by shipping more liquor overseas.

Alphabet shareholders reject diversity proposal backed by employees

MOUNTAIN VIEW, Calif. (Reuters) - Alphabet Inc's shareholders, including top executives, voted down several proposals on Wednesday, defeating campaigns to tie pay to diversity goals and to get the Google parent to provide more data about efforts to moderate user-generated content.

UBS cuts at least 100 jobs in asset management arm: Bloomberg

(Reuters) - Swiss bank UBS Group AG is cutting jobs at its asset management unit while it focuses on growth in China along with passive and sustainable investing, Bloomberg said on Wednesday.

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